THE HOME BUILDERS ASSOCIATION OF NORTHERN KENTUCKY INC (EIN 610591000) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

BRIAN MILLER

Phone

8593319500

Tax Period

2024-01-01 to 2024-12-31

THE HOME BUILDERS ASSOCIATION OF NORTHERN KENTUCKY INC, founded in 1955, is a small nonprofit that reported $838K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $5.7M represent 82 months of operating reserves.

Mission

TO PROMOTE AND ENHANCE THE INTEGRITY AND VISIBILITY OF THE CONSTRUCTION INDUSTRY AND THE MEMBERS OF THE ORGANIZATION THROUGH ADVOCACY, COMMUNICATION, EDUCATION AND POLITICAL ACTION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $510,816

Program Service Revenue $260,456

Investment Income $32,831

Other Revenue $33,782

TOTAL REVENUE $837,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,599

Fundraising Expenses $0

Other Expenses $531,831

TOTAL EXPENSES $888,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$837,885	$1,388,939	-0.4%
Expenses	$888,430	$1,092,978	-0.2%
Net Income	$-50,545	$295,961	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT CURTIN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN RIEGLER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAELE BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ACKLIN	VP,SECRETARY/TREASURER	1.00	Director	$0	$0	$0
MATT MAINS	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL DEATON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE SCHLIMM	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN STURM	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN MADDEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MILLER	EXECUTIVE VICE PRESIDENT	40.00	Highest	$210,369	$0	$210,369

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$837,885	$888,430	$6,219,005	$-50,545
2023	$1,388,939	$1,092,978	$5,970,443	$295,961
2022	$4,652,459	$1,805,603	$5,752,325	$2,846,856
2021	$1,747,963	$1,430,022	$3,042,310	$317,941
2020	$3,238,873	$1,215,462	$3,154,559	$2,023,411
2019	$1,355,110	$1,321,176	$917,939	$33,934
2018	$1,269,984	$1,278,865	$879,387	$-8,881

THE HOME BUILDERS ASSOCIATION OF NORTHERN KENTUCKY INC