HOME BUILDERS ASSOCIATION OF THE M… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

DEBORAH MIGUES

Phone

2288967646

Tax Period

2023-01-01 to 2023-12-31

HOME BUILDERS ASSOCIATION OF THE MS COAST, founded in 1961, is a small nonprofit that reported $616K in total revenue in fiscal year 2023. Revenue surged 242% from the prior year, signaling strong growth momentum.

Mission

PROMOTION OF HOME CONSTRUCTION

Program Service Accomplishments

Program 1

Expenses: $410,529 Revenue: $448,950

MODEL HOME BUILT TO SHOWCASE CURRENT CONSTRUCTION METHODS AND TECHNIQUES; AS WELL AS BUILDING MATERIALS AND SUPPLIES USED IN CONSTRUCTION.

Program 2

Expenses: $151,565 Revenue: $96,379

GENERAL MEMBERSHIP MEETINGS WHICH INCLUDE SPEAKERS RELATED TO THE HOME CONSTRUCTION INDUSTRY; DUES PAID TO STATE AND NATIONAL ASSOCIATIONS PROVIDE SUPPORT TO THE HOME BUILDING INDUSTRY.

Program 3

Expenses: $4,885 Revenue: $16,705

PARADE OF HOMES SHOWCASES HOMES CONSTRUCTED BY MEMBERS OF THE ASSOCIATION BY OPENING THE HOMES TO THE PUBLIC, FREE OF CHARGE DURING THE EVENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,981

Program Service Revenue $562,034

Investment Income $1,395

Other Revenue $40,291

TOTAL REVENUE $615,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,721

Fundraising Expenses $0

Program Expenses $566,979

Other Expenses $547,310

TOTAL EXPENSES $603,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$615,701	$179,940	+2.4%
Expenses	$603,031	$209,845	+1.9%
Net Income	$12,670	$-29,905	-1.4%

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WOODY BAILEY	BOARD MEMBER	N/A	Director	$0	$0	$0
RANDY BOSARGE	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE BRAUN	BOARD MEMBER	N/A	Director	$0	$0	$0
MATT COMPTON	BOARD MEMBER	N/A	Director	$0	$0	$0
CLAY EASTERLING	BOARD MEMBER	N/A	Director	$0	$0	$0
TYLER GREEN	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN GOLDIN	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM HARDAMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN HERRON	BOARD MEMBER	N/A	Director	$0	$0	$0
WALLY LADNER	BOARD MEMBER	N/A	Director	$0	$0	$0
PHILLIPPE MICHELE	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM MIHALIK	BOARD MEMBER	N/A	Director	$0	$0	$0
WAYNE O'NEAL	BOARD MEMBER	N/A	Director	$0	$0	$0
HARRY PIASCIK	BOARD MEMBER	N/A	Director	$0	$0	$0
SANDY RICHARDSON	BOARD MEMBER	N/A	Director	$0	$0	$0
TERRY ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
DIXIE SAKSA	BOARD MEMBER	N/A	Director	$0	$0	$0
FRED SCHWAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOEY SHEPARD	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN TAYLOR	BOARD MEMBER	N/A	Director	$0	$0	$0
KYLE TOOTLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFF WARRICK	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSH WORKMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
DEBORAH MIGUES	PRESIDENT	N/A	Officer Director	$0	$0	$0
CLARK PIETRANGELO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ANDREW MCCAUGHAN	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
JAMIE DANIELS	IMM. PAST PR	N/A	Officer Director	$0	$0	$0
JAY JORDAN	BOARD ATTORN	N/A	Officer Director	$0	$0	$0
KELLY PALERMO	EXECUTIVE DI	40.00	Officer	$45,000	$0	$45,000

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	No data	No data	No data	No data
2023	$615,701	$603,031	$415,535	$12,670
2022	$179,940	$209,845	$453,406	$-29,905
2021	$533,425	$535,376	$434,817	$-1,951
2020	$156,049	$149,028	$647,670	$7,021
2019	$198,333	$209,835	$429,237	$-11,502
2018	$241,375	$268,211	$440,440	$-26,836

HOME BUILDERS ASSOCIATION OF THE MS COAST