HOME BUILDERS ASSOCIATION OF MISSISSIPPI (EIN 640536221) - 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

1961

Legal Domicile

Principal Officer

SETH HOOD

Phone

8008984226

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF MISSISSIPPI, founded in 1961, is a small nonprofit in the Community Improvement sector that reported $516K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $484K left a modest 6% surplus.

Mission

THE HOME BUILDERS ASSOCIATION OF MISSISSIPPI (HBAM) IS A TRADE ORGANIZATION WHICH ASSISTS HOME BUILDERS IN MISSISSIPPI BY PROMOTING, ADVANCING, AND PROTECTING THE HOUSING INDUSTRY.

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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 $127,988

Program Service Revenue $104,690

Investment Income $126,395

Other Revenue $157,282

TOTAL REVENUE $516,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,595

Fundraising Expenses $0

Program Expenses $397,382

Other Expenses $312,576

TOTAL EXPENSES $484,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,355	$456,469	+0.1%
Expenses	$484,171	$706,804	-0.3%
Net Income	$32,184	$-250,335	-1.1%

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

$64,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MIHALIK	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
BRAD BAGGETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBORAH MIGUES	ASSOCIATE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN M RAINEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SETH HOOD	EXECUTIVE VP	10.00	Officer	$64,000	$0	$64,000

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	$516,355	$484,171	$2,554,582	$32,184
2023	$456,469	$706,804	$2,536,614	$-250,335
2022	$537,071	$536,028	$2,775,545	$1,043
2021	$716,230	$447,041	$2,767,923	$269,189
2020	$316,159	$351,435	$2,494,913	$-35,276
2019	$456,503	$707,569	$2,530,697	$-251,066
2018	$510,433	$517,874	$2,795,428	$-7,441

HOME BUILDERS ASSOCIATION OF MISSISSIPPI