NORTH TEXAS HOME BUILDERS ASSOCIATION (EIN 751180998) - 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

1957

Legal Domicile

Principal Officer

JUSTIN HOLCOMB

Phone

9406922211

Tax Period

2024-01-01 to 2024-12-31

NORTH TEXAS HOME BUILDERS ASSOCIATION, founded in 1957, is a small nonprofit that reported $455K in total revenue in fiscal year 2024. Revenue surged 183% from the prior year, signaling strong growth momentum. Expenses of $441K left a modest 3% surplus.

Mission

TO ENCOURAGE THE USE AND DEVELOPMENT OF NEW MATERIALS, NEW BUILDING TECHNIQUES, NEW BUILDING EQUIPMENT, AND IMPROVED METHODS OF HOME FINANCING, TO THE END THAT EVERY HOME PURCHASER MAY GET THE GREATEST VALUE FOR EVERY DOLLAR INVESTED.

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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 $99,259

Program Service Revenue $356,817

Investment Income $3,828

Other Revenue $-4,671

TOTAL REVENUE $455,233

Expense Breakdown

Grants Paid $11,860

Salaries & Benefits $57,571

Fundraising Expenses $23,408

Program Expenses $321,818

Other Expenses $371,928

TOTAL EXPENSES $441,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,233	$161,058	+1.8%
Expenses	$441,359	$184,477	+1.4%
Net Income	$13,874	$-23,419	-1.6%

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

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

$53,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANNER WACHSMAN	IMMEDIATE PAST PRESIDENT	5.35	Director	$0	$0	$0
DAVID BEDINGFIELD	BUILDER DIRECTOR	0.10	Director	$0	$0	$0
STEVEN HINSON	BUILDER DIRECTOR	0.10	Director	$0	$0	$0
CAMERON TURNQUIST	BUILDER DIRECTOR	0.10	Director	$0	$0	$0
STEVE LANE	BUILDER DIRECTOR	0.10	Director	$0	$0	$0
JOHNNY MCCLANE	ASSOCIATE DIRECTOR	0.17	Director	$0	$0	$0
BRAD LITTEKEN	ASSOCIATE DIRECTOR	0.17	Director	$0	$0	$0
JOSE GARCIA	STATE DIRECTOR/LIFE DIRECTOR	5.69	Director	$0	$0	$0
BARNEY BROCK	ALTERNATE STATE DIRECTOR/LIFE DIRECTOR	0.54	Director	$0	$0	$0
CHUCK DENNIS	LIFE DIRECTOR	0.00	Director	$0	$0	$0
JUSTIN HOLCOMB	PRESIDENT	3.02	Officer	$0	$0	$0
CHAD HUGHES	VICE PRESIDENT	0.19	Officer	$0	$0	$0
CINDY DAVID	ASSOCIATE VICE PRESIDENT	0.25	Officer	$0	$0	$0
MICHAEL GRASSI	TREASURER	0.38	Officer	$0	$0	$0
KLAYTON HOFF	SECRETARY	0.31	Officer	$0	$0	$0
TERI GIBSON	EXECUTIVE VICE PRESIDENT	40.00	Officer	$53,700	$0	$53,700

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	$455,233	$441,359	$167,889	$13,874
2023	$161,058	$184,477	$366,264	$-23,419
2022	$202,682	$192,470	$388,444	$10,212
2021	$456,181	$376,030	$191,524	$80,151
2020	$177,699	$209,563	$147,448	$-31,864
2019	$155,395	$156,486	$118,950	$-1,091
2018	$155,980	$155,729	$120,654	$251

NORTH TEXAS HOME BUILDERS ASSOCIATION