HOME BUILDERS ASSOCIATION OF METRO… - 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

1943

Legal Domicile

Principal Officer

TED LEIGHTY

Phone

3037781400

Tax Period

2023-01-01 to 2023-12-31

HOME BUILDERS ASSOCIATION OF METROPOLITAN DENVER, founded in 1943, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ORGANIZED FOR THE PURPOSE OF IMPROVING CONDITIONS IN THE HOME BUILDING INDUSTRY, THEREBY ASSISTING IN THE IMPROVEMENT OF THE SOCIAL, POLITICAL, AND ECONOMIC CONDITIONS IN BOTH THE DENVER METROPOLITAN REGION AND THE STATE OF COLORADO.

Program Service Accomplishments

Program 1

BUILDER AND MEMBER EVENT PRESENTED TO THE PUBLIC FOR THE PURPOSE OF SHOWCASING THE MOST RECENT BUILDING TECHNIQUES AND PRODUCTS AVAILABLE IN THE INDUSTRY. T

Program 2

SEMINARS, MEETINGS, AND DINNERS HELD TO EDUCATE AND INFORM OUR MEMBERS ABOUT CURRENT DEVELOPMENTS, ISSUES AND TRENDS IN THE HOME BUILDINGINDUSTRY.

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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 $347,350

Program Service Revenue $1,596,432

Investment Income $20,237

Other Revenue $20,894

TOTAL REVENUE $1,984,913

Expense Breakdown

Grants Paid $149,662

Salaries & Benefits $946,723

Fundraising Expenses $0

Other Expenses $891,020

TOTAL EXPENSES $1,987,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,984,913	$1,788,302	+0.1%
Expenses	$1,987,405	$1,841,864	+0.1%
Net Income	$-2,492	$-53,562	-1.0%

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

217

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

$169,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED LEIGHTY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$150,500	$18,746	$169,246
CONSTANCE DAHL	VICE PRESIDENT OF MEMBER SERVICES	40.00	Highest	$109,594	$37,226	$146,820
MORGAN CULLEN	DIRECTOR OF GOVERNMENT AFFAIRS	40.00	Highest	$111,218	$15,299	$126,517
RANDY CARPENTER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE LEMNAH	PRESIDENT - ELECT	2.00	Officer Director	$0	$0	$0
SARA DIERINGER	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
JASON BROWN	VICE PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
BETH AVEDIS	COUNCIL BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DEVIN BUNDY	DIRECTOR	1.00	Director	$0	$0	$0
REGGIE CARVETH	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
TIM CRAFT	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP CROSS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP EIDENSCHINK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
AARON FOY	DIRECTOR	1.00	Director	$0	$0	$0
NATASHA GANDHI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HANSON	DIRECTOR	1.00	Director	$0	$0	$0
KEN HIGGINSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIN HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
PAT IFFRIG	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JOHNK	DIRECTOR	1.00	Director	$0	$0	$0
GREG KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
RICK LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
JAY MANKAMYER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCGOVERN	PAST PRESIDENT	1.00	Director	$0	$0	$0
JESUS MONTELONGO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MYERS	DIRECTOR	1.00	Director	$0	$0	$0
KATE POURHASSANIAN	DIRECTOR	1.00	Director	$0	$0	$0
HAYLEY SELDEN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
FRANK WALKER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WERNER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WOOD	DIRECTOR	1.00	Director	$0	$0	$0

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	$1,984,913	$1,987,405	$1,446,505	$-2,492
2022	$1,788,302	$1,841,864	$1,439,027	$-53,562
2021	$1,786,767	$1,544,594	$1,428,765	$242,173
2020	$1,066,258	$966,603	$1,195,998	$99,655
2019	$1,842,217	$1,737,919	$1,045,683	$104,298
2018	$2,077,125	$2,175,434	$889,152	$-98,309

HOME BUILDERS ASSOCIATION OF METROPOLITAN DENVER