Housing & Building Association of Colorado Springs/Pikes Peak Region (EIN 840426532) - 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

1954

Legal Domicile

Principal Officer

Marla Novak

Phone

7195921800

Tax Period

2024-01-01 to 2024-12-31

Housing & Building Association of Colorado Springs/Pikes Peak Region, founded in 1954, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $2.2M left a modest 6% surplus.

Mission

The Housing and Building Association of Colorado Springs is committed to promoting policies that allow for the production of safe and attainable housing and to enhancing the environment for the housing and building industry in El Paso County.

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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 $898,995

Program Service Revenue $1,212,491

Investment Income $32,457

Other Revenue $154,382

TOTAL REVENUE $2,298,325

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $1,171,863

Fundraising Expenses $41,438

Program Expenses $1,545,330

Other Expenses $946,130

TOTAL EXPENSES $2,160,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,298,325	$2,679,881	-0.1%
Expenses	$2,160,931	$2,192,909	0.0%
Net Income	$137,394	$486,972	-0.7%

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

400

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

$449,387

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Reyner	President	4.00	Director	$0	$0	$0
Chad Thurber	Immediate Past President	1.00	Officer Director	$0	$0	$0
Thomas Garmong	President-Elect	2.00	Director	$0	$0	$0
Carrie Bartow	Director	1.00	Officer Director	$0	$0	$0
Andrea Barlow	Director	1.00	Director	$0	$0	$0
Andy Merritt	Director	1.00	Director	$0	$0	$0
Aric Jones	Director	1.00	Director	$0	$0	$0
BJ Hybl	Director	1.00	Director	$0	$0	$0
Blake Green	Director	1.00	Director	$0	$0	$0
Bryan Long	Director	1.00	Director	$0	$0	$0
Daniel Jarboe	Director	1.00	Director	$0	$0	$0
David Thompson	Director	1.00	Director	$0	$0	$0
Dustin Nelson	Director	1.00	Director	$0	$0	$0
Edward Gonzalez	Director	1.00	Director	$0	$0	$0
Eric Hunter	Director	1.00	Director	$0	$0	$0
Grace Covington	Director	1.00	Director	$0	$0	$0
Gregory Shaner	Director	1.00	Director	$0	$0	$0
Heather Hoppe	Director	1.00	Director	$0	$0	$0
Jerry Novak	Director	1.00	Director	$0	$0	$0
Joe Loidolt	Director	1.00	Director	$0	$0	$0
Kevin Walker	Director	1.00	Director	$0	$0	$0
Kyle Campbell	Director	1.00	Director	$0	$0	$0
Lain Chappell	Director	1.00	Director	$0	$0	$0
Loren Moreland	Director	1.00	Director	$0	$0	$0
Mark Long	Director	1.00	Director	$0	$0	$0
Michael Suggs	Director	1.00	Director	$0	$0	$0
Mike DeGrant	Director	1.00	Director	$0	$0	$0
Mike Fenton	Director	1.00	Director	$0	$0	$0
Randy Case II	Director	1.00	Director	$0	$0	$0
Richard van Seenus	Director	1.00	Director	$0	$0	$0
Ryan Klein	Director	1.00	Director	$0	$0	$0
Shane Nease	Director	1.00	Director	$0	$0	$0
Skip Howes CGBCGPCAPS CSP	Director	1.00	Director	$0	$0	$0
Tye Tutt	Director	1.00	Director	$0	$0	$0
Danielle Doyle	Director (thru July 2024)	1.00	Director	$0	$0	$0
Renee Zentz	CEO	60.00	Officer	$422,078	$27,309	$449,387
Marla Novak	Employee	40.00	Highest	$130,149	$9,725	$139,874

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	$2,298,325	$2,160,931	$2,598,274	$137,394
2023	$2,679,881	$2,192,909	$2,499,736	$486,972
2022	$2,807,067	$2,398,946	$2,097,143	$408,121
2021	$1,429,314	$1,323,312	$1,762,666	$106,002
2020	$1,417,089	$1,465,900	$1,447,655	$-48,811
2019	$1,496,294	$1,591,551	$1,425,319	$-95,257
2018	$2,047,451	$2,043,657	$1,696,733	$3,794

Housing & Building Association of Colorado Springs/Pikes Peak Region