Home Builders Association of SW Co… - 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

1995

Legal Domicile

Principal Officer

Douglass Field

Phone

9703820082

Tax Period

2021-01-01 to 2021-12-31

Home Builders Association of SW Colorado, founded in 1995, is a small nonprofit that reported $173K in total revenue in fiscal year 2021. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $227K exceeded revenue, resulting in a 32% operating deficit.

Mission

To serve as the voice of the building industry in Southwest Colorado through advocacy, education, membership, and community.

Program Service Accomplishments

Program 1

Expenses: $81,704 Revenue: $52,798

HBASC builds relationships with fellow members at membership meetings, special events, committee meetings, and education sessions. Members spend time with people who have shared interests in the...

HBASC builds relationships with fellow members at membership meetings, special events, committee meetings, and education sessions. Members spend time with people who have shared interests in the industry through our special interest councils.

Program 2

Expenses: $7,524 Revenue: $2,100

The HBASC keeps members informed on issues in the City of Durango and La Plata County while working with their agencies on local industry regulation. In addition, the HBASC provides varied...

The HBASC keeps members informed on issues in the City of Durango and La Plata County while working with their agencies on local industry regulation. In addition, the HBASC provides varied educational programs to meet each of its business members' needs. National and State Association dues go to support educational and advocacy activities.

Program 3

Expenses: $6,117

The HBASC actively supports and gives back to the community through its Community Investment Partners through economic development projects, scholarships, workshops and other activities. The HBASC...

The HBASC actively supports and gives back to the community through its Community Investment Partners through economic development projects, scholarships, workshops and other activities. The HBASC Trades N Training Program provides students the opportunity to gain experience & certification in a variety of construction-related trades including carpentry, electrical, plumbing, building construction technology, and others. Funding for these activities is provided through member support of its special events.

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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 (2021)

Revenue Breakdown

Contributions & Grants $44,087

Program Service Revenue $66,073

Investment Income $46

Other Revenue $62,476

TOTAL REVENUE $172,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,775

Fundraising Expenses $0

Program Expenses $95,345

Other Expenses $147,721

TOTAL EXPENSES $227,496

Year-over-Year Comparison

	2021	2020	Change
Revenue	$172,682	$86,326	+1.0%
Expenses	$227,496	$188,307	+0.2%
Net Income	$-54,814	$-101,981	-0.5%

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

$67,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebekah Delamare	Executive Dir.	40.00	Officer	$67,499	$0	$67,499
Adam Hirshberg	President	3.00	Officer Director	$0	$0	$0
Russ Smith	Director	1.00	Director	$0	$0	$0
Aaron Hobart	Vice President	3.00	Officer Director	$0	$0	$0
Douglass Field	Treasurer	3.00	Officer Director	$0	$0	$0
Lonna Larson	Director	1.00	Director	$0	$0	$0
Kyle Hanson	Director	1.00	Director	$0	$0	$0
Brooke Guardiola	Director	1.00	Director	$0	$0	$0
Ian Horn	Director	1.00	Director	$0	$0	$0
Robin Henry	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
2021	$172,682	$227,496	$147,336	$-54,814
2019	$242,778	$285,020	$152,396	$-42,242
2018	$277,681	$273,273	$188,952	$4,408

Home Builders Association of SW Colorado