NORTH ALABAMA HOMEBUILDING ACADEMY INC (EIN 841915950) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

SCOTT DEAN

Tax Period

2023-10-01 to 2024-09-30

NORTH ALABAMA HOMEBUILDING ACADEMY INC, founded in 2019, is a small nonprofit in the Education sector that reported $234K in total revenue in fiscal year 2020. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $282K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE HANDS-ON, SHORT-TERM TRAINING TO INDIVIDUALS SEEKING TO ENTER INTO THE RESIDENTIAL CONSTRUCTION INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $547,429

Program Service Revenue $10,698

Investment Income $10,330

Other Revenue $0

TOTAL REVENUE $568,457

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $241,847

Fundraising Expenses $4,035

Program Expenses $385,142

Other Expenses $261,856

TOTAL EXPENSES $508,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,457	$463,194	+0.2%
Expenses	$508,703	$461,963	+0.1%
Net Income	$59,754	$1,231	+47.5%

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

$82,958

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS E DAVIS JR	ADMINISTRATOR	38.00	Officer	$80,010	$2,948	$82,958
JOSH STEELE	DIRECTOR	5.00	Director	$0	$0	$0
JIMMY JONES	DIRECTOR	5.00	Director	$0	$0	$0
LARRY DURHAM	DIRECTOR	5.00	Director	$0	$0	$0
THERESA KENNEDY	DIRECTOR	5.00	Director	$0	$0	$0
DON SPURLIN	DIRECTOR	5.00	Director	$0	$0	$0
KENNETH CHANDLER	DIRECTOR	5.00	Director	$0	$0	$0
GREG KOGER	DIRECTOR	5.00	Director	$0	$0	$0
TREVOR COLE	DIRECTOR	5.00	Director	$0	$0	$0
JASON BUTLER	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS BELEW	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ANDREA PASEUR	SECRETARY	5.00	Officer Director	$0	$0	$0
SCOTT DEAN	CHAIR	9.00	Officer Director	$0	$0	$0
SAM BRYAN	HMCBA PRESIDENT	5.00	Officer Director	$0	$0	$0
READ CRAWFORD	TREASURER	5.00	Officer 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	$568,457	$508,703	$492,602	$59,754
2023	$463,194	$461,963	$341,370	$1,231
2022	$366,079	$372,203	$344,865	$-6,124
2021	$541,096	$329,198	$340,395	$211,898
2020	$233,930	$281,595	$128,497	$-47,665

NORTH ALABAMA HOMEBUILDING ACADEMY INC