HOME BUILDERS ASSOCIATION OF TRI C… - 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

1958

Legal Domicile

Phone

5097352745

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF TRI CITIES WASHINGTON, founded in 1958, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $285K, a strong 23% operating margin.

Mission

ASSIST MEMBERS OF THE RESIDENTIAL CONSTRUCTION INDUSTRY AND RELATED BUSINESSES CAN CONDUCT THEIR BUSINESSES EFFICIENTLY AND ETHICALLY TO PROVIDE OUR COMMUNITY WITH RELIABLE AND AFFORDABLE HOMES. HBA MONITORS GOVERNMENT AFFAIRS CONCERNING LAND USE, THE ENVIRONMENT, AFFORDABLE HOUSING AND BUILDING CODES AND PROMOTING BALANCE POLICIES THAT ACCOMMODATE RESPONSIBLE FREE-MARKET DEMAND AND CONSUMER CHOICE.

Program Service Accomplishments

Program 1

SUPPORTS OVER 600 MEMBERS WITH A ROBUST SUITE OF SERVICES THAT INCLUDE ADVOCACY AT THE LOCAL, STATE, AND NATIONAL LEVELS TO PROMOTE PRO-BUILDING POLICIES AND CANDIDATES. MEMBERS GAIN ACCESS TO...

SUPPORTS OVER 600 MEMBERS WITH A ROBUST SUITE OF SERVICES THAT INCLUDE ADVOCACY AT THE LOCAL, STATE, AND NATIONAL LEVELS TO PROMOTE PRO-BUILDING POLICIES AND CANDIDATES. MEMBERS GAIN ACCESS TO AFFORDABLE HEALTH INSURANCE THROUGH BIAW'S PURCHASING ALLIANCE AND BENEFIT FROM SAFETY INCENTIVES VIA THE ROII PROGRAM, EDUCATIONAL OPPORTUNITES, BUILDING PERMIT LISTS, ADVERTISING PLATFORMS, COMMITTEE PARTICIPATION, CREDIBILITY TOOLS, ACCESS TO REFERENCE MATERIALS, LIEN FILING RESOURCES, AND SCHOLARSHIP OPPORTUNITIES.

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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 $151,475

Program Service Revenue $804,777

Investment Income $68,263

Other Revenue $239,424

TOTAL REVENUE $1,263,939

Expense Breakdown

Grants Paid $27,708

Salaries & Benefits $529,592

Fundraising Expenses $0

Other Expenses $422,093

TOTAL EXPENSES $979,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,263,939	$861,535	+0.5%
Expenses	$979,393	$1,026,878	0.0%
Net Income	$284,546	$-165,343	-2.7%

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

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

$206,678

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF LOSEY	EXECUTIVE DIRECTOR	40.00	Officer	$172,650	$34,028	$206,678
JASON WILKINSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
GARY QUESTAD	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
JEN SCHNEIDER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JOEL TANASSE	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TRISTAN CRANDLEMIRE	DIRECTOR	0.50	Director	$0	$0	$0
TERRY HALL	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER KELLY	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN KNAPIK	DIRECTOR	0.50	Director	$0	$0	$0
DUANE LAPIERRE	DIRECTOR	0.50	Director	$0	$0	$0
KYLE LAPIERRE	DIRECTOR	0.50	Director	$0	$0	$0
MATT MAHANY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MATTSON	DIRECTOR	0.50	Director	$0	$0	$0
LOUANNE NEILL	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS THOLSTRUP	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT ROJAS	DIRECTOR	0.50	Director	$0	$0	$0
REES WASNEY	DIRECTOR	0.50	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	$1,263,939	$979,393	$4,120,540	$284,546
2023	$861,535	$1,026,878	$3,731,457	$-165,343
2022	$964,012	$938,122	$3,590,985	$25,890
2021	$920,160	$969,492	$3,820,645	$-49,332
2020	$857,013	$917,895	$3,640,519	$-60,882
2019	$1,318,682	$1,136,813	$3,657,262	$181,869
2018	$1,148,434	$988,464	$3,340,977	$159,970

HOME BUILDERS ASSOCIATION OF TRI CITIES WASHINGTON