MASSACHUSETTS ASSOCIATION OF REALTORS INC (EIN 041591030) - 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

1991

Legal Domicile

Principal Officer

THERESA HATTON

Phone

7818903700

Tax Period

2025-01-01 to 2025-12-31

MASSACHUSETTS ASSOCIATION OF REALTORS INC, founded in 1991, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 25% operating margin.

Mission

PROVIDE INFORMATION AND EDUCATION SERVICES TO MEMBERS. PERFORM SERVICES FOR MEMBERS IN CONCERT WITH LOCAL AND NATIONAL ASSOCIATIONS OF REALTORS INCLUDING THE PROMOTION OF PROGRAMS DESIGNED TO ENHANCE THE REALTORS' ABILITY TO CONDUCT THEIR BUSINESS. PROGRAMS FOCUS ON LEADERSHIP, COMMUNICATIONS, EDUCATION, GOVERNMENT AFFAIRS, CONVENTIONS AND MEETINGS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,417,161

Investment Income $1,244,762

Other Revenue $302,229

TOTAL REVENUE $5,964,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,239,385

Fundraising Expenses $0

Other Expenses $2,259,768

TOTAL EXPENSES $4,499,153

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,964,152	$5,473,194	+0.1%
Expenses	$4,499,153	$4,323,213	+0.0%
Net Income	$1,464,999	$1,149,981	+0.3%

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

312

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

$423,185

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN KEEGAN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
AMY WALLICK	DIRECTOR	1.00	Officer Director	$0	$0	$0
SARAH GUSTAFSON	PRESIDENT	1.00	Officer Director	$2,500	$0	$2,500
MICHAEL C DELUCA	TREASURER	1.00	Officer Director	$0	$0	$0
DAWN M RUFFINI	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN W RAY	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE C TOMKIEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY A ALLARD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN J MEDEIROS	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
CHARITY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA DAVIDS	DIRECTOR	1.00	Director	$0	$0	$0
QUINCY CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
MONICA DONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT W SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
MARIE A PRESTI	DIRECTOR	1.00	Director	$0	$0	$0
KATE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JULE	DIRECTOR	1.00	Director	$0	$0	$0
D GARY ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS A GERANIOS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY LAMACCHIA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY R KIELY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MARIE	DIRECTOR	1.00	Director	$0	$0	$0
SHAHAN MISSAGHIAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA C PARENTEAU	DIRECTOR	1.00	Director	$0	$0	$0
ALISON M SOCHA	DIRECTOR	1.00	Director	$0	$0	$0
JEAN M RUBIN	DIRECTOR	1.00	Director	$0	$0	$0
JANET MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
ERICA SWALLOW	DIRECTOR	1.00	Director	$0	$0	$0
SERENA LOPICCOLO-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NOYES	DIRECTOR	1.00	Director	$0	$0	$0
NATE D DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
CHERIE BENOIT	DIRECTOR	1.00	Director	$0	$0	$0
JULIE OCHS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM R DERMODY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PERENICK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BAYLISS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY A CATALLO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL PERSON	DIRECTOR	1.00	Director	$0	$0	$0
HENRY PIZZO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ROCHON	DIRECTOR	1.00	Director	$0	$0	$0
TODD MACHNIK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M PERETTI	DIRECTOR	1.00	Director	$0	$0	$0
JOSELIN MALKHASIAN	DIRECTOR	1.00	Director	$0	$0	$0
AMLETO MARTOCCHIA	DIRECTOR	1.00	Director	$0	$0	$0
MELODY SKYE ROLOFF	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE L THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL KING	DIRECTOR	1.00	Director	$0	$0	$0
PETER RUFFINI	DIRECTOR	1.00	Director	$0	$0	$0
MARK A TRIGLIONE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SEAVER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
JARED C WILK	DIRECTOR	1.00	Director	$0	$0	$0
JAN L PELLEGRINI	DIRECTOR	1.00	Director	$0	$0	$0
RONALD CARPENITO	DIRECTOR	1.00	Director	$0	$0	$0
NEILY SOTO	DIRECTOR	1.00	Director	$0	$0	$0
ADELINE MATTON	DIRECTOR	1.00	Director	$0	$0	$0
TYSON LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
ERIN BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
KATEY TATA	DIRECTOR	1.00	Director	$0	$0	$0
RYAN T COOK	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE I COX	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL TRISTANO	DIRECTOR	1.00	Director	$0	$0	$0
LENNY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SILVA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRODEUR	DIRECTOR	1.00	Director	$0	$0	$0
KAMRYN WILLIS-DUBOIS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE B MECZYWOR	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ARIENTI	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE BLAIR	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY BRONHARD	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CURRAN MCSWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
LISA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
THERESA HATTON	CEO/EXECUTIVE VP & DIR.	35.00	Officer	$364,987	$55,698	$420,685
JUSTIN DAVIDSON	GEN'L COUNSEL & DIR. GOV'T AFFAIRS	35.00	Highest	$217,744	$18,315	$236,059
LESLIE RICHMOND	DIR. MEMBER ENGAGEMENT & MARKETING	35.00	Highest	$169,183	$33,317	$202,500
TINA DIXON	CONTROLLER	35.00	Highest	$151,749	$30,442	$182,191
COLEMAN LYNDS	GOVERNMENT AFFAIRS MANAGER	35.00	Highest	$107,072	$12,762	$119,834

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
2025	$5,964,152	$4,499,153	$19,643,379	$1,464,999
2024	$5,473,194	$4,323,213	$18,126,338	$1,149,981
2023	$5,753,222	$4,783,326	$17,530,148	$969,896
2022	$5,003,996	$4,491,860	$16,224,239	$512,136
2021	$5,237,756	$4,180,754	$16,699,943	$1,057,002
2020	$4,573,823	$4,065,580	$14,139,088	$508,243
2019	$4,967,439	$3,941,572	$12,325,659	$1,025,867
2018	$4,646,864	$4,266,707	$11,191,294	$380,157

MASSACHUSETTS ASSOCIATION OF REALTORS INC