NORTH CENTRAL MASSACHUSETTS ASSOCIATION OF REALTORS INC (EIN 042374565) - 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

1960

Legal Domicile

Principal Officer

KATHY LORE

Phone

9783452531

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL MASSACHUSETTS ASSOCIATION OF REALTORS INC, founded in 1960, is a small nonprofit that reported $190K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $218K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO STRENGTHEN THE REALTOR IMAGE AND VALUE TO THE COMMUNITY, MAINTAIN THE HIGHEST STANDARDS OF ETHICS AND PROFESSIONALISM, PROVIDE BENEFITS TO ASSIST MEMBERS IN ACHIEVING PROFESSIONAL GOALS AND ADVOCATE FOR THE PRESERVATION OF PRIVATE PROPERTY RIGHTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $154,184

Program Service Revenue $20,263

Investment Income $120

Other Revenue $15,320

TOTAL REVENUE $189,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,063

Fundraising Expenses $0

Program Expenses $124,576

Other Expenses $89,600

TOTAL EXPENSES $217,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,887	$202,978	-0.1%
Expenses	$217,663	$228,073	0.0%
Net Income	$-27,776	$-25,095	+0.1%

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

N/A

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

$90,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATEY TATA	SECRETARY	3.00	Officer Director	$0	$0	$0
NICHOLAS PELLETIER	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
SHAUNA ROBERTS	TREASURER	2.00	Officer Director	$0	$0	$0
JEAN RUBIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENISE WORTMAN	DIRECTOR	2.00	Director	$0	$0	$0
SOPHIA BELL	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN WRIGHT	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
KATHY LORE	EXECUTIVE DIRECTOR	40.00	Officer	$90,915	$0	$90,915

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	No data	No data	No data	No data
2023	$189,887	$217,663	$237,142	$-27,776
2022	$202,978	$228,073	$256,913	$-25,095
2021	$205,607	$198,926	$293,890	$6,681
2020	$191,799	$183,900	$282,937	$7,899
2019	$209,832	$186,622	$249,116	$23,210
2018	$195,636	$177,935	$285,602	$17,701

NORTH CENTRAL MASSACHUSETTS ASSOCIATION OF REALTORS INC