REALTOR ASSOCIATION OF SOUTHEASTERN MASSACHUSETTS INC

EIN: 042476529

NEW BEDFORD, MA

Total Revenue
$614,422
Total Expenses
$538,653
Total Assets
$1,153,023
Net Assets
$1,054,834
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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
1972
Legal Domicile
MA
Principal Officer
PAUL CHASSE
Phone
5089930406
Tax Period
2024-01-01 to 2024-12-31

REALTOR ASSOCIATION OF SOUTHEASTERN MASSACHUSETTS INC, founded in 1972, is a small nonprofit that reported $614K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $539K left a modest 12% surplus.

Mission

THE ORGANIZATION SEEKS TO PROMOTE AND MAINTAIN HIGH STANDARDS IN THE REAL ESTATE PROFESSION.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES A HOST OF SERVICES TO ITS MEMBERS AND REAL ESTATE PROFESSIONALS IN THE COMMUNITY, INCLUDING CONTINUING EDUCATION, PROMOTION OF PROFESSION IN PUBLIC OPINION AND RECOGNITION...

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THE ORGANIZATION PROVIDES A HOST OF SERVICES TO ITS MEMBERS AND REAL ESTATE PROFESSIONALS IN THE COMMUNITY, INCLUDING CONTINUING EDUCATION, PROMOTION OF PROFESSION IN PUBLIC OPINION AND RECOGNITION OF INDIVIDUAL ACCOMPLISHMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $428,667
Program Service Revenue $124,208
Investment Income $61,547
Other Revenue $0
TOTAL REVENUE $614,422

Expense Breakdown

Grants Paid $0
Salaries & Benefits $338,934
Fundraising Expenses $0
Other Expenses $199,719
TOTAL EXPENSES $538,653

Year-over-Year Comparison

2024 2023 Change
Revenue $614,422 $499,847 +0.2%
Expenses $538,653 $465,934 +0.2%
Net Income $75,769 $33,913 +1.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
5
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
2
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN BISHOP PRESIDENT N/A
Officer Director
$0 $0 $0
ROBERT CARON DIRECTOR N/A
Director
$0 $0 $0
RYAN COOK DIRECTOR N/A
Director
$0 $0 $0
CORY DASILVA DIRECTOR N/A
Director
$0 $0 $0
DONNA DAVIDS DIRECTOR N/A
Director
$0 $0 $0
MONICA DONNELLY DIRECTOR N/A
Director
$0 $0 $0
KAMRYN DUBOIS DIRECTOR N/A
Director
$0 $0 $0
ERIN HOVAN DIRECTOR N/A
Director
$0 $0 $0
LORI LINCOLN DIRECTOR N/A
Director
$0 $0 $0
PATRICIA MCARDLE DIRECTOR N/A
Director
$0 $0 $0
ZACHARY MCCABE DIRECTOR N/A
Director
$0 $0 $0
JOSEPH PACHECO DIRECTOR N/A
Director
$0 $0 $0
ANDREW ROMANO DIRECTOR N/A
Director
$0 $0 $0
BONNIE STINER TREASURER & N/A
Officer Director
$0 $0 $0
MARGARET TOMKIEWITZ DIRECTOR N/A
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 $614,422 $538,653 $1,153,023 $75,769
2023 $499,847 $465,934 $1,046,757 $33,913
2022 $482,172 $443,839 $976,774 $38,333
2021 $474,954 $399,650 $1,005,449 $75,304
2020 $313,524 $333,043 $935,676 $-19,519
2019 $396,417 $352,054 $963,397 $44,363
2018 $287,659 $371,745 $903,379 $-84,086
2017 $398,828 $332,672 $1,018,589 $66,156
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