GREATER HARTFORD ASSOCIATION OF RE… - 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

1920

Legal Domicile

Principal Officer

PATRICIA DEPERRY

Phone

8605611800

Tax Period

2024-01-01 to 2024-12-31

GREATER HARTFORD ASSOCIATION OF REALTORS, founded in 1920, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 6% surplus.

Mission

TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTEREST.

Program Service Accomplishments

Program 1

THE CORPORATION PROVIDES SERVICES TO REALTORS IN THE CENTRAL CONNECTICUT AREA. MEMBERS ARE OFFERED BOOKS, BULLETINS, PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION, SUPPLIES, AND OTHER TYPES OF...

THE CORPORATION PROVIDES SERVICES TO REALTORS IN THE CENTRAL CONNECTICUT AREA. MEMBERS ARE OFFERED BOOKS, BULLETINS, PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION, SUPPLIES, AND OTHER TYPES OF SUPPORTING SERVICES, INCLUDING USE OF TECHNOLOGY PRODUCTS, LEGAL FORMS AND CONTRACT SOFTWARE FOR REAL ESTATE TRANSACTIONS.

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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 $0

Program Service Revenue $2,490,015

Investment Income $148,592

Other Revenue $83,078

TOTAL REVENUE $2,721,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,126,420

Fundraising Expenses $0

Other Expenses $1,434,775

TOTAL EXPENSES $2,561,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,721,685	$2,759,428	0.0%
Expenses	$2,561,195	$2,483,162	+0.0%
Net Income	$160,490	$276,266	-0.4%

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

140

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

$158,873

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY CALLANAN	CEO	40.00	Officer	$158,873	$0	$158,873
LESLIE BLASER	DIRECTOR	2.00	Director	$0	$0	$0
LINDA BYRNE	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA CLERICE	FIRST VICE P	5.00	Officer Director	$0	$0	$0
DEANNA CROOKS	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
PATRICIA DEPERRY	PRESIDENT	5.00	Officer Director	$0	$0	$0
DJ DUBE	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE GREEN	DIRECTOR	2.00	Director	$0	$0	$0
MARNI LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH MALONE	DIRECTOR	2.00	Director	$0	$0	$0
STACY MCGRIFF-HODGES	DIRECTOR	2.00	Director	$0	$0	$0
LUCAS NASH	DIRECTOR	2.00	Director	$0	$0	$0
DHAVAL PATEL	DIRECTOR	2.00	Director	$0	$0	$0
NASHA RHONE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SARTIRANA	PRESIDENT -	5.00	Officer Director	$0	$0	$0
ALLAN SMITH	DIRECTOR	2.00	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	$2,721,685	$2,561,195	$7,695,084	$160,490
2023	$2,759,428	$2,483,162	$7,508,300	$276,266
2022	$2,842,107	$2,337,808	$6,721,263	$504,299
2021	$2,757,367	$2,394,285	$6,459,412	$363,082
2020	$2,261,411	$2,100,982	$6,009,316	$160,429
2019	$2,283,659	$2,146,175	$5,099,649	$137,484
2018	$2,520,658	$2,091,569	$4,875,757	$429,089

GREATER HARTFORD ASSOCIATION OF REALTORS