GREATER BRIDGEPORT BOARD OF REALTO… - 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

1951

Legal Domicile

Principal Officer

JUSTIN BETTE

Phone

2038805661

Tax Period

2023-01-01 to 2023-12-31

GREATER BRIDGEPORT BOARD OF REALTORS INC, founded in 1951, is a small nonprofit that reported $609K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $174K, a strong 29% operating margin.

Mission

THE MISSION OF THE GREATER BRIDGEPORT BOARD OF REALTORS IS TO: EDUCATE AND PROMOTE SUCCESS STRATEGIES FOR ALL ITS MEMBERS; MAINTAIN THE HIGHEST STANDARDS OF ETHICS AND INTEGRITY THROUGH ENFORCEMENT OF THE REALTORS CODE OF ETHICS; ADVOCATE ON BEHALF OF THE INTERESTS OF THE PRIVATE PROPERTY OWNERS AND PROMOTE REALTORS AS PROFESSIONALS ESSENTIAL TO THE REAL ESTATE TRANSACTION.

Program Service Accomplishments

Program 1

PROVIDE SERVICES SUCH AS DEVELOPMENT AND DISTRIBUTION OF VARIOUS FORMS, AND DISTRIBUTION OF MANUAL & ELECTRONIC LOCKBOXES & KEYS. FACILITATE MEMBERS' PARTICIPATION WITH THE MULTIPLE LISTING SERVICE.

Program 2

ACT AS A CLEARINGHOUSE OF INFORMATION FROM THE NATIONAL ASSOCIATION AND CONNECTICUT ASSOCIATION OF REALTORS. COMMUNICATE TO MEMBERSHIP BY PERIODIC NEWSLETTERS, FAXES AND EMAILS.

Program 3

PARTICIPATE IN SYNERGISTIC RELATIONSHIPS WITH SERVICE PROVIDERS, VENDORS AND CONTRACTORS AS WELL AS WITH LOCAL MEDIA AND COMMUNITY GROUPS, E.G. REGIONAL BUSINESS COUNCIL.

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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 $0

Program Service Revenue $474,446

Investment Income $19,675

Other Revenue $115,225

TOTAL REVENUE $609,346

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $183,509

Fundraising Expenses $0

Other Expenses $246,145

TOTAL EXPENSES $435,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,346	$508,675	+0.2%
Expenses	$435,654	$467,480	-0.1%
Net Income	$173,692	$41,195	+3.2%

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

Governance

Voting Members

Independent Members

N/A

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

$133,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN BETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RON BOUFFORD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN BEVACQUA	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
PHILIP HADDEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
LYNNE SALTA	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEBORAH LOBAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
JUAN CARLOS GARCIA	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL DEVITTO	TREASURER	1.00	Officer Director	$0	$0	$0
TRACEY ROBALLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
GEORGE ALBERTO	DIRECTOR	1.00	Officer Director	$0	$0	$0
PETER GRAY	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVE JONES	DIRECTOR	1.00	Officer Director	$0	$0	$0
TOM SLEKIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
MIA CAPELA	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHARLES SCOTT	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL PLONSKI	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBERT MARINACCIO	ASSOCIATION EXECUTIVE	60.00	Officer	$133,500	$0	$133,500

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	$609,346	$435,654	$2,849,683	$173,692
2022	$508,675	$467,480	$2,352,929	$41,195
2021	$647,443	$414,540	$2,340,923	$232,903
2020	$561,976	$437,479	$2,137,412	$124,497
2019	$455,610	$403,151	$2,034,500	$52,459
2018	$504,730	$382,699	$2,007,334	$122,031

GREATER BRIDGEPORT BOARD OF REALTORS INC