Mid-State Association of Realtors Inc

EIN: 060955805

Plainville, CT

Total Revenue
$385,724
Total Expenses
$335,451
Total Assets
$604,614
Net Assets
$451,384
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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
1994
Phone
8607939414
Tax Period
2024-01-01 to 2024-12-31

Mid-State Association of Realtors Inc, founded in 1994, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $335K left a modest 13% surplus.

Mission

The objectives of the association are to unite those in the real estate profession for the purpose of exerting a beneficial influence upon the profession and related interests through education 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $271,519
Investment Income $15,963
Other Revenue $98,242
TOTAL REVENUE $385,724

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,300
Fundraising Expenses $0
Other Expenses $141,817
TOTAL EXPENSES $335,451

Year-over-Year Comparison

2024 2023 Change
Revenue $385,724 $423,248 -0.1%
Expenses $335,451 $337,648 0.0%
Net Income $50,273 $85,600 -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

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Governance

Voting Members
13
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shelly Meister Director 0.00
Director
$0 $0 $0
Ken Demirs Director 0.00
Director
$0 $0 $0
Derek Savoy Director 0.00
Director
$0 $0 $0
Zach Nichols Treasurer 0.00
Director
$0 $0 $0
Stanley Martone President 0.00
Director
$0 $0 $0
Sharon Rinaldi Director 0.00
Director
$0 $0 $0
Jaimie Andrews Director 0.00
Director
$0 $0 $0
Karen Diamantes Director 0.00
Director
$0 $0 $0
Gene Fercodini Director 0.00
Director
$0 $0 $0
Andrea Krawiecki Director 0.00
Director
$0 $0 $0
David Aurigemma Immed Past-Pres 0.00
Director
$0 $0 $0
Lisa Demartin President-Elect 0.00
Director
$0 $0 $0
Lana Ogrodnik Director 0.00
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 $385,724 $335,451 $604,614 $50,273
2023 $423,248 $337,648 $528,746 $85,600
2022 $384,582 $365,819 $478,911 $18,763
2021 $436,771 $340,678 $467,234 $96,093
2020 $204,052 $215,162 $501,424 $-11,110
2019 $206,547 $213,827 $281,360 $-7,280
2018 $208,288 $186,180 $251,258 $22,108
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