GREATER FORT WORTH REAL ESTATE COUNCIL

EIN: 202197498 Community Improvement

FORT WORTH, TX

Total Revenue
$718,667
Total Expenses
$706,050
Total Assets
$399,048
Net Assets
$335,954
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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
2005
Legal Domicile
TX
Principal Officer
TRAVIS CLEGG
Phone
8174801060
Tax Period
2024-06-01 to 2025-05-31

GREATER FORT WORTH REAL ESTATE COUNCIL, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $719K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE REAL ESTATE COUNCIL OF GREATER FORT WORTH (REC OF GFW) IS THE UNIFIED VOICE FOR THE COMMERCIAL REAL ESTATE INDUSTRY - INFLUENCING ACTION AND SUPPORTING CHANGE TO ACCOMPLISH LONG-TERM JOB GROWTH AND AN ENHANCED QUALITY OF LIFE IN OUR REGION.

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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 $506,367
Investment Income $9,848
Other Revenue $202,452
TOTAL REVENUE $718,667

Expense Breakdown

Grants Paid $56,000
Salaries & Benefits $142,720
Fundraising Expenses $0
Other Expenses $507,330
TOTAL EXPENSES $706,050

Year-over-Year Comparison

2024 2023 Change
Revenue $718,667 $559,249 +0.3%
Expenses $706,050 $473,735 +0.5%
Net Income $12,617 $85,514 -0.9%
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
23
Independent Members
23
Employees
N/A
Volunteers
120

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
5
$142,720
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN VERMAIRE FOX EXECUTIVE DIRECTOR 38.00
Officer
$142,720 $0 $142,720
CARLO ANDREANI BOARD MEMBER 1.00
Director
$0 $0 $0
SCOT BENNETT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID G CAMPBELL AIA BOARD MEMBER 1.00
Director
$0 $0 $0
MARK DABNEY AIA NCARB BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN W GEBREN BOARD MEMBER 1.00
Director
$0 $0 $0
DREW MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
GINGER JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH E LANCARTE BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA LUERA BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF POSTELL BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN RUSSELL PE BOARD MEMBER 1.00
Director
$0 $0 $0
KERBY SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
CASEY TOUNGET BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
KIM COLE BOARD MEMBER 1.00
Director
$0 $0 $0
BOWIE HOLLAND BOARD MEMBER 1.00
Director
$0 $0 $0
PAXTON MOTHERAL BOARD MEMBER 1.00
Director
$0 $0 $0
ISAAC MANNING CHAIR APPOINTMENT 1.00
Director
$0 $0 $0
RACHEL NAVEJAR PHILLIPS CHAIR APPOINTMENT 1.00
Director
$0 $0 $0
KENNETH BARR PAST CHAIR 1.00
Officer Director
$0 $0 $0
JOEL HEYDENBURK PAST CHAIR 1.00
Officer Director
$0 $0 $0
TRAVIS CLEGG CHAIRMAN 10.00
Officer Director
$0 $0 $0
RICK JENKINS TREASURER 1.00
Officer 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
2025 $718,667 $706,050 $399,048 $12,617
2024 $559,249 $473,735 $458,791 $85,514
2023 $484,697 $484,342 $336,637 $355
2022 $411,364 $438,082 $410,331 $-26,718
2021 $352,506 $292,834 $395,632 $59,672
2020 $340,464 $303,537 $311,427 $36,927
2019 $378,433 $398,752 $295,195 $-20,319
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