NATIONAL REAL ESTATE TENANTS ASSOCIATION INC

EIN: 223517500

CARMEL, NY

Total Revenue
$698,172
Total Expenses
$580,819
Total Assets
$544,758
Net Assets
$451,856
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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
1997
Legal Domicile
NY
Principal Officer
LISA KRIZEK
Phone
4134276276
Tax Period
2023-01-01 to 2023-12-31

NATIONAL REAL ESTATE TENANTS ASSOCIATION INC, founded in 1997, is a small nonprofit that reported $698K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 17% operating margin.

Mission

TO FOSTER AND PROMOTE EQUITABLE ADMINISTRATION OF COMMERCIAL LEASES AND ASSOCIATED EXPENSES

Program Service Accomplishments

Program 1

THE ORGANIZATION HELD AN ANNUAL CONFERENCE RELATING TO THE ADMINISTRATION OF LEASES

Program 2

THE ORGANIZATION CREATED EDUCATIONAL CONTENT RELATED (CLASSROOM LIVE) TO THE ADMINISTRATION OF LEASES AND MADE IT AVAILABLE TO MEMBERSHIP AND OTHERS FOR A FEE.

Program 3

THE ORGANIZATION CREATED AN CERTIFICATE PROGRAM FOR THE ADMINISTRATION OF LEASES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $77,819
Program Service Revenue $595,569
Investment Income $24,784
Other Revenue $0
TOTAL REVENUE $698,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $195,312
Fundraising Expenses $0
Other Expenses $385,507
TOTAL EXPENSES $580,819

Year-over-Year Comparison

2023 2022 Change
Revenue $698,172 $646,387 +0.1%
Expenses $580,819 $542,616 +0.1%
Net Income $117,353 $103,771 +0.1%
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
11
Independent Members
10
Employees
2
Volunteers
13

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
$108,000
Total Directors
10
$0
Key Employees
1
$108,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE RAVEL PRESIDENT 2.00
Officer Director
$0 $0 $0
GEORGE ELEFTHER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CALEB SMITH TREASURER 2.00
Officer Director
$0 $0 $0
PAM MYERS SECRETARY 2.00
Officer Director
$0 $0 $0
GLENN BROWNE GOVERNOR 2.00
Director
$0 $0 $0
FREDERICK BUSCH GOVERNOR 2.00
Director
$0 $0 $0
MELISSA HEISSE GOVERNOR 2.00
Director
$0 $0 $0
KATHY POWERS-MIDDLECOOP GOVERNOR 2.00
Director
$0 $0 $0
SUE REBELO GOVERNOR 2.00
Director
$0 $0 $0
KIMBERLY WILLIAMS GOVERNOR 2.00
Director
$0 $0 $0
MOE LALIBERTE PAST PRESIDENT 2.00
$0 $0 $0
LISA KRIZEK EXECUTIVE DIRECTOR 40.00
Officer Key Emp Highest
$108,000 $0 $108,000
PAUL KINNEY PAST EXECUTIVE DIRECTOR 2.00
$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 No data No data No data No data
2023 $698,172 $580,819 $544,758 $117,353
2022 $646,387 $542,616 $408,882 $103,771
2021 $177,277 $204,105 $272,760 $-26,828
2020 $155,335 $322,577 $287,064 $-167,242
2019 $613,012 $564,660 $443,976 $48,352
2018 $510,299 $543,463 $386,082 $-33,164
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