ARKANSAS REALTORS ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

ANDREA S ALFORD

Phone

5012252020

Tax Period

2023-01-01 to 2023-12-31

ARKANSAS REALTORS ASSOCIATION, founded in 1925, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

TRADE ASSOCIATION ORGANIZED FOR REALTORS DOING BUSINESS IN THE STATE OF ARKANSAS. THE ASSOCIATION WAS ESTABLISHED TO PROMOTE THE REAL ESTATE INDUSTRY IN GENERAL AND TO PROVIDE EDUCATIONAL ENRICHMENT AND RISK REDUCTION FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

THE ASSOCIATION HAS PRODUCED STANDARDIZED INDUSTRY FORMS AND SOFTWARE FOR ITS MEMBERSHIP. THE PRIMARY PURPOSE IS RISK (LIABILITY) REDUCTION. THE FORMS AND SOFTWARE ARE AVAILABLE FOR SALE ONLY TO...

THE ASSOCIATION HAS PRODUCED STANDARDIZED INDUSTRY FORMS AND SOFTWARE FOR ITS MEMBERSHIP. THE PRIMARY PURPOSE IS RISK (LIABILITY) REDUCTION. THE FORMS AND SOFTWARE ARE AVAILABLE FOR SALE ONLY TO LICENSED REAL ESTATE BROKERS AND AGENTS. ELECTRONIC FORMS ARE AVAILABLE ONLY TO REALTORS WHO ARE MEMBERS OF THE ASSOCIATION. PAPER FORMS ARE AVAILABLE TO MEMBERS AND NON-MEMBERS.

Program 2

THE ASSOCIATION SPONSORS AN ANNUAL CONVENTION FOR ITS MEMBERS. THE CONVENTION INCLUDES SPEAKERS, EDUCATION SEMINARS, TABLE-TOP EXHIBITS, AND A GENERAL EXCHANGE OF IDEAS. APPROXIMATELy 684 PERSONS...

THE ASSOCIATION SPONSORS AN ANNUAL CONVENTION FOR ITS MEMBERS. THE CONVENTION INCLUDES SPEAKERS, EDUCATION SEMINARS, TABLE-TOP EXHIBITS, AND A GENERAL EXCHANGE OF IDEAS. APPROXIMATELy 684 PERSONS ATTENDED THE 2023 CONVENTION.

Program 3

MEMBER PROJECTS PRIMARILY REPRESENTS THE ANNUAL "AWARDS FOR EXCELLENCE" PROGRAM WHICH RECOGNIZES REALTOR MEMBERS MEETING CERTAIN SALES STANDARDS IN THE PRIOR YEAR. APPROXIMATELY 982 MEMBER REALTORS WERE RECOGNIZED WITH AWARDS FOR EXCELLENCE. MEMBER PROJECTS ALSO INCLUDES THE ASSOCIATION'S ANNUAL SPONSORSHIP OF FUND-RAISING CAMPAIGNS BENEFITTING THE ARKANSAS SPECIAL OLYMPICS AND HEARTS & HOMES, INC. OTHER MEMBER PROJECTS INCLUDE PROMOTION AND ADVANCEMENT OF PROFESSIONAL STANDARDS AND CONTINUING PUBLIC RELATIONS CAMPAIGNS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $2,318,222

Investment Income $37,354

Other Revenue $377,823

TOTAL REVENUE $2,748,399

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $1,273,348

Fundraising Expenses $0

Other Expenses $1,531,735

TOTAL EXPENSES $3,305,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,748,399	$2,563,325	+0.1%
Expenses	$3,305,083	$2,016,766	+0.6%
Net Income	$-556,684	$546,559	-2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$131,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA M BASS	FORMER CEO	50.00		$412,863	$15,108	$427,971
KIM ASHCRAFT	FORMER CFO	50.00		$127,852	$14,720	$142,572
AMY HAIR	INTERIM CEO	50.00	Officer	$117,928	$13,521	$131,449
MARGARET BELL	Director	2.00	Director	$0	$0	$0
KENDRA BRUCE	Director	2.00	Director	$0	$0	$0
PHILLIP JONES	Director	2.00	Director	$0	$0	$0
DEBBIE COLLINS	Director	2.00	Director	$0	$0	$0
APRIL FINDLAY	Director	2.00	Director	$0	$0	$0
KIM BYRD	Director	2.00	Director	$0	$0	$0
CINDY MEYERS	Director	2.00	Director	$0	$0	$0
MICHELLE HEILES	Director	2.00	Director	$0	$0	$0
WLLIAM OLSON	Director	2.00	Director	$0	$0	$0
WES FREEMAN	SEC-TREAS	5.00	Officer Director	$0	$0	$0
JESSICA JOHNSON	Director	2.00	Director	$0	$0	$0
KRISTEN KENNON	Director	2.00	Director	$0	$0	$0
AMY EDEN	Director	2.00	Director	$0	$0	$0
KAREN CROWSON	Director	2.00	Director	$0	$0	$0
RONALD STINCHCOMB	Director	2.00	Director	$0	$0	$0
DANIEL GRAY	Director	2.00	Director	$0	$0	$0
DON MCNAUGHTON	Director	2.00	Director	$0	$0	$0
JACK POFF	Director	2.00	Director	$0	$0	$0
JERRY CARLTON	Director	2.00	Director	$0	$0	$0
PAULETTE RICHIE	President	5.00	Officer Director	$0	$0	$0
VELDA LUEDERS	Director	2.00	Director	$0	$0	$0
JAMES RHODES	Director	2.00	Director	$0	$0	$0
NANCY WRIGHT	Director	2.00	Director	$0	$0	$0
SHARLA LAU	Director	2.00	Director	$0	$0	$0
AARON MEYERS	Director	2.00	Director	$0	$0	$0
CHERYL GENTRY	Director	2.00	Director	$0	$0	$0
NIKKI POLYCHRON	Director	2.00	Director	$0	$0	$0
JENNIFER WELCH	PRES ELECT	5.00	Officer Director	$0	$0	$0
JONATHAN MOORE	Director	2.00	Director	$0	$0	$0
RANDALL NICHOLS	Director	2.00	Director	$0	$0	$0
KRISTYN COOLEY	Director	2.00	Director	$0	$0	$0
STACY HAMILTON	Director	2.00	Director	$0	$0	$0
CAROLYN COBB	Director	2.00	Director	$0	$0	$0
JOESEPH MARKOWSKI	Director	2.00	Director	$0	$0	$0
MIKE FORD	Director	2.00	Director	$0	$0	$0
SUSAN VAUGHT	Director	2.00	Director	$0	$0	$0
BOBBIE HIMEL	Director	2.00	Director	$0	$0	$0
JEFF PRATT	Director	2.00	Director	$0	$0	$0
MELINDA PURVIS	Director	2.00	Director	$0	$0	$0
LESLIE SAMPLE	Director	2.00	Director	$0	$0	$0
JANELLE DYER	Director	2.00	Director	$0	$0	$0
CHRISTOPHER MCBRIDE	Director	2.00	Director	$0	$0	$0
CHANCE SCHUBERT	Director	2.00	Director	$0	$0	$0
SCOTT MILLER	Director	2.00	Director	$0	$0	$0
DARLA DOUGLAS	Director	2.00	Director	$0	$0	$0
RACHEL MUNDY	Director	2.00	Director	$0	$0	$0
SUZETT SPARKS	Director	2.00	Director	$0	$0	$0
ALICIA DEMAREST	Director	2.00	Director	$0	$0	$0
ANGEL RAWLINGS	Director	2.00	Director	$0	$0	$0
ROBERT WEIGEL	Director	2.00	Director	$0	$0	$0
FRANKIE RIVERS	Director	2.00	Director	$0	$0	$0
MAURICE TAYLOR	Director	2.00	Director	$0	$0	$0
ASHTON TODD	Director	2.00	Director	$0	$0	$0
GINA WILKINS	Director	2.00	Director	$0	$0	$0
DOYLE YATES	Director	2.00	Director	$0	$0	$0
CHRIS POLYCHRON	Director	2.00	Director	$0	$0	$0
SANDRA KELLEY	PAST PRES	5.00	Officer Director	$0	$0	$0
BOB DODSON	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	No data	No data	No data	No data
2023	$2,748,399	$3,305,083	$7,447,006	$-556,684
2022	$2,563,325	$2,016,766	$7,449,142	$546,559
2021	$2,400,947	$1,937,310	$7,164,351	$463,637
2020	$2,073,101	$1,395,160	$6,618,082	$677,941
2019	$2,167,489	$1,791,528	$5,787,614	$375,961
2018	$2,004,846	$1,499,244	$5,375,083	$505,602