ARKANSAS REALTORS ASSOCIATION

EIN: 237000743

LITTLE ROCK, AR

Total Revenue
$2,748,399
Total Expenses
$3,305,083
Total Assets
$7,447,006
Net Assets
$6,381,800
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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
AR
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 $2.0M in total revenue in fiscal year 2018. The organization ran a surplus of $506K, a strong 25% operating margin.

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.

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Trantor Score

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

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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
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Governance

Voting Members
58
Independent Members
56
Employees
8
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
5
$131,449
Total Directors
58
$0
Key Employees
0
$0
Highest Compensated
0
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
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