REALTOR ASSOCIATION OF CENTRAL MASSACHUS (EIN 237090151) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

COLLEEN PAPPAS

Phone

5088326600

Tax Period

2024-01-01 to 2024-12-31

REALTOR ASSOCIATION OF CENTRAL MASSACHUS, founded in 1969, is a small nonprofit that reported $788K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 62% operating deficit.

Mission

MEMBERSHIP ASSOCIATION THAT PROVIDES PROFESSIONAL AND EDUCATIONAL SERVICES TO ITS MEMBERS

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $569,950

Program Service Revenue $99,696

Investment Income $16,578

Other Revenue $101,587

TOTAL REVENUE $787,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,228

Fundraising Expenses $0

Program Expenses $521,820

Other Expenses $889,189

TOTAL EXPENSES $1,274,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$787,811	$1,604,630	-0.5%
Expenses	$1,274,417	$1,661,804	-0.2%
Net Income	$-486,606	$-57,174	+7.5%

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

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

$118,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERIE BENOIT	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
NATE DANIEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE BAYLISS	OTHER OFFICER	1.00	Officer Director	$0	$0	$0
HEJOMA GARCIA	CLERK	1.00	Officer Director	$0	$0	$0
LEONA JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN DEMERJIAN	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE RAINVILLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BARBERA	DIRECTOR	1.00	Director	$0	$0	$0
ELISHA LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLEN	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN GREENMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WESSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WHITTEN	DIRECTOR	1.00	Director	$0	$0	$0
KONSTANTINA CHOROS	DIRECTOR	1.00	Director	$0	$0	$0
LEIF TOSSELAND	TREASURER	1.00	Officer Director	$0	$0	$0
COLLEEN PAPPAS	EXECUTIVE DIRECTOR	40.00	Officer	$118,900	$0	$118,900

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	$787,811	$1,274,417	$1,106,184	$-486,606
2023	$1,604,630	$1,661,804	$1,843,075	$-57,174
2022	$1,716,638	$1,693,700	$1,607,095	$22,938
2021	$1,446,236	$1,469,753	$1,680,181	$-23,517
2020	$1,273,222	$1,253,905	$1,445,667	$19,317
2019	$1,316,047	$1,328,710	$1,381,063	$-12,663
2018	$1,310,655	$1,258,629	$1,436,063	$52,026

REALTOR ASSOCIATION OF CENTRAL MASSACHUS