Highland Lakes Association of REAL… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

Luanne Coleman

Phone

8306935787

Tax Period

2024-01-01 to 2024-12-31

Highland Lakes Association of REALTORS Inc, founded in 1977, is a small nonprofit that reported $495K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $625K exceeded revenue, resulting in a 26% operating deficit.

Mission

Highland Lakes Association of REALTORS serves our profession and community through advocacy, education and service.

Program Service Accomplishments

Program 1

The Association worked to advance the following objectives, as it represented its members in Burnet and Llano Counties:* To unite those engaged in the recognized branches of the real estate...

The Association worked to advance the following objectives, as it represented its members in Burnet and Llano Counties:* To unite those engaged in the recognized branches of the real estate profession for the purpose of exerting a beneficial influence upon the profession and related interests.* To promote and maintain high standards of conduct in the real estate profession as expressed in the Code of Ethics of NATIONAL ASSOCIATION OF REALTORS.* To provide a unified medium for real estate owners and those engaged in the real estate profession whereby their interests may be safeguarded and advanced.* To further the interests of home and other real property ownership.* To unite those engaged in the real estate profession in this community with Texas Association of REALTORS and NATIONAL ASSOCIATION OF REALTORS, thereby furthering their own objectives throughout the state and nation, and obtaining the benefits and privileges of membership therein.* To designate, for the benefit of the public, individuals authorized to use the terms REALTOR and REALTORS as licensed, prescribed, and controlled by NATIONAL ASSOCIATION OF REALTORS.

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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 $0

Program Service Revenue $204,028

Investment Income $44,306

Other Revenue $246,552

TOTAL REVENUE $494,886

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $379,219

Fundraising Expenses $0

Other Expenses $232,050

TOTAL EXPENSES $625,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,886	$670,981	-0.3%
Expenses	$625,269	$1,015,169	-0.4%
Net Income	$-130,383	$-344,188	-0.6%

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

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

$108,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luanne Coleman	CEO	40.00	Officer	$101,132	$7,238	$108,370
Byron Hobbs	President	1.00	Officer Director	$0	$0	$0
Taylor Delz	Vice President	1.00	Officer Director	$0	$0	$0
Courtney Wing	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
Kim Lookabaugh	Past President	1.00	Officer Director	$0	$0	$0
Mischelle Griffin	Director	1.00	Director	$0	$0	$0
Carol Hardy	Director	1.00	Director	$0	$0	$0
Todd Liverman	Director	1.00	Director	$0	$0	$0
John Osbourn	Director	1.00	Director	$0	$0	$0
Jodi Robinson	Director	1.00	Director	$0	$0	$0
Cathy Ryden	Director	1.00	Director	$0	$0	$0
Gay Wheeler	Director	1.00	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	$494,886	$625,269	$1,907,703	$-130,383
2023	$670,981	$1,015,169	$2,009,517	$-344,188
2022	$991,690	$809,304	$2,064,966	$182,386
2021	$878,133	$722,981	$1,928,045	$155,152
2020	$678,694	$619,281	$1,789,848	$59,413
2019	$706,194	$604,897	$1,762,335	$101,297
2018	$693,739	$596,048	$1,698,356	$97,691

Highland Lakes Association of REALTORS Inc