GREATER METROPOLITAN ASSOC OF REALTORS

EIN: 237330987

SOUTHFIELD, MI

Total Revenue
$500,284
Total Expenses
$3,129,011
Total Assets
$8,394,781
Net Assets
$4,058,818
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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
1920
Legal Domicile
MI
Principal Officer
VICKEY LIVERNOIS
Phone
2484781700
Tax Period
2023-01-01 to 2023-12-31

GREATER METROPOLITAN ASSOC OF REALTORS, founded in 1920, is a small nonprofit that reported $500K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 525% operating deficit.

Mission

TO UNITE MEMBERS OF ALL REAL ESTATE PROFESSIONS FOR THE PURPOSE OF FURTHERING THEIR INTERESTS AND THOSE OF PROPERTY OWNERS.

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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 $66,571
Program Service Revenue $2,885,082
Investment Income $-2,456,526
Other Revenue $5,157
TOTAL REVENUE $500,284

Expense Breakdown

Grants Paid $63,173
Salaries & Benefits $1,619,819
Fundraising Expenses $0
Other Expenses $1,446,019
TOTAL EXPENSES $3,129,011

Year-over-Year Comparison

2023 2022 Change
Revenue $500,284 $2,902,989 -0.8%
Expenses $3,129,011 $2,505,333 +0.2%
Net Income $-2,628,727 $397,656 -7.6%
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

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Governance

Voting Members
14
Independent Members
14
Employees
16
Volunteers
125

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
3
$295,218
Total Directors
14
$295,218
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN BOJI PRESIDENT 1.00
Officer Director
$0 $0 $0
DENNIS KOZAK TREASURER 1.00
Officer Director
$0 $0 $0
VICKEY LIVERNOIS CEO/SECRETAR 40.00
Officer Director
$294,550 $668 $295,218
TERI SPIRO DIRECTOR 1.00
Director
$0 $0 $0
KATIE WEAVER DIRECTOR 1.00
Director
$0 $0 $0
CHELSEA CAIN DIRECTOR 1.00
Director
$0 $0 $0
MELISSA DEGEN DIRECTOR 1.00
Director
$0 $0 $0
DEE DEE OHARA-BLIZARD DIRECTOR 1.00
Director
$0 $0 $0
TONI JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
PAM BARTLING DIRECTOR 1.00
Director
$0 $0 $0
DEVON SMITH DIRECTOR 1.00
Director
$0 $0 $0
JAYE SANDERS DIRECTOR 1.00
Director
$0 $0 $0
JEFF FLETCHER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN HULTGREN 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 No data No data No data No data
2023 $500,284 $3,129,011 $8,394,781 $-2,628,727
2022 $2,902,989 $2,505,333 $11,638,377 $397,656
2021 $2,699,721 $2,229,362 $10,615,549 $470,359
2020 $2,322,133 $2,092,375 $9,353,962 $229,758
2019 $2,247,002 $2,090,026 $7,912,763 $156,976
2018 $2,169,348 $1,743,763 $7,241,469 $425,585
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