NORTHWOODS ASSOCIATION OF REALTORS INCORPORATED (EIN 237393196) - 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

1972

Legal Domicile

Principal Officer

KIM BRIXIUS

Phone

7153563400

Tax Period

2024-10-01 to 2025-09-30

NORTHWOODS ASSOCIATION OF REALTORS INCORPORATED, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $356K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $309K left a modest 13% surplus.

Mission

A DEDICATED GROUP OF VOLUNTEERS WORKING TO MAINTAIN THE QUALITY OF LIFE IN THE NORTHWOODS THROUGH AN EXCEPTIONAL MULTIPLE LISTING SERVICE, CONTINUING EDUCATION AND UPHOLDING AND ENFORCING CODE OF ETHICS, AND BEING THE TRUSTED VOICE AND ADVOCATE FOR REAL ESTATE IN THE NORTHWOODS.

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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 $77,309

Program Service Revenue $207,735

Investment Income $10,752

Other Revenue $60,504

TOTAL REVENUE $356,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,134

Fundraising Expenses $0

Program Expenses $39,508

Other Expenses $99,549

TOTAL EXPENSES $308,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,300	$325,874	+0.1%
Expenses	$308,683	$250,433	+0.2%
Net Income	$47,617	$75,441	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BIRD	PRESIDENT	1.00	Officer	$0	$0	$0
KIM BRIXIUS	TREASURER	1.00	Officer	$0	$0	$0
JANEL PAGELS	PRESIDENT ELECT	1.00	Officer	$0	$0	$0
ED RAASCH	PAST PRESIDENT	1.00	Officer	$0	$0	$0
TYNAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JUDY BARR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN GULLICKSON-WILD	DIRECTOR	1.00	Director	$0	$0	$0
LEANN HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF KOLINSKY	DIRECTOR	1.00	Director	$0	$0	$0
CALA NEU	DIRECTOR	1.00	Director	$0	$0	$0
JOY KOHEGYI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RAASCH	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
2025	$356,300	$308,683	$773,386	$47,617
2024	$325,874	$250,433	$736,938	$75,441
2023	$227,142	$226,347	$270,086	$795
2022	$214,647	$215,581	$270,165	$-934
2021	$208,014	$199,753	$270,059	$8,261
2020	$180,436	$192,457	$261,651	$-12,021
2019	$192,411	$204,763	$273,487	$-12,352
2018	$187,505	$194,498	$286,286	$-6,993

NORTHWOODS ASSOCIATION OF REALTORS INCORPORATED