LAKES REGION BOARD OF REALTORS INC (EIN 237410572) - 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

1976

Legal Domicile

Principal Officer

MARSHA FODEN

Phone

6035283544

Tax Period

2023-01-01 to 2023-12-31

LAKES REGION BOARD OF REALTORS INC, founded in 1976, is a small nonprofit that reported $762K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $659K left a modest 14% surplus.

Mission

THE PURPOSE OF THE LAKES REGION BOARD OF REALTORS, INC., IN COOPERATION WITH THE NATIONAL ASSOCIATION OF REALTORS AND THE NH ASSOCIATION OF REALTORS, IS TO SERVICE ITS MEMBERSHIP BY PROVIDING AND DELIVERING PROGRAMS AND SERVICES DESIGNED TO ENHANCE MEMBERS' ABILITY TO CONDUCT BUSINESS SUCCESSFULLY AND PROMOTE A PROFESSIONAL IMAGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $746,517

Investment Income $16,660

Other Revenue $-844

TOTAL REVENUE $762,333

Expense Breakdown

Grants Paid $18,830

Salaries & Benefits $170,828

Fundraising Expenses $9,467

Program Expenses $613,018

Other Expenses $469,695

TOTAL EXPENSES $659,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$762,333	$654,306	+0.2%
Expenses	$659,353	$603,749	+0.1%
Net Income	$102,980	$50,557	+1.0%

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

100

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
TARA GOWEN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
MARSHA FODEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
DONNA WARD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRISTOPHER KELLY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PATRIQUIN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BARRETT	TREASURER	1.00	Officer Director	$0	$0	$0
DEB WARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY MANK	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS ROLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SWENSON	DIRECTOR	1.00	Director	$0	$0	$0
DONALD ROBERTS	SECRETARY	1.00	Officer 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	$762,333	$659,353	$860,768	$102,980
2023	No data	No data	No data	No data
2022	$654,306	$603,749	$906,641	$50,557
2021	$663,225	$625,171	$902,174	$38,054
2021	$663,225	$609,374	$899,581	$53,851
2020	$766,541	$686,047	$829,830	$80,494
2019	$666,967	$619,283	$715,296	$47,684
2018	$617,783	$627,145	$638,592	$-9,362

LAKES REGION BOARD OF REALTORS INC