ASSOCIATION OF REAL ESTATE LICENSE… - 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

1990

Legal Domicile

Principal Officer

JESSICA HICKOK

Phone

3123004800

Tax Period

2023-07-01 to 2024-06-30

ASSOCIATION OF REAL ESTATE LICENSE LAW OFFICIALS, founded in 1990, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

SUPPORT JURISDICTIONS IN THE ADMINISTRATION AND ENFORCEMENT OF REAL ESTATE LICENSE LAWS TO PROMOTE AND PROTECT THE PUBLIC INTEREST.

Program Service Accomplishments

Program 1

CONFERENCES AND SEMINARS- MEMBERS WERE BROUGHT TOGETHER TO DISCUSS REALESTATE LICENSING LAWS.

Program 2

DISTANCE EDUCATION CERTIFICATION PROGRAM- CERTIFIES INSTRUCTIONALDESIGN AND DELIVERY OF COURSES TAUGHT TO REAL ESTATE LICENSEES VIATECHNOLOGY.

Program 3

INTERNATIONAL DISTANCE EDUCATION CERTIFICATION CENTER CERTIFIES INSTRUCTIONAL DESIGN AND DELIVERY OF COURSES TAUGHT VIA TECHNOLOGY.

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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 $2,001,382

Investment Income $200,699

Other Revenue $0

TOTAL REVENUE $2,202,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $825,150

Fundraising Expenses $0

Other Expenses $1,986,120

TOTAL EXPENSES $2,811,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,202,081	$2,180,174	+0.0%
Expenses	$2,811,270	$2,055,805	+0.4%
Net Income	$-609,189	$124,369	-5.9%

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

$136,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK WISNER	2023 PRESIDENT/2024 PAST PRES	1.00	Director	$0	$0	$0
SCOTT BREIDENBACH	2023 PRESIDENT-ELECT/2024 PRESIDENT	1.00	Director	$0	$0	$0
MONICA RUT	TREASURER	1.00	Director	$0	$0	$0
MICHELL BIRD	PAST PRESIDENT	1.00	Director	$0	$0	$0
EDWARD DOWNS	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLEY WELLS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BLAKESLEE	DIRECTOR	1.00	Director	$0	$0	$0
DEMETRIA SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
JANET THOREN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RINEHART	DIRECTOR	1.00	Director	$0	$0	$0
SUMMER MIRE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HENRIES	DIRECTOR	1.00	Director	$0	$0	$0
VAUGHN POE	DIRECTOR	1.00	Director	$0	$0	$0
MARIO TRETO	DIRECTOR	1.00	Director	$0	$0	$0
GREG LEMON	DIRECTOR	1.00	Director	$0	$0	$0
GRANT CODY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CLINGMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMBER NUTT	DIRECTOR	1.00	Director	$0	$0	$0
JILL STONE	DIRECTOR	1.00	Director	$0	$0	$0
NICK BARKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STRODE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN STEWART	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS RHOAD	FORMER CEO THRU OCT 2023	30.00	Officer	$0	$0	$0
DARREN WHORTON	CTO/INTERIM CEO 2023	30.00	Officer	$129,404	$7,488	$136,892
JESSICA HICKOK	CEO STARTING 1.1.24	40.00	Officer	$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	No data	No data	No data	No data
2024	$2,202,081	$2,811,270	$4,947,393	$-609,189
2023	$2,180,174	$2,055,805	$5,288,643	$124,369
2022	$2,345,143	$2,131,592	$5,043,741	$213,551
2021	$2,746,320	$1,415,561	$5,367,742	$1,330,759
2020	$1,719,787	$1,437,395	$3,586,911	$282,392
2019	$1,886,204	$1,513,445	$3,393,556	$372,759
2018	$1,849,121	$1,447,181	$3,008,834	$401,940

ASSOCIATION OF REAL ESTATE LICENSE LAW OFFICIALS