MEMPHIS AREA ASSOCIATION OF REALTORS BENEVOLENT FUND (EIN 275215845) - 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

2010

Legal Domicile

Principal Officer

KATHERINE SHOTTS

Phone

9016852100

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS AREA ASSOCIATION OF REALTORS BENEVOLENT FUND, founded in 2010, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $13K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 427% operating deficit.

Mission

ESTABLISHED IN 1994, THE MAAR BENEVOLENT FUND PROVIDES FINANCIAL ASSISTANCE TO MEMPHIS AREA ASSOCIATION OF REALTORS MEMBERS AND THEIR FAMILIES DURING TEMPORARY PERIODS OF FINANCIAL DIFFICULTY DUE TO PROLONGED ILLNESS, CATASTROPHIC OCCURRENCE, ACCIDENT OR DEATH.

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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 $17,266

Program Service Revenue $0

Investment Income $-20,681

Other Revenue $16,843

TOTAL REVENUE $13,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,990

Other Expenses $4,819

TOTAL EXPENSES $70,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,428	$53,799	-0.8%
Expenses	$70,809	$50,117	+0.4%
Net Income	$-57,381	$3,682	-16.6%

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

N/A

Volunteers

N/A

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
TRACY JEFFERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
NIKI BERRY	DIRECTOR	0.50	Director	$0	$0	$0
VICTORIA BROWN	DIRECTOR	0.50	Director	$0	$0	$0
GREG GLOSSON	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA HAMPTON	DIRECTOR	0.50	Director	$0	$0	$0
JUDY JONES	DIRECTOR	0.50	Director	$0	$0	$0
SETH LACHER	DIRECTOR	0.50	Director	$0	$0	$0
KIMMER PLUNK	DIRECTOR	0.50	Director	$0	$0	$0
BILL STEWART	SECRECTARY/TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTY STOKES	DIRECTOR	0.50	Director	$0	$0	$0
CONNIE STRESSEL	DIRECTOR	0.50	Director	$0	$0	$0
SUZIE TIDWELL	DIRECTOR	0.50	Director	$0	$0	$0
LESLIE ZARSHENAS	DIRECTOR	0.50	Director	$0	$0	$0
TINA BLACK-SHEARS	DIRECTOR	0.50	Director	$0	$0	$0
KATHERINE SHOTTS	EXECUTIVE VICE PRESIDENT	0.50	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
2023	$13,428	$70,809	$341,552	$-57,381
2022	$53,799	$50,117	$334,573	$3,682

MEMPHIS AREA ASSOCIATION OF REALTORS BENEVOLENT FUND