ASSOC OF REAL ESTATE OWNED MANAGERS

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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

1985

Legal Domicile

Principal Officer

MARK PANICCIA

Phone

5123829212

Tax Period

2023-01-01 to 2023-12-31

ASSOC OF REAL ESTATE OWNED MANAGERS, founded in 1985, is a small nonprofit that reported $444K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS DEDICATED TO EDUCATING THE LENDING AND REAL ESTATE COMMUNITY IN THE AREAS OF ASSET MANAGEMENT AND LOSS MITIGATION.

Program Service Accomplishments

Program 1

N/A

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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 $440,651

Investment Income $3,650

Other Revenue $0

TOTAL REVENUE $444,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $441,553

TOTAL EXPENSES $441,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,301	$461,918	0.0%
Expenses	$441,553	$447,054	0.0%
Net Income	$2,748	$14,864	-0.8%

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
THOMAS ANSELMO	TREASURER	1.00	Officer Director	$0	$0	$0
GLENN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
DEANN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DON CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
JOE CUTRONA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DICICCO	LEADERSHIP D	1.00	Director	$0	$0	$0
BRYCE FENDALL	IMMED. PASTP	1.00	Director	$0	$0	$0
DONNA LAPORTE	ADVOCACY CO-	1.00	Director	$0	$0	$0
CHRISTOPHER LINK	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK O'MALLEY	FOUNDATION P	1.00	Director	$0	$0	$0
MARK PANICCIA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN POTIER	MEMBERSHIP C	1.00	Director	$0	$0	$0
STEPHANIE SEE	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIK SELLFORS	ADVOCACY CO-	1.00	Director	$0	$0	$0
RICK SHARGA	EDUCATION CH	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	$444,301	$441,553	$492,858	$2,748
2022	$461,918	$447,054	$510,662	$14,864
2021	$376,386	$358,118	$464,087	$18,268
2020	$192,967	$128,772	$446,179	$64,195
2020	$180,952	$117,765	$439,049	$63,187
2019	$247,337	$244,347	$370,357	$2,990
2019	$237,411	$224,276	$364,235	$13,135
2018	$354,106	$417,182	$428,230	$-63,076