LAKE & GEAUGA AREA ASSOCIATION OF … - 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

1965

Legal Domicile

Principal Officer

CHRISSY ROSE

Phone

4403509000

Tax Period

2023-01-01 to 2023-12-31

LAKE & GEAUGA AREA ASSOCIATION OF REALTORS, founded in 1965, is a small nonprofit that reported $319K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $284K left a modest 11% surplus.

Mission

TO PROMOTE THE EXTENSION AND PRESERVATION OF THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY.

Program Service Accomplishments

Program 1

UNITE THOSE ENGAGED IN VARIOUS BRANCHES OF THE REAL ESTATE PROFESSION TO SAFEGUARD AND ADVANCE THEIR INTEREST AND THE PUBLIC. PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE...

UNITE THOSE ENGAGED IN VARIOUS BRANCHES OF THE REAL ESTATE PROFESSION TO SAFEGUARD AND ADVANCE THEIR INTEREST AND THE PUBLIC. PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION. PUBLICATION OF A WEEKLY NEWSLETTER AND A BI-ANNUAL DIRECTORY AS A FORM OF EDUCATION AND GUIDEANCE FOR 1,100 MEMBERS.

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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 $281,209

Program Service Revenue $26,755

Investment Income $2,426

Other Revenue $8,313

TOTAL REVENUE $318,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,898

Fundraising Expenses $1,573

Other Expenses $168,749

TOTAL EXPENSES $283,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,703	$273,312	+0.2%
Expenses	$283,647	$238,486	+0.2%
Net Income	$35,056	$34,826	+0.0%

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

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

$53,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISSY ROSE	ASSOCIATION	40.00	Officer	$53,200	$0	$53,200
NOREEN MARLOWE	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCIE GRGURICH	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
RICH PIRAINO	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA DONATELLI	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JENNIFER ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
TIM CLINE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE FABIG	DIRECTOR	1.00	Director	$0	$0	$0
MARCY FEATHER	DIRECTOR	1.00	Director	$0	$0	$0
NINA GAMBATESE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LENDVAY	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MARUNA	DIRECTOR	1.00	Director	$0	$0	$0
KATE RABINOVICH	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE RODRIQUEZ	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
2024	No data	No data	No data	No data
2023	$318,703	$283,647	$1,252,857	$35,056
2022	$273,312	$238,496	$1,009,776	$34,816
2021	$300,167	$267,371	$992,844	$32,796
2020	$280,248	$238,337	$964,989	$41,911
2019	$286,489	$277,551	$1,117,999	$8,938
2018	$262,091	$267,039	$1,046,152	$-4,948

LAKE & GEAUGA AREA ASSOCIATION OF REALTORS