INDIANA ASSOCIATION OF REALTORS INC

EIN: 350411185

INDIANAPOLIS, IN

Total Revenue
$7,881,101
Total Expenses
$5,584,296
Total Assets
$21,434,272
Net Assets
$17,228,548
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
IN
Principal Officer
MARK FISHER
Phone
3179133230
Tax Period
2023-01-01 to 2023-12-31

INDIANA ASSOCIATION OF REALTORS INC, founded in 1948, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 29% operating margin.

Mission

PROVIDING LEADERSHIP PROGRAMS AND SERVICES TO SUSTAIN A HEALTHY REAL ESTATE MARKET IN INDIANA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,025
Program Service Revenue $6,612,959
Investment Income $442,760
Other Revenue $784,357
TOTAL REVENUE $7,881,101

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $3,064,498
Fundraising Expenses $0
Other Expenses $2,513,798
TOTAL EXPENSES $5,584,296

Year-over-Year Comparison

2023 2022 Change
Revenue $7,881,101 $6,742,717 +0.2%
Expenses $5,584,296 $5,548,292 +0.0%
Net Income $2,296,805 $1,194,425 +0.9%
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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Governance

Voting Members
17
Independent Members
17
Employees
35
Volunteers
200

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
7
$880,056
Total Directors
17
$18,000
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDY RUDOLPH PAST PRESIDENT 1.00
Director
$0 $0 $0
LYNN WHEELER PRESIDENT 1.00
Officer Director
$18,000 $0 $18,000
JENNIFER PARHAM PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
AARON LUTTRULL VP 1.00
Officer Director
$0 $0 $0
KIM WARD VP 1.00
Officer Director
$0 $0 $0
BRIAN THOMPSON MEMBER 1.00
Director
$0 $0 $0
DAVID CAVENESS MEMBER 1.00
Director
$0 $0 $0
DONNA SPEARS MEMBER 1.00
Director
$0 $0 $0
JASON ENGEL MEMBER 1.00
Director
$0 $0 $0
JASON O'NEIL MEMBER 1.00
Director
$0 $0 $0
KURT SCHULER MEMBER 1.00
Director
$0 $0 $0
MARK FORCUM MEMBER 1.00
Director
$0 $0 $0
NOHEMI MEMI RENNEWANZ MEMBER 1.00
Director
$0 $0 $0
PATRICK MALOBLOCKI MEMBER 1.00
Director
$0 $0 $0
RON MCCOLLY MEMBER 1.00
Director
$0 $0 $0
STEPHANIE ROSE-WELDY MEMBER 1.00
Director
$0 $0 $0
TRACY HUTTON MEMBER 1.00
Director
$0 $0 $0
MARK FISHER CEO 40.00
Officer
$332,376 $19,550 $351,926
MAGGIE MCSHANE SR. VP GOVT AFFAIRS 40.00
Officer
$246,007 $12,221 $258,228
KATHY HARBAUGH SENIOR VP 40.00
Officer
$237,458 $14,444 $251,902
RICHELLE MOSSLER GENERAL COUNSEL 40.00
Highest
$207,719 $12,830 $220,549
CHRIS WATTS VP-COMMUNICATIONS 40.00
Highest
$147,637 $9,520 $157,157
ANNE JOHNSON LEGAL & REGULATORY COMPLIANCE COUNSEL 40.00
Highest
$127,350 $6,305 $133,655
KELLY SHONBORN SENIOR STAFF COUNSEL 40.00
Highest
$133,262 $8,790 $142,052
KARL BERRON FORMER CEO 40.00
$154,364 $0 $154,364
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 $7,881,101 $5,584,296 $21,434,272 $2,296,805
2022 $6,742,717 $5,548,292 $18,947,758 $1,194,425
2021 $6,642,922 $5,218,732 $16,694,252 $1,424,190
2020 $6,354,885 $5,080,356 $14,769,592 $1,274,529
2019 $6,460,411 $5,014,763 $13,795,778 $1,445,648
2018 $6,108,775 $4,943,765 $12,724,938 $1,165,010
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