INDIANAPOLIS, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO SERVE ITS MEMBERS AND LOCAL ASSOCIATIONS BY PROVIDING LEADERSHIP PROGRAMS AND SERVICES TO SUSTAIN A HEALTHY REAL ESTATE MARKET IN INDIANA. IN PROVIDING THESE SERVICES, THE ASSOCIATION WILL RAISE THE STANDARDS OF THE REAL ESTATE PROFESSION AND THE CONDUCT OF THE INDIVIDUALS ENGAGED IN THE PROFESSION. DURING THE CURRENT PERIOD, THE ASSOCIATION SPONSORED VARIOUS PROGRAMS AND SERVICES TO ITS 21,911 MEMBERS WITHIN THE STATE.
LEADERSHIP - MONIES IN THIS FUND FACILITATE MEMBER LEADERSHIP AND GOVERNANCE. SPECIFIC EXPENSES INCLUDE, BUT ARE NOT LIMITED TO PROFESSIONAL MEMBERSHIPS, TRAVEL TO AND PARTICIPATION IN NATIONAL...
LEADERSHIP - MONIES IN THIS FUND FACILITATE MEMBER LEADERSHIP AND GOVERNANCE. SPECIFIC EXPENSES INCLUDE, BUT ARE NOT LIMITED TO PROFESSIONAL MEMBERSHIPS, TRAVEL TO AND PARTICIPATION IN NATIONAL ASSOCIATION EVENTS, REALTOR OF THE YEAR BANQUET, PRESIDENT'S INAUGURAL BALL, FALL AND WINTER LEGISLATIVE CONFERENCES, LEADERSHIP SUMMITS, STATE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE MEETINGS, LOCAL BOARD OUTREACH PROGRAMS, STRATEGIC PLANNING AND THE INDIANA REALTOR LEADERSHIP ACADEMY, A PROGRAM TO FOSTER FUTURE LEADER DEVELOPMENT.
GOVERNMENT AFFAIRS - GOVERNMENT AFFAIRS EXPENDITURES SUPPORT ASSOCIATION STAFF IN PROMOTING LEGISLATION AT BOTH THE LOCAL, STATE AND FEDERAL LEVELS THAT ENHANCE THE FREEDOM AND ABILITY OF REALTORS TO...
GOVERNMENT AFFAIRS - GOVERNMENT AFFAIRS EXPENDITURES SUPPORT ASSOCIATION STAFF IN PROMOTING LEGISLATION AT BOTH THE LOCAL, STATE AND FEDERAL LEVELS THAT ENHANCE THE FREEDOM AND ABILITY OF REALTORS TO CONDUCT BUSINESS SUCCESSFULLY WITH INTEGRITY AND COMPETENCY. SAID EXPENDITURES ALSO PROVIDE DEFENSE AGAINST LEGISLATION HARMFUL TO REALTORS AND THE INDIVIDUAL RIGHT TO OWN REAL PROPERTY. SPECIFIC EXPENDITURES INCLUDE, BUT ARE NOT LIMITED TO RESEARCH, LOBBYING, REALTORS POLITICAL ACTION COMMITTEE SOLICITATION, AND GENERAL OFFICE SUPPLIES.
LEGAL AFFAIRS - LEGAL AFFAIRS EXPENDITURES SUPPORT THE ASSOCIATION ATTORNEYS AND STAFF IN EDUCATING MEMBERS ON THE LAWS GOVERNING THE REALTOR PROFESSION AND REAL ESTATE TRANSACTIONS. SPECIFICALLY...
LEGAL AFFAIRS - LEGAL AFFAIRS EXPENDITURES SUPPORT THE ASSOCIATION ATTORNEYS AND STAFF IN EDUCATING MEMBERS ON THE LAWS GOVERNING THE REALTOR PROFESSION AND REAL ESTATE TRANSACTIONS. SPECIFICALLY, THESE EXPENDITURES PRODUCE AND MAINTAIN AN ELECTRONIC LIBRARY OF LEGAL FORMS AVAILABLE TO ALL MEMBERS TO GUIDE THEIR CLIENTS THROUGH EVERY TYPE OF REAL ESTATE TRANSACTION AND ADMINISTER THE LEGAL HOTLINE, A TOLL-FREE TELEPHONE AND E-MAIL ADDRESS BY WHICH MANAGING BROKERS MAY SEEK FREE LEGAL GUIDANCE. SAID EXPENDITURES ALSO PROMOTE AND ENFORCE THE NATIONAL REALTOR CODE OF ETHICS THROUGH THE SHARED PROFESSIONAL STANDARDS ENFORCEMENT PROGRAM, AND PROVIDE EQUAL OPPORTUNITY AND HOUSING, AND RISK REDUCTION TRAINING AT ASSOCIATION EVENTS. ASSOCIATION ATTORNEYS ALSO HELP WITH COURSES AND MATERIALS FOR THE ASSOCIATION-OWNED REAL ESTATE CERTIFICATION PROGRAM (RECP). LEGAL AFFAIRS ENSURES COMPLIANCE WITH CAMPAIGN FINANCE LAW, INCLUDING APPROVING REALTORS POLITICAL ACTION COMMITTEE (RPAC) DISCLAIMERS FOR LOCAL BOARDS, ADVISING LOCAL BOARDS ON RPAC AND THE LAW, PROVIDING ASSISTANCE TO IAR STAFF TO RESPOND TO INQUIRIES FROM THE INDIANA ELECTION COMMISSION AND THE FILING OF THE CAMPAIGN FINANCE REPORT FOR RPAC. LEGAL AFFAIRS EXPENDITURES PROMOTE AND PROVIDE FOR LEGAL REVIEW OF ALL IAR LEASES, CONTRACTS AND RELATED LEGAL AGREEMENTS AND OVERSEES THE DEFENSE OF IAR LAWSUITS, CLAIMS AND OTHER LEGAL MATTERS. LEGAL AFFAIRS ALSO ADMINISTERS THE LEGAL ACTION PROGRAM TO HELP ALLEVIATE LITIGATION COSTS FOR MEMBERS AND/OR LOCAL ASSOCIATIONS INVOLVED IN LITIGATION. THE PURPOSE OF THE LEGAL ACTION PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE TO SUPPORT LITIGATION OF SIGNIFICANCE TO THE ASSOCIATION, INCLUDING MATTERS RELEVANT TO THE PRACTICE OF REAL ESTATE, THE OPERATION OF REAL ESTATE ASSOCIATIONS, OWNERSHIP AND USE OF REAL ESTATE, AND PRIVATE PROPERTY RIGHTS. LEGAL ACTION FUNDS ARE TO BE USED EXCLUSIVELY TO PAY THE LEGAL FEES, COSTS, AND EXPENSES INCURRED IN CONNECTION WITH THE LITIGATION FOR WHICH ASSISTANCE IS REQUESTED AND PROVIDED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare INDIANA ASSOCIATION OF REALTORS INC with other nonprofits in Indiana and across the country.