MIBOR REALTOR ASSOCIATION INC

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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

1924

Legal Domicile

Principal Officer

SHELLEY SPECCHIO

Phone

3179565000

Tax Period

2024-01-01 to 2024-12-31

MIBOR REALTOR ASSOCIATION INC, founded in 1924, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024.

Mission

MIBOR REALTOR ASSOCIATION, INC. (MIBOR) FORMED FOR THE PURPOSE OF DISCOVERING AND PROMOTING ACTIVITIES IN THE BEST INTEREST OF THE COMMUNITY AND OF ITS MEMBERS WITH RESPECT TO REAL PROPERTY, ITS OWNERSHIP AND USE, TOWARD PROVIDING A BETTER COMMUNITY IN WHICH TO LIVE AND WORK. ITS ACTIVITIES INCLUDE DEVELOPING AND PUBLICIZING THE BENEFITS INHERENT IN OWNERSHIP OF REAL PROPERTY, FACILITATING ITS EXCHANGE, DEVELOPMENT, MANAGEMENT, FINANCING, AND CONSTRUCTION; ASSEMBLING AND DISSEMBLING INFORMATION PERTINENT TO ALL PHASES OF REAL PROPERTY OWNERSHIP AND ACTIVITY; REQUIRING A HIGH STANDARD OF ETHICS; IMPROVING STANDARDS OF PRACTICE; PROMOTING COOPERATION AND STIMULATING EDUCATION ON THE PART OF ALL THOSE WHOSE BUSINESS ACTIVIITY RELATES TO REAL PROPERTY. MIBOR PARTICIPATES IN CIVIC ACTIVITY RELATING TO REAL PROPERTY, INCLUDING BUT NOT LIMITED TO PLANNING, ZONING, TAXATION, AND URBAN RENEWAL.

Program Service Accomplishments

Program 1

PROMOTE IMPORTANCE AND VALUE OF UTILIZING A REALTOR IN A REAL ESTATE TRANSACTION BECAUSE OF HIS OR HER KNOWLEDGE AND EXPERTISE.

Program 2

TO HELP CREATE A HEALTHY REAL ESTATE MARKET BY SUPPORTING ORGANIZATIONS WHO:1. HELP CREATE A STRONG WORKFORCE2. DEVELOP HEALTHY COMMUNITIES3. IMPROVE AWARENESS OF HOUSING OPPORTUNITIES AND ISSUES

Program 3

EDUCATE AND INFORM MEMBERS ABOUT REAL ESTATE ETHICS AND OTHER ISSUES TO HELP ENABLE AN ORDERLY MARKETPLACE FOR REAL ESTATE TRANSACTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,106,980

Program Service Revenue $1,977,254

Investment Income $253,539

Other Revenue $245,191

TOTAL REVENUE $5,582,964

Expense Breakdown

Grants Paid $121,528

Salaries & Benefits $3,354,963

Fundraising Expenses $0

Other Expenses $2,354,020

TOTAL EXPENSES $5,830,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,582,964	$5,631,050	0.0%
Expenses	$5,830,511	$5,327,623	+0.1%
Net Income	$-247,547	$303,427	-1.8%

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

Volunteers

525

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

$805,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE CARUSO	PRESIDENT	0.00	Officer Director	$0	$0	$0
ZACH MILLER	PRESIDENT ELECT	0.00	Officer Director	$0	$0	$0
DUSTIN SICKINGER	DIRECTOR	0.00	Director	$0	$0	$0
KEITH TURNBILL	DIRECTOR	0.00	Director	$0	$0	$0
GLENN BILL	DIRECTOR	0.00	Director	$0	$0	$0
STEVE THOMPSON	DIRECTOR	0.00	Director	$0	$0	$0
LEE ANN BALTA	DIRECTOR	0.00	Director	$0	$0	$0
TIAMIA REESE	DIRECTOR	0.00	Director	$0	$0	$0
ROBYN BREECE	DIRECTOR	0.00	Director	$0	$0	$0
JERROD KLEIN	DIRECTOR	0.00	Director	$0	$0	$0
JUSTIN STRANGE	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
NATALIE HIGHTOWER	DIRECTOR	0.00	Director	$0	$0	$0
SHELLEY SPECCHIO	CEO	40.00	Officer	$350,099	$53,116	$403,215
CHRISTOPHER PRYOR	VP - GOVT AND COMMUNICATION	40.00	Officer	$175,768	$46,229	$221,997
SHERRI PADGETT	CHIEF FINANCIAL OFFICER	40.00	Officer	$159,069	$20,964	$180,033
PATRICK CLINE	CHIEF LEGAL COUNSEL	40.00	Highest	$175,464	$53,121	$228,585
JOEL WELCH	VP - INFORMATION TECHNOLOGY	40.00	Highest	$109,450	$14,644	$124,094

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	$5,582,964	$5,830,511	$12,342,030	$-247,547
2023	$5,631,050	$5,327,623	$11,919,169	$303,427
2022	$5,421,036	$4,769,394	$11,833,100	$651,642
2021	$5,134,664	$4,663,809	$12,276,320	$470,855
2020	$4,697,061	$4,240,717	$10,871,058	$456,344
2019	$4,569,078	$4,389,405	$10,033,755	$179,673
2018	$4,434,582	$4,335,545	$9,526,043	$99,037