NORTHWEST INDIANA REALTORS ASSOCIATION INC (EIN 351065119) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

PETER D NOVAK JR

Phone

2197953600

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST INDIANA REALTORS ASSOCIATION INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $377K, a strong 25% operating margin.

Mission

THE MISSION OF NIRA IS TO HELP OUR MEMBERS BE PRODUCTIVE IN THEIR BUSINESS AND ACHIEVE ONGOING PROFITABILITY THROUGH TARGETED EDUCATION AND ETHICAL AND PROFESSIONAL STANDARDS. WE ARE THE VISIBLE VOICE FOR THE REAL ESTATE INTERESTS OF THE COMMUNITIES IN NORTHWEST 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,241,997

Investment Income $237,671

Other Revenue $17,722

TOTAL REVENUE $1,497,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $505,961

Fundraising Expenses $0

Other Expenses $614,041

TOTAL EXPENSES $1,120,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,497,390	$1,498,543	0.0%
Expenses	$1,120,002	$1,036,957	+0.1%
Net Income	$377,388	$461,586	-0.2%

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

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

$306,967

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE ROSENBLUM	BOARD MEMBER	0.00	Director	$0	$0	$0
ALISON RENTSCHLER	TREASURER	0.00	Officer Director	$0	$0	$0
MILTON PETERSEN	BOARD MEMBER	0.00	Director	$0	$0	$0
JUDITH ROONEY-DAVIS	PRESIDENT	0.00	Officer Director	$0	$0	$0
JESSICA KISH	PAST PRESIDENT	0.00	Director	$0	$0	$0
CORI KALE	BOARD MEMBER	0.00	Director	$0	$0	$0
DEANA SUTTON	BOARD MEMBER	0.00	Director	$0	$0	$0
LISA WOZNIAKOWSKI	PRESIDENT ELECT	0.00	Officer Director	$0	$0	$0
LAURA JAMES	BOARD MEMBER	0.00	Director	$0	$0	$0
CALEB KEY	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFFREY LYONS	BOARD MEMBER	0.00	Director	$0	$0	$0
BRENT WRIGHT	BOARD MEMBER	0.00	Director	$0	$0	$0
DAISYLOU ALVAREZ	BOARD MEMBER	0.00	Director	$0	$0	$0
ELENA LOPEZ	BOARD MEMBER	0.00	Director	$0	$0	$0
GINA SANCHEZ	BOARD MEMBER	0.00	Director	$0	$0	$0
SUZANNE WIREMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSEPH WSZOLEK	CHIEF OPERATING	30.00	Officer	$71,284	$23,761	$95,045
PETER D NOVAK JR	CHIEF EXECUTIVE	20.00	Officer	$105,961	$105,961	$211,922

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	$1,497,390	$1,120,002	$6,918,165	$377,388
2022	$1,498,543	$1,036,957	$6,474,457	$461,586
2021	$1,656,338	$877,603	$5,998,165	$778,735
2020	$1,514,357	$847,226	$5,321,315	$667,131
2019	$1,078,594	$888,443	$4,750,174	$190,151
2018	$980,759	$860,753	$4,136,074	$120,006

NORTHWEST INDIANA REALTORS ASSOCIATION INC