LAFAYETTE REGIONAL 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

1974

Legal Domicile

Principal Officer

CARRIE J KENDALL

Phone

7654295411

Tax Period

2024-01-01 to 2024-12-31

LAFAYETTE REGIONAL ASSOCIATION OF REALTORS INC, founded in 1974, is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE QUALITY RESOURCES, EDUCATION AND SUPPORT TO ITS MEMBERS. TO ENCOURAGE AND ENHANCE ETHICAL BEHAVIOR COMPATIBLE WITH PROFESSIONAL SERVICES.

Program Service Accomplishments

Program 1

WORKING EVERY DAY TO GIVE AGENTS, BROKERS, AND OTHER REAL ESTATE PROFESSIONALS THE SUPPORT AND GUIDANCE THEY NEED TO SURVIVE.

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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 $0

Program Service Revenue $233,003

Investment Income $36

Other Revenue $18,012

TOTAL REVENUE $251,051

Expense Breakdown

Grants Paid $5,509

Salaries & Benefits $89,377

Fundraising Expenses $0

Other Expenses $158,726

TOTAL EXPENSES $253,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,051	$287,948	-0.1%
Expenses	$253,612	$228,352	+0.1%
Net Income	$-2,561	$59,596	-1.0%

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

N/A

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

$251,931

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE KENDALL	EXECUTIVE DIRECTOR	40.00	Officer	$0	$12,500	$251,931
ROBYN BOWER	PAST PRESIDENT	0.50	Director	$0	$0	$0
CHAD CHISM	PRESIDENT	0.50	Officer Director	$0	$0	$0
GRANT THOMPSON	PRESIDENT ELECT	0.50	Officer Director	$0	$0	$0
JILL DAVIS	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MARY MASON	DIRECTOR	0.25	Director	$0	$0	$0
KARINA HERNANDEZ	DIRECTOR	0.25	Director	$0	$0	$0
ALEC WILLIAMS	DIRECTOR	0.25	Director	$0	$0	$0
KATHY MCDOWELL	DIRECTOR	0.25	Director	$0	$0	$0
MARY SLAVENS	DIRECTOR	0.25	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	$251,051	$253,612	$544,995	$-2,561
2023	$287,948	$228,352	$482,079	$59,596
2022	$265,707	$231,321	$446,771	$34,386
2021	$290,707	$290,871	$411,734	$-164
2020	$264,752	$218,026	$469,284	$46,726
2019	$291,373	$266,718	$419,793	$24,655
2018	$307,672	$261,094	$375,374	$46,578

LAFAYETTE REGIONAL ASSOCIATION OF REALTORS INC