Oak Park Area Association of Realt… - 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

1925

Legal Domicile

Principal Officer

Sharon Halperin

Phone

7083860150

Tax Period

2023-01-01 to 2023-12-31

Oak Park Area Association of Realtors, founded in 1925, is a small nonprofit that reported $402K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $467K exceeded revenue, resulting in a 16% operating deficit.

Mission

Incorporated for the purpose of uniting those engaged in real estate for the promotion and maintenance of high standards in the profession.

Program Service Accomplishments

Program 1

Promotion and maintenace of high standards in the real estate profession.

Program 2

Advancement and safeguarding the interest of those engaged in the real estate profession.

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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 $332,929

Program Service Revenue $67,002

Investment Income $201

Other Revenue $2,200

TOTAL REVENUE $402,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,489

Fundraising Expenses $0

Other Expenses $299,978

TOTAL EXPENSES $467,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,332	$563,188	-0.3%
Expenses	$467,467	$642,182	-0.3%
Net Income	$-65,135	$-78,994	-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

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

$91,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Simon-Vobornik	Past President	3.00	Officer Director	$0	$0	$0
Lisa Palermo	President	3.00	Officer Director	$0	$0	$0
Cynthia Howe Gajewski	Vice President	3.00	Officer Director	$0	$0	$0
Stephanie Eiger	Treasurer	3.00	Officer Director	$0	$0	$0
Ed Bellock	Secretary	3.00	Officer Director	$0	$0	$0
Monica Dalton	Director	1.00	Director	$0	$0	$0
Jeffrey O'Connor	Director	1.00	Director	$0	$0	$0
Laurel Saltzman	Director	1.00	Director	$0	$0	$0
Gabe Caporale	Director	1.00	Director	$0	$0	$0
Deborah Wess	Director	1.00	Director	$0	$0	$0
Brian Yabes	Director	1.00	Director	$0	$0	$0
Sharon Halperin	Executive Director	40.00	Officer	$91,227	$0	$91,227

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	$402,332	$467,467	$167,940	$-65,135
2022	$563,188	$642,182	$444,841	$-78,994
2021	$696,895	$627,275	$450,349	$69,620
2020	$541,192	$581,677	$431,249	$-40,485
2019	$692,530	$634,224	$469,820	$58,306
2018	$580,733	$607,412	$557,980	$-26,679

Oak Park Area Association of Realtors