INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION (EIN 362924251) - 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

1977

Legal Domicile

Principal Officer

CHRISTOPHER MELLEN

Phone

8008370706

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $821K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $998K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE RESOURCES FOR PEOPLE AND ORGANIZATIONS SEEKING TO ADVANCE 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 (2024)

Revenue Breakdown

Contributions & Grants $776,784

Program Service Revenue $0

Investment Income $64,381

Other Revenue $-20,495

TOTAL REVENUE $820,670

Expense Breakdown

Grants Paid $542,162

Salaries & Benefits $0

Fundraising Expenses $12,435

Program Expenses $735,827

Other Expenses $455,858

TOTAL EXPENSES $998,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$820,670	$876,934	-0.1%
Expenses	$998,020	$939,552	+0.1%
Net Income	$-177,350	$-62,618	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE HEADLEY CPM	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MELLEN CPM ARM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EILEEN WIRTH CPM	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LINDA CARADINE-POINSETT	EXECUTIVE DIRECTOR (THRU 5/20/24)	1.00	Officer Director	$0	$0	$0
MARIE BERNADETTE PATTON	EXECUTIVE DIRECTOR (FROM 5/20/24)	1.00	Officer Director	$0	$0	$0
WALTER CHIP CRUMPLER JR CPM	PAST PRESIDENT	1.00	Director	$0	$0	$0
MINDY GRONBECK CPM	IREM REPRESENTATIVE	1.00	Director	$0	$0	$0
KURSTIE BUTCHER CPM	DIRECTOR	1.00	Director	$0	$0	$0
NEIL CADMAN CPM	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL GRAY CPM	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL GREEN CPM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HELSEL CPM	DIRECTOR	1.00	Director	$0	$0	$0
TINE HELTON ACOM	DIRECTOR	1.00	Director	$0	$0	$0
ERIN A HOPKINS PHD	DIRECTOR	1.00	Director	$0	$0	$0
RITA KHAN CPM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE LACY CPM	DIRECTOR	1.00	Director	$0	$0	$0
LAURA LE HARVEY CPM	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE MILLER CPM	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA NOONEY CPM	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP SCHNEIDAU CPM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SIMMONS CPM	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SUSI CPM	DIRECTOR	1.00	Director	$0	$0	$0
CHER ZUCKER-MALTESE CPM	DIRECTOR	1.00	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	$820,670	$998,020	$2,020,351	$-177,350
2023	$876,934	$939,552	$2,138,328	$-62,618
2022	$600,024	$805,863	$2,087,099	$-205,839
2021	$851,552	$840,368	$2,627,808	$11,184
2020	$591,688	$847,814	$2,534,392	$-256,126
2019	$1,640,010	$599,596	$2,569,598	$1,040,414
2018	$474,147	$446,944	$1,446,248	$27,203

INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION