Center for REALTOR Development Inc

EIN: 364173556

Chicago, IL

Total Revenue
$9,279,683
Total Expenses
$9,063,613
Total Assets
$27,241,815
Net Assets
$23,866,206
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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
1997
Legal Domicile
IL
Phone
3123298200
Tax Period
2023-01-01 to 2023-12-31

Center for Specialized Realtor Education, founded in 1997, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2018. Expenses of $7.7M left a modest 5% surplus.

Mission

To promote the common interest of its members by creating and presenting educational programs and encouraging high standards on the creation and awarding of designations, certifications and degrees in real estate.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,439,173
Investment Income $797,010
Other Revenue $43,500
TOTAL REVENUE $9,279,683

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $3,308,799
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,654,814
TOTAL EXPENSES $9,063,613

Year-over-Year Comparison

2023 2022 Change
Revenue $9,279,683 $8,600,055 +0.1%
Expenses $9,063,613 $7,816,519 +0.2%
Net Income $216,070 $783,536 -0.7%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
26
Volunteers
100

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
4
$4,662,802
Total Directors
5
$4,810,321
Key Employees
1
$206,216
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President (THRU 11/17/2023) 1.0
Officer Director
$0 $56,976 $3,059,724
N/A SECRETARY/TREASURER 7.5
Officer Director
$0 $56,976 $763,655
N/A Interim President (BEG 11/20/2023) 1.0
Officer Director
$0 $56,976 $484,589
N/A BOARD MEMBER (THRU 8/28/2023) 1.0
Director
$0 $0 $220,859
N/A BOARD MEMBER (NAR President) 1.0
Director
$0 $0 $281,494
N/A VICE PRESIDENT AND EXECUTIVE DIRECTOR 37.5
Officer
$300,780 $54,054 $354,834
N/A DIRECTOR OF BUSINESS AND INSTRUCTOR DEVELOPMENT 37.5
Key Emp
$165,673 $40,543 $206,216
N/A DIRECTOR OF MARKETING AND EVENTS 37.5
Highest
$147,588 $38,735 $186,323
N/A Director of Learning and Development 37.5
Highest
$142,117 $38,188 $180,305
N/A Manager, Learning and Digital Design 37.5
Highest
$107,943 $34,770 $142,713
N/A Manager, Learning and Development Programs 37.5
Highest
$114,284 $35,404 $149,688
N/A Director of Credentials and Operations 37.5
Highest
$144,623 $38,438 $183,061
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 $9,279,683 $9,063,613 $27,241,815 $216,070
2022 $8,600,055 $7,816,519 $25,910,426 $783,536
2021 $9,121,401 $8,112,354 $26,431,436 $1,009,047
2020 $10,219,477 $8,364,220 $25,718,110 $1,855,257
2019 $8,747,852 $7,643,241 $23,293,898 $1,104,611
2018 $8,119,470 $7,736,334 $21,525,366 $383,136
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