INSTITUTE OF REAL ESTATE MANAGEMENT (EIN 366214767) - 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

1933

Legal Domicile

Principal Officer

CHRISTOPHER MIGALA

Phone

8008370706

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT, founded in 1933, is a mid-sized nonprofit in the Community Improvement sector that reported $14.1M in total revenue in fiscal year 2024.

Mission

TO ADVANCE THE PROFESSION OF REAL ESTATE MANAGEMENT.

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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 $487,582

Program Service Revenue $12,677,551

Investment Income $482,815

Other Revenue $485,922

TOTAL REVENUE $14,133,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,277,415

Fundraising Expenses $0

Other Expenses $6,908,918

TOTAL EXPENSES $14,186,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,133,870	$14,110,208	+0.0%
Expenses	$14,186,333	$13,889,329	+0.0%
Net Income	$-52,463	$220,879	-1.2%

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

350

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

$748,170

Total Directors

Key Employees

$702,547

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH EKRE CPM	IREM PRESIDENT	25.00	Officer Director	$0	$0	$0
DAWN CARPENTER CPM	IREM PRESIDENT ELECT	25.00	Officer Director	$0	$0	$0
MINDY GRONBECK CPM	IREM SECRETARY TREASURER	25.00	Officer Director	$0	$0	$0
BRAD ASHLEY CPM	DIRECTOR	1.00	Director	$0	$0	$0
BRANDEN BARKER CPM	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BENOIT CPM	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY COLLINS CPM	DIRECTOR	25.00	Director	$0	$0	$0
TONI HARRIS CPM ARM	DIRECTOR	1.00	Director	$0	$0	$0
DEE HEADLEY CPM	FOUNDATION PRESIDENT	1.00	Director	$0	$0	$0
RYAN HUFFMAN CPM	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY INGELSON CPM	DIRECTOR	1.00	Director	$0	$0	$0
JASON JACKSON CPM ARM	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY KRAMER CPM ARM	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PHARR CPM	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH PHILLIPS CPM	DIRECTOR	1.00	Director	$0	$0	$0
RENEE SAVAGE CPM	IREM PAST PRESIDENT	10.00	Director	$0	$0	$0
SHARON SIMMONS CPM	DIRECTOR	1.00	Director	$0	$0	$0
CHIP WATTS CPM	NAR REP TO IREM BOARD	1.00	Director	$0	$0	$0
LINDA CARADINE-POINSETT	EVP AND CEO (THRU 5/17/24)	45.00	Officer	$256,957	$41,511	$298,468
CHRISTOPHER MIGALA	CFAO	45.00	Officer	$213,623	$45,767	$259,390
MARIE BERNADETTE PATTON	INTERIM CEO (FROM 5/20/24)	45.00	Officer	$190,312	$0	$190,312
WENDY BECKER	CPO	45.00	Key Emp	$212,131	$45,330	$257,461
LYNN DISBROW	COO	45.00	Key Emp	$215,715	$30,925	$246,640
BRIDGET TERRONES	VICE-PRESIDENT, MARKETING	45.00	Key Emp	$180,405	$18,041	$198,446
ALEX LEVIN	SR. DIRECTOR, TECHNOLOGY & COM	45.00	Highest	$150,233	$34,387	$184,620
JOEL LOUGHMAN	DIRECTOR, ASSOC. MANAGEMENT	45.00	Highest	$141,592	$23,721	$165,313
LEAH MISBIN	SR. DIRECTOR, INTERNATIONAL PROGRAMS	45.00	Highest	$130,009	$33,718	$163,727
LILLIANE SMOTHERS	SR. DIRECTOR, MEMBERSHIP & CHAPTERS	45.00	Highest	$140,000	$23,314	$163,314
STACY PRICHISKY	DIRECTOR, HUMAN RESOURCES	45.00	Highest	$136,556	$23,567	$160,123

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	$14,133,870	$14,186,333	$9,241,977	$-52,463
2023	$14,110,208	$13,889,329	$10,227,366	$220,879
2022	$12,623,789	$13,177,620	$10,259,836	$-553,831
2021	$14,078,057	$13,333,884	$10,741,868	$744,173
2020	$12,190,255	$11,279,837	$8,816,882	$910,418
2019	$12,757,794	$12,655,578	$7,748,363	$102,216
2018	$12,651,332	$12,379,771	$8,086,049	$271,561

INSTITUTE OF REAL ESTATE MANAGEMENT