CAPITAL AREA ASSOCIATION OF REALTORS

EIN: 370713004

SPRINGFIELD, IL

Total Revenue
$1,337,138
Total Expenses
$1,202,885
Total Assets
$2,464,525
Net Assets
$1,709,444
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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
1921
Legal Domicile
IL
Principal Officer
KIMBERLY ELLIOTT
Phone
2176987000
Tax Period
2025-01-01 to 2025-12-31

CAPITAL AREA ASSOCIATION OF REALTORS, founded in 1921, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Expenses of $1.2M left a modest 10% surplus.

Mission

TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION.

Program Service Accomplishments

Program 1

TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. TO PROMOTE AND MAINTAIN...

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TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $934,773
Investment Income $38,644
Other Revenue $363,721
TOTAL REVENUE $1,337,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $428,450
Fundraising Expenses $0
Other Expenses $774,435
TOTAL EXPENSES $1,202,885

Year-over-Year Comparison

2025 2024 Change
Revenue $1,337,138 $1,336,705 +0.0%
Expenses $1,202,885 $1,205,479 0.0%
Net Income $134,253 $131,226 +0.0%
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

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Governance

Voting Members
18
Independent Members
18
Employees
6
Volunteers
N/A

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
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY NICHELSON EXECUTIVE DI 40.00
Highest
$126,947 $5,077 $132,024
CATHY WAGNER MLS DIRECTOR 40.00
Highest
$120,666 $4,827 $125,493
EDWARD BOWEN DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL BUSCHER DIRECTOR 2.00
Director
$0 $0 $0
NICHOLAS CAMPO DIRECTOR 2.00
Director
$0 $0 $0
SARAH DISNEY DIRECTOR 2.00
Director
$0 $0 $0
NATCHURE ECHOLS DIRECTOR 2.00
Director
$0 $0 $0
DIANE ELDRIDGE DIRECTOR 2.00
Director
$0 $0 $0
KIMBERLY ELLIOTT PRESIDENT 2.00
Officer Director
$0 $0 $0
SANDRA HAMILTON DIRECTOR 2.00
Director
$0 $0 $0
GORDON JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN KERSTEIN PRESIDENT EL 2.00
Officer Director
$0 $0 $0
TERRY MYERS SEC/TREASURE 2.00
Officer Director
$0 $0 $0
MICHAEL OLDENETTEL DIRECTOR 2.00
Director
$0 $0 $0
DEBRA SARSANY DIRECTOR 2.00
Director
$0 $0 $0
BARBARA SCOTT DIRECTOR 2.00
Director
$0 $0 $0
JAN SMITH DIRECTOR 2.00
Director
$0 $0 $0
JULIE TIMM DIRECTOR 2.00
Director
$0 $0 $0
DIANE TINSLEY DIRECTOR 2.00
Officer Director
$0 $0 $0
LUKE WORRELL DIRECTOR 2.00
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
2025 $1,337,138 $1,202,885 $2,464,525 $134,253
2024 $1,336,705 $1,205,479 $2,319,116 $131,226
2023 $1,272,033 $1,122,518 $2,148,445 $149,515
2022 $1,191,335 $1,033,401 $1,975,418 $157,934
2021 $1,122,237 $962,383 $1,736,189 $159,854
2020 $863,898 $895,587 $1,561,949 $-31,689
2019 $978,420 $961,445 $1,567,165 $16,975
2018 $1,002,733 $992,216 $1,536,311 $10,517
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