SOUTHWESTERN ILLINOIS BOARD OF REA… - 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

1918

Legal Domicile

Principal Officer

ERICA KIRK

Phone

6182771980

Tax Period

2023-01-01 to 2023-12-31

SOUTHWESTERN ILLINOIS BOARD OF REALTORS, founded in 1918, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 10% surplus.

Mission

TO PROVIDE RESOURCES, ADVOCACY AND EDUCATION FOR A DIVERSE COMMUNITY OF PROFESSIONALS AND IS DEDICATED TO THE HIGHEST STANDARDS OF SERVICE IN A CHANGING REAL ESTATE MARKET.

Program Service Accomplishments

Program 1

Expenses: $330,845 Revenue: $448,075

THE SOUTHWESTERN ILLINOIS BOARD OF REALTORS PROVIDES A MULTIPLE LISTING SERVICE AND LOCKBOX SYSTEM TO THOSE MEMBERS WHO WISH TO PARTICIPATE.

Program 2

Expenses: $181,483 Revenue: $119,597

THE SOUTHWESTERN ILLINOIS BOARD OF REALTORS PROVIDES EDUCATION AND INFORMATION TO ITS MEMBERS AND THE GENERAL PUBLIC VIA SOCIAL EVENTS, CONFERENCES, INDOCTRINATION, AND TRAINING.

Program 3

Expenses: $360,059 Revenue: $1,126,495

THE SOUTHWESTERN ILLINOIS BOARD OF REALTORS PROVIDES SUPPORT TO ITS MEMBERS THROUGH THE ASSISTANCE OF ITS STAFF AND FACILITIES TO COORDINATE THE SERVIES OF MANY ASPECTS OF THE 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 $0

Program Service Revenue $1,638,245

Investment Income $37,309

Other Revenue $18,613

TOTAL REVENUE $1,694,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,587

Fundraising Expenses $0

Program Expenses $872,387

Other Expenses $1,026,217

TOTAL EXPENSES $1,532,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,694,167	$809,623	+1.1%
Expenses	$1,532,804	$900,860	+0.7%
Net Income	$161,363	$-91,237	-2.8%

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

Volunteers

150

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

$153,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM ROW	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK SWAIN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
ASHELY BARUD	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JEAN LEWIS	PAST PRESIDENT	1.00	Director	$0	$0	$0
AMY HILLARY	DIRECTOR	1.00	Director	$0	$0	$0
BOB STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA DOCHWAT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOTTERBUSH	DIRECTOR	1.00	Director	$0	$0	$0
MARK FLESHER	DIRECTOR	1.00	Director	$0	$0	$0
ERICKA LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD COOLBAUGH	AFFILIATE LIAISON	1.00	Director	$0	$0	$0
CALEB MARSH	DIRECTOR	1.00	Director	$0	$0	$0
ERICA KIRK	CEO	48.00	Key Emp	$151,917	$1,810	$153,727

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	$1,694,167	$1,532,804	$2,813,224	$161,363
2022	$809,623	$900,860	$2,435,142	$-91,237
2021	$852,796	$763,503	$873,858	$89,293
2020	$809,467	$687,710	$710,952	$121,757

SOUTHWESTERN ILLINOIS BOARD OF REALTORS