WEST MI LAKESHORE ASSN OF REALTORS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JON BROADBOOKS

Phone

6168466240

Tax Period

2024-01-01 to 2024-12-31

WEST MI LAKESHORE ASSN OF REALTORS, founded in 1988, is a small nonprofit that reported $542K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $2.7M represent 60 months of operating reserves.

Mission

A LAKESHORE ASSOCIATION DEDICATED TO THE GROWTH OF REAL ESTATE PROFESSIONALS AND THE FUTURE OF THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

SERVED OVER 960 REALTORS AND 230 AFFILIATES WITH EDUCATIONAL PROGRAMS,COMMUNICATIONS (QUARTERLY REALTOR MAGAZINE, WEEKLY NEWS LETTER, AFFILIATE DIRECTORY), PROFESSIONAL STANDARDS AND TECHNICAL...

SERVED OVER 960 REALTORS AND 230 AFFILIATES WITH EDUCATIONAL PROGRAMS,COMMUNICATIONS (QUARTERLY REALTOR MAGAZINE, WEEKLY NEWS LETTER, AFFILIATE DIRECTORY), PROFESSIONAL STANDARDS AND TECHNICAL APPLICATION FOR REALTORS FOR PROFESSIONAL DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $428,471

Investment Income $81,724

Other Revenue $31,462

TOTAL REVENUE $541,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,630

Fundraising Expenses $0

Other Expenses $287,112

TOTAL EXPENSES $558,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$541,657	$442,053	+0.2%
Expenses	$558,742	$522,325	+0.1%
Net Income	$-17,085	$-80,272	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$127,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BROADBOOKS	CEO	20.00	Officer	$0	$0	$127,963
KIMBERLY RYAN	PRESIDENT	20.00	Officer Director	$0	$0	$0
DAN HENDRICK	PRES ELECT/T	20.00	Officer Director	$0	$0	$0
CINDY MAURER	PAST PRESIDE	20.00	Director	$0	$0	$0
GAIL DEVRIES	DIRECTOR	10.00	Director	$0	$0	$0
DEAN KREPS	DIRECTOR	10.00	Director	$0	$0	$0
JIM FETT	DIRECTOR	10.00	Director	$0	$0	$0
KEVIN HOEVE	DIRECTOR	10.00	Director	$0	$0	$0
ANGELA HYDE	DIRECTOR	10.00	Director	$0	$0	$0
ARIS KNITTER-LEE	DIRECTOR	10.00	Director	$0	$0	$0
KRISTIN OEGEMA	DIRECTOR	10.00	Director	$0	$0	$0
BRIT SHEARER	DIRECTOR	10.00	Director	$0	$0	$0
LUCAS SMITH	DIRECTOR	10.00	Director	$0	$0	$0
TARESSA SPRICK	DIRECTOR	10.00	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	$541,657	$558,742	$3,063,926	$-17,085
2023	$442,053	$522,325	$2,954,616	$-80,272
2022	$563,757	$505,098	$2,875,754	$58,659
2021	$535,383	$453,477	$3,081,342	$81,906
2020	$418,138	$402,153	$2,937,011	$15,985
2019	$453,957	$453,614	$2,762,931	$343
2018	$515,078	$484,857	$2,601,734	$30,221