SOUTHWESTERN MICHIGAN BOARD OF REALTORS INC (EIN 381841476) - 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

1970

Legal Domicile

Phone

2699836375

Tax Period

2024-07-01 to 2025-06-30

SOUTHWESTERN MICHIGAN BOARD OF REALTORS INC, founded in 1970, is a small nonprofit that reported $388K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 21% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE FOR THE EDUCATION OF THE ORGANIZATIONS MEMBERS AND THE GENERAL PUBLIC IN MATTERS CONCERNING REAL ESTATE TRANSACTIONS.

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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 $336,602

Program Service Revenue $108,123

Investment Income $12,648

Other Revenue $-69,125

TOTAL REVENUE $388,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,661

Other Expenses $308,112

TOTAL EXPENSES $308,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,248	$352,218	+0.1%
Expenses	$308,112	$280,543	+0.1%
Net Income	$80,136	$71,675	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA NUTTO	DIRECTOR	3.00	Director	$0	$0	$0
LISA WRIGHT MOORE	EX OFFICIO	3.00	Director	$0	$0	$0
DEBBIE SMIDLER	DIRECTOR	4.00	Director	$0	$0	$0
DANIEL COFFEY	DIRECTOR	1.50	Director	$0	$0	$0
KYLE ZELMER	DIRECTOR	1.50	Director	$0	$0	$0
RON SEILER	DISTRICT DIRECTOR	1.50	Director	$0	$0	$0
PHYLLIS PALMER	DIRECTOR	0.00	Director	$0	$0	$0
LORI BENNETT	DIRECTOR	0.00	Director	$0	$0	$0
RONALD SEILER	DIRECTOR	0.00	Director	$0	$0	$0
MARK VANDUSEN	DIRECTOR	0.00	Director	$0	$0	$0
BRANDON STACEY	DIRECTOR	0.00	Director	$0	$0	$0
ARIELLE RINGER	DIRECTOR	0.00	Director	$0	$0	$0
GARY DEPA	PRESIDENT ELECT	1.50	Officer	$0	$0	$0
MICHAEL FISHER	TREASURER	1.50	Officer	$0	$0	$0
LUKE JEFFRIES	CHIEF EXECUTIVE OFFICER	40.00	Officer Key Emp	$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	$388,248	$308,112	$1,014,310	$80,136
2024	$352,218	$280,543	$918,173	$71,675
2023	$424,874	$315,468	$827,270	$109,406
2022	$450,568	$312,042	$718,735	$138,526
2019	$368,060	$275,548	$992,635	$92,512

SOUTHWESTERN MICHIGAN BOARD OF REALTORS INC