BAY COUNTY REALTOR ASSOCIATION INC (EIN 382182870) - 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

1946

Legal Domicile

Principal Officer

LISA MACGREGOR

Phone

9898928541

Tax Period

2023-10-01 to 2024-09-30

BAY COUNTY REALTOR ASSOCIATION INC, founded in 1946, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 36% operating margin.

Mission

TO PROMOTE THE REAL ESTATE BUSINESS IN BAY COUNTY, MICHIGAN AND TO EDUCATE ITS REALTOR MEMBERS IN THE LAW AND BUSINESS ETHICS OF TRANSACTING REAL PROPERTY SALES.

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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 $175,753

Investment Income $82

Other Revenue $182,981

TOTAL REVENUE $358,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,485

Fundraising Expenses $0

Other Expenses $121,882

TOTAL EXPENSES $229,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,816	$249,865	+0.4%
Expenses	$229,367	$282,486	-0.2%
Net Income	$129,449	$-32,621	-5.0%

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

Governance

Voting Members

Independent Members

Employees

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

$62,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA MACGREGOR	EXECUTIVE DI	40.00	Officer	$62,617	$0	$62,617
JEFF HEPPNER	AFFILIATE DI	2.00	Director	$0	$0	$0
JOHN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
DAN MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
MACKENZIE STEINHAUER	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIS HEPPNER	TREASURER	2.00	Officer	$0	$0	$0
MIKE MEEHLEDER	PRESIDENT	4.00	Officer	$0	$0	$0
ROB SHORT	IMM PAST PRE	2.00	Officer	$0	$0	$0
KATE YOUNG	PRESIDENT EL	4.00	Officer	$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	$358,816	$229,367	$357,935	$129,449
2023	$249,865	$282,486	$352,164	$-32,621
2022	$281,009	$297,062	$327,417	$-16,053
2021	$260,216	$246,356	$373,045	$13,860
2020	$281,585	$295,919	$369,158	$-14,334
2019	$245,318	$275,122	$331,056	$-29,804
2018	$262,057	$287,797	$273,463	$-25,740

BAY COUNTY REALTOR ASSOCIATION INC