CENTRAL MICHIGAN ASSOCIATION OF REALTORS INC (EIN 382269463) - 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

1988

Legal Domicile

Principal Officer

GREG HALL

Phone

9897732564

Tax Period

2024-01-01 to 2024-12-31

CENTRAL MICHIGAN ASSOCIATION OF REALTORS INC, founded in 1988, is a small nonprofit that reported $236K in total revenue in fiscal year 2024. Expenses of $222K left a modest 6% 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. TO PROVIDE UNIFIED SERVICES TO MEMBERS OF THE BOARD OF REALTORS IN GRATIOT AND ISABELLA COUNTIES THAT ARE NOT AVAILABLE ELSEWHERE.

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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 $54,613

Program Service Revenue $154,876

Investment Income $9,854

Other Revenue $16,280

TOTAL REVENUE $235,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,979

Fundraising Expenses $0

Program Expenses $103,462

Other Expenses $156,644

TOTAL EXPENSES $221,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,623	$221,408	+0.1%
Expenses	$221,623	$221,305	+0.0%
Net Income	$14,000	$103	+134.9%

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

$60,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZ BLISS	TREASURER	5.00	Officer Director	$0	$0	$0
JIM PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
GREG HALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI GAMBLE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KEATING	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE WENTWORTH	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
CHERYL REEVES	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE CORBIN	SECRETARY	5.00	Officer Director	$0	$0	$0
MEREDITH LOTT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BIGARD	DIRECTOR	1.00	Director	$0	$0	$0
LORI YOUNG	AFFILIATE DIRECTOR	1.00	Director	$0	$0	$0
TREVOR TURNER	ASSOCIATION EXECUTIVE	40.00	Officer	$60,275	$0	$60,275

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	$235,623	$221,623	$479,370	$14,000
2023	$221,408	$221,305	$463,976	$103
2022	$233,058	$213,295	$453,107	$19,763
2021	$227,861	$199,525	$429,667	$28,336
2020	$202,178	$182,027	$392,099	$20,151
2020	$202,178	$182,027	$392,099	$20,151
2019	$224,283	$201,310	$370,024	$22,973
2018	$194,889	$171,305	$343,231	$23,584

CENTRAL MICHIGAN ASSOCIATION OF REALTORS INC