SOUTHEASTERN BORDER ASSOCIATION OF REALTORS

EIN: 386068561

MONROE, MI

Total Revenue
$340,324
Total Expenses
$371,082
Total Assets
$439,335
Net Assets
$405,329
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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
1975
Legal Domicile
MI
Principal Officer
SHANNON HARNER
Phone
7342426811
Tax Period
2025-01-01 to 2025-12-31

SOUTHEASTERN BORDER ASSOCIATION OF REALTORS, founded in 1975, is a small nonprofit that reported $340K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year.

Mission

PROVIDING EDUCATION AND INFORMATION ON ISSUES PERTINENT TO THE REAL ESTATE 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $268,484
Investment Income $638
Other Revenue $71,202
TOTAL REVENUE $340,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,463
Fundraising Expenses $0
Other Expenses $291,619
TOTAL EXPENSES $371,082

Year-over-Year Comparison

2025 2024 Change
Revenue $340,324 $375,964 -0.1%
Expenses $371,082 $373,437 0.0%
Net Income $-30,758 $2,527 -13.2%
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

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Governance

Voting Members
15
Independent Members
15
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
3
$55,918
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORDAN BOBBITT PRESIDENT 0.00
Officer
$0 $0 $0
STEVE HUDKINS TREASURER 0.00
Officer
$0 $0 $0
SHANNON HARNER EXECUTIVE DIRECTOR 20.00
Officer
$55,918 $0 $55,918
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 $340,324 $371,082 $439,335 $-30,758
2024 $375,964 $373,437 $475,730 $2,527
2023 $358,681 $323,851 $478,566 $34,830
2022 $352,938 $399,110 $452,200 $-46,172
2021 $385,764 $357,366 $504,643 $28,398
2020 $416,910 $334,409 $486,335 $82,501
2019 $412,508 $452,947 $413,247 $-40,439
2018 $302,265 $287,113 $467,732 $15,152
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