GREATER MILWAUKEE ASSOCIATION OF REALTORS INC (EIN 390477740) - 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

1902

Legal Domicile

Principal Officer

MIKE RUZICKA

Phone

4147784929

Tax Period

2023-01-01 to 2023-12-31

GREATER MILWAUKEE ASSOCIATION OF REALTORS INC, founded in 1902, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023.

Mission

THE ASSOCIATION UNITES MEMBERS OF THE REAL ESTATE PROFESSION IN THE COMMUNITIES SERVED BY THE ASSOCIATION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE REAL ESTATE PROFESSION AND RELATED INTERESTS.

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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 $3,031,080

Investment Income $13,930

Other Revenue $-2,438

TOTAL REVENUE $3,042,572

Expense Breakdown

Grants Paid $36,535

Salaries & Benefits $1,143,040

Fundraising Expenses $0

Other Expenses $1,838,160

TOTAL EXPENSES $3,017,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,042,572	$3,081,233	0.0%
Expenses	$3,017,735	$2,835,072	+0.1%
Net Income	$24,837	$246,161	-0.9%

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

105

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

$333,239

Total Directors

$14,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA WALTERS	CHAIR	1.00	Officer Director	$5,995	$0	$5,995
SARAH COLE	CHAIR-ELECT	1.00	Officer Director	$3,396	$0	$3,396
ABBY HAUKE	SECRETARY/TREASURER	1.00	Officer Director	$1,000	$0	$1,000
KIM CURTIS	PAST CHAIR	1.00	Officer Director	$3,692	$0	$3,692
JOSE FLORES	DIRECTOR	1.00	Director	$0	$0	$0
JIM ZAREK	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY RYNDERS	DIRECTOR	1.00	Director	$0	$0	$0
SUMMER GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
JIM PURCELL	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE HEAD	DIRECTOR	1.00	Director	$0	$0	$0
TOM MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HEARST	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HORNING	DIRECTOR	1.00	Director	$0	$0	$0
MARK KIVLEY	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR MAYS	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN GOVERN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RUZICKA	PRESIDENT	40.00	Officer	$249,631	$69,525	$319,156
LEWIS BUSH	VICE PRESIDENT OF OPERATIONS	36.00	Highest	$140,909	$43,049	$183,958

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	No data	No data	No data	No data
2023	$3,042,572	$3,017,735	$7,184,338	$24,837
2022	$3,081,233	$2,835,072	$7,367,627	$246,161
2021	$2,380,526	$2,076,786	$7,902,612	$303,740
2020	$1,927,843	$2,035,642	$6,630,329	$-107,799
2019	$2,958,264	$2,656,155	$6,693,378	$302,109
2018	$2,124,358	$2,278,054	$6,210,858	$-153,696

GREATER MILWAUKEE ASSOCIATION OF REALTORS INC