WISCONSIN REALTORS ASSOCIATION INC

EIN: 390782674

MADISON, WI

Total Revenue
$6,685,141
Total Expenses
$7,604,485
Total Assets
$21,870,619
Net Assets
$15,635,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
WI
Principal Officer
THOMAS LARSON
Phone
6082412047
Tax Period
2023-01-01 to 2023-12-31

WISCONSIN REALTORS ASSOCIATION INC, founded in 1925, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $7.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO UNITE LOCAL BOARDS OF REALTORS, HEREINAFTER REFERRED TO AS BOARDS AND THEIR MEMBERS, AND INDIVIDUAL MEMBERS, IN THE STATE OF WISCONSIN FOR THE PURPOSE OF SERVING ITS MEMBERS AND THE NATIONAL ASSOCIATION OF REALTORS IN CONJUNCTION WITH LOCAL BOARDS OF REALTORS BY FURNISHING PROGRAMS AND SERVICES THAT PROMOTE AN ENVIRONMENT IN WHICH ITS MEMBERS MAY SUCCESSFULLY CONDUCT THEIR INDIVIDUAL BUSINESSES WHILE SERVING THEIR CLIENTS AND THE PUBLIC WITH THE HIGHEST DEGREE OF PROFESSIONALISM; AND THROUGH COOPERATIVE ACTION, PRESERVE AND ENHANCE THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $214,766
Program Service Revenue $6,110,534
Investment Income $210,788
Other Revenue $149,053
TOTAL REVENUE $6,685,141

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,171,451
Fundraising Expenses $0
Other Expenses $3,433,034
TOTAL EXPENSES $7,604,485

Year-over-Year Comparison

2023 2022 Change
Revenue $6,685,141 $8,927,246 -0.3%
Expenses $7,604,485 $7,393,731 +0.0%
Net Income $-919,344 $1,533,515 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
26
Independent Members
26
Employees
44
Volunteers
121

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
7
$704,343
Total Directors
26
$1,798
Key Employees
1
$388,683
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH HORNING CHAIR OF THE BOARD 3.08
Officer Director
$1,500 $0 $1,500
AMY CURLER VICE PRESIDENT 1.12
Officer Director
$0 $0 $0
MAXELLE REA VICE PRESIDENT 1.12
Officer Director
$0 $0 $0
MARY JO BOWE CHAIR OF THE BOARD-ELECT 3.08
Officer Director
$298 $0 $298
CHRIS DEVINCENTIS TREASURER 3.08
Officer Director
$0 $0 $0
BRADLEY LOIS IMMEDIATE PAST CHAIR 1.12
Director
$0 $0 $0
SHAWNA ALT STATEWIDE COMPANY DIRECTOR 0.61
Director
$0 $0 $0
DEBORAH CAPPELLO STATEWIDE COMPANY DIRECTOR 0.61
Director
$0 $0 $0
JOHN HORNING STATEWIDE COMPANY DIRECTOR 0.61
Director
$0 $0 $0
RYAN FULCER REGIONAL COMPANY DIRECTOR 0.61
Director
$0 $0 $0
ROB RYBARCZYK REGIONAL COMPANY DIRECTOR 0.61
Director
$0 $0 $0
DAVID STARK REGIONAL COMPANY DIRECTOR 0.61
Director
$0 $0 $0
THOMAS SYKORA REGIONAL COMPANY DIRECTOR 0.61
Director
$0 $0 $0
KATHRYN VOLLER REINKING REGIONAL COMPANY DIRECTOR 0.61
Director
$0 $0 $0
DIANE CAMPSHURE WALCZYK REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
SARAH COLE REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
THOMAS KEEFE REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
STEVEN LILLESTRAND REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
LAURIE LOGAN REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
KC MAURER REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
STACEY MCKINNEY REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
BRIAN SLINKMAN REGIONAL REPRESENTATIVE DIRECTOR 0.61
Director
$0 $0 $0
CHRISTOPHER CARRILLO AT-LARGE DIRECTOR 0.61
Director
$0 $0 $0
SR MILLS AT-LARGE DIRECTOR 0.61
Director
$0 $0 $0
MARY DUFF WRA PAST CHAIR OF THE BOARD 0.61
Director
$0 $0 $0
TERRY HILGENBERG WRA PAST CHAIR OF THE BOARD 0.61
Director
$0 $0 $0
MICHAEL THEO PRESIDENT AND CEO 37.50
Officer
$424,901 $34,520 $459,421
STEPHANIE LARSON CHIEF FINANCIAL OFFICER 37.50
Officer
$218,509 $24,615 $243,124
THOMAS LARSON EXECUTIVE VICE PRESIDENT 37.50
Key Emp
$352,410 $36,273 $388,683
CORI LAMONT SR DIRECTOR OF LEGAL & PUBLIC AFFAIRS 37.50
Highest
$208,813 $15,949 $224,762
EARL MURRAY DIRECTOR OF POLITICAL & GOV. AFFAIRS 37.50
Highest
$143,037 $8,645 $151,682
KRISTI MIKALSEN VP PROFESSIONAL DEVELOPMENT 37.50
Highest
$136,338 $8,240 $144,578
ANDREW MCKENZIE DATABASE DEVELOPER 37.50
Highest
$129,481 $7,825 $137,306
DEBRA LLOYD SR ATTORNEY & DIRECTOR OF LEGAL AFFAIRS 37.50
Highest
$128,637 $10,197 $138,834
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 $6,685,141 $7,604,485 $21,870,619 $-919,344
2022 $8,927,246 $7,393,731 $21,026,159 $1,533,515
2021 $7,218,750 $6,614,427 $21,391,509 $604,323
2020 $3,842,893 $1,580,903 $19,442,114 $2,261,990
2020 $6,268,824 $6,558,403 $14,818,315 $-289,579
2019 $7,636,862 $6,482,557 $13,599,938 $1,154,305
2018 $7,005,222 $6,248,018 $12,561,964 $757,204
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