SOUTHSHORE REALTORS ASSOCIATION INC

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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

Principal Officer

JANET TORRES

Phone

2629420592

Tax Period

2024-01-01 to 2024-12-31

SOUTHSHORE REALTORS ASSOCIATION INC is a small nonprofit that reported $687K in total revenue in fiscal year 2024. Expenses of $647K left a modest 6% surplus.

Mission

TO PROVIDE MEMBERSHIP BENEFITS SUCH AS EDUCATION, LICENSING, NEWSLETTERS, ARBITRATION, ETC.TO THE MEMBERS OF THE ORGANIZATION

Program Service Accomplishments

Program 1

TO PROVIDE MEMBERSHIP BENEFITS SUCH AS EDUCATION, LICENSING, NEWSLETTERS, ARBITRATION, ETC.TO THE MEMBERS OF THE ORGANIZATION

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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 $0

Program Service Revenue $643,016

Investment Income $11,555

Other Revenue $32,420

TOTAL REVENUE $686,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,985

Fundraising Expenses $0

Other Expenses $567,029

TOTAL EXPENSES $647,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,991	$675,439	+0.0%
Expenses	$647,014	$638,582	+0.0%
Net Income	$39,977	$36,857	+0.1%

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

$39,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET TORRES	Secretary	20.00	Officer	$39,180	$0	$39,180
MEAGAN BAUGHER	Director	0.00	Director	$0	$0	$0
DAVE CORBAN	Director	0.00	Director	$0	$0	$0
JESSICA SMITH	Director	0.00	Director	$0	$0	$0
MATT CIBRARIO	Director	0.00	Director	$0	$0	$0
MARK FRISCO	Director	0.00	Director	$0	$0	$0
PETE O'CONNOR	Director	0.00	Director	$0	$0	$0
ALICIA CHOVAN	President	0.00	Officer	$0	$0	$0
SANDY CARLSON	Vice President	0.00	Officer	$0	$0	$0
GRACE PARRISH	Treasurer	0.00	Officer	$0	$0	$0
WENDY GAUSS	Vice President	0.00	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
2025	No data	No data	No data	No data
2024	$686,991	$647,014	$1,070,755	$39,977
2023	$675,439	$638,582	$1,017,094	$36,857
2022	$704,413	$648,239	$1,049,196	$56,174
2021	$671,205	$607,261	$973,041	$63,944
2020	$602,388	$512,809	$869,543	$89,579
2019	$616,940	$572,535	$775,180	$44,405
2018	$510,204	$411,679	$718,621	$98,525