Lakes Area Realtors Association Inc (EIN 391157870) - 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

1971

Legal Domicile

Phone

2627236851

Tax Period

2017-01-01 to 2017-12-31

Lakes Area Realtors Association Inc, founded in 1971, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2017. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 30% operating margin.

Mission

The Lakes Area REALTORS Association is a regional advocate for REALTORS and property owners rights while promoting high standards of practice and professionalism.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $139,596

Investment Income $31,547

Other Revenue $2,951

TOTAL REVENUE $174,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,636

Fundraising Expenses $0

Program Expenses $121,355

Other Expenses $64,717

TOTAL EXPENSES $121,353

Year-over-Year Comparison

	2017	2016	Change
Revenue	$174,094	$144,297	+0.2%
Expenses	$121,353	$135,162	-0.1%
Net Income	$52,741	$9,135	+4.8%

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

457

Employees

Volunteers

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

Total Directors

$52,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Vandeville	Director	1.00	Director	$0	$0	$0
Debbie O'Brien	Director	1.00	Director	$0	$0	$0
Mac Corey	Director	1.00	Director	$0	$0	$0
Mary Brennan	Director	1.00	Director	$0	$0	$0
Denise Schultz	CEO	40.00	Director	$52,000	$0	$52,000
Becky Merwin	President	5.00	Officer	$0	$0	$0
Wade Williams	President-Elect	1.00	Officer	$0	$0	$0
Jan Alvey	Secretary-Treas	2.00	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
2024	No data	No data	No data	No data
2017	$174,094	$121,353	$312,223	$52,741

Lakes Area Realtors Association Inc