SOUTHEAST MINNESOTA ASSOCIATION OF REALTORS INC (EIN 410919175) - 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

1964

Legal Domicile

Principal Officer

CARRIE KLASSEN

Phone

5072859833

Tax Period

2024-01-01 to 2024-12-31

SOUTHEAST MINNESOTA ASSOCIATION OF REALTORS INC, founded in 1964, is a small nonprofit in the Community Improvement sector that reported $661K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $609K left a modest 8% surplus.

Mission

TO ORGANIZE, EDUCATE AND ENHANCE THE PROFESSIONALISM OF ALL THE REALTORS IN SOUTHEASTERN MINNESOTA

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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 $598,592

Investment Income $61,769

Other Revenue $546

TOTAL REVENUE $660,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,433

Fundraising Expenses $0

Program Expenses $415,387

Other Expenses $313,311

TOTAL EXPENSES $608,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,907	$1,129,904	-0.4%
Expenses	$608,744	$696,186	-0.1%
Net Income	$52,163	$433,718	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ESLAIT	DIRECTOR	N/A	Director	$0	$0	$0
LISA EVANS	DIRECTOR	N/A	Director	$0	$0	$0
TRACIE FOLGESON	AT LARGE DIR	N/A	Director	$0	$0	$0
MARGARET HEISE	MEMBERSHIP D	N/A	Director	$0	$0	$0
ADAM HOWELL	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
MICHELLE JANDT	DIRECTOR	N/A	Director	$0	$0	$0
CARRIE KLASSEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEVE LILLESTRAND	AT LARGE DIR	N/A	Director	$0	$0	$0
MARY L LINDGREN	MNAR DIRECTO	N/A	Director	$0	$0	$0
SHAUN MARTIN	VICE PRESIDE	N/A	Director	$0	$0	$0
DARCY MORESCKI	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN OHNSTAD	OWATONNA DIR	N/A	Director	$0	$0	$0
PATRICK PETERSON	WINONA DIREC	N/A	Director	$0	$0	$0
KAT RASMUSSEN	TREASURER	N/A	Officer Director	$0	$0	$0
KARL ROGERS	MNAR DIRECTO	N/A	Director	$0	$0	$0
JON RYAN	ROCHESTER DI	N/A	Director	$0	$0	$0
PAMELA SCHMIDT	ALBERT LEA D	N/A	Director	$0	$0	$0
JACOB SMITH	DIRECTOR	N/A	Director	$0	$0	$0
KYLE SWANSON	IMM PAST PRE	N/A	Officer Director	$0	$0	$0
JENNIFER WALSH	AUSTIN DIREC	N/A	Director	$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	$660,907	$608,744	$2,187,445	$52,163
2023	$1,415,578	$696,773	$2,481,070	$718,805
2023	$1,129,904	$696,186	$2,195,982	$433,718
2022	$601,235	$542,511	$1,179,036	$58,724
2021	$45,683	$165,216	$1,180,875	$-119,533
2021	$542,118	$519,951	$995,316	$22,167
2020	$461,379	$460,190	$1,423,770	$1,189
2019	$628,691	$590,755	$1,144,168	$37,936
2018	$442,828	$437,704	$1,147,053	$5,124

SOUTHEAST MINNESOTA ASSOCIATION OF REALTORS INC