Itasca County Board of Realtors

EIN: 411315265 Community Improvement

Grand Rapids, MN

Total Revenue
$127,156
Total Expenses
$120,945
Total Assets
$83,665
Net Assets
$83,416
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
Principal Officer
Greg Anselmo
Phone
2183264533
Tax Period
2024-01-01 to 2024-12-31

Itasca County Board of Realtors, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $127K in total revenue in fiscal year 2024. Expenses of $121K left a modest 5% surplus.

Mission

Itasca County Board of Realtors was formed for the purpose of supporting its real estate professional membership by providing programs and services to assist its members in serving the public by promoting real estate in the greater Itasca County area. Membership in Itasca County Board of Realtors allows real estate professionals eligibility in the National Association of Realtors and Minnesota Association of Realtors' programs and recognition. The organization provides its members with educational, professional and ethical information, as well as community involvement and exposure to the public through its advocacy.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $126,987
Investment Income $169
Other Revenue $0
TOTAL REVENUE $127,156

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,108
Fundraising Expenses $0
Other Expenses $79,837
TOTAL EXPENSES $120,945

Year-over-Year Comparison

2024 2023 Change
Revenue $127,156 $118,831 +0.1%
Expenses $120,945 $111,106 +0.1%
Net Income $6,211 $7,725 -0.2%
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

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Governance

Voting Members
14
Independent Members
N/A
Employees
1
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Deb Bounds Director 4.00
Director
$0 $0 $0
Fiona Peterson Director 4.00
Director
$0 $0 $0
Jim Kutschat Director 4.00
Director
$0 $0 $0
Annalea Peters Director 4.00
Director
$0 $0 $0
Bridger Hopkins Director 4.00
Director
$0 $0 $0
Stephanie Alzen Director 4.00
Director
$0 $0 $0
Sara Rose Schafhauser Director 4.00
Director
$0 $0 $0
Nic Zerfas Director 4.00
Director
$0 $0 $0
Terri Haapoja Director 4.00
Director
$0 $0 $0
Pam Gilhousen Director 4.00
Director
$0 $0 $0
Greg Anselmo President 6.00
Officer
$0 $0 $0
Morgan Hopkins Director 6.00
Officer
$0 $0 $0
Apryl Mertes Secretary 6.00
Officer
$0 $0 $0
Alex Bloch Treasurer 6.00
Officer
$0 $0 $0
Cathy Olds Assoc. Exec. Asst. 30.00
$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 $127,156 $120,945 $83,665 $6,211
2023 $118,831 $111,106 $79,732 $7,725
2022 $114,220 $113,192 $71,867 $1,028
2021 $114,034 $103,437 $68,452 $10,597
2020 $82,975 $76,196 $57,855 $6,779
2019 $91,228 $97,337 $52,796 $-6,109
2018 $92,902 $88,772 $57,264 $4,130
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