GREATER LAKES ASSOCIATION OF REALTORS INC (EIN 411364966) - 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

1981

Legal Domicile

Principal Officer

MANDY PETERSON

Phone

2188284567

Tax Period

2023-01-01 to 2023-12-31

GREATER LAKES ASSOCIATION OF REALTORS INC, founded in 1981, is a small nonprofit that reported $888K in total revenue in fiscal year 2023. Expenses of $779K left a modest 12% surplus.

Mission

IT IS THE MISSION OF THE GLAR TO PROVIDE MEMBERS WITH EDUCATION AND RESOURCES THAT WILL ENABLE THEM TO BE SUCCESSFUL, TO ADHERE TO THE REALTOR CODE OF ETHICS, SERVE THE PUBLIC WITH THE HIGHEST DEGREE OF PROFESSIONALISM, ENHANCE THE REALTOR IMAGE THROUGHOUT THE COMMUNITY, AND PROMOTE AND PROTECT PRIVATE PROPERTY RIGHTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $269,392

Program Service Revenue $591,884

Investment Income $26,838

Other Revenue $0

TOTAL REVENUE $888,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,745

Fundraising Expenses $0

Other Expenses $613,546

TOTAL EXPENSES $779,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$888,114	$832,940	+0.1%
Expenses	$779,291	$685,846	+0.1%
Net Income	$108,823	$147,094	-0.3%

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

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

$52,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOLLY MATTEN	CEO	40.00	Officer	$52,482	$0	$52,482
THERESA BILBEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
LIESA BIRKEMEYER	DIRECTOR	2.00	Director	$0	$0	$0
RAELYN BORG	SECRETARY	2.00	Officer Director	$0	$0	$0
GLORIA HEDSTROM	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE MOE	MNAR DIRECTO	2.00	Director	$0	$0	$0
MOLLY NELSON	PAST PRES/MN	2.00	Director	$0	$0	$0
TIM NELSON	DIRECTOR	2.00	Director	$0	$0	$0
MANDY PETERSON	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
JOE SPARKS	AFFILIATE DI	2.00	Director	$0	$0	$0
SANDY SWANSON	DIRECTOR	2.00	Director	$0	$0	$0
TRISH TENOLD	TREASURER	2.00	Officer 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	No data	No data	No data	No data
2023	$888,114	$779,291	$1,971,235	$108,823
2019	$630,577	$542,567	$1,193,500	$88,010
2018	$612,416	$574,147	$1,177,760	$38,269

GREATER LAKES ASSOCIATION OF REALTORS INC