WEST CENTRAL ASSOCIATION OF REALTOR

EIN: 411414799

WILLMAR, MN

Total Revenue
$429,661
Total Expenses
$346,485
Total Assets
$731,770
Net Assets
$731,353
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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

Legal Domicile
MN
Principal Officer
MAGGIE GROTHE
Phone
3202356881
Tax Period
2024-01-01 to 2024-12-31

WEST CENTRAL ASSOCIATION OF REALTOR is a small nonprofit that reported $430K in total revenue in fiscal year 2024. The organization ran a surplus of $83K, a strong 19% operating margin.

Mission

COLLECTION OF MEMBER DUES AND FEES WITH TRANSMITTALS TO THE LOCAL, STATE, AND NATIONAL LEVELS OF THE REALTOR ASSOCIATION, AS WELL AS, EDUCATIONAL MEETINGS AND PUBLIC AWARENESS.

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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 $383,972
Investment Income $7,340
Other Revenue $38,349
TOTAL REVENUE $429,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,760
Fundraising Expenses $0
Program Expenses $270,655
Other Expenses $257,725
TOTAL EXPENSES $346,485

Year-over-Year Comparison

2024 2023 Change
Revenue $429,661 $425,750 +0.0%
Expenses $346,485 $399,906 -0.1%
Net Income $83,176 $25,844 +2.2%
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
11
Independent Members
11
Employees
3
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
3
$46,462
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAGGIE GROTHE INTERIM CEO 40.00
Officer
$46,462 $0 $46,462
VONNIE CONE DIRECTOR N/A
Director
$0 $0 $0
SARAH JACOBSON DIRECTOR N/A
Director
$0 $0 $0
MORGAN MAHONEY DIRECTOR N/A
Director
$0 $0 $0
JUSTIN PAFFRATH DIRECTOR N/A
Director
$0 $0 $0
DON PEARCE MNR DIRECTOR N/A
Director
$0 $0 $0
LEE PORTER PAST PRESIDE N/A
Officer Director
$0 $0 $0
KARA PRESCOTT PRESIDENT N/A
Officer Director
$0 $0 $0
CYNTHIA ROGERS DIRECTOR N/A
Director
$0 $0 $0
BRENDA ROUSE TREASURER N/A
Director
$0 $0 $0
MARY VELDHUISEN DIRECTOR N/A
Director
$0 $0 $0
PAIA WIESE PRESIDENT EL 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 $429,661 $346,485 $731,770 $83,176
2023 $425,750 $399,906 $656,744 $25,844
2022 $385,147 $366,635 $614,248 $18,512
2021 $434,585 $387,068 $593,756 $47,517
2020 $421,197 $360,305 $548,022 $60,892
2019 $473,228 $395,378 $486,930 $77,850
2018 $460,123 $386,018 $412,421 $74,105
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