BISMARCK-MANDAN BOARD OF REALTORS

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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

Principal Officer

WENDY SPENCER

Phone

7012550712

Tax Period

2023-01-01 to 2023-12-31

BISMARCK-MANDAN BOARD OF REALTORS, founded in 1971, is a small nonprofit in the Community Improvement sector that reported $816K in total revenue in fiscal year 2023.

Mission

PROVIDE MEMBER PROGRAMS AND SERVICES TO ENHANCE MEMBERS' OPPORTUNITY AND ABILITY TO CONDUCT THEIR BUSINESS SUCCESSFULLY WITH COMPETENCE AND INTEGRITY. ADVOCATE AND PROMOTE THE PRESERVATION OF THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY. PROVIDE AVENUES FOR EDUCATION PROFESSIONAL AND PERSONAL GROWTH, AND COMMUNITY SERVICE AND UPHOLD THE REALTOR CODE OF ETHICS AS OUTLINED BY THE NATIONAL ASSOCIATION OF REALTORS.

Program Service Accomplishments

Program 1

BMBOR OFFERS PROFESSIONAL DEVELOPMENT PROGRAMS TO HELP OUR NEARLY 500 REALTOR MEMBERS ENHANCE THEIR SKILLS AND EXPERTISE. THESE PROGRAMS INCLUDE EDUCATIONAL SEMINARS, WORKSHOPS, AND CERTIFICATION...

BMBOR OFFERS PROFESSIONAL DEVELOPMENT PROGRAMS TO HELP OUR NEARLY 500 REALTOR MEMBERS ENHANCE THEIR SKILLS AND EXPERTISE. THESE PROGRAMS INCLUDE EDUCATIONAL SEMINARS, WORKSHOPS, AND CERTIFICATION COURSES ON VARIOUS REAL ESTATE TOPICS LIKE ETHICS, NEGOTIATION STRATEGIES, AND REAL ESTATE LAW. IN FY 2023, BMBOR PROVIDED SEVERAL EDUCATIONAL SESSIONS ATTENDED BY OVER 300 MEMBERS, LEADING TO IMPROVED CLIENT SERVICE AND A MORE KNOWLEDGEABLE WORKFORCE IN THE REAL ESTATE INDUSTRY. BMBOR PLAYS A KEY ROLE IN MONITORING AND ADVOCATING FOR BEST PRACTICES, REGULATIONS, AND POLICIES THAT AFFECT THE REAL ESTATE INDUSTRY. WE ACTIVELY MONITOR LEGISLATIVE DEVELOPMENTS, LOCAL ZONING LAWS, AND INDUSTRY STANDARDS TO ENSURE OUR MEMBERS REMAIN INFORMED AND COMPLIANT WITH THE LATEST REQUIREMENTS. BMBOR FOSTERS A SENSE OF COMMUNITY AMONG ITS MEMBERS BY PROVIDING OPPORTUNITIES FOR NETWORKING, PEER SUPPORT, AND COLLABORATIVE GROWTH. WE HOST MONTHLY MEETINGS AND SOCIAL EVENTS WHERE REALTORS CAN SHARE INSIGHTS, DISCUSS CHALLENGES, AND BUILD RELATIONSHIPS WITH OTHER PROFESSIONALS. IN FY 2023, OUR NETWORKING EVENTS ATTRACTED OVER 300 MEMBERS, PROVIDING VALUABLE COLLABORATION AND BUSINESS DEVELOPMENT OPPORTUNITIES. BMBOR IS COMMITTED TO SUPPORTING LOCAL COMMUNITIES AND RAISING AWARENESS OF THE REAL ESTATE PROFESSION. THROUGH OUTREACH CAMPAIGNS, WE AIM TO EDUCATE THE PUBLIC ABOUT THE BENEFITS OF WORKING WITH QUALIFIED REALTORS AND PROMOTE ETHICAL PRACTICES IN REAL ESTATE TRANSACTIONS.

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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 $13,130

Program Service Revenue $680,998

Investment Income $14,924

Other Revenue $106,805

TOTAL REVENUE $815,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,114

Fundraising Expenses $0

Other Expenses $566,054

TOTAL EXPENSES $794,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$815,857	N/A	N/A
Expenses	$794,168	N/A	N/A
Net Income	$21,689	N/A	N/A

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

$99,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY SPENCER	CHIEF EXECUT	40.00	Officer	$95,000	$4,750	$99,750
HEIDI HILZENDEGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY OLHAUSER	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
JASON SCHMIDT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JEFF WHITE	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
MIKE BOHRER	DIRECTOR	1.00	Director	$0	$0	$0
BILL DEAN	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HATZENBUHLER	DIRECTOR	1.00	Director	$0	$0	$0
AMBER SANDNESS	DIRECTOR	1.00	Director	$0	$0	$0
NATE SEIFERT	DIRECTOR	1.00	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	$815,857	$794,168	$2,038,607	$21,689