The Real Estate Valuation Advocacy Association (EIN 454238569) - 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

2010

Legal Domicile

Principal Officer

Mark Schiffman

Phone

6127161812

Tax Period

2024-01-01 to 2024-12-31

The Real Estate Valuation Advocacy Association, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $465K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $531K exceeded revenue, resulting in a 14% operating deficit.

Mission

REVAA is a membership based trade association dedicated to the promotion and advancement of the real estate valuation industry through the development of industry standards, educational programs, advocacy before federal, state and local legislative and regulatory bodies, and the development of programs that assist real estate related companies to better serve their customers.

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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 $465,169

Investment Income $41

Other Revenue $0

TOTAL REVENUE $465,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,924

Fundraising Expenses $0

Program Expenses $530,845

Other Expenses $292,921

TOTAL EXPENSES $530,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,210	$694,632	-0.3%
Expenses	$530,845	$594,965	-0.1%
Net Income	$-65,635	$99,667	-1.7%

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

N/A

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

$223,850

Total Directors

$223,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Schiffman	Secretary	40.00	Officer Director	$185,000	$38,850	$223,850
Eric Evans	Treasurer	10.00	Officer Director	$0	$0	$0
Duane Andrews	Director	10.00	Officer Director	$0	$0	$0
Jeff Dickstein	President	10.00	Director	$0	$0	$0
Ed Austin	Director	10.00	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	$465,210	$530,845	$319,227	$-65,635
2022	$711,398	$509,743	$285,195	$201,655
2020	$670,009	$702,549	$13,180	$-32,540
2018	$722,056	$790,692	$17,760	$-68,636

The Real Estate Valuation Advocacy Association