REEM Summit NFP

EIN: 465727187

Chicago, IL

Total Revenue
$220,153
Total Expenses
$195,634
Total Assets
$245,532
Net Assets
$57,707
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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
2016
Legal Domicile
IL
Principal Officer
Larissa Herczeg
Phone
3124487830
Tax Period
2023-01-01 to 2023-12-31

REEM Summit NFP, founded in 2016, is a small nonprofit that reported $220K in total revenue in fiscal year 2023. Expenses of $196K left a modest 11% surplus.

Mission

EDUCATION FOR REAL ESTATE EMERGING MANAGAGERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $220,153
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,153

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $195,634
TOTAL EXPENSES $195,634

Year-over-Year Comparison

2023 2022 Change
Revenue $220,153 N/A N/A
Expenses $195,634 N/A N/A
Net Income $24,519 $0 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larissa Herczeg President 1.0
Officer Director
$0 $0 $0
Krista Kerr Secretary 2.0
Officer Director
$0 $0 $0
Shane Boyle Chief Accounting Officer 1.0
Officer
$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
2023 $220,153 $195,634 $245,532 $24,519
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