REAL PROPERTY ALLIANCE (EIN 472969643) - 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

2015

Legal Domicile

Principal Officer

DOUGLAS CARPENTER

Phone

2175292600

Tax Period

2024-01-01 to 2024-12-31

REAL PROPERTY ALLIANCE, founded in 2015, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 45% operating margin.

Mission

WE SEEK TO PROVIDE A VOICE FOR ESTABLISHING SOUND REAL ESTATE POLICY THAT PROMOTES GROWTH AND SEEKS TO LIMIT TAXES AND REGULATIONS WHICH CAN MAKE IT HARDER TO LIVE AND WORK IN THE STATE.

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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 $43,058

Program Service Revenue $0

Investment Income $10,679

Other Revenue $0

TOTAL REVENUE $53,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $29,374

TOTAL EXPENSES $29,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,737	$90,877	-0.4%
Expenses	$29,374	$2,252	+12.0%
Net Income	$24,363	$88,625	-0.7%

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

Employees

N/A

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

$764,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS CARPENTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUIGUI CORRAL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DREWS	DIRECTOR	1.00	Director	$0	$0	$0
SANDY MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
NAJA MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ROTH	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY ROYAL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BAKER	CEO/SECRETARY	1.00	Officer	$518,048	$31,371	$549,419
CATHY MADAUS	TREASURER	1.00	Officer	$192,661	$22,200	$214,861

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	$53,737	$29,374	$755,687	$24,363
2023	$90,877	$2,252	$578,636	$88,625
2022	$3,433	$117,115	$490,011	$-113,682
2021	$48,893	$2,045	$603,693	$46,848
2020	$174,412	$7,682	$556,845	$166,730
2019	$103,987	$10,826	$390,115	$93,161
2018	$44,063	$25,424	$305,583	$18,639

REAL PROPERTY ALLIANCE