PROPERTY RECORDS INDUSTRY ASSOCIATION

EIN: 481270545 Community Improvement

RALEIGH, NC

Total Revenue
$592,288
Total Expenses
$527,915
Total Assets
$981,916
Net Assets
$660,396
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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
2002
Legal Domicile
DE
Principal Officer
ANNETTE HILL
Phone
9194592070
Tax Period
2023-08-01 to 2024-07-31

PROPERTY RECORDS INDUSTRY ASSOCIATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $592K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $528K left a modest 11% surplus.

Mission

THE ASSOCIATION FACILITATES RESEARCH CONCERNING RECORDATION, INITIATES AND DEVELOPS STANDARDS, SYSTEMS AND PROCEDURES ON MATTERS RELATING TO RECORDATION AND ENCOURAGES BETTER UNDERSTANDING OF INDUSTRY ISSUES BY IMPROVING COMMUNICATION BETWEEN ALL SECTORS OF THE INDUSTRY.

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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 $243,896
Program Service Revenue $309,126
Investment Income $25,014
Other Revenue $14,252
TOTAL REVENUE $592,288

Expense Breakdown

Grants Paid $1,095
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $361,490
Other Expenses $526,820
TOTAL EXPENSES $527,915

Year-over-Year Comparison

2023 2022 Change
Revenue $592,288 $535,004 +0.1%
Expenses $527,915 $566,052 -0.1%
Net Income $64,373 $-31,048 -3.1%
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
14
Independent Members
14
Employees
N/A
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
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIE ADAMS DIRECTOR N/A
Director
$0 $0 $0
ELIZABETH BLOSSER DIRECTOR N/A
Director
$0 $0 $0
SHARON BLOUNT-BAKER DIRECTOR N/A
Director
$0 $0 $0
BRIAN ERNISSEE TREASURER N/A
Officer Director
$0 $0 $0
ANNETTE HILL PRESIDENT N/A
Officer Director
$0 $0 $0
TERESA KIEL DIRECTOR N/A
Director
$0 $0 $0
BRANDON KRAUSE TREASURER N/A
Officer Director
$0 $0 $0
JERRY LEWALLEN PAST PRESIDE N/A
Officer Director
$0 $0 $0
SHARON MARTIN DIRECTOR N/A
Director
$0 $0 $0
NAKIA MCFARLAND DIRECTOR N/A
Director
$0 $0 $0
JANA MIYASAKI DIRECTOR N/A
Director
$0 $0 $0
KYLE QUACKENBUSH DIRECTOR N/A
Director
$0 $0 $0
DAN SHMUKLER VICE PRESIDE N/A
Officer Director
$0 $0 $0
GERALD SMITH SECRETARY N/A
Officer 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 $592,288 $527,915 $981,916 $64,373
2023 $535,004 $566,052 $854,128 $-31,048
2022 $446,074 $469,638 $895,643 $-23,564
2021 $305,373 $257,660 $868,628 $47,713
2020 $514,691 $459,750 $717,084 $54,941
2019 $446,804 $434,522 $796,076 $12,282
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