DELAWARE ASSOCIATION OF REALTORS

EIN: 510104520

DOVER, DE

Total Revenue
$1,298,204
Total Expenses
$1,141,245
Total Assets
$2,396,538
Net Assets
$1,684,124
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
DE
Principal Officer
WES STEFANICK
Phone
3027344444
Tax Period
2025-01-01 to 2025-12-31

DELAWARE ASSOCIATION OF REALTORS, founded in 1952, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Expenses of $1.1M left a modest 12% surplus.

Mission

TO PROVIDE ITS MEMBERS WITH EDUCATION, INFORMATION & SERVICES RELATING TO THE PROFESSION. THE DELAWARE ASSOCIATION OF REALTORS IN CONJUCTION WITH MEMBER BOARDS/ASSOCIATIONS AND THE NATIONAL ASSOCIATION OF REALTORS, SERVES AND SUPPORTS ITS MEMBERSHIP BY RECOGNIZING AND ADDRESSING ITS NEEDS AND CONCERNS BY DEVELOPING, PROVIDING AND PROMOTING PROGRAMS AND SERVICES WHICH WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,024,285
Program Service Revenue $222,658
Investment Income $51,261
Other Revenue $0
TOTAL REVENUE $1,298,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $522,162
Fundraising Expenses $0
Program Expenses $794,244
Other Expenses $619,083
TOTAL EXPENSES $1,141,245

Year-over-Year Comparison

2025 2024 Change
Revenue $1,298,204 $1,302,028 0.0%
Expenses $1,141,245 $1,457,229 -0.2%
Net Income $156,959 $-155,201 -2.0%
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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Governance

Voting Members
24
Independent Members
24
Employees
5
Volunteers
100

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
24
$0
Key Employees
1
$153,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WES STEFANICK CEO/SECRETAR 40.00
Key Emp
$153,400 $0 $153,400
STEVE ALEXANDER TREASURER N/A
Officer Director
$0 $0 $0
MIA BURCH DIRECTOR N/A
Director
$0 $0 $0
BILL DAVIS DIRECTOR N/A
Director
$0 $0 $0
SCOTT FARNAN PRESIDENT N/A
Officer Director
$0 $0 $0
DENISE FORMAN GAINES PRESIDENT EL N/A
Director
$0 $0 $0
ADRIANE GALLAGHER DIRECTOR N/A
Director
$0 $0 $0
ANDREA HARRINGTON DIRECTOR N/A
Director
$0 $0 $0
MONICA HILL DIRECTOR N/A
Director
$0 $0 $0
TRINA JOYNER VICE PRESIDE N/A
Officer Director
$0 $0 $0
VICTORIA LAWSON DIRECTOR N/A
Director
$0 $0 $0
CHRIS LIND DIRECTOR N/A
Director
$0 $0 $0
EMILY MAAHS DIRECTOR N/A
Director
$0 $0 $0
ROSALIA MARTINEZ DIRECTOR N/A
Director
$0 $0 $0
PHIL MCGINNIS DIRECTOR N/A
Director
$0 $0 $0
BRUCE PLUMMER DIRECTOR N/A
Director
$0 $0 $0
GAIL RENULFI DIRECTOR N/A
Director
$0 $0 $0
DIANE SALVATORE DIRECTOR N/A
Director
$0 $0 $0
BOBBI SLAGLE DIRECTOR N/A
Director
$0 $0 $0
CHRISSY STEELE DIRECTOR N/A
Director
$0 $0 $0
ALISON STINE DIRECTOR N/A
Director
$0 $0 $0
KEVIN THAWLEY DIRECTOR N/A
Director
$0 $0 $0
GEROGE THOMASSON DIRECTOR N/A
Director
$0 $0 $0
DAVE WATLINGTON DIRECTOR N/A
Director
$0 $0 $0
BEAU ZEBLEY DIRECTOR N/A
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
2025 $1,298,204 $1,141,245 $2,396,538 $156,959
2024 $1,302,028 $1,457,229 $2,324,430 $-155,201
2023 $1,258,108 $1,163,157 $2,262,285 $94,951
2022 $1,127,387 $1,015,876 $2,103,298 $111,511
2021 $956,550 $845,379 $2,023,291 $111,171
2020 $926,254 $747,139 $1,696,353 $179,115
2019 $935,093 $906,146 $1,500,290 $28,947
2018 $904,296 $856,382 $1,453,503 $47,914
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