INSTITUTE OF REAL ESTATE MANAGEMENT

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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

2013

Legal Domicile

Phone

6148711023

Tax Period

2025-01-01 to 2025-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT, founded in 2013, is a small nonprofit that reported $322K in total revenue in fiscal year 2025. Expenses of $302K left a modest 6% surplus.

Mission

TO PROVIDE CONTINUTING EDUCATION, CERTIFICATION, AND NETWORKING OPPORTUNITIES FOR PROFESSOINALS IN REAL ESTATE MANAGEMENT

Program Service Accomplishments

Program 1

Revenue: $54,631

HOSTING MONTHLY EDUCATIONAL AND NETWORKING EVENTS, PROVIDING TECHNICAL ADVANCEMENT OPPORTUNITIES FOR REAL ESTATE PROFESSIONALS AND THE GENERAL PUBLIC. INCLUDING GOLF OUTINGS AND OTHER NETWORKING...

HOSTING MONTHLY EDUCATIONAL AND NETWORKING EVENTS, PROVIDING TECHNICAL ADVANCEMENT OPPORTUNITIES FOR REAL ESTATE PROFESSIONALS AND THE GENERAL PUBLIC. INCLUDING GOLF OUTINGS AND OTHER NETWORKING EVENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $252,366

Program Service Revenue $54,631

Investment Income $0

Other Revenue $15,001

TOTAL REVENUE $321,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $217,706

Other Expenses $302,053

TOTAL EXPENSES $302,053

Year-over-Year Comparison

	2025	2024	Change
Revenue	$321,998	$307,853	+0.0%
Expenses	$302,053	$316,670	0.0%
Net Income	$19,945	$-8,817	-3.3%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN FRIEND	PAST PRESIDENT	7.00	Officer	$0	$0	$0
JULIE SIMONO	PRESIDENT	2.00	Officer	$0	$0	$0
NIKI KINGRY	SECRETARYTREASURER	3.00	Officer	$0	$0	$0
KEITH JONES	VICE PRESIDENT	3.00	Officer	$0	$0	$0
WILLIAM SHELBY	DIRECTOR	1.00	Officer	$0	$0	$0
LAURIE RUSHEVICS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
KATHY HALL	DIRECTOR	1.00	Officer	$0	$0	$0
RAYNA BAUMBUSCH	DIRECTOR	0.00	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
2025	$321,998	$302,053	$234,725	$19,945
2024	No data	No data	No data	No data
2023	$298,797	$240,000	$223,597	$58,797