INSTITUTE OF REAL ESTATE MANAGEMEN… - Form 990 Financial Data

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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

1953

Legal Domicile

Phone

6309544400

Tax Period

2025-01-01 to 2025-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT CHAPTER 23, founded in 1953, is a small nonprofit in the Community Improvement sector that reported $477K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $432K left a modest 10% surplus.

Mission

PROVIDE A SOURCE OF EDUCATION, RESOURCES, INFORMATION AND MEMBERSHIP FOR REAL ESTATE MANAGEMENT PROFESSIONALS IN THE CHICAGO AREA.

Program Service Accomplishments

Program 1

SPONSOR OF VARIOUS PROGRAMS AND EVENTS THAT PROMOTE PROFESSIONALISM IN REAL ESTATE PROPERTY MANAGEMENT, BY DELIVERING NETWORKING AND EDUCATION OPPORTUNITIES TO MEMBERS WHILE ENCOURAGING ADHERENCE TO...

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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 $0

Program Service Revenue $462,300

Investment Income $14,948

Other Revenue $0

TOTAL REVENUE $477,248

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $416,757

TOTAL EXPENSES $431,757

Year-over-Year Comparison

	2025	2024	Change
Revenue	$477,248	$563,874	-0.2%
Expenses	$431,757	$501,658	-0.1%
Net Income	$45,491	$62,216	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLI STUART	Director	1.00	Director	$0	$0	$0
ANDIE PEIRCE	Director	0.00	Director	$0	$0	$0
MARTHA GAITAN-MANNING	Director	0.00	Director	$0	$0	$0
IAN MARK NOVAK	President	1.00	Officer	$0	$0	$0
KRISTEN SARKISIAN	Vice President	1.00	Officer	$0	$0	$0
TERI LIND	ASSOC. EXECUTIV	40.00	Officer	$0	$0	$0
KIM SISNEY	Treasurer	1.00	Officer	$0	$0	$0
MEGAEN MACDONALD	Secretary	1.00	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	$477,248	$431,757	$649,421	$45,491
2024	$563,874	$501,658	$575,881	$62,216
2023	$480,702	$419,136	$540,956	$61,566
2022	$397,321	$348,075	$463,277	$49,246
2021	$325,893	$259,293	$413,291	$66,600
2020	$367,243	$305,654	$345,438	$61,589
2019	$422,835	$391,223	$293,086	$31,612
2018	$366,844	$371,520	$260,857	$-4,676

INSTITUTE OF REAL ESTATE MANAGEMENT CHAPTER 23