INSTITUTE OF REAL ESTATE MANAGEMENT CHAPTER 23 (EIN 510204248) - 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

1953

Legal Domicile

Phone

6309544400

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT CHAPTER 23, founded in 1953, is a small nonprofit in the Community Improvement sector that reported $564K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $502K left a modest 11% surplus.

Mission

PROMOTE ETHICAL BUSINESS PRACTICES AND MAXIMIZE THE VALUE OF INVESTMENT REAL ESTATE.

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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 $0

Program Service Revenue $527,955

Investment Income $35,919

Other Revenue $0

TOTAL REVENUE $563,874

Expense Breakdown

Grants Paid $55,018

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $446,640

TOTAL EXPENSES $501,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,874	$480,702	+0.2%
Expenses	$501,658	$419,136	+0.2%
Net Income	$62,216	$61,566	+0.0%

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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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
STEPHEN G SHIMMEL	Director	1.00	Director	$0	$0	$0
JACKIE ABRAHAM	Director	1.00	Director	$0	$0	$0
CHRIS HAWXHURST	Director	1.00	Director	$0	$0	$0
IAN MARK NOVAK	President	1.00	Officer	$0	$0	$0
KRISTIN 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
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