INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATIONAL ASSN OF REALTORS

EIN: 510204250 Community Improvement

LIVONIA, MI

Total Revenue
$154,061
Total Expenses
$140,131
Total Assets
$26,365
Net Assets
$26,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Principal Officer
PAUL BOLLINGER
Phone
7346550268
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATIONAL ASSN OF REALTORS, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $154K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $140K left a modest 9% surplus.

Mission

TO EDUCATE AND CERTIFY THE COMPETENCE AND PROFESSIONALISM OF INDIVIDUALS AND ORGANIZATIONS ENGAGED IN THE MANAGEMENT OF REAL ESTATE. THE ORGANIZATION SERVES AS AN ADVOCATE ON ISSUES AFFECTING THE REAL ESTATE MANAGEMENT INDUSTRY, AS WELL AS ENHANCING AND SUPPORTING ITS MEMBERS' PROFESSIONAL COMPETENCE SO THEY CAN BETTER IDENTIFY AND MEET THE NEEDS OF THOSE WHO UTILIZE THEIR SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,047
Program Service Revenue $97,338
Investment Income $4
Other Revenue $29,672
TOTAL REVENUE $154,061

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $65,518
Fundraising Expenses $0
Program Expenses $137,110
Other Expenses $72,113
TOTAL EXPENSES $140,131

Year-over-Year Comparison

2024 2023 Change
Revenue $154,061 $135,207 +0.1%
Expenses $140,131 $174,803 -0.2%
Net Income $13,930 $-39,596 -1.4%
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

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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
7
Independent Members
7
Employees
1
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
4
$60,756
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN KNOWLES EXECUTIVE DI 40.00
Officer
$60,756 $0 $60,756
JOHN BRIDGES DIRECTOR N/A
Director
$0 $0 $0
AARON MILLS DIRECTOR N/A
Director
$0 $0 $0
RITA KHAN DIRECTOR N/A
Director
$0 $0 $0
PAUL BOLLINGER PRESIDENT N/A
Officer Director
$0 $0 $0
MICHAEL GIUDICI TREASURER N/A
Officer Director
$0 $0 $0
TRACY BROWN SECRETARY N/A
Officer Director
$0 $0 $0
DAWN FORD 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
2024 $154,061 $140,131 $26,365 $13,930
2023 $135,207 $174,803 $12,435 $-39,596
2022 $149,169 $197,009 $52,031 $-47,840
2021 $108,169 $114,450 $99,871 $-6,281
2020 $163,619 $151,772 $106,152 $11,847
2019 $211,727 $207,471 $94,305 $4,256
2018 $216,029 $204,091 $90,049 $11,938
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