INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45 (EIN 510204264) - 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

1962

Legal Domicile

Principal Officer

BRANDON OTTING

Phone

9529284664

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $214K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO EDUCATE REAL ESTATE MANAGERS AND CERTIFY THE COMPETENCE AND PROFESSIONALISM OF INDIVIDUALS AND ORGANIZATONS ENGAGED IN THE MANAGEMENT OF REAL ESTATE. IREM SERVES AS AN ADVOCATE ON ISSUES AFFECTING THE REAL ESTATE MANAGEMENT INDUSTRY, ENHANCING AND SUPPORTING ITS MEMBERS' PROFESSIONAL COMPETENCE SO THEY CAN BETTER 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $156,240

Program Service Revenue $49,168

Investment Income $958

Other Revenue $7,191

TOTAL REVENUE $213,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,082

Other Expenses $212,542

TOTAL EXPENSES $212,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,557	$195,219	+0.1%
Expenses	$212,542	$199,246	+0.1%
Net Income	$1,015	$-4,027	-1.3%

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
LAURA STEFFES	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY JUNE JANZEN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELA SAMARGIA	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON OTTING	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEXANDER LEUTHNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
COLETTE ALTFILLISCH	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICK LENSING	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE BEACH	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN CREURER	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HOZZA	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL KALL	DIRECTOR	1.00	Director	$0	$0	$0
TYHLER KOHN GALLARDO	DIRECTOR	1.00	Director	$0	$0	$0
ADDIE KUBITZ	DIRECTOR	1.00	Director	$0	$0	$0
ALI OTTING	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$213,557	$212,542	$149,386	$1,015
2022	$195,219	$199,246	$148,815	$-4,027
2021	$196,220	$189,216	$174,661	$7,004
2020	$164,654	$170,751	$155,729	$-6,097
2019	$206,472	$222,391	$145,821	$-15,919

INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45