INSTITUTE OF REAL ESTATE MANAGEMENT WESTERN NC (EIN 510204286) - 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

1960

Legal Domicile

Principal Officer

CHEVALLE HARDISON

Phone

9808906249

Tax Period

2021-01-01 to 2021-12-31

INSTITUTE OF REAL ESTATE MANAGEMENT WESTERN NC, founded in 1960, is a small nonprofit in the Community Improvement sector that reported $127K in total revenue in fiscal year 2021. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE OBJECTIVES OF THE INSTITUTE OF REAL ESTATE MANAGEMENT ARE TO ASSIST IN THE IMPLEMENTATION OF AND CARRYING OUT OF IT'S VARIOUS PROGARMS AND ACTIVITIES, AND ASSIST IN THE DEVELOPMENT OF TECHNICAL AND EDUCATIONAL MATERIAL FOR THE REAL ESTATE INDUSTRY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $116,425

Program Service Revenue $12,945

Investment Income $4

Other Revenue $-2,763

TOTAL REVENUE $126,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,500

Other Expenses $147,612

TOTAL EXPENSES $147,612

Year-over-Year Comparison

	2021	2020	Change
Revenue	$126,611	$177,725	-0.3%
Expenses	$147,612	$144,875	+0.0%
Net Income	$-21,001	$32,850	-1.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHEVALLE HARDISON	PRESIDENT	5.00	Officer	$0	$0	$0
FRANK SPROVIERO	SEC TREASURY	5.00	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
2021	$126,611	$147,612	$252,271	$-21,001
2020	$177,725	$144,875	$253,147	$32,850
2019	$245,171	$227,993	$244,657	$17,178
2018	$264,780	$263,277	$217,991	$1,503

INSTITUTE OF REAL ESTATE MANAGEMENT WESTERN NC