MARYLAND ASSOCIATION OF REALTORS INC

EIN: 520728385

ANNAPOLIS, MD

Total Revenue
$7,218,573
Total Expenses
$6,260,841
Total Assets
$30,370,555
Net Assets
$28,133,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MD
Principal Officer
CHRIS HILL
Phone
4437163500
Tax Period
2023-11-01 to 2024-10-31

MARYLAND ASSOCIATION OF REALTORS INC, founded in 1955, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. Expenses of $6.3M left a modest 13% surplus.

Mission

THE MARYLAND ASSOCIATION OF REALTORS EXISTS TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP AND THEIR SPECIALTIES. CONTINUED ON SCHEDULE O

Program Service Accomplishments

Program 1

THE LEGAL DEPARTMENT PROVIDES LEGAL HOTLINE SERVICES TO MEMBERS, STAFFS THE STATEWIDE FORMS, COMMERCIAL AND REAL PROPERTY OPERATIONS COMMITTEES AND DELIVERS PROFESSIONAL STANDARDS TRAINING TO LOCAL...

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THE LEGAL DEPARTMENT PROVIDES LEGAL HOTLINE SERVICES TO MEMBERS, STAFFS THE STATEWIDE FORMS, COMMERCIAL AND REAL PROPERTY OPERATIONS COMMITTEES AND DELIVERS PROFESSIONAL STANDARDS TRAINING TO LOCAL BOARDS. THE LEGAL DEPARTMENT STAFF ALSO VISITS COMPANY OFFICES FOR INFORMAL MEETINGS TO PROVIDE UPDATES AND SUPPLIES INSTRUCTORS FOR CONTINUING EDUCATION CLASSES REQUIRED BY MARYLAND REAL ESTATE LICENSE LAW. THE EDUCATION DEPARTMENT ADMINISTERS AND MONITORS THE REALTOR INSTITUTE PROGRAM THROUGHOUT THE STATE, THE LEADERSHIP ACADEMY, AND ASSISTED MARS MEDIATION PROVIDER WITH EDUCATIONAL SUPPORT. THE EDUCATION DEPARTMENT CONTINUES TO PARTNER WITH THE ANNUAL CONFERENCE COMMITTEE TO PROVIDE AND TRACK EDUCATION PROGRAMS DURING MARS CONFERENCE AND WITH THE LEGAL DEPARTMENT TO ASSIST IN THE SCHEDULING AND MONITORING OF THE IN-HOUSE LOCAL PROFESSIONAL STANDARDS TRAINING SEMINARS, AND ASSISTS IN OTHER ACTIVITIES TO HELP SUPPORT EDUCATION INITIATIVES WITHIN MAR. THE COMMUNICATIONS AND MEMBER SERVICES DEPARTMENT PROVIDES FREE WEBINARS AND THE MAR REALTOR MAGAZINE TO MEMBERS CONTINUED SCHEDULE O

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $73,825
Program Service Revenue $6,536,557
Investment Income $727,525
Other Revenue $-119,334
TOTAL REVENUE $7,218,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,426,633
Fundraising Expenses $0
Other Expenses $3,834,208
TOTAL EXPENSES $6,260,841

Year-over-Year Comparison

2023 2022 Change
Revenue $7,218,573 $7,151,291 +0.0%
Expenses $6,260,841 $5,191,960 +0.2%
Net Income $957,732 $1,959,331 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
34
Independent Members
34
Employees
27
Volunteers
34

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
6
$368,767
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES A KASKY CHIEF EXECUTIVE OFFICER 035.00
Officer
$324,300 $44,467 $368,767
PATRICIA D SCHMITT VP FINANCE 035.00
Highest
$129,114 $21,666 $150,780
DANIEL PATRELL DIRECTOR OF COMMUNICATIONS 035.00
Highest
$125,749 $19,610 $145,359
KATHLEEN DARTEZ DIRECTOR OF LEGAL SERVICES 035.00
Highest
$124,882 $17,263 $142,145
SUSAN YASHINSKIE DIRECTOR OF PD AND ME 035.00
Highest
$120,650 $5,028 $125,678
LISA MAY DIRECTOR OF ADVOCACY AND LEGISLATIVE 035.00
Highest
$105,179 $14,234 $119,413
MEGAN ROSENDALE PRESIDENTIAL APPOINTMENT 003.00
Director
$0 $0 $0
MELANIE GAMBLE PRESIDENT-ELECT APPOINTMENT 003.00
Director
$0 $0 $0
SOREN DORIUS ASSOCIATION EXCEUTIVE 003.00
Director
$0 $0 $0
ASHLEIGH ROSSI DEI APPOINTMENT 003.00
Director
$0 $0 $0
ERICA SOLOMON DEI APPOINTMENT 003.00
Director
$0 $0 $0
GREG FISK DIRECTOR 003.00
Director
$0 $0 $0
BRIAN MCGEEHAN DIRECTOR 003.00
Director
$0 $0 $0
LINDA AUSTIN DIRECTOR 003.00
Director
$0 $0 $0
CHRIS SURANNA DIRECTOR 003.00
Director
$0 $0 $0
TERRY BASS DIRECTOR 003.00
Director
$0 $0 $0
LORI LUKEMAN DIRECTOR 003.00
Director
$0 $0 $0
BRIGIT TAYLOR DIRECTOR 003.00
Director
$0 $0 $0
KRIS ALCORN DIRECTOR 003.00
Director
$0 $0 $0
BRYAN CHANEY DIRECTOR 003.00
Director
$0 $0 $0
SANDRA HOPKINS DIRECTOR 003.00
Director
$0 $0 $0
JESSIE DEVORE DIRECTOR 003.00
Director
$0 $0 $0
PIET DE DREU DIRECTOR 003.00
Director
$0 $0 $0
SHELBY RONEY DIRECTOR 003.00
Director
$0 $0 $0
SHELLEY LAYTON DIRECTOR 003.00
Director
$0 $0 $0
GENE SEMENTILLI DIRECTOR 003.00
Director
$0 $0 $0
TRACY VASQUEZ DIRECTOR 003.00
Director
$0 $0 $0
BOB KIMBALL AT LARGE DIRECTOR 003.00
Director
$0 $0 $0
SHELIA WILLIAMS AT LARGE DIRECTOR 003.00
Director
$0 $0 $0
BRENDA KASUVA AT LARGE DIRECTOR 003.00
Director
$0 $0 $0
LARRY SMITH AT LARGE DIRECTOR 003.00
Director
$0 $0 $0
LINDA HARNED AT LARGE DIRECTOR 003.00
Director
$0 $0 $0
ELIZABETH GLASS AT LARGE DIRECTOR 003.00
Director
$0 $0 $0
NICK D' AMBROSIA LARGE FIRM DIRECTOR 003.00
Director
$0 $0 $0
KARA NORCUTT LARGE FIRM DIRECTOR 003.00
Director
$0 $0 $0
CHRIS HILL PRESIDENT 003.00
Officer
$0 $0 $0
CHERYL ABRAMS DAVIS PRESIDENT-ELECT 003.00
Officer
$0 $0 $0
DENISE LEWIS SECRETARY 003.00
Officer
$0 $0 $0
CHRIS JETT TREASURER 003.00
Officer
$0 $0 $0
YOLANDA MUCKLE IMMEDIATE FORMER PRESIDENT 003.00
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 $7,218,573 $6,260,841 $30,370,555 $957,732
2023 $7,151,291 $5,191,960 $29,826,101 $1,959,331
2022 $7,419,222 $5,327,819 $29,642,728 $2,091,403
2021 $7,062,781 $5,123,960 $30,475,935 $1,938,821
2020 $5,995,306 $3,771,815 $28,281,192 $2,223,491
2019 $6,699,778 $4,839,824 $27,443,515 $1,859,954
2018 $6,166,737 $4,900,309 $26,879,634 $1,266,428
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