HOWARD COUNTY ASSOCIATION OF REALT… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

SARAH RAYNE

Phone

4107151437

Tax Period

2023-11-01 to 2024-10-31

HOWARD COUNTY ASSOCIATION OF REALTORS INC, founded in 1967, is a small nonprofit that reported $990K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $3.2M represent 38 months of operating reserves.

Mission

TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSES OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS.

Program Service Accomplishments

Program 1

MEMBERSHIP - THE ASSOCIATION PROVIDES ITS BUSINESS MEMBERS WITH EVENTS AND INFORMATION DESIGNED TO ASSIST THEM IN SUCCESSFULLY CONDUCTING THEIR BUSINESSES WITHIN HOWARD COUNTY. AS OF OCTOBER 31...

MEMBERSHIP - THE ASSOCIATION PROVIDES ITS BUSINESS MEMBERS WITH EVENTS AND INFORMATION DESIGNED TO ASSIST THEM IN SUCCESSFULLY CONDUCTING THEIR BUSINESSES WITHIN HOWARD COUNTY. AS OF OCTOBER 31, 2024, THE ASSOCIATION PROVIDED 1,881 BUSINESS MEMBERS WITH THE AFOREMENTIONED EVENTS AND INFORMATION.

Program 2

EDUCATION - THE ASSOCIATION OFFERS A NUMBER OF EDUCATIONAL CLASSES IN ORDER TO KEEP ITS MEMBERS UPDATED IN THE FIELD.

Program 3

EVENTS - THE ASSOCIATION OFFERS OPPORTUNITIES TO MAKE NEW BUSINESS CONTACTS AND NETWORK WITH OTHER BUSINESS PEOPLE AT VARIOUS PROGRAMS AND EVENTS THAT IT ORGANIZES DURING THE YEAR. IT ALSO HOLDS...

EVENTS - THE ASSOCIATION OFFERS OPPORTUNITIES TO MAKE NEW BUSINESS CONTACTS AND NETWORK WITH OTHER BUSINESS PEOPLE AT VARIOUS PROGRAMS AND EVENTS THAT IT ORGANIZES DURING THE YEAR. IT ALSO HOLDS EVENTS FOR THE PURPOSE OF PROVIDING INFORMATION AND RESOURCES THAT IMPACT BUSINESS TO ITS MEMBERS. FOR THE YEAR ENDED OCTOBER 31, 2024, THE ASSOCIATION ORGANIZED FIVE EVENTS.

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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 $0

Program Service Revenue $812,451

Investment Income $167,788

Other Revenue $9,660

TOTAL REVENUE $989,899

Expense Breakdown

Grants Paid $5,378

Salaries & Benefits $502,459

Fundraising Expenses $0

Other Expenses $501,945

TOTAL EXPENSES $1,009,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$989,899	$1,049,617	-0.1%
Expenses	$1,009,782	$1,027,384	0.0%
Net Income	$-19,883	$22,233	-1.9%

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

Volunteers

100

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

$129,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH RAYNE	CEO	40.00	Officer	$117,171	$11,945	$129,116
PIET DE DREU	PRESIDENT	5.00	Officer Director	$0	$0	$0
JIMMIE JENNINGS	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
ROBBYN HARRIS	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MALAIKA TYLER	SECRETARY	2.00	Officer Director	$0	$0	$0
CAITLIN MCKENNA	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD GREEN	DIRECTOR	1.00	Director	$0	$0	$0
ANITA KESTEL	DIRECTOR	1.00	Director	$0	$0	$0
TONY ZOWD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAWN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA DORSEY	DIRECTOR	1.00	Director	$0	$0	$0
QUAJALYN AMOS	DIRECTOR	1.00	Director	$0	$0	$0
RENEE MANKOFF	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN ABNEY-SPIVEY	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	$989,899	$1,009,782	$3,447,590	$-19,883
2023	$1,049,617	$1,027,384	$3,388,135	$22,233
2021	$920,246	$938,802	$3,629,616	$-18,556
2020	$720,491	$796,445	$3,753,677	$-75,954
2019	$867,987	$793,238	$3,955,406	$74,749
2018	$751,784	$693,190	$4,101,195	$58,594
2017	$1,673,107	$706,207	$4,197,421	$966,900

HOWARD COUNTY ASSOCIATION OF REALTORS INC