FREDERICK COUNTY ASSOCIATION OF RE… - 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

1961

Legal Domicile

Principal Officer

KRIS ALCORN

Phone

3016630757

Tax Period

2024-01-01 to 2024-12-31

FREDERICK COUNTY ASSOCIATION OF REALTORS, founded in 1961, is a small nonprofit that reported $722K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $826K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ASSOCIATION PROVIDES AND PROMOTES REALTORS EDUCATION AND COOPERATION. IT PROMOTES TRUST AND CONFIDENCE THROUGH THE SUPPORT OF APPROXIMATELY 1,200 MEMBERS.

Program Service Accomplishments

Program 1

MEMBERSHIP SERVICES EXPENDITURES CONSIST OF MEMBERSHIP COSTS, AWARDS AND SPECIAL EVENTS, MEMBER SUPPLIES, COMMUNITY SERVICES, CONTRIBUTIONS, TRADE SHOWS, COMMITTEE EXPENDITURES AND PROFESSIONAL...

MEMBERSHIP SERVICES EXPENDITURES CONSIST OF MEMBERSHIP COSTS, AWARDS AND SPECIAL EVENTS, MEMBER SUPPLIES, COMMUNITY SERVICES, CONTRIBUTIONS, TRADE SHOWS, COMMITTEE EXPENDITURES AND PROFESSIONAL STANDARDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $466,505

Program Service Revenue $133,837

Investment Income $62,494

Other Revenue $59,502

TOTAL REVENUE $722,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,036

Fundraising Expenses $0

Other Expenses $514,894

TOTAL EXPENSES $825,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$722,338	$761,514	-0.1%
Expenses	$825,930	$687,634	+0.2%
Net Income	$-103,592	$73,880	-2.4%

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

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

240

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

$98,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH E GORDON	ASSOCIATION	40.00	Officer	$98,187	$0	$98,187
KRIS ALCORN	PRESIDENT	10.00	Officer Director	$0	$0	$0
WILLIAM ARMSTRONG	HONORARY DIR	2.00	Director	$0	$0	$0
DAN CUMBERLAND	AFFILIATE DI	2.00	Director	$0	$0	$0
BRANDI DILLON	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
TEREZ DORSEY	SECRETARY	2.00	Officer Director	$0	$0	$0
GARRETT GILLESPIE	TREASURER	4.00	Officer Director	$0	$0	$0
SORAYA GILLESPIE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HIGHLAND	DIRECTOR	2.00	Director	$0	$0	$0
HANNA HOUCK	DIRECTOR	2.00	Director	$0	$0	$0
JULIE LARSON	DIRECTOR	2.00	Director	$0	$0	$0
AMOS MARTIN	PAST PRESIDE	2.00	Officer 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	$722,338	$825,930	$2,913,359	$-103,592
2023	$761,514	$687,634	$3,046,271	$73,880
2022	$852,680	$725,674	$2,013,862	$127,006
2021	$711,224	$650,497	$2,135,538	$60,727
2020	$605,856	$541,304	$1,765,938	$64,552
2020	$184,587	$96,425	$1,968,970	$88,162

FREDERICK COUNTY ASSOCIATION OF REALTORS