CARROLL COUNTY ASSOCIATION OF REALTORS INC

EIN: 521080794

WESTMINSTER, MD

Total Revenue
$472,146
Total Expenses
$531,376
Total Assets
$3,687,207
Net Assets
$2,658,136
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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
1956
Legal Domicile
MD
Principal Officer
YVETTE RIPPEON
Phone
4108763530
Tax Period
2024-10-01 to 2025-09-30

CARROLL COUNTY ASSOCIATION OF REALTORS INC, founded in 1956, is a small nonprofit that reported $472K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $531K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE SERVICES THAT WILL CONTINUE TO ELEVATE PROFESSIONALISM TO THE HIGHEST DEGREE IN MATTERS INVOLVING REAL ESTATE AND THROUGH COLLECTIVE EFFORTS ASPIRES TO: PROMOTE AND MAINTAIN HIGH ETHICAL STANDARDS OF CONDUCT WITH THE REAL ESTATE PROFESSION FOR THE PROTECTION AND BENEFIT OF THE PUBLIC AND MEMBERSHIP. PROMOTE AND PROVIDE OPPORTUNITIES FOR PROFESSIONAL GROWTH AND EDUCATION. PROMOTE THE PRESERVATION OF THE RIGHT TO OWN, TRANSFER, AND USE REAL PROPERTY. SUPPORT LEGISLATIVE AND LEGAL ENVIRONMENTS FAVORABLE TO THE REAL ESTATE INDUSTRY AND PROPERTY OWNERS. PROMOTE AND SUPPORT COMMUNITY INVOLVEMENT. ENHANCE THE PUBLIC IMAGE OF REALTORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $185,936
Investment Income $165,322
Other Revenue $120,888
TOTAL REVENUE $472,146

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $230,089
Fundraising Expenses $0
Other Expenses $300,287
TOTAL EXPENSES $531,376

Year-over-Year Comparison

2024 2023 Change
Revenue $472,146 $632,589 -0.3%
Expenses $531,376 $575,839 -0.1%
Net Income $-59,230 $56,750 -2.0%
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

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Governance

Voting Members
16
Independent Members
16
Employees
4
Volunteers
43

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
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY BASS TREASURER 7.00
Officer Director
$0 $0 $0
LAUREN BUMSTEAD DIRECTOR 1.75
Director
$0 $0 $0
SHARON CALLAHAN PAST PRESIDE 3.00
Officer Director
$0 $0 $0
MELISSA DIVERS-REED DIRECTOR 0.50
Director
$0 $0 $0
NORA DRURY DIRECTOR 1.00
Director
$0 $0 $0
DAWN FRIEND SECRETARY 0.50
Officer Director
$0 $0 $0
WILLIAM GELLATLY DIRECTOR 1.00
Director
$0 $0 $0
SHARON K HINER EXECUTIVE VP 0.50
Officer Director
$0 $0 $0
SANDRA JENKINS-BLACKBURN PRESIDENT EL 2.75
Officer Director
$0 $0 $0
JANICE KIRKNER DIRECTOR 1.50
Director
$0 $0 $0
AMY LINTON DIRECTOR 4.75
Director
$0 $0 $0
PATTY MARTIN DIRECTOR 0.75
Director
$0 $0 $0
YVETTE RIPPEON PRESIDENT 2.75
Officer Director
$0 $0 $0
ROBIN ROBINSON DIRECTOR 4.75
Director
$0 $0 $0
AMY SAXE DIRECTOR 0.50
Director
$0 $0 $0
RICK SAYLOR DIRECTOR 0.50
Director
$0 $0 $0
JEANNE VARGO DIRECTOR 2.50
Director
$0 $0 $0
BRENT WHALEN DIRECTOR 1.75
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
2025 $472,146 $531,376 $3,687,207 $-59,230
2024 No data No data No data No data
2023 $619,540 $517,482 $3,449,436 $102,058
2022 $680,449 $431,791 $3,407,779 $248,658
2021 $472,068 $394,945 $2,370,251 $77,123
2020 $387,901 $372,252 $2,170,175 $15,649
2019 $572,100 $436,046 $2,153,907 $136,054
2018 $511,716 $398,045 $2,001,238 $113,671
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