REAL ESTATE SERVICES PROVIDERS COU… - 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

1993

Legal Domicile

Principal Officer

KENNETH R TREPETA ESQ

Phone

2028622051

Tax Period

2023-01-01 to 2023-12-31

REAL ESTATE SERVICES PROVIDERS COUNCIL INC, founded in 1993, is a small nonprofit that reported $772K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $922K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROMOTE A BUSINESS AND REGULATORY ENVIRONMENT THAT FACILITATES ONE-STOP SHOPPING IN THE HOME BUYING AND FINANCING INDUSTRY THROUGH AFFILIATED BUSINESSES AND OTHER PARTNERSHIPS.

Program Service Accomplishments

Program 1

REGULATORY COMPLIANCE - RESPRO INFORMS MEMBERS OF REGULATIONS AFFECTING ITS MEMBERS' AFFILIATED BUSINESSES AND STRATEGIC ALLIANCES THROUGH AN ELECTRONIC NEWSLETTER, WEBSITE, AND PUBLICATIONS.

Program 2

CONFERENCES AND SEMINARS - EXECUTIVES FROM THE REAL ESTATE, BUILDING,MORTGAGE, TITLE AND SETTLEMENT SERVICE INDUSTRY ATTEND RESPRO'S ANNUALCONFERENCE, FALL REGULATORY SEMINAR, AND WEBINARS TO LEARN HOW TOCREATE AND MANAGE REGULATORY COMPLIANT AND SUCCESSFUL AFFILIATEDBUSINESSES AND STRATEGIC ALLIANCE.

Program 3

ADVOCACY - REAL ESTATE SERVICES PROVIDERS COUNCIL, INC. (RESPRO) REPRESENTS THE INTERESTS OF AFFILIATED BUSINESSES AND STRATEGIC ALLIANCES IN THE HOME BUYING AND FINANCING INDUSTRY BEFORE CONGRESS...

ADVOCACY - REAL ESTATE SERVICES PROVIDERS COUNCIL, INC. (RESPRO) REPRESENTS THE INTERESTS OF AFFILIATED BUSINESSES AND STRATEGIC ALLIANCES IN THE HOME BUYING AND FINANCING INDUSTRY BEFORE CONGRESS AND FEDERAL/STATE REGULATORY BODIES.

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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 $771,899

Investment Income $34

Other Revenue $0

TOTAL REVENUE $771,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,820

Fundraising Expenses $0

Other Expenses $396,691

TOTAL EXPENSES $921,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$771,933	$866,349	-0.1%
Expenses	$921,511	$876,491	+0.1%
Net Income	$-149,578	$-10,142	+13.7%

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

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

$275,824

Total Directors