SOCIETY OF INDUSTRIAL AND OFFICE REALTORS (EIN 530184820) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

ROBERT THORNBURGH

Phone

3123298200

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF INDUSTRIAL AND OFFICE REALTORS, founded in 1941, is a community nonprofit in the Community Improvement sector that reported $8.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $9.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS (SIOR) OF THE NAR IS A (CONTINUED ON SCHEDULE O) PROFESSIONAL ASSOCIATION WHICH:A. TO UNITE THOSE REALTORS WHO ARE ENGAGED IN BROKERING OR ADVISING FOR COMPENSATION, THE BUYING, SELLING, RENTING OR LEASING OF LAND, FACTORIES, WAREHOUSES, RESEARCH FACILITIES, OFFICES AND OTHER REAL ESTATE USED IN THE PROCESSES OF BUSINESS AND INDUSTRY ("INDUSTRIAL AND OFFICE REAL ESTATE").B. THE FOSTERING OF KNOWLEDGE, EDUCATION, INTEGRITY, AND QUALITY WORKMANSHIP IN THE FIELD OF INDUSTRIAL AND OFFICE REAL ESTATE.C. THE EXCHANGE OF INFORMATION RELATING TO INDUSTRIAL AND OFFICE REAL ESTATE.D. THE IDENTIFICATION, QUALIFICATION AND CERTIFICATION OF EXPERIENCED AND COMPETENT INDUSTRIAL AND OFFICE REAL ESTATE PROFESSIONALS AND PUBLICATION OF THE QUALIFICATIONS OF ITS MEMBERS TO THOSE NEEDS OF THE PUBLIC.E. THE COOPERATION WITH GOVERNMENTAL DEPARTMENTS, CIVIC ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, AND BUSINESS GROUPS, BY APPROPRIATE CONTACT.

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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 $7,818,522

Investment Income $322,024

Other Revenue $26,543

TOTAL REVENUE $8,167,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,323,581

Fundraising Expenses $0

Other Expenses $5,965,992

TOTAL EXPENSES $9,289,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,167,089	$8,723,880	-0.1%
Expenses	$9,289,573	$8,205,769	+0.1%
Net Income	$-1,122,484	$518,111	-3.2%

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

450

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

$1,553,562

Total Directors

$874,479

Key Employees

$634,839

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT THORNBURGH	CEO	37.50	Officer Director	$817,503	$56,976	$874,479
DAVID LOCKWOOD	PRESIDENT (BEG 10/2023)	1.25	Officer Director	$0	$0	$0
MIKE OHMES	PRESIDENT-ELECT (BEG 10/2023)	1.25	Officer Director	$0	$0	$0
PATRICIA LOVEALL PRES THRU	9/23) / IMM. PAST PRES (BEG 10/23)	1.25	Officer Director	$0	$0	$0
SAADIA SHEIKH	VICE PRESIDENT	1.25	Officer Director	$0	$0	$0
CATHY JONES	TREASURER	1.50	Officer Director	$0	$0	$0
JOHN ADAMS	MEMBER - AT LARGE (THRU 9/2023)	0.50	Director	$0	$0	$0
AMY BROADHURST	MEMBER - AT LARGE (BEG 10/2023)	0.50	Director	$0	$0	$0
PAUL DANKS	MEMBER - AT LARGE	0.50	Director	$0	$0	$0
SETH EDENS	MEMBER - AT LARGE (BEG 10/2023)	0.50	Director	$0	$0	$0
BRUCE HECHT	MEMBER - AT LARGE	0.50	Director	$0	$0	$0
VANESSA HERZOG	MEMBER - AT LARGE	0.50	Director	$0	$0	$0
DAMIAN RIVERA	MEMBER - AT LARGE	0.50	Director	$0	$0	$0
PATRICK SENTNER IMM PAST	PRES (THRU 9/23) / MEM-AT LARGE	0.50	Director	$0	$0	$0
TERRY SMITH	MEMBER - AT LARGE (THRU 9/2023)	0.50	Director	$0	$0	$0
DAN SMOLENSKY	MEMBER - AT LARGE	0.50	Director	$0	$0	$0
JR STEINBAUER	MEMBER - AT LARGE (BEG 10/2023)	0.50	Director	$0	$0	$0
TABER THILL	MEMBER - AT LARGE (THRU 9/2023)	0.50	Director	$0	$0	$0
LAURIE TYLENDA	MEMBER - AT LARGE	0.50	Director	$0	$0	$0
BRANDON HENSLEY	COO	37.50	Officer	$346,285	$48,216	$394,501
KARIN FENDRICH	CFO	37.50	Officer	$243,557	$41,025	$284,582
KELLY MILLER	VP, MEMBERSHIP	37.50	Key Emp	$188,115	$37,144	$225,259
ELIZABETH KOENST	SENIOR VP, PROGRAMS	37.50	Key Emp	$172,537	$36,054	$208,591
JOHN MANGANIELLO	SENIOR VP, BUSINESS DEVELOPMENT	37.50	Key Emp	$165,433	$35,556	$200,989
ALEXIS FERMANIS	SENIOR DIR., MKTNG & COMMUNICATIONS	37.50	Highest	$157,128	$34,975	$192,103

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	No data	No data	No data	No data
2023	$8,167,089	$9,289,573	$12,997,841	$-1,122,484
2022	$8,723,880	$8,205,769	$13,410,840	$518,111
2021	$6,676,147	$7,092,944	$15,857,088	$-416,797
2020	$5,476,527	$6,013,044	$13,343,449	$-536,517
2019	$7,108,999	$7,292,488	$12,843,494	$-183,489
2018	$7,107,732	$6,990,736	$11,338,873	$116,996

SOCIETY OF INDUSTRIAL AND OFFICE REALTORS