NORTHERN NECK 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

1961

Legal Domicile

Principal Officer

KELLY ANTONIO

Phone

8045297313

Tax Period

2024-01-01 to 2024-12-31

NORTHERN NECK ASSOCIATION OF REALTORS INC, founded in 1961, is a small nonprofit that reported $211K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $39K, a strong 18% operating margin.

Mission

PROMOTE ETHICAL REAL ESTATE PRACTICES.

Program Service Accomplishments

Program 1

Expenses: $145,393

TO UNITE AND PROMOTE THOSE INDIVIDUALS IN REAL ESTATE ACTIVITIES, PROMOTE GOOD CONDUCT, ETHICAL PRACTICES, EDUCATION AND PUBLIC AWARENESS OF THE REALTOR TO THE GENERAL PUBLIC.

Program 2

Expenses: $3,000

SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO RAPPAHANNOCK COMMUNITY COLLEGE, A COMMUNITY COLLEGE SERVING THE COUNTIES FROM WHICH THE ASSOCIATION DRAWS MEMBERSHIP. THE COLLEGE AWARDS THE SCHOLARSHIPS.

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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 $0

Program Service Revenue $198,871

Investment Income $12,246

Other Revenue $0

TOTAL REVENUE $211,117

Expense Breakdown

Grants Paid $4,250

Salaries & Benefits $54,158

Fundraising Expenses $0

Program Expenses $148,393

Other Expenses $113,828

TOTAL EXPENSES $172,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,117	$195,046	+0.1%
Expenses	$172,236	$179,972	0.0%
Net Income	$38,881	$15,074	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY ANTONIO	TREASURER	1.00	Officer Director	$0	$0	$0
JENNY BACON	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DEW	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIMMY DOVE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LUPER JR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLENE MILLS	SECRETARY	1.00	Officer Director	$0	$0	$0
MCKANN PAYNE	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
HERBERT REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
ERIN RICE	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	$211,117	$172,236	$367,198	$38,881
2023	$195,046	$179,972	$329,293	$15,074
2022	$199,477	$169,510	$324,157	$29,967
2021	$193,583	$174,202	$298,082	$19,381
2020	$219,386	$179,227	$275,946	$40,159
2019	$169,116	$152,407	$254,969	$16,709
2018	$201,223	$185,943	$194,191	$15,280

NORTHERN NECK ASSOCIATION OF REALTORS INC