CHESAPEAKE BAY AND RIVERS ASSOCIAT… - 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

1999

Legal Domicile

Principal Officer

KANDY FISK

Phone

8047760568

Tax Period

2024-01-01 to 2024-12-31

CHESAPEAKE BAY AND RIVERS ASSOCIATION OF REALTORS INC, founded in 1999, is a micro nonprofit that reported $68K in total revenue in fiscal year 2024. Expenses of $108K exceeded revenue, resulting in a 58% operating deficit.

Mission

THIS IS A PROFESSIONAL ASSOCIATION OF REALTORS. IT REINFORCES ETHICAL CONDUCT AND PROVIDES CONTINUING EDUCATION OF MEMBERS ON ALL ASPECTS OF REAL ESTATE SALES AND ENSURES RECOGNITION OF THE HIGH ETHICAL STANDARDS BY STAKEHOLDERS, CUSTOMERS AND COMMUNITY LEADERS.

Program Service Accomplishments

Program 1

EDUCATION AND PROFESSIONAL DEVELOPMENT OF MEMBERS OF THE PROFESSIONAL ASSOCIATION. DUES FOR NATIONAL, STATE AND LOCAL ASSOCIATION ARE COLLECTED AND A PORTION IS PASSED THROUGH TO THE NATIONAL...

EDUCATION AND PROFESSIONAL DEVELOPMENT OF MEMBERS OF THE PROFESSIONAL ASSOCIATION. DUES FOR NATIONAL, STATE AND LOCAL ASSOCIATION ARE COLLECTED AND A PORTION IS PASSED THROUGH TO THE NATIONAL ASSOCIATION OF REALTORS, VIRGINIA ASSOCIATION OF REALTORS AND RPAC.

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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 $65,654

Investment Income $909

Other Revenue $1,654

TOTAL REVENUE $68,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,930

Fundraising Expenses $0

Other Expenses $60,025

TOTAL EXPENSES $107,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,217	$69,758	0.0%
Expenses	$107,955	$121,196	-0.1%
Net Income	$-39,738	$-51,438	-0.2%

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

N/A

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
KANDY FISK	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA PIERCE	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
R D JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL ADAMS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CANDACE SEGALINI	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
LISA ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE WHITEHEADT	DIRECTOR	1.00	Director	$0	$0	$0
TINA LESTER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY GUESS	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	$68,217	$107,955	$1,242,033	$-39,738
2023	$69,758	$121,196	$1,128,351	$-51,438
2022	$117,729	$173,949	$1,087,207	$-56,220
2021	$54,403	$72,350	$1,144,781	$-17,947
2020	$115,397	$130,449	$1,051,782	$-15,052
2019	$145,651	$244,141	$1,076,965	$-98,490
2018	$123,755	$100,052	$1,159,791	$23,703

CHESAPEAKE BAY AND RIVERS ASSOCIATION OF REALTORS INC