CHARLOTTE REGIONAL REALTOR ASSOCIATION INC (EIN 560174058) - 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

1962

Legal Domicile

Principal Officer

ANNE MARIE DECATSYE

Phone

7043720911

Tax Period

2024-01-01 to 2024-12-31

CHARLOTTE REGIONAL REALTOR ASSOCIATION INC, founded in 1962, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024. The organization ran a surplus of $3.7M, a strong 26% operating margin.

Mission

ADVANCING THE PROFESSION AND IMPROVING OUR COMMUNITIES.

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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 $4,381,903

Investment Income $3,175,664

Other Revenue $6,345,073

TOTAL REVENUE $13,902,640

Expense Breakdown

Grants Paid $362,564

Salaries & Benefits $5,918,837

Fundraising Expenses $0

Other Expenses $3,948,301

TOTAL EXPENSES $10,229,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,902,640	$13,677,843	+0.0%
Expenses	$10,229,702	$9,992,588	+0.0%
Net Income	$3,672,938	$3,685,255	0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

400

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

$1,349,390

Total Directors

$46,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARISMA SOUTHERLAND	PRESIDENT	5.00	Officer Director	$6,000	$1,386	$13,386
TIFFANY JOHANNES	PAST-PRESIDENT	5.00	Officer Director	$1,000	$1,626	$3,626
MAGDA ESOLA	PRESIDENT-ELECT	5.00	Officer Director	$4,500	$1,386	$10,386
ALLEN DARGINS	SECRETARY	5.00	Officer Director	$1,000	$1,626	$3,626
TODD LONG	TREASURER	5.00	Officer Director	$1,000	$1,386	$3,386
JOAN GOODE	BOARD MEMBER	1.50	Director	$0	$1,386	$1,386
BILLIE GREEN	BOARD MEMBER	1.50	Director	$0	$390	$390
CINDI HASTINGS	BOARD MEMBER	1.50	Director	$0	$1,386	$1,386
WENDY HODEL	BOARD MEMBER	1.50	Director	$0	$1,626	$1,626
SALLIE MYRICK	BOARD MEMBER	1.50	Director	$0	$1,386	$1,386
ERIKA PITMAN	BOARD MEMBER	1.50	Director	$0	$1,386	$1,386
LORI RANDOLPH	BOARD MEMBER	1.50	Director	$0	$1,386	$1,386
JONATHAN YEATTS	BOARD MEMBER	1.50	Director	$0	$1,386	$1,386
JAMIE YOUNG	BOARD MEMBER	1.50	Director	$0	$1,506	$1,506
ANNE MARIE DECATSYE	CEO	10.00	Officer	$486,956	$56,118	$543,074
STEVE BYRD	CTO	5.00	Officer	$203,825	$37,214	$241,039
MICHELLE MCCOOL	CFO	10.00	Officer	$206,910	$31,551	$238,461
MICHELLE MCCASKILL	COO/GENERAL COUNSEL	10.00	Officer	$243,842	$48,564	$292,406
KARYN KENNEDY LINDSEY	EDUCATION DIRECTOR	20.00	Highest	$139,102	$32,855	$171,957
LATOYA S SIMMS	VP OF SCHOOL	20.00	Highest	$138,805	$26,375	$165,180
KIMBERLY A MCMILLAN	MARKETING VP	20.00	Highest	$142,774	$33,130	$175,904
TERRI E MARSHALL	FOUNDATION DIRECTOR	5.00	Highest	$128,971	$25,653	$154,624
LAURA CUDDY	VP OF HUMAN RESOURCES	20.00	Highest	$125,752	$31,153	$156,905

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	$13,902,640	$10,229,702	$61,739,738	$3,672,938
2023	$13,677,843	$9,992,588	$58,977,702	$3,685,255
2022	$12,190,822	$9,393,324	$55,306,678	$2,797,498
2021	$12,494,849	$9,088,637	$53,438,404	$3,406,212
2020	$13,132,381	$8,396,389	$53,517,006	$4,735,992
2019	$15,574,927	$8,565,235	$48,806,648	$7,009,692
2018	$12,217,013	$7,352,248	$37,142,518	$4,864,765

CHARLOTTE REGIONAL REALTOR ASSOCIATION INC