GREENSBORO REGIONAL REALTORS ASSOC… - 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

1956

Legal Domicile

Principal Officer

MICHAEL BARR

Phone

3368545868

Tax Period

2023-10-01 to 2024-09-30

GREENSBORO REGIONAL REALTORS ASSOCIATION, founded in 1956, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 9% surplus.

Mission

TO SUPPORT ITS MEMBERS IN THEIR BUSINESS PURSUITS BY PROMOTING THE HIGHEST PROFESSIONAL ETHICS AND BEING THE PRIMARY PROVIDER FOR QUALITY SERVICES, EDUCATION AND REAL ESTATE INFORMATION IN OUR MARKET AREA.

Program Service Accomplishments

Program 1

THE ASSOCIATION UNITES THE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. THE ASSOCIATION EXERTS THIS INFLUENCE PRIMARILY THROUGH ITS...

THE ASSOCIATION UNITES THE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. THE ASSOCIATION EXERTS THIS INFLUENCE PRIMARILY THROUGH ITS SUBSTANTIAL CONTINUING EDUCATION PROGRAM, THEREBY FACILITATING EFFICIENT TRANSACTIONS AND ORDERLY MARKETS. COMMITTEES INVOLVED IN THESE PROGRAMS INCLUDE THE EDUCATION AND ORIENTATION.

Program 2

THE ASSOCIATION PROMOTES AND MAINTAINS HIGH STANDARDS OF CONDUCT IN THE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS. THE ASSOCIATION PROMOTES THESE STANDARDS THROUGH PUBLICATIONS AND PRESENTATIONS AND THROUGH ARBITRATION AND MEDIATION OF DISPUTES. COMMITTEES INVOLVED ARE THE GRIEVANCE COMMITTEE, PROFESSIONAL STANDARDS COMMITTEE, AND EQUAL OPPORTUNITY COMMITTEE.

Program 3

THE ASSOCIATION PROVIDES A UNIFIED MEDIUM FOR THE PROFESSION AND REAL ESTATE OWNERS WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED. THE ASSOCIATION ADVANCES THE INTERESTS OF THE PROFESSION PRIMARILY THROUGH MONITORING LEGISLATIVE AND REGULATORY DEVELOPMENTS OF INTEREST TO IT AND PROVIDING TESTIMONY ON PROPOSALS.

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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 $2,606,856

Investment Income $138,445

Other Revenue $38,043

TOTAL REVENUE $2,783,344

Expense Breakdown

Grants Paid $29,458

Salaries & Benefits $644,628

Fundraising Expenses $0

Other Expenses $1,861,108

TOTAL EXPENSES $2,535,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,783,344	$2,692,213	+0.0%
Expenses	$2,535,194	$2,419,035	+0.0%
Net Income	$248,150	$273,178	-0.1%

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

$156,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVETTE ARTIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
SOFIA CRISP	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
STEPHANIE MABE	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN NEWMAN JR	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
MARY BETH POWELL	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
LISA BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY DOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY HOLLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA MAGEE	BOARD MEMBER	1.00	Director	$0	$0	$0
LOLITA MALAVE	BOARD MEMBER	1.00	Director	$0	$0	$0
HILLARY MEREDITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MAXINE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP STONE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BARR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$156,806	$0	$156,806

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	$2,783,344	$2,535,194	$7,733,706	$248,150
2023	$2,692,213	$2,419,035	$7,325,646	$273,178
2022	$2,665,218	$2,419,889	$6,997,332	$245,329
2021	$2,704,774	$2,229,673	$7,066,762	$475,101
2020	$2,572,126	$2,199,084	$6,321,174	$373,042
2019	$2,366,435	$2,218,173	$5,923,125	$148,262
2018	$2,276,580	$2,085,935	$5,562,842	$190,645

GREENSBORO REGIONAL REALTORS ASSOCIATION