RALEIGH REGIONAL ASSOCIATION OF REALTORS (EIN 560709311) - 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

1924

Legal Domicile

Principal Officer

MAGEN FARRELL

Phone

9196545400

Tax Period

2023-01-01 to 2023-12-31

RALEIGH REGIONAL ASSOCIATION OF REALTORS, founded in 1924, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 43% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE INFORMATIONAL AND EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS.

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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 $2,283,224

Program Service Revenue $211,136

Investment Income $-349,584

Other Revenue $269,348

TOTAL REVENUE $2,414,124

Expense Breakdown

Grants Paid $3,566

Salaries & Benefits $2,145,315

Fundraising Expenses $0

Other Expenses $1,311,243

TOTAL EXPENSES $3,460,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,414,124	$6,591,689	-0.6%
Expenses	$3,460,124	$7,160,234	-0.5%
Net Income	$-1,046,000	$-568,545	+0.8%

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

$718,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA PITT	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM MCBRAYER	PRESIDENT - ELECT	2.00	Officer Director	$0	$0	$0
SHARON GUPTON	TREASURER	2.00	Officer Director	$0	$0	$0
LESLIE WILLIAMS	PAST - PRESIDENT	2.00	Officer Director	$0	$0	$0
MARCIA BALTIMORE	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN BLONDELL	DIRECTOR	1.00	Director	$0	$0	$0
KOREN BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRETT BUSHNELL	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH CHAN	DIRECTOR	1.00	Director	$0	$0	$0
CODJO COSSOU	DIRECTOR	1.00	Director	$0	$0	$0
FRANK DERONJA	DIRECTOR	1.00	Director	$0	$0	$0
HARRIETTE DOGGETT	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE EDWRDS	DIRECTOR	1.00	Director	$0	$0	$0
MAYA GALLETTA	DIRECTOR	1.00	Director	$0	$0	$0
ANNMARIE JANNI	DIRECTOR	1.00	Director	$0	$0	$0
JON MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
TIM MOCK	DIRECTOR	1.00	Director	$0	$0	$0
MARK PARKER	DIRECTOR	1.00	Director	$0	$0	$0
TALVIA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOE SCHABOT	DIRECTOR	1.00	Director	$0	$0	$0
RENEE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TOM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES UMSTEAD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE YARBROUGH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PHILLIPS	CEO	50.00	Officer	$241,361	$20,834	$262,195
SHEILA DODSON	SENIOR VP AD	50.00	Officer	$174,893	$17,765	$192,658
CARA MOTTERSHEAD	VP OPERATION	50.00	Officer	$117,964	$15,141	$133,105
MAGEN FARRELL	VP FINANCE	50.00	Officer	$115,083	$14,959	$130,042

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	$2,414,124	$3,460,124	$11,274,429	$-1,046,000
2022	$6,591,689	$7,160,234	$8,030,768	$-568,545
2021	$6,674,452	$6,370,462	$11,211,879	$303,990
2020	$5,908,665	$5,542,885	$10,573,695	$365,780
2019	$5,638,734	$5,551,907	$9,883,779	$86,827
2018	$5,043,893	$4,888,665	$9,307,352	$155,228

RALEIGH REGIONAL ASSOCIATION OF REALTORS