Hendersonville Board of Realtors Inc (EIN 561215375) - 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

1970

Legal Domicile

Principal Officer

Symantha Gragg

Phone

8286939642

Tax Period

2024-01-01 to 2024-12-31

Hendersonville Board of Realtors Inc, founded in 1970, is a small nonprofit that reported $387K in total revenue in fiscal year 2024. Net assets of $924K represent 29 months of operating reserves.

Mission

Promote the best interests of real estate brokers and appraisers in the city of Hendersonville and the surrounding counties. To aid and abet in the application of a code of fair conduct and ethics in all business and personal relations.

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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 $367,451

Program Service Revenue $0

Investment Income $0

Other Revenue $19,475

TOTAL REVENUE $386,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,374

Fundraising Expenses $0

Program Expenses $334,434

Other Expenses $244,860

TOTAL EXPENSES $395,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,926	$401,180	0.0%
Expenses	$395,234	$445,603	-0.1%
Net Income	$-8,308	$-44,423	-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

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

$92,539

Total Directors

$92,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candi Guffey	Secretary	1.00	Officer Director	$0	$0	$0
Samantha Gragg	Association Executive	40.00	Officer Director	$92,539	$0	$92,539
Caleb Phillips	President	1.00	Officer Director	$0	$0	$0
Michelle Ranieri	Treasurer	1.00	Officer Director	$0	$0	$0
Steve Crouch	Director	1.00	Officer Director	$0	$0	$0
Charles Russell	Director	1.00	Officer Director	$0	$0	$0
Merle Reese	Director	1.00	Director	$0	$0	$0
Art Redden	Director	1.00	Director	$0	$0	$0
Nathan West	Director	1.00	Director	$0	$0	$0
Roberta Heinrich	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	$386,926	$395,234	$924,755	$-8,308
2023	$401,180	$445,603	$968,035	$-44,423
2022	$395,799	$477,058	$996,527	$-81,259
2021	$428,917	$477,125	$1,065,135	$-48,208
2020	$428,439	$405,500	$1,121,937	$22,939

Hendersonville Board of Realtors Inc