Highlands-Cashiers Board of Realtors Inc

EIN: 561693431 Community Improvement

Cashiers, NC

Total Revenue
$196,242
Total Expenses
$208,829
Total Assets
$605,033
Net Assets
$351,583
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
Merry Soellner
Phone
8287430423
Tax Period
2023-01-01 to 2023-12-31

Highlands-Cashiers Board of Realtors Inc, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

To unite those engaged in recognized branches of the real estate profession for the purpose of exerting a beneficial influence upon professional and related interests. To promote and maintain high standards of conduct in the real estate profession as expressed in the code of ethics of the National Association of Realtors. To provide a unified medium for real estate owners and those engaged in the real estate profession whereby their interests may be safeguarded and advanced. To further the interest of home and other real property owenership. To unite those engaged in the real estate profession in Highlands, southern Jackson and Transylvania counties, NC with the realtors and National Association of Realtors.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,663
Program Service Revenue $61,240
Investment Income $1,339
Other Revenue $0
TOTAL REVENUE $196,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,858
Fundraising Expenses $0
Program Expenses $133,536
Other Expenses $80,971
TOTAL EXPENSES $208,829

Year-over-Year Comparison

2023 2022 Change
Revenue $196,242 $174,521 +0.1%
Expenses $208,829 $175,044 +0.2%
Net Income $-12,587 $-523 +23.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
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
6
$81,474
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Muir President 4.00
Officer Director
$0 $0 $0
Merry Soellner President Elect 2.00
Officer Director
$0 $0 $0
Tina Cone Past President 2.00
Officer Director
$0 $0 $0
Jennifer Blake Secretary 2.00
Officer Director
$0 $0 $0
David Kirchner Treaurer 2.00
Officer Director
$0 $0 $0
Kelley Ramsay Director 1.00
Director
$0 $0 $0
John Barrow Director 1.00
Director
$0 $0 $0
Melissa Frazier Director 1.00
Director
$0 $0 $0
Maggie Elmer Director 1.00
Director
$0 $0 $0
Brenda Beye MLS President 1.00
Director
$0 $0 $0
Stephanie Schwarz Association Executive 40.00
Officer
$81,474 $0 $81,474
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 $196,242 $208,829 $605,033 $-12,587
2022 $174,521 $175,044 $599,249 $-523
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