TOPSAIL ISLAND ASSOCIATION OF REALTORS INC (EIN 561763640) - 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

1992

Legal Domicile

Principal Officer

ARLENE MILLER

Phone

9103291406

Tax Period

2025-01-01 to 2025-12-31

TOPSAIL ISLAND ASSOCIATION OF REALTORS INC, founded in 1992, is a small nonprofit that reported $217K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $245K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE AND IMPROVE THE REAL ESTATE PROFESSION IN THE TOPSAIL ISLAND AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,950

Program Service Revenue $153,277

Investment Income $2,545

Other Revenue $4,606

TOTAL REVENUE $217,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,957

Fundraising Expenses $0

Program Expenses $194,142

Other Expenses $126,023

TOTAL EXPENSES $244,980

Year-over-Year Comparison

	2025	2024	Change
Revenue	$217,378	$232,160	-0.1%
Expenses	$244,980	$244,608	+0.0%
Net Income	$-27,602	$-12,448	+1.2%

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

N/A

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

$73,904

Total Directors

$73,904

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESIREE TARON	DIRECTOR	5.00	Director	$0	$0	$0
MAUREEN SIDBURY	DIRECTOR	5.00	Director	$0	$0	$0
JOANN MCDERMON	DIRECTOR	5.00	Director	$0	$0	$0
CRYSTAL BECK	DIRECTOR	5.00	Director	$0	$0	$0
AMYE BAKER	DIRECTOR	5.00	Director	$0	$0	$0
AILEEN GREEN	MEMBERSHIP COORDINATOR	5.00	Director	$0	$0	$0
ARLENE MCMILLAN	ASSOCIATION EXECUTIVE	40.00	Officer Director	$0	$0	$73,904
SARA HAGWOOD	DIRECTOR	5.00	Director	$0	$0	$0
KERIANNE BROWN	DIRECTOR	5.00	Director	$0	$0	$0
CAROL MYERS	PRESIDENT	10.00	Officer	$0	$0	$0
JADE LITCHER	TREASURER	10.00	Officer	$0	$0	$0
DELLA CARSON	SECRETARY	10.00	Officer	$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
2025	$217,378	$244,980	$238,312	$-27,602
2024	$232,160	$244,608	$270,391	$-12,448
2023	$234,553	$237,027	$286,505	$-2,474
2022	$244,426	$228,752	$268,551	$15,674
2021	$226,715	$217,906	$272,298	$8,809
2020	$225,487	$197,598	$252,586	$27,889
2019	$198,662	$212,939	$236,662	$-14,277
2018	$199,849	$205,726	$222,865	$-5,877

TOPSAIL ISLAND ASSOCIATION OF REALTORS INC