TOPSAIL ISLAND ASSOCIATION OF REALTORS INC

EIN: 561763640

SURF CITY, NC

Total Revenue
$217,378
Total Expenses
$244,980
Total Assets
$238,312
Net Assets
$167,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NC
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

Program Service Accomplishments

Program 1
Expenses: $62,125

CONDUCTED MEETINGS OF MEMBERS TO DISSEMINATE INFORMATION RELATED TO THE REAL ESTATE PROFESSION THROUGH THE USE OF PUBLIC SPEAKERS. THIS FUNCTION BENEFITS REAL ESTATE AGENTS, BUILDERS, LENDERS...

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CONDUCTED MEETINGS OF MEMBERS TO DISSEMINATE INFORMATION RELATED TO THE REAL ESTATE PROFESSION THROUGH THE USE OF PUBLIC SPEAKERS. THIS FUNCTION BENEFITS REAL ESTATE AGENTS, BUILDERS, LENDERS, APPRAISERS, SELLERS, RENTERS AND OTHERS INVOLVED IN THE REAL ESTATE PROFESSION. ALSO MADE CONTRIBUTIONS TO AREA ORGANIZATIONS AND TO VARIOUS COMMUNITY ACTIVITIES.

Program 2
Expenses: $122,309

PROVIDED A MULTIPLE LISTING SERVICE SYSTEM FOR THE USE OF MEMBERS, INCLUDING CONTRACTING TO HAVE A MLS BOOK PRINTED AND TO MAINTAIN A MLS WEBSITE, WITH EACH MEMBER RESPONSIBLE FOR MAINTAINING HIS OWN...

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PROVIDED A MULTIPLE LISTING SERVICE SYSTEM FOR THE USE OF MEMBERS, INCLUDING CONTRACTING TO HAVE A MLS BOOK PRINTED AND TO MAINTAIN A MLS WEBSITE, WITH EACH MEMBER RESPONSIBLE FOR MAINTAINING HIS OWN LISTINGS IN THE MASTER FILES. ALSO PROVIDED AN ELECTRONIC LOCKBOX SYSTEM FOR USE BY MEMBERS WHICH GIVES ADDED SECURITY TO PERSONS WITH PROPERTY FOR SALE.

Program 3
Expenses: $9,708

SPONSORED AND SUPPORTED VARIOUS PROGRAMS OF CONTINUING EDUCATION IN ORDER TO PROVIDE HIGH QUALITY REAL ESTATE PROFESSIONALS TO SERVE THE NEEDS OF THE GENERAL PUBLIC.

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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 (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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Governance

Voting Members
13
Independent Members
13
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
4
$73,904
Total Directors
9
$73,904
Key Employees
0
$0
Highest Compensated
0
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
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