GASTON ASSOCIATION OF REALTORS INC

EIN: 566093568

GASTONIA, NC

Total Revenue
$199,746
Total Expenses
$154,267
Total Assets
$1,146,376
Net Assets
$1,007,435
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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
1954
Legal Domicile
NC
Principal Officer
KIM BAKER
Phone
7048674826
Tax Period
2023-01-01 to 2023-12-31

GASTON ASSOCIATION OF REALTORS INC, founded in 1954, is a small nonprofit that reported $200K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 23% operating margin.

Mission

TO FURNISH ITS MEMBERS MEANS AND OPPORTUNITY FOR SOCIAL INTERACTION, MENTAL IMPROVEMENTS, AMUSEMENTS AND RECREATION. TO ORGANIZE, CONDUCT, AND CARRY OUT VARIOUS PLANS, EFFORTS AND UNDERSTANDING FOR GENERAL IMPROVEMENT IN THE REAL ESTATE BUSINESS.

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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 $88,922
Program Service Revenue $0
Investment Income $32,560
Other Revenue $78,264
TOTAL REVENUE $199,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,049
Fundraising Expenses $5,414
Other Expenses $94,218
TOTAL EXPENSES $154,267

Year-over-Year Comparison

2023 2022 Change
Revenue $199,746 $153,646 +0.3%
Expenses $154,267 $133,872 +0.2%
Net Income $45,479 $19,774 +1.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
50

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
$46,621
Total Directors
10
$46,621
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIE FERGUSON PAST PRESIDE 2.00
Officer Director
$0 $0 $0
KIM BAKER PRESIDENT 2.00
Officer Director
$0 $0 $0
JARRAN MOTT TREASURER 2.00
Officer Director
$0 $0 $0
JAMIE PARKER DIRECTOR 1.00
Director
$0 $0 $0
NANCY ACCIPTER DIRECTOR 1.00
Director
$0 $0 $0
TANYA KNUTSON DIRECTOR 1.00
Director
$0 $0 $0
SHANNON MOTT DIRECTOR 1.00
Director
$0 $0 $0
JENNY HACKETT EXECUTIVE DI 24.00
Officer Director
$46,621 $0 $46,621
CASSANDRA SNYDER PRESIDENT-EL 2.00
Director
$0 $0 $0
CHAD SIMPSON 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 No data No data No data No data
2023 $199,746 $154,267 $1,146,376 $45,479
2022 $153,646 $133,872 $934,472 $19,774
2021 $257,012 $150,095 $1,115,209 $106,917
2020 $258,481 $160,790 $988,788 $97,691
2019 $310,822 $179,320 $915,312 $131,502
2018 $148,328 $174,770 $777,310 $-26,442
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