CARPET CAPITAL ASSOC OF REALTORS

EIN: 581418963

DALTON, GA

Total Revenue
$173,580
Total Expenses
$212,159
Total Assets
$440,059
Net Assets
$372,034
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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
1984
Legal Domicile
GA
Principal Officer
EARL D HUGGINS
Phone
7062780297
Tax Period
2023-01-01 to 2023-12-31

CARPET CAPITAL ASSOC OF REALTORS, founded in 1984, is a small nonprofit that reported $174K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $212K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE CARPET CAPITAL ASSOCIATION OF REALTORS IS DEDICATED TO THE PROTECTION AND THE PRESERVATION OF THE FREE ENTERPRISE SYSTEM AND THE RIGHT OF THE INDIVIDUAL TO OWN REAL PROPERTY AS GUARANTEED BY THE CONSTITUTION OF THE UNITED STATES OF AMERICA. TO THAT END, WE OFFER THE BENEFIT OF OUR KNOWLEDGE OF REAL ESTATE, OUR EXPERIENCE, AND OUR TECHNICAL RESOURCES TO THE PUBLIC IN GENERAL AND THE GOVERNMENT WHICH SERVES THEM. WE ENDORSE THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORS AND OBSERVE THE PRINCIPLE OF THE GOLDEN RULE IN THE CONDUCT OF OUR BUSINESS. IT IS OUR PURPOSE NOT ONLY TO ASSIST OUR MEMBERS IN MAXIMIZING THEIR PROFITABILITY AND IN BEING RECOGNIZED AS THE BEST REAL ETATE PRACTITIONERS WITH THE HIGHEST STANDARDS BUT ALSO TO BE RESPONSIBLE MEMBERS OF THE COMMUNITY THAT WE SERVE.

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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 $176,247
Program Service Revenue $3,195
Investment Income $-5,862
Other Revenue $0
TOTAL REVENUE $173,580

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,201
Fundraising Expenses $0
Program Expenses $151,241
Other Expenses $75,480
TOTAL EXPENSES $212,159

Year-over-Year Comparison

2023 2022 Change
Revenue $173,580 $183,621 -0.1%
Expenses $212,159 $209,007 +0.0%
Net Income $-38,579 $-25,386 +0.5%
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
13
Independent Members
13
Employees
2
Volunteers
25

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
13
$0
Total Directors
1
$84,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EARL D HUGGINS CEO 40.00
Director
$84,688 $0 $84,688
SUSAN PATTERSON PRESIDENT 2.00
Officer
$0 $0 $0
TYNA STEVENSON PRESIDENT-ELECT 1.00
Officer
$0 $0 $0
ANNIE HAMMONTREE VICE PRESIDENT 1.00
Officer
$0 $0 $0
BETZAY VALENCIA LOPEZ TREASURER 1.00
Officer
$0 $0 $0
DAVID ROBINSON SECRETARY 1.00
Officer
$0 $0 $0
MARBIN CAMPOS STATE DIRECTOR 1.00
Officer
$0 $0 $0
ERIC AZUA LOCAL DIRECTOR 1.00
Officer
$0 $0 $0
EMILY MATTHEWS LOCAL DIRECTOR 1.00
Officer
$0 $0 $0
LESA CLARK LOCAL DIRECTOR 1.00
Officer
$0 $0 $0
BEAU PATTON STATE DIRECTOR 1.00
Officer
$0 $0 $0
YVONNE OTTS STATE DIRECTOR 1.00
Officer
$0 $0 $0
MIKE MARET DALTON MLS REP 1.00
Officer
$0 $0 $0
BELINDA WINCHESTER LOCAL DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $173,580 $212,159 $440,059 $-38,579
2022 $183,621 $209,007 $420,686 $-25,386
2021 $190,237 $194,190 $483,877 $-3,953
2020 $171,397 $156,489 $475,840 $14,908
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