MIAMI ASSOCIATION OF REALTORS INC

EIN: 590359750

MIAMI, FL

Total Revenue
$20,371,921
Total Expenses
$24,494,444
Total Assets
$71,480,990
Net Assets
$39,222,792
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
FL
Principal Officer
TERESA KINNEY
Phone
3054687000
Tax Period
2023-07-01 to 2024-06-30

MIAMI ASSOCIATION OF REALTORS INC, founded in 1920, is a mid-sized nonprofit that reported $20.4M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $24.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

The MIAMI Association of Realtors (MIAMI) was chartered by the National Association of Realtors in 1920 and is celebrating 104 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations: MIAMI RESIDENTIAL, MIAMI COMMERCIAL; BROWARD-MIAMI, a division of MIAMI Realtors; JTHS-MIAMI, a division of MIAMI Realtors in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the award-winning MIAMI Global Council. MIAMI REALTORS represents nearly 60,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S. and has official partnerships with 260+ international organizations worldwide.

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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 $0
Program Service Revenue $28,506,962
Investment Income $-9,633,424
Other Revenue $1,498,383
TOTAL REVENUE $20,371,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,267,105
Fundraising Expenses $0
Other Expenses $14,227,339
TOTAL EXPENSES $24,494,444

Year-over-Year Comparison

2023 2022 Change
Revenue $20,371,921 $25,612,841 -0.2%
Expenses $24,494,444 $22,296,011 +0.1%
Net Income $-4,122,523 $3,316,830 -2.2%
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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Governance

Voting Members
20
Independent Members
20
Employees
80
Volunteers
200

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
25
$1,248,804
Total Directors
31
$0
Key Employees
2
$570,613
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA KING KINNEY CHIEF EXECUTIVE OFFICER 40.0
Officer
$908,121 $72,500 $980,621
ELIZABETH STURROCK CHIEF INNOVATION OFFICER 40.0
Highest
$318,682 $11,538 $330,220
DEBORAH BOZA VALLEDOR CHIEF OPERATING OFFICER 40.0
Key Emp
$315,555 $13,893 $329,448
EURECKA CHRISTOPHER CHIEF FINANCIAL OFFICER 40.0
Officer
$258,321 $9,862 $268,183
DANIELLE CLERMONT SENIOR VP OF MARKETING 40.0
Key Emp
$228,165 $13,000 $241,165
LETICIA OLIVER CHIEF OF PROF. DEVELOPMENT 40.0
Highest
$216,705 $12,500 $229,205
GLORIA BLAKE CHIEF OF PUBLIC POLICY 40.0
Highest
$207,562 $12,000 $219,562
ELIZABETH JUFFIN VP OF BUSINESS DEVELOPMENT 40.0
Highest
$204,069 $11,500 $215,569
EVIAN DE LEON WHITE CHIEF LEGAL COUNSEL 40.0
Highest
$199,520 $11,500 $211,020
INES HEGEDUS-GARCIA 2023 CHAIRMAN OF THE BOARD 5.0
Officer Director
$0 $0 $0
FERNANDO ARENCIBIA JR CH. OF THE BOARD (THRU 12/23) 5.0
Officer Director
$0 $0 $0
AUGUSTO J FONTE CHAIRMAN OF THE BOARD 5.0
Officer Director
$0 $0 $0
EDDIE BLANCO CHAIRMAN OF THE BOARD-ELECT 5.0
Officer Director
$0 $0 $0
PETER ORTEGA SECRETARY (THRU 12/23) 5.0
Officer Director
$0 $0 $0
CHANDRA ETIENNE SECRETARY 5.0
Officer Director
$0 $0 $0
MARK SADEK TREASURER 5.0
Officer Director
$0 $0 $0
NATASCHA TELLO TREASURER (THRU 12/23) 5.0
Officer Director
$0 $0 $0
JENNIFER M FORBES MIAMI COMM. PRES (THRU 12/23) 5.0
Officer Director
$0 $0 $0
LORENZO PEREZ JR MIAMI COMMERCIAL PRESIDENT 5.0
Officer Director
$0 $0 $0
JUSTINE JIMENEZ GARCIA MIAMI RESIDENTIAL PRESIDENT 5.0
Officer Director
$0 $0 $0
VENUS PROFFER BROWARD-MIAMI PRESIDENT 5.0
Officer Director
$0 $0 $0
ALFREDO PUJOL BROWARD-MIAMI PRES(THRU 12/23) 5.0
Officer Director
$0 $0 $0
MARTHA GILLESPIE-BEEMAN JTHS-MIAMI PRES (THRU 12/23) 5.0
Officer Director
$0 $0 $0
GINENNE BOEHM JTHS-MIAMI PRESIDENT 5.0
Officer Director
$0 $0 $0
COURTNEY SMITHEMAN JTHS-MIAMI PRESIDENT 5.0
Officer Director
$0 $0 $0
KATHERINE ARTETA YPN MIAMI PRES (THRU 12/23) 5.0
Officer Director
$0 $0 $0
DANIA DIAZ YPN MIAMI PRESIDENT 5.0
Officer Director
$0 $0 $0
TAMIKA MOSES MIAMI COMMERCIAL PRES-ELECT 5.0
Officer Director
$0 $0 $0
JONATHAN J ALFONSO MIAMI RESIDENTIAL PRES-ELECT 5.0
Officer Director
$0 $0 $0
LARRY SINGH BROWARD-MIAMI PRES-ELECT 5.0
Officer Director
$0 $0 $0
CHARLES SIEBRECHTTHRU 1223 JTHS-MIAMI PRES-ELECT 5.0
Officer Director
$0 $0 $0
SIMO LABRITI YPN PRES-ELECT 5.0
Officer Director
$0 $0 $0
DAVID ABERNATHY DIRECTOR 5.0
Director
$0 $0 $0
PATRICIA C ANGLERO DIRECTOR (THRU 12/23) 5.0
Director
$0 $0 $0
ANGELIQUE HIBBERT DIRECTOR 5.0
Director
$0 $0 $0
SHARON LINDBLADE DIRECTOR (THRU 12/23) 5.0
Director
$0 $0 $0
CHRISTINA PAPPAS DIRECTOR 5.0
Director
$0 $0 $0
DONNA REID DIRECTOR (THRU 12/23) 5.0
Director
$0 $0 $0
ENRIQUE TERAN DIRECTOR 5.0
Director
$0 $0 $0
JENNIFER WOLLMANN DIRECTOR 5.0
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
2025 No data No data No data No data
2024 $20,371,921 $24,494,444 $71,480,990 $-4,122,523
2023 $25,612,841 $22,296,011 $76,870,505 $3,316,830
2022 $26,699,665 $19,094,948 $60,569,821 $7,604,717
2021 $21,744,917 $18,097,992 $56,284,695 $3,646,925
2020 $23,266,299 $18,822,068 $46,029,369 $4,444,231
2019 $22,986,080 $18,981,374 $44,124,532 $4,004,706
2018 $21,625,665 $19,073,413 $40,383,089 $2,552,252
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