Realtor Association of Sarasota an… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

Jeff Arakelian

Phone

9419523400

Tax Period

2024-01-01 to 2024-12-31

Realtor Association of Sarasota and Manatee Inc, founded in 1964, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 14% surplus.

Mission

THE MISSION OF THE REALTOR ASSOCIATION OF SARASOTA AND MANATEE IS TO ADVANCE MEMBERS' PROFESSIONALISM THROUGH DELIVERY OF EDUCATION AND RESOURCES, AND TO ADVOCATE FOR REAL ESTATE IN THE COMMUNITIES SERVED.

Program Service Accomplishments

Program 1

Communication and education programs for members including: website, Elevate magazine, multiple topical and member segmented electronic newsletters, social media posts, and monthly real estate market statistical report and media release; and new member orientation, code of ethics, professional development, continuing education classes, commercial and international real estate education programs, and annual education conference & expo.

Program 2

Membership programs including annual meeting, Installation banquet, holiday party, general association meetings, strategic planning, commercial real estate marketplace meetings, commercial monthly...

Membership programs including annual meeting, Installation banquet, holiday party, general association meetings, strategic planning, commercial real estate marketplace meetings, commercial monthly meetings, community service projects, and district meetings.

Program 3

Committee programs including government affairs, real estate legal issues, professional standards and grievance, breakfast/luncheon meetings, commercial real estate, international real estate, and...

Committee programs including government affairs, real estate legal issues, professional standards and grievance, breakfast/luncheon meetings, commercial real estate, international real estate, and young professionals network.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,894,034

Investment Income $354,002

Other Revenue $75,379

TOTAL REVENUE $4,323,415

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $1,739,754

Fundraising Expenses $0

Other Expenses $1,962,650

TOTAL EXPENSES $3,709,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,323,415	$3,980,070	+0.1%
Expenses	$3,709,904	$3,477,256	+0.1%
Net Income	$613,511	$502,814	+0.2%

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

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

$245,503

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Arakelian	CEO	40.00	Officer	$238,000	$7,503	$245,503
Jesse Sunday	VP of Operations	40.00		$120,500	$7,900	$128,400
Max Brandow	VP of Advocacy	40.00		$110,000	$7,900	$117,900
Tony Barrett	President	3.00	Officer Director	$0	$0	$0
Debi Reynold	President-Elect	3.00	Officer Director	$0	$0	$0
David Crawford	Vice President	2.00	Officer Director	$0	$0	$0
Anita Lambert	Treasurer	2.00	Officer Director	$0	$0	$0
Brian Tresidder	Past President	2.00	Officer Director	$0	$0	$0
Beth Beckert	Director	1.00	Director	$0	$0	$0
Jessica Bow	Director	1.00	Director	$0	$0	$0
Nathan Butrum	Director	1.00	Director	$0	$0	$0
Pam Charron	Director	1.00	Director	$0	$0	$0
Amy MacDougall	Director	1.00	Director	$0	$0	$0
Rachel McCoy	Director	1.00	Director	$0	$0	$0
Marcia McLaughlin	Director	1.00	Director	$0	$0	$0
Julie Montei	Director	1.00	Director	$0	$0	$0
Brian Partie	Director	1.00	Director	$0	$0	$0
Derek Patti	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	$4,323,415	$3,709,904	$16,334,516	$613,511
2023	$3,980,070	$3,477,256	$15,862,126	$502,814
2022	$3,939,487	$3,177,097	$14,727,452	$762,390
2021	$3,417,937	$2,632,403	$14,781,421	$785,534
2020	$2,910,118	$2,394,529	$13,303,159	$515,589
2019	$3,324,285	$2,540,950	$12,408,178	$783,335
2018	$3,317,740	$2,401,372	$11,296,577	$916,368

Realtor Association of Sarasota and Manatee Inc