CENTRAL PANHANDLE ASSOCIATION OF R… - 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

1965

Legal Domicile

Principal Officer

ARIANE JOHNSON

Phone

8507638078

Tax Period

2024-01-01 to 2024-12-31

CENTRAL PANHANDLE ASSOCIATION OF REALTORS INC, founded in 1965, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. The organization ran a surplus of $518K, a strong 19% operating margin.

Mission

TO DEVELOP AND PROMOTE PROGRAMS AND SERVICES THAT ENHANCE MEMBERS' ABILITY TO CONDUCT THEIR INDIVIDUAL BUSINESSES SUCCESSFULLY WITH INTEGRITY AND COMPETENCY, PROMOTE THE PRESERVATION OF REAL PROPERTY RIGHTS, POSITION OURSELVES TO EXPLORE FUTURE OPPORTUNITIES AND INCREASE THE PUBLIC AWARENESS OF REALTORS POSITIVE ROLES IN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

EDUCATION - REVENUES AND EXPENSES ARE DIRECTLY RELATED TO TRAINING,EDUCATION AND ADVANCEMENT OF MEMBERS .

Program 2

COMMUNICATIONS - REVENUES AND EXPENSES ARE DIRECTLY RELATED TO MONTHLYPUBLICATIONS AND AMBASSADOR PROGRAMS FOR MEMBERS.

Program 3

PROFESSIONAL STANDARDS - REVENUES AND EXPENSES ARE DIRECTLY RELATED TO PROFESSIONAL CONDUCT AND DISCIPLINE OF MEMBERS.

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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 $1,177,006

Program Service Revenue $275,584

Investment Income $76,347

Other Revenue $1,268,650

TOTAL REVENUE $2,797,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,723

Fundraising Expenses $0

Other Expenses $1,781,988

TOTAL EXPENSES $2,279,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,797,587	$2,703,974	+0.0%
Expenses	$2,279,711	$2,268,468	+0.0%
Net Income	$517,876	$435,506	+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

150

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

$143,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATHRINE MATTHEWS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARIANE JOHNSON	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
JENNIFER LEDESMA	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET MELTON	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHERINE ANDERSON	TREASURER	1.00	Officer Director	$0	$0	$0
ANN JONES	DIRECTOR	1.00	Director	$0	$0	$0
JACOB WILLENBORG	DIRECTOR	1.00	Director	$0	$0	$0
CATRIESE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LACY HORSLEY	DIRECTOR	1.00	Director	$0	$0	$0
APRIL DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
BRITT GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA RYAN	DIRECTOR	1.00	Director	$0	$0	$0
KAYDEE ALBRITTON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$126,818	$16,232	$143,050

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	$2,797,587	$2,279,711	$6,104,101	$517,876
2023	$2,703,974	$2,268,468	$5,346,018	$435,506
2022	$2,540,740	$1,879,547	$4,758,649	$661,193
2021	$2,164,333	$1,555,019	$4,050,850	$609,314
2020	$1,875,789	$1,365,759	$3,318,993	$510,030
2019	$1,724,200	$1,359,895	$2,767,604	$364,305
2018	$1,335,133	$1,202,500	$2,401,109	$132,633

CENTRAL PANHANDLE ASSOCIATION OF REALTORS INC