REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC (EIN 591627621) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

Steve McDonald

Phone

3523433003

Tax Period

2023-01-01 to 2023-12-31

REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC, founded in 1971, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

To unite those engaged in the recognized branches of the real estate profession.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,737

Program Service Revenue $1,321,373

Investment Income $24,228

Other Revenue $21,967

TOTAL REVENUE $1,377,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $783,548

Fundraising Expenses $0

Other Expenses $826,644

TOTAL EXPENSES $1,610,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,377,305	$1,206,757	+0.1%
Expenses	$1,610,192	$1,452,878	+0.1%
Net Income	$-232,887	$-246,121	-0.1%

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

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

$147,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve McDonald	ceo	40.0	Officer	$147,439	$0	$147,439
Carolyn M Maimone	President	8.0	Officer Director	$0	$0	$0
Geoffrey Chernault	President Elect	8.0	Officer Director	$0	$0	$0
VIVIENNE E CUNNINGHAM	Vice President	4.0	Officer Director	$0	$0	$0
Mark Dyer	Treasurer	4.0	Officer Director	$0	$0	$0
Connie Mahan	DIRECTOR	1.0	Director	$0	$0	$0
MARY TRISH LEISNER	DIRECTOR	1.0	Director	$0	$0	$0
Thomas Clark	Director	1.0	Director	$0	$0	$0
APRIL RAGER KIRKLAND	DIRECTOR	1.0	Director	$0	$0	$0
Vickie Lingerfelt	DIRECTOR	1.0	Director	$0	$0	$0
Greg Nacke	Director	1.0	Director	$0	$0	$0
Melissa Samar	DIRECTOR	1.0	Director	$0	$0	$0
Robbie Showmaker	Director	1.0	Director	$0	$0	$0
Billie Faye Smith	DIRECTOR	1.0	Director	$0	$0	$0
Kara Wisely	DIRECTOR	1.0	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
2024	No data	No data	No data	No data
2023	$1,377,305	$1,610,192	$2,376,849	$-232,887
2022	$1,206,757	$1,452,878	$2,264,873	$-246,121
2021	$1,320,708	$1,241,956	$2,340,061	$78,752
2020	$1,033,204	$1,093,374	$2,074,913	$-60,170
2019	$982,965	$947,657	$2,238,853	$35,308
2018	$1,002,329	$802,122	$2,463,802	$200,207

REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC