HERNANDO COUNTY ASSOCIATION OF REALTORS INC

EIN: 591636162 Community Improvement

BROOKSVILLE, FL

Total Revenue
$854,046
Total Expenses
$723,944
Total Assets
$2,884,476
Net Assets
$2,029,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
FL
Principal Officer
BRENDA S RABBITT
Phone
3527991971
Tax Period
2023-01-01 to 2023-12-31

HERNANDO COUNTY ASSOCIATION OF REALTORS INC, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $854K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $130K, a strong 15% operating margin.

Mission

EXISTS TO PROMOTE AND MAINTAIN THE CODE OF ETHICS, TO PROVIDE MULTIPLE LISTING SERVICES, TO PROVIDE EDUCATIONAL AND TECHNOLOGICAL INSTRUCTION AND TO PROVIDE LEADERSHIP OPPORTUNITIES, IN ORDER TO RECOGNIZE OUR MEMBERSHIP'S COMMON GOALS OF INCREASED PROFESSIONALISM AND PROFITABILITY

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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 $283,119
Program Service Revenue $509,270
Investment Income $17,372
Other Revenue $44,285
TOTAL REVENUE $854,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $354,833
Fundraising Expenses $0
Program Expenses $723,944
Other Expenses $369,111
TOTAL EXPENSES $723,944

Year-over-Year Comparison

2023 2022 Change
Revenue $854,046 $941,660 -0.1%
Expenses $723,944 $681,173 +0.1%
Net Income $130,102 $260,487 -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

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Liquidity & Cash Position

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Governance

Voting Members
150
Independent Members
150
Employees
8
Volunteers
N/A

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN BRADLEY TREASURER N/A
Director
$0 $0 $0
SILVIA DUKES DIRECTOR N/A
Director
$0 $0 $0
DIANE FISHER DIRECTOR N/A
Director
$0 $0 $0
MELINDA GRIMES DIRECTOR N/A
Director
$0 $0 $0
MADELYN HERMETET DIRECTOR OF N/A
Director
$0 $0 $0
KERRY MCLAUGHLIN DIRECTOR N/A
Director
$0 $0 $0
JIM TRACY DIRECTOR N/A
Director
$0 $0 $0
CHRISTINA BOTTO PRESIDENT N/A
Officer
$0 $0 $0
STEVE VAN GORDEN PRESIDENT - N/A
Officer
$0 $0 $0
BRENDA S RABBITT CEO N/A
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 $854,046 $723,944 $2,884,476 $130,102
2022 $941,660 $681,173 $2,457,504 $260,487
2021 $902,514 $606,333 $2,179,689 $296,181
2020 $771,898 $591,801 $1,655,872 $180,097
2019 $871,319 $542,803 $1,485,769 $328,516
2018 $752,203 $648,325 $1,487,073 $103,878
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