REALTORS ASSOCIATION OF INDIAN RIVER COUNTY INC (EIN 591877401) - 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

1967

Legal Domicile

Principal Officer

KYLE VON KOHORN

Phone

7725673510

Tax Period

2023-10-01 to 2024-09-30

REALTORS ASSOCIATION OF INDIAN RIVER COUNTY INC, founded in 1967, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $210K, a strong 15% operating margin.

Mission

PROMOTION AND MAINTENANCE OF HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION ALONG WITH SAFEGUARDING THE INTERESTS OF REAL ESTATE OWNERS AND PROFESSIONALS. MEMBERS ARE THOSE INDIVIDUALS WHO ARE ENGAGED IN THE REAL ESTATE PROFESSION OR WHO HAVE A NEED OF ACQUIRING REAL ESTATE INFORMATION.

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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 $0

Program Service Revenue $720,791

Investment Income $99,828

Other Revenue $548,264

TOTAL REVENUE $1,368,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $570,189

Fundraising Expenses $0

Other Expenses $588,788

TOTAL EXPENSES $1,158,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,368,883	$1,397,385	0.0%
Expenses	$1,158,977	$1,134,865	+0.0%
Net Income	$209,906	$262,520	-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

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

$222,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE VON KOHORN	PRESIDENT	3.00	Officer Director	$0	$0	$0
TROY WESTOVER	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
KURT GRADEL	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
JENNIFER BAILEY	PRESIDENT EL	3.00	Director	$0	$0	$0
SALLY DALEY	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA FALLS	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN LONGWELL RAASVELDT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HARPER	DIRECTOR	1.00	Director	$0	$0	$0
SALLY WOODS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY BORDEN	PAST PRESIDE	1.00	Officer	$0	$0	$0
CAROL HAWK	EXEC DIREC	40.00	Officer	$222,650	$0	$222,650

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	$1,368,883	$1,158,977	$6,453,667	$209,906
2023	$1,397,385	$1,143,162	$6,319,114	$254,223
2022	$1,312,902	$1,074,421	$5,905,352	$238,481
2021	$1,192,788	$976,041	$5,787,085	$216,747
2020	$1,285,061	$1,148,340	$5,424,451	$136,721
2019	$1,329,228	$1,174,282	$5,093,986	$154,946

REALTORS ASSOCIATION OF INDIAN RIVER COUNTY INC