LAKE CITY BOARD OF REALTORS INC

EIN: 591925385

LAKE CITY, FL

Total Revenue
$347,571
Total Expenses
$250,504
Total Assets
$997,820
Net Assets
$763,394
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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
1978
Legal Domicile
FL
Principal Officer
DAN GHERNA
Phone
3867553966
Tax Period
2025-01-01 to 2025-12-31

LAKE CITY BOARD OF REALTORS INC, founded in 1978, is a small nonprofit that reported $348K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 28% operating margin.

Mission

MEMBERSHIP & EDUCATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $314,673
Investment Income $13,328
Other Revenue $19,570
TOTAL REVENUE $347,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,494
Fundraising Expenses $0
Other Expenses $183,010
TOTAL EXPENSES $250,504

Year-over-Year Comparison

2025 2024 Change
Revenue $347,571 $317,399 +0.1%
Expenses $250,504 $243,147 +0.0%
Net Income $97,067 $74,252 +0.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
4
$34,628
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN GHERNA OFFICE MANAG 20.00
Officer
$34,628 $0 $34,628
STAN BATTEN DIRECTOR 0.25
Director
$0 $0 $0
ANGELA COX DIRECTOR 0.25
Director
$0 $0 $0
BRAD DICKS DIRECTOR 0.25
Director
$0 $0 $0
RHAIZA FAULKNER DIRECTOR 0.25
Director
$0 $0 $0
WILLIAM GOLIGHTLY IMMEDIATE PA 0.25
Director
$0 $0 $0
LYNDA GRANOFF PRESIDENT 0.25
Officer Director
$0 $0 $0
SANDY KISHTON PRESIDENT EL 0.25
Officer Director
$0 $0 $0
KELLIE SHIRAH DIRECTOR 0.25
Director
$0 $0 $0
HEATHER LAW SECRETARY 0.25
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
2025 $347,571 $250,504 $997,820 $97,067
2024 $317,399 $243,147 $932,008 $74,252
2023 $66,916 $220,925 $834,172 $-154,009
2022 $311,474 $196,049 $762,459 $115,425
2021 $261,222 $169,368 $639,853 $91,854
2020 $197,095 $153,309 $547,334 $43,786
2019 $172,595 $147,314 $502,665 $25,281
2018 $183,251 $134,905 $475,941 $48,346
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