NAVARRE AREA BOARD OF REALTORS INC (EIN 592561916) - 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

1984

Legal Domicile

Principal Officer

Billy Chapman

Phone

8509393870

Tax Period

2024-01-01 to 2024-12-31

NAVARRE AREA BOARD OF REALTORS INC, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $612K in total revenue in fiscal year 2024. The organization ran a surplus of $185K, a strong 30% operating margin.

Mission

TRADE ASSOCIATION FOR REAL ESTATE PROFESSIONALS. MEMBERS: TO PROVIDE SERVICES, PRODUCTS AND AMENITIES TO ENHANCE AND/OR PROMOTE THEIR REAL ESTATE CAREERS COMMUNITY: TO PARTICIPATE, PHYSICALLY AND MONETARILY, IN THE ADVANCEMENT OF OUR COMMUNITY

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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 $242,637

Program Service Revenue $75,559

Investment Income $56,911

Other Revenue $237,132

TOTAL REVENUE $612,239

Expense Breakdown

Grants Paid $5,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $421,814

TOTAL EXPENSES $427,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,239	$626,441	0.0%
Expenses	$427,314	$474,461	-0.1%
Net Income	$184,925	$151,980	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BART PULLUM	PRESIDENT	5.00	Officer Director	$0	$0	$0
AMY MULLINS	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
BILLY CHAPMAN	TREASURER	5.00	Officer Director	$0	$0	$0
SAM KINKAID	SECRETARY	5.00	Officer Director	$0	$0	$0
LAWRENCE BONCK	PRESIDENT ELECT	3.00	Director	$0	$0	$0
LYNDA WALKER	DIRECTOR	3.00	Director	$0	$0	$0
HUGH CHIP SMITH	DIRECTOR	3.00	Director	$0	$0	$0
PHILIP ROSS	DIRECTOR	3.00	Director	$0	$0	$0
JOHN SUTHERLAND	DIRECTOR	3.00	Director	$0	$0	$0
JANET KELLER	DIRECTOR	3.00	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	$612,239	$427,314	$1,794,810	$184,925
2023	$626,441	$474,461	$1,604,640	$151,980
2022	$580,515	$427,275	$1,452,663	$153,240
2021	$546,187	$374,629	$1,299,424	$171,558
2020	$448,952	$314,863	$1,127,859	$134,089

NAVARRE AREA BOARD OF REALTORS INC