TALLAHASSEE BOARD OF REALTORS INC

EIN: 596150407

TALLAHASSEE, FL

Total Revenue
$1,461,379
Total Expenses
$1,253,248
Total Assets
$4,967,098
Net Assets
$3,470,062
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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
1935
Legal Domicile
FL
Principal Officer
NICHOLAS MIHALICH
Phone
8502247713
Tax Period
2023-01-01 to 2023-12-31

TALLAHASSEE BOARD OF REALTORS INC, founded in 1935, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 14% surplus.

Mission

TO PROVIDE PRODUCTS AND SERVICES TO OUR MEMBERS THAT ALLOW THEM TO OPERATE THEIR BUSINESS BOTH PROFITABLY AND ETHICALLY.

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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 $2,726
Program Service Revenue $900,101
Investment Income $41,524
Other Revenue $517,028
TOTAL REVENUE $1,461,379

Expense Breakdown

Grants Paid $5,584
Salaries & Benefits $537,539
Fundraising Expenses $0
Other Expenses $710,125
TOTAL EXPENSES $1,253,248

Year-over-Year Comparison

2023 2022 Change
Revenue $1,461,379 $1,170,115 +0.2%
Expenses $1,253,248 $1,120,660 +0.1%
Net Income $208,131 $49,455 +3.2%
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

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Governance

Voting Members
13
Independent Members
13
Employees
8
Volunteers
250

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
6
$207,392
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER CLOUSER DIRECTOR 5.00
Director
$0 $0 $0
DEANA HERNDON DIRECTOR 5.00
Director
$0 $0 $0
SUSAN JONES DIRECTOR 5.00
Director
$0 $0 $0
LISA MONTGOMERY-CALVERT DIRECTOR 5.00
Director
$0 $0 $0
ADAM YOUNG DIRECTOR 5.00
Director
$0 $0 $0
ANTHONY GIFFORD DIRECTOR 5.00
Director
$0 $0 $0
STEWART PROCTOR DIRECTOR 5.00
Director
$0 $0 $0
HEATHER RYBAK DIRECTOR 5.00
Director
$0 $0 $0
STEVEN LOUCHHEIM CEO 50.00
Officer
$166,541 $40,851 $207,392
DANIELLE GALVIN PAST PRESIDENT 5.00
Officer
$0 $0 $0
JIM M BUTLER PRESIDENT 5.00
Officer
$0 $0 $0
OTHELL BROGER PRESIDENT ELECT 5.00
Officer
$0 $0 $0
CARLA STEPHENS SECRETARY 5.00
Officer
$0 $0 $0
LEE SNOWDEN TREASURER 5.00
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 $1,461,379 $1,253,248 $4,967,098 $208,131
2022 $1,170,115 $1,120,660 $3,697,442 $49,455
2021 $1,101,874 $996,188 $3,557,757 $105,686
2020 $1,005,031 $836,512 $3,333,893 $168,519
2019 $1,055,599 $961,397 $2,982,378 $94,202
2018 $1,176,525 $1,057,312 $2,629,809 $119,213
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