DAYTONA BEACH AREA ASSOCIATION OF REALTORS INC (EIN 596151125) - 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

1965

Legal Domicile

Principal Officer

LEAH SELIG

Phone

3866777131

Tax Period

2023-01-01 to 2023-12-31

DAYTONA BEACH AREA ASSOCIATION OF REALTORS INC, founded in 1965, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023.

Mission

THE ASSOCIATION WAS ORGANIZED TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THIS COMMUNITY WITH THE FLORIDA AND THE NATIONAL ASSOCIATION OF REALTORS THEREBY FURTHERING THEIR OWN OBJECTIVES THROUGHOUT THE STATE AND NATION.

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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 $1,111

Program Service Revenue $2,827,602

Investment Income $49,872

Other Revenue $11,989

TOTAL REVENUE $2,890,574

Expense Breakdown

Grants Paid $19,471

Salaries & Benefits $710,569

Fundraising Expenses $0

Other Expenses $2,166,830

TOTAL EXPENSES $2,896,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,890,574	$2,775,209	+0.0%
Expenses	$2,896,870	$2,755,787	+0.1%
Net Income	$-6,296	$19,422	-1.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

170

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

$223,681

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN FALB	PRESIDENT	2.00	Officer Director	$2,500	$0	$2,500
MARSHA EVANS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PHATE MABRY	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
JACK BAILEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARGE ALLISON	TREASURER	2.00	Officer Director	$0	$0	$0
JAMIE BARKLEY	MLS CHAIRMAN	2.00	Director	$0	$0	$0
HAROLD BRILEY II	ONE YEAR DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA LYNN	ONE YEAR DIRECTOR	2.00	Director	$0	$0	$0
NEWTON WHITE	ONE YEAR DIRECTOR	2.00	Director	$0	$0	$0
JESSICA BLODGETT	TWO YEAR DIRECTOR	2.00	Director	$0	$0	$0
FELICIA CARUSO	TWO YEAR DIRECTOR	2.00	Director	$0	$0	$0
ALISA ROGERS	NAR DIRECTOR	2.00	Director	$0	$0	$0
DENISE HUTCHINSON	TWO YEAR DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SKARE	TWO YEAR DIRECTOR	2.00	Director	$0	$0	$0
MARY SMITH	TWO YEAR DIRECTOR	2.00	Director	$0	$0	$0
MARK DOUGHERTY	CEO END 3/6/2023	40.00	Officer	$38,062	$5,295	$43,357
SHERRY DOHMEN	ASST. ASSN EXECUTIVE END 4/4/2023	40.00	Officer	$21,405	$821	$22,226
LEAH SELIG	CEO START 3/6/2023	40.00	Officer	$154,703	$895	$155,598

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	$2,890,574	$2,896,870	$3,976,069	$-6,296
2022	$2,775,209	$2,755,787	$4,507,182	$19,422
2021	$2,794,762	$2,472,053	$4,457,024	$322,709
2020	$2,489,568	$2,193,291	$4,070,932	$296,277
2019	$2,349,291	$2,172,122	$3,780,960	$177,169
2018	$2,249,259	$2,059,182	$3,569,596	$190,077

DAYTONA BEACH AREA ASSOCIATION OF REALTORS INC