VENICE AREA BOARD OF REALTORS INC

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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

1981

Legal Domicile

Phone

9414840614

Tax Period

2024-01-01 to 2024-12-31

VENICE AREA BOARD OF REALTORS INC, founded in 1981, is a small nonprofit that reported $929K in total revenue in fiscal year 2024. Expenses of $840K left a modest 10% surplus.

Mission

THE MISSION OF THE VENICE AREA BOARD OF REALTORS, INC. IS TO SERVE ITS MEMBERS IN IDENTIFYING NEEDS;DEVELOPING, PROMOTING AND PROVIDING PROGRAMS AND SERVICES TO ENHANCE THE MEMBERS' FREEDOM AND ABILITY TO CONDUCT THEIR INDIVIDUAL BUSINESSES SUCCESSFULLY, WITH INTEGRITY AND COMPETENCY, AND THROUGH COLLECTIVE ACTION; AND TOPROMOTE THE EXTENSION AND PRESERVATION OF THE RIGHTS TO OWN, TRANSFER AND USE REAL PROPERTY. SOME SPECIFIC OBJECTIVES INCLUDE: 1) TO PROVIDE MEMBERS WITH PROGRAMS AND SERVICES WHICH WILL HELP THEIR BUSINESSES PROSPER, 2) TO PROMOTE THE AFFORDABILITY AND AVAILABILITY OF HOUSING, 3) TO IMPROVE THE PUBLIC'S AWARENESS OF AND CONFIDENCE IN THE MEMBERS AND THE BENEFITS PROVIDED BY THEIR SERVICES, AND 4) TO EDUCATE MEMBERS REGARDING RISK MANAGEMENT AND LEGAL LIABILITIES.

Program Service Accomplishments

Program 1

TO ASSIST IN THE DEVELOPMENT OF THE MEMBERS AND THEIR BUSINESSES, THE VENICE AREABOARD OF REALTORS PROVIDES ACCESS TO VARIOUS TECHNOLOGICAL SERVICES FOR MEMBERS TO BE USED IN THE PROMOTION OF THEIR REAL ESTATE ACTIVITIES. OVER 700 MEMBERS HAVE SEARCH ACCESS OF OVER 80 FLORIDA ASSOCIATIONS THROUGH VABR. PROGRAMS ARE PROVIDED WHERE MEMBERS CAN LEARN FROM INDUSTRY EXPERTS THROUGH EDUCATION COURSES PERTAINING TO KEY REAL ESTATE AND BUSINESS TOPICS. MEMBERS FULFILL EDUCATIONAL REQUIREMENTS RELATED TO THEIR PROFESSION THROUGHOUT THE YEAR AND MANY ATTEND A 14 HOUR COURSE PROVIDED BY VABR TWICE DURING THE YEAR. NEW MEMBERS RECEIVE A MONTHLY NEW MEMBER ORIENTATION FROM VABR CERTIFIED INSTRUCTORS.

Program 2

VABR PROVIDES AN ELECTRONIC KEY SYSTEM WITH ACCESS AVAILABLE TO MEMBERS. THE SYSTEM PROVIDES SECURITY TO LISTED PROPERTY OWNERS AND THE MEMBERS EXPERIENCE CONVENIENT ACCESS TO PROPERTIES AND...

VABR PROVIDES AN ELECTRONIC KEY SYSTEM WITH ACCESS AVAILABLE TO MEMBERS. THE SYSTEM PROVIDES SECURITY TO LISTED PROPERTY OWNERS AND THE MEMBERS EXPERIENCE CONVENIENT ACCESS TO PROPERTIES AND EFFICIENT TRACKING AND REPORTING OF LISTED PROPERTY ACTIVITY.

Program 3

VABR PROVIDED FOR $25,500 IN SCHOLARSHIPS TO VENICE AREA COLLEGE BOUND STUDENTSDURING 2022. TO BE ELIGIBLE, STUDENTS MUST MAINTAIN A MINIMUM GRADE POINT AVERAGE,SUBMIT LETTERS OF REFERENCE, EXHIBIT LEADERSHIP QUALITIES, GOALS, AND COMMUNITYINVOLVEMENT. 16 STUDENTS RECEIVED SCHOLARSHIPS TOWARDS THEIR POST-SECONDARYEDUCATION IN THE AMOUNT OF $1,500 PER STUDENT.

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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 $0

Program Service Revenue $801,506

Investment Income $56,335

Other Revenue $70,791

TOTAL REVENUE $928,632

Expense Breakdown

Grants Paid $41,822

Salaries & Benefits $378,966

Fundraising Expenses $0

Other Expenses $418,792

TOTAL EXPENSES $839,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$928,632	$909,764	+0.0%
Expenses	$839,580	$739,314	+0.1%
Net Income	$89,052	$170,450	-0.5%

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

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
LORE MILLER	President	2.00	Officer Director	$0	$0	$0
HELEN MOORE	Director	1.00	Director	$0	$0	$0
VAN PARKER	Treasurer	2.00	Officer Director	$0	$0	$0
MARK SORAVILLA	Vice President	2.00	Officer Director	$0	$0	$0
JIM MULVEY	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MARTHA PIKE	Director	1.00	Director	$0	$0	$0
ANDREW VOLD	PRES ELECT	1.00	Director	$0	$0	$0
PETER WEST	Director	1.00	Director	$0	$0	$0
PATRICK MATA	Director	1.00	Director	$0	$0	$0
LINDA BRADWAY	Director	1.00	Director	$0	$0	$0
MARLENE MERKLE	EXECUTIVE VP	40.00		$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	No data	No data	No data	No data
2024	$928,632	$839,580	$2,238,268	$89,052
2023	$909,764	$739,314	$2,168,936	$170,450
2022	$906,487	$675,963	$2,101,664	$230,524
2021	$789,858	$633,677	$1,893,720	$156,181
2020	$747,276	$614,817	$1,779,786	$132,459
2019	$704,078	$644,524	$1,640,158	$59,554
2018	$736,495	$631,000	$1,674,457	$105,495