GREATER LOUISVILLE ASSOCIATION OF … - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

JAKEEVA LEE

Phone

5028555129

Tax Period

2024-01-01 to 2024-12-31

GREATER LOUISVILLE ASSOCIATION OF REALTORS INC, founded in 1966, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Net assets of $6.3M represent 41 months of operating reserves.

Mission

THE CORE PURPOSE OF THE GREATER LOUISVILLE ASSOCIATION OF REALTORS IS TO HELP ITS MEMBERS BE MORE PROFITABLE AND SUCCESSFUL.

Program Service Accomplishments

Program 1

TO EDUCATE AND IMPROVE THE PROFESSIONAL STANDARDS OF THE MEMBERS.

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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 $1,591,802

Investment Income $103,202

Other Revenue $127,025

TOTAL REVENUE $1,822,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $603,317

Fundraising Expenses $0

Other Expenses $1,267,530

TOTAL EXPENSES $1,870,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,822,029	$1,734,712	+0.1%
Expenses	$1,870,847	$1,615,738	+0.2%
Net Income	$-48,818	$118,974	-1.4%

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

$265,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNELIZABETH DELAHANTY	KYR TREASURER	1.00	Director	$0	$0	$0
ANNETTE COXON	DIRECTOR	1.00	Director	$0	$0	$0
RIP PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER IRISH	DIRECTOR	1.00	Director	$0	$0	$0
ELISSA WITHROW	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS OWENS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE PARKS	KYR REGION DIRECTOR	1.00	Director	$0	$0	$0
JOHN MAY	DIRECTOR	1.00	Director	$0	$0	$0
TAMIKA DEWALT	DIRECTOR	1.00	Director	$0	$0	$0
SHAMUS GREENE	DIRECTOR	1.00	Director	$0	$0	$0
REED WEINBERG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
WILL FISCHER	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
RYAN DAVIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
GREG TAYLOR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARTER MARTIN JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM SICKLES	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL JOHNSON	SECRETARY/TREASURER-ELECT	1.00	Director	$0	$0	$0
STACY DURBIN	MSI PRESIDENT	1.00	Director	$0	$0	$0
JAKEEVA LEE	CEO	40.00	Officer	$112,986	$6,824	$265,079
JERRY LEGRAND	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$58,646	$8,922	$142,971

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	$1,822,029	$1,870,847	$11,473,361	$-48,818
2023	$1,734,712	$1,615,738	$9,525,461	$118,974
2022	$1,361,558	$1,506,151	$9,529,127	$-144,593
2022	$391,516	$463,753	$9,107,371	$-72,237
2021	$2,915,843	$1,499,071	$10,731,032	$1,416,772
2020	$1,478,568	$1,145,277	$7,136,029	$333,291
2019	$1,587,225	$1,276,506	$6,345,148	$310,719
2018	$1,441,084	$1,319,293	$6,056,898	$121,791

GREATER LOUISVILLE ASSOCIATION OF REALTORS INC