LEXINGTON-BLUEGRASS ASSOCIATION OF REALTORS INC DBA BLUEGRASS REALTORS

EIN: 610464019 Community Improvement

LEXINGTON, KY

Total Revenue
$346,282
Total Expenses
$406,223
Total Assets
$10,255,193
Net Assets
$5,953,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
KY
Principal Officer
RICHARD GIBBENS
Phone
8592763503
Tax Period
2024-11-15 to 2024-12-31

LEXINGTON-BLUEGRASS ASSOCIATION OF REALTORS INC DBA BLUEGRASS REALTORS, founded in 1957, is a small nonprofit in the Community Improvement sector that reported $346K in total revenue in fiscal year 2024. Expenses of $406K exceeded revenue, resulting in a 17% operating deficit.

Mission

BLUEGRASS REALTORS PROVIDES A SERVICE TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTEREST, TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED, TO PROMOTE AND MAINTAIN THE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORS, TO FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP, TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THIS COMMUNITY WITH THE KENTUCKY ASSOCIATION OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS, THEREBY FURTHERING THEIR OWN OBJECTIVES THROUGHOUT THE STATE AND NATION, AND OBTAINING THE BENEFITS AND PRIVILEGES OF MEMBERSHIP THEREIN, TO DESIGNATE, FOR THE BENEFIT OF THE PUBLIC, INDIVIDUALS AUTHORIZED TO USE THE TERMS REALTOR AND REALTORS AS

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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 (2024)

Revenue Breakdown

Contributions & Grants $310,536
Program Service Revenue $13,926
Investment Income $0
Other Revenue $21,820
TOTAL REVENUE $346,282

Expense Breakdown

Grants Paid $0
Salaries & Benefits $225,973
Fundraising Expenses $0
Other Expenses $180,250
TOTAL EXPENSES $406,223

Year-over-Year Comparison

2024 2023 Change
Revenue $346,282 N/A N/A
Expenses $406,223 N/A N/A
Net Income $-59,941 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
N/A
Employees
18
Volunteers
N/A

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
4
$4,500
Total Directors
18
$4,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY NEWSOME PRESIDENT 2.00
Officer Director
$1,500 $0 $1,500
TODD HYATT PRESIDENT ELECT 2.00
Officer Director
$2,000 $0 $2,000
PAULA ELDER TREASURER 2.00
Officer Director
$500 $0 $500
TOM THOMAS TREASURER 2.00
Officer Director
$500 $0 $500
RONY JO BALLOU DIRECTOR 1.00
Director
$0 $0 $0
DANIEL CARMACK DIRECTOR 1.00
Director
$0 $0 $0
GARY DENTON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA DUDEK DIRECTOR 1.00
Director
$0 $0 $0
PAULA ELDER DIRECTOR 1.00
Director
$0 $0 $0
JEFF GREEN DIRECTOR 1.00
Director
$0 $0 $0
JOHN GROFT DIRECTOR 1.00
Director
$0 $0 $0
MIKE INMAN DIRECTOR 1.00
Director
$0 $0 $0
RUBY MASON DIRECTOR 1.00
Director
$0 $0 $0
TREY MCCALLIE DIRECTOR 1.00
Director
$0 $0 $0
KELLY NISBET DIRECTOR 1.00
Director
$0 $0 $0
HANNAH PORTER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN VERHOVEN DIRECTOR 1.00
Director
$0 $0 $0
NELSON WEAVER DIRECTOR 1.00
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 $346,282 $406,223 $10,255,193 $-59,941
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