KENTUCKY ASSOCIATION OF REALTORS I… - 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

1967

Legal Domicile

Principal Officer

JOSH D SUMMERS

Phone

8592637377

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY ASSOCIATION OF REALTORS INC DBA KENTUCKY REALTORS, founded in 1967, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023.

Mission

TO PROMOTE UNITY AMONG REALTORS AND TO SUPPORT AND ENHANCE THE ABILITY OF LOCAL BOARD MEMBERS TO SUCCEED IN THEIR BUSINESS IN AN ETHICAL AND COMPETENT MANNER AND, THROUGH A UNITED VOICE, PRESERVE AND ENHANCE THE RIGHTS AND PRIVILEGES OF THE OWNERS OF PRIVATE PROPERTY.KENTUCKY REALTORS HELPS PROTECT A MARKETPLACE FOR CONSUMERS TO BUY, OWN AND TRANSFER REAL ESTATE - A SYSTEM THAT IS EMULATED GLOBALLY AND ONE THAT REALTORS DEDICATE THEMSELVES TO PROTECT.

Program Service Accomplishments

Program 1

ANNUAL CONVENTION - THE ASSOCIATION IS THE STATEWIDE ORGANIZATION FOR REALTORS AND HAS ABOUT 13,350 MEMBERS. OFFICERS AND DIRECTORS ARE SELECTED BY MEMBERS AT THE ANNUAL CONVENTION.

Program 2

DIRECTORS AND COMMITTEE MEETINGS - DIRECTORS ESTABLISH ASSOCIATION POLICIES AND REVIEW FINANCIAL REPORTS AT QUARTERLY MEETINGS. THE ASSOCIATION IS ALSO REPRESENTED ON THE NATIONAL LEVEL AT THE...

DIRECTORS AND COMMITTEE MEETINGS - DIRECTORS ESTABLISH ASSOCIATION POLICIES AND REVIEW FINANCIAL REPORTS AT QUARTERLY MEETINGS. THE ASSOCIATION IS ALSO REPRESENTED ON THE NATIONAL LEVEL AT THE NATIONAL CONVENTION.

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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 $15,490

Program Service Revenue $2,022,975

Investment Income $124,542

Other Revenue $81,399

TOTAL REVENUE $2,244,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,103,933

Fundraising Expenses $0

Other Expenses $1,236,183

TOTAL EXPENSES $2,340,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,244,406	$2,313,290	0.0%
Expenses	$2,340,116	$2,541,034	-0.1%
Net Income	$-95,710	$-227,744	-0.6%

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

$239,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA SUMMERS	CHIEF EXECUTIVE OFFICER	39.00	Officer	$223,661	$16,051	$239,712
CINDA HATFIELD	CHIEF ADMINISTRATIVE OFFICER	40.00	Highest	$110,854	$0	$110,854
PAMELA FEATHERSTONE	PRESIDENT	1.00	Director	$0	$0	$0
ELIZABETH MONARCH	PAST PRESIDENT	1.00	Director	$0	$0	$0
BARBARA CURTIS	PRESIDENT - ELECT	1.00	Director	$0	$0	$0
ANNELIZABETH DELAHANTY	TREASURER	1.00	Director	$0	$0	$0
AL BLEVINS	TREASURER - ELECT	1.00	Director	$0	$0	$0
LESTER SANDERS	CHAIR OF PAST PRESIDENTS	1.00	Director	$0	$0	$0
MIKE SPICER	SENIOR DIRECTOR	1.00	Director	$0	$0	$0
EARLENE W WOODS	SENIOR DIRECTOR	1.00	Director	$0	$0	$0
DONNA GORDON WILLOUGHBY	SENIOR DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE MOORE	REGION 1 DIRECTOR	1.00	Director	$0	$0	$0
DAVID EARLS	REGION 2 DIRECTOR	1.00	Director	$0	$0	$0
DAVE L PARKS JR	REGION 3 DIRECTOR	1.00	Director	$0	$0	$0
KELLEY NISBET	REGION 4 DIRECTOR	1.00	Director	$0	$0	$0
JEN SWENDIMAN	REGION 5 DIRECTOR	1.00	Director	$0	$0	$0
HANNAH PORTER	REGION 6 DIRECTOR	1.00	Director	$0	$0	$0
JANETTE DEWITT	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
PAULA ELDER	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
KIMBERLY SICKLES	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
KAREN GROSS	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
LINDA GIBSON CECIL	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
RON BROSSART	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
BRENDA GOOSLIN	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
DONNA GREGORICH	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
BARBARA FLANNERY	DIRECTOR AT LARGE	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	No data	No data	No data	No data
2023	$2,244,406	$2,340,116	$5,644,196	$-95,710
2022	$2,313,290	$2,541,034	$5,423,539	$-227,744
2021	$2,297,332	$2,033,593	$5,963,113	$263,739
2020	$1,942,303	$1,532,328	$5,697,260	$409,975
2019	$1,993,122	$1,648,311	$4,793,364	$344,811
2018	$1,766,528	$1,531,120	$4,115,177	$235,408

KENTUCKY ASSOCIATION OF REALTORS INC DBA KENTUCKY REALTORS