REALTOR(R) ASSOCIATION OF SOUTHERN… - 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

1957

Legal Domicile

Principal Officer

KELLEY MCGOUGH

Phone

2707811623

Tax Period

2024-01-01 to 2024-12-31

REALTOR(R) ASSOCIATION OF SOUTHERN KENTUCKY INC, founded in 1957, is a small nonprofit that reported $564K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 36% operating margin.

Mission

TO DEVELOP, PROMOTE AND PROVIDE PROGRAMS AND SERVICES WHICH ENHANCE THE MEMBER REALTOR'S ABILITY TO SUCCEED.

Program Service Accomplishments

Program 1

PROVIDE EDUCATION COURSES TO ALL MEMBERS TO ENHANCE THEIR KNOWLEDGE OF CURRENT LAWS AND BUSINESS TRENDS.

Program 2

PROMOTE THE REALTOR(R) PROFESSION AND THE VALUE OF USING A REALTOR(R).

Program 3

MONITOR AND ENFORCE THE NATIONAL ASSOCIATION OF REALTORS CODE OF ETHICS.

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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 $421,548

Program Service Revenue $9,517

Investment Income $28,537

Other Revenue $104,821

TOTAL REVENUE $564,423

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $108,349

Fundraising Expenses $0

Other Expenses $240,386

TOTAL EXPENSES $358,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$564,423	$463,525	+0.2%
Expenses	$358,735	$378,509	-0.1%
Net Income	$205,688	$85,016	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY FERGERSON	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
KENNY CRAVENS	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
ANGI CLINE	IMM PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
GABBY SPRINGS	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLEY MCGOUGH	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
TONY VANCE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN HUGGINS	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
LLOYD FERGUSON	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
RON CUMMINGS	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
CINDY PAYNE	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
STEVE CLINE	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
RUTH ANN BOWEN	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MORGAN	SECOND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALICE WILLIAMS	PAST PRESIDENT DIRECTOR	2.00	Director	$0	$0	$0
MARK TYREE	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA OLIVER	DIRECTOR	2.00	Director	$0	$0	$0
AMY RUSH	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
JIM CUMMINGS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES COOK	PAST PRESIDENT	2.00	Director	$0	$0	$0
TIM BRIDGEMAN	LEGAL COUNSEL	2.00	Director	$0	$0	$0
LISA WHITNEY	BUILDERS REPRESENTATIVE	2.00	Director	$0	$0	$0
JEREMY DAWSON	DIRECTOR	2.00	Director	$0	$0	$0
STEVE DENNEY	PRESIDENT	2.00	Director	$0	$0	$0
SUSAN LEWIS	DIRECTOR	2.00	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	$564,423	$358,735	$2,388,109	$205,688
2023	$463,525	$378,509	$2,158,431	$85,016
2022	$435,026	$379,593	$2,043,389	$55,433
2021	$366,302	$241,006	$2,048,306	$125,296
2020	$295,672	$230,894	$1,873,082	$64,778
2019	$317,200	$217,768	$1,744,023	$99,432
2018	$268,776	$213,464	$1,607,845	$55,312

REALTOR(R) ASSOCIATION OF SOUTHERN KENTUCKY INC