GREATER OWENSBORO REALTOR ASSOC 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

1978

Legal Domicile

Principal Officer

MATTHEW SCHELL

Phone

2706854977

Tax Period

2023-01-01 to 2023-12-31

GREATER OWENSBORO REALTOR ASSOC INC, founded in 1978, is a small nonprofit that reported $473K in total revenue in fiscal year 2023. Expenses of $449K left a modest 5% surplus.

Mission

TO RAISE AND ENHANCE PROFESSIONAL COMPETENCE OF MEMBERSHIP, IMPROVE BUSINESS CONDITIONS IN THE REAL ESTATE INDUSTRY, AND PRESERVE RIGHTS OF PROPERTY OWNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $381,744 Revenue: $452,161

PROVIDE ACCESS TO EDUCATIONAL OFFERINGS, NETWORKING OPPORTUNITIES, AND RISK MANAGEMENT TOOLS TO ENHANCE THE SUCCESS OF PROFESSIONALS IN THE REAL ESTATE INDUSTRY, AS WELL AS ENHANCE PROFESSIONAL...

PROVIDE ACCESS TO EDUCATIONAL OFFERINGS, NETWORKING OPPORTUNITIES, AND RISK MANAGEMENT TOOLS TO ENHANCE THE SUCCESS OF PROFESSIONALS IN THE REAL ESTATE INDUSTRY, AS WELL AS ENHANCE PROFESSIONAL COMPETENCE THROUGH MONTHLY MEETINGS AND TRAINING PROGRAMS.

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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 $222,048

Program Service Revenue $222,240

Investment Income $4,667

Other Revenue $24,267

TOTAL REVENUE $473,222

Expense Breakdown

Grants Paid $21,750

Salaries & Benefits $121,140

Fundraising Expenses $2,255

Program Expenses $381,744

Other Expenses $305,821

TOTAL EXPENSES $448,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,222	$452,765	+0.0%
Expenses	$448,711	$416,537	+0.1%
Net Income	$24,511	$36,228	-0.3%

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
BRENDA LOYAL	KYR DIRECTOR	5.00	Director	$0	$0	$0
RACHELLE JOHNSON	1 YEAR DIRECTOR	3.00	Director	$0	$0	$0
VICKIE BALLARD	PRINCIPAL DIRECTOR	3.00	Director	$0	$0	$0
KAREN GROSS	KYR DIRECTOR	5.00	Director	$0	$0	$0
MATT SCHELL	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
JOHNNA THARPE	3 YEAR DIRECTOR	3.00	Director	$0	$0	$0
TONY CLARK	KYR DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE WIESMAN	PAST PRESIDENT	5.00	Director	$0	$0	$0
LORI KIMBLE	2 YEAR DIRECTOR	3.00	Director	$0	$0	$0
MISSIE HAYDEN	ANNUAL DIRECTOR	3.00	Director	$0	$0	$0
DEVIN TAYLOR	PRESIDENT	5.00	Officer	$0	$0	$0
JOHN REYNOLDS	SECRETARY	3.00	Officer	$0	$0	$0
ANNDREA MAHONEY	TREASURER ELECT	3.00	Officer	$0	$0	$0
ALEX BLYTHE	TREASURER	5.00	Officer	$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	$473,222	$448,711	$586,314	$24,511
2022	$452,765	$416,537	$596,007	$36,228
2021	$364,766	$381,035	$663,901	$-16,269
2020	$325,933	$280,336	$649,630	$45,597
2019	$355,391	$324,952	$562,508	$30,439
2018	$348,340	$307,517	$533,249	$40,823