SHOALS AREA ASSOCIATION OF REALTORS INC

EIN: 630777220

FLORENCE, AL

Total Revenue
$333,279
Total Expenses
$356,057
Total Assets
$1,077,759
Net Assets
$1,048,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
AL
Principal Officer
STEPHANIE FLANNAGAN
Phone
2567648002
Tax Period
2024-01-01 to 2024-12-31

SHOALS AREA ASSOCIATION OF REALTORS INC, founded in 1973, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Net assets of $1.0M represent 38 months of operating reserves.

Mission

TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THE SHOALS AREA WITH THE STATE AND NATIONAL ASSOCIATIONS OF REALTORS. PROMOTING AND MAINTAINING HIGH STANDARDS OF CONDUCT AND FURTHERING THE INTEREST OF HOME AND OTHER REAL ESTATE OWNERSHIP WHILE SAFEGUARDING THE INTEREST OF AND PROVIDING AN UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE PROFESSION.

Program Service Accomplishments

Program 1

MONIES AND EFFORTS OF THIS ORGANIZATION WERE EXPENDED TO IMPROVE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION TO PROMOTE HOME OWNERSHIP AND TO RAISE REALTY EDUCATION STANDARDS WITHIN THE...

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MONIES AND EFFORTS OF THIS ORGANIZATION WERE EXPENDED TO IMPROVE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION TO PROMOTE HOME OWNERSHIP AND TO RAISE REALTY EDUCATION STANDARDS WITHIN THE PROFESSION.

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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 $283,139
Program Service Revenue $36,613
Investment Income $0
Other Revenue $13,527
TOTAL REVENUE $333,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,016
Fundraising Expenses $0
Other Expenses $181,041
TOTAL EXPENSES $356,057

Year-over-Year Comparison

2024 2023 Change
Revenue $333,279 $248,777 +0.3%
Expenses $356,057 $238,821 +0.5%
Net Income $-22,778 $9,956 -3.3%
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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEVIN FORSYTHE AFFILIATE DI N/A
Director
$0 $0 $0
MIKE RANDALL MLS PRESIDEN N/A
Director
$0 $0 $0
MISTY WAIDE DIRECTOR N/A
Director
$0 $0 $0
PAMELA HOLT BUTLER DIRECTOR N/A
Director
$0 $0 $0
RENEE PARNELL DIRECTOR N/A
Director
$0 $0 $0
MATT GOLLEY DIRECTOR N/A
Director
$0 $0 $0
JUDY YOUNG DIRECTOR N/A
Director
$0 $0 $0
BRANDY GARGIS DIRECTOR N/A
Director
$0 $0 $0
MICHAEL ROBERTS PAST PRESIDE N/A
Director
$0 $0 $0
MARIE SKILLERN SECRETARY N/A
Officer Director
$0 $0 $0
GARY KELLEY TREASURER N/A
Officer Director
$0 $0 $0
SUE YOUNG PRESIDENT EL N/A
Officer Director
$0 $0 $0
COURTNEY EMBRY PRESIDENT N/A
Officer Director
$0 $0 $0
STEPHANIE FLANNAGAN CEO N/A
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 $333,279 $356,057 $1,077,759 $-22,778
2023 $248,777 $238,821 $1,263,465 $9,956
2022 $371,644 $303,175 $1,835,231 $68,469
2021 $268,173 $107,319 $1,949,490 $160,854
2020 $260,465 $98,378 $1,778,319 $162,087
2019 $281,260 $151,645 $1,616,790 $129,615
2018 $271,606 $133,355 $1,354,918 $138,251
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