SOUTHEAST ALABAMA ASSOCIATION OF R… - 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

1981

Legal Domicile

Principal Officer

MARGARET MARTIN

Phone

3347939696

Tax Period

2024-01-01 to 2024-12-31

SOUTHEAST ALABAMA ASSOCIATION OF REALTORS INC, founded in 1981, is a small nonprofit that reported $516K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $150K, a strong 29% operating margin.

Mission

TO PROVIDE ASSISTANCE AND PROMOTE THE REAL ESTATE BUSINESS IN THE LOCAL AREA BASED ON STANDARDS ESTABLISHED BY THE NATIONAL AND ALABAMA ASSOCIATION OF REALTORS.

Program Service Accomplishments

Program 1

OBJECTIVE IS CONSISTENT WITH GUIDELINES, POLICIES AND GOALS OF THE NATIONAL ASSOCIATION OF REALTORS.

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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 $471,768

Program Service Revenue $29,612

Investment Income $15,050

Other Revenue $0

TOTAL REVENUE $516,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $366,611

TOTAL EXPENSES $366,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,430	$462,168	+0.1%
Expenses	$366,611	$369,893	0.0%
Net Income	$149,819	$92,275	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNIE WELLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MOLLY GOMILLION	SEC/TREAS	1.00	Officer Director	$0	$0	$0
ABBY ROGERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT HEWES	PRES ELECT	1.00	Officer Director	$0	$0	$0
RONNIE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
TIM ADKINS	DIRECTOR	1.00	Director	$0	$0	$0
ANNA CORBIN	DIRECTOR	1.00	Director	$0	$0	$0
DONNIE GILLILAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE PEACOCK	DIRECTOR	1.00	Director	$0	$0	$0
THERON FONDREN	DIRECTOR	1.00	Director	$0	$0	$0
FORREST REGISTER	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	$516,430	$366,611	$873,557	$149,819
2023	$462,168	$369,893	$723,738	$92,275
2022	$430,188	$369,720	$647,811	$60,468
2021	$157,737	$70,621	$587,039	$87,116
2020	$135,688	$74,235	$486,096	$61,453
2018	$137,072	$100,579	$355,931	$36,493

SOUTHEAST ALABAMA ASSOCIATION OF REALTORS INC