LAKE MARTIN AREA ASSOCIATION OF REALTORS INC

EIN: 631007808

ALEXANDER CITY, AL

Total Revenue
$167,262
Total Expenses
$121,037
Total Assets
$786,500
Net Assets
$735,503
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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
1990
Principal Officer
HALEY MCKELVEY
Phone
2562347522
Tax Period
2023-01-01 to 2023-12-31

LAKE MARTIN AREA ASSOCIATION OF REALTORS INC, founded in 1990, is a small nonprofit that reported $167K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $46K, a strong 28% operating margin.

Mission

TO PROMOTE THE PROFESSION OF REALTORS

Program Service Accomplishments

Program 1

UNITE THOSE IN THE REAL ESTATE PROFESSION, PROMOTE ETHICS, AND FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $118,950
Investment Income $35,404
Other Revenue $12,908
TOTAL REVENUE $167,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $121,037
TOTAL EXPENSES $121,037

Year-over-Year Comparison

2023 2022 Change
Revenue $167,262 $195,688 -0.1%
Expenses $121,037 $142,915 -0.2%
Net Income $46,225 $52,773 -0.1%
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
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HALEY MCKELVEY PRESIDENT N/A
Officer Director
$0 $0 $0
DREW WILDER PRESIDENT-EL N/A
Officer Director
$0 $0 $0
JOHN FRANKLIN TREASURER N/A
Officer Director
$0 $0 $0
NANCY PEMBERTON SECRETARY N/A
Officer Director
$0 $0 $0
SAMANTHA SPURLIN PAST PRESIDE N/A
Officer Director
$0 $0 $0
SCOTT BLAKE DIRECTOR N/A
Director
$0 $0 $0
SHERRY WILLIS DIRECTOR N/A
Director
$0 $0 $0
JESSICA LOCKE DIRECTOR N/A
Director
$0 $0 $0
JIMMY BAKER DIRECTOR N/A
Director
$0 $0 $0
ANGELA VAN HOUTEN DIRECTOR N/A
Director
$0 $0 $0
ALLISON BAZZELL DIRECTOR N/A
Director
$0 $0 $0
WEIL THOMBERG DIRECTOR N/A
Director
$0 $0 $0
LEE MCWATERS DIRECTOR N/A
Director
$0 $0 $0
RHONDA JAYE DIRECTOR N/A
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 $167,262 $121,037 $786,500 $46,225
2022 $195,688 $142,915 $720,688 $52,773
2021 $259,795 $153,938 $802,812 $105,857
2020 $207,165 $122,074 $651,597 $85,091
2019 $212,802 $139,084 $574,253 $73,718
2018 $177,273 $109,652 $506,179 $67,621
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