NORTHWEST MISSISSIPPI ASSOCIATION … - 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

1962

Legal Domicile

Principal Officer

ALLISON SPENCER

Phone

6624493553

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST MISSISSIPPI ASSOCIATION OF REA, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $273K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $309K exceeded revenue, resulting in a 13% operating deficit.

Mission

RECEIVE AND PROPERLY DISTRIBUTE LOCAL, STATE AND NATIONAL MEMBERSHIP DUES FROM LOCAL REALTORS AND TO PROMOTE CONTINUING EDUCATION FOR REALTORS.

Program Service Accomplishments

Program 1

PROFESSIONAL ORGANIZATION MEMBERSHIP DUES

Program 2

PROVIDE STATE REQUIRED CONTINUING EDUCATION

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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 $0

Program Service Revenue $246,639

Investment Income $20,407

Other Revenue $6,050

TOTAL REVENUE $273,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $308,861

TOTAL EXPENSES $308,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,096	$246,943	+0.1%
Expenses	$308,861	$249,904	+0.2%
Net Income	$-35,765	$-2,961	+11.1%

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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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
KRISTA GOLIGHTLY	DIRECTOR	1.00	Director	$0	$0	$0
SHAWANA GROSS-CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JONES	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY SCOTT-CHAMBERS	DIRECTOR	1.00	Director	$0	$0	$0
MCKEEVER HEUN	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA GAILES	DIRECTOR	1.00	Director	$0	$0	$0
BILL ANTON	PAST PRESIDENT	1.00	Director	$0	$0	$0
ALLISON SPENCER	PRESIDENT	2.00	Officer	$0	$0	$0
SANDY LANE	PRESIDENT ELECT	2.00	Officer	$0	$0	$0
KIM HUGHES	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TRACY KIRKLEY	TREASURER	2.00	Officer	$0	$0	$0
JAMIE ROSS	SECRETARY	2.00	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
2025	No data	No data	No data	No data
2024	$273,096	$308,861	$953,154	$-35,765
2023	$246,943	$249,904	$972,006	$-2,961
2022	$230,572	$199,206	$958,384	$31,366
2021	$207,750	$158,013	$914,278	$49,737
2020	$186,457	$154,560	$1,170,988	$31,897
2019	$153,670	$196,300	$1,105,136	$-42,630
2018	$135,353	$167,633	$1,095,877	$-32,280

NORTHWEST MISSISSIPPI ASSOCIATION OF REA