TEXARKANA BOARD OF REALTORS 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

1981

Legal Domicile

Principal Officer

DENISE GOODWIN

Phone

8707746452

Tax Period

2023-01-01 to 2023-12-31

TEXARKANA BOARD OF REALTORS INC, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $383K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $102K, a strong 27% operating margin.

Mission

TO SERVE ITS MEMBERS BY PROVIDING AND PROMOTING PROGRAMS AND SERVICES TO ENHNACE ITS MEMBERS' FREEDOM AND ABILITY TO BETTER SERVE THE PUBLIC AND TO CONDUCT THEIR INDIVIDUAL BUSINESS SUCCESSFULLY, WITH INTEGRITY AND COMPENTNECY, AND THROUGH COLLECTIVE ACTIONS TO PROMOTE THE EXTENSION AND PRESERVATION OF THE RIGHT TO OWN, TRANSFER, AND USE REAL PROPERTY.

Program Service Accomplishments

Program 1

ENCOURAGE AND SUPPORT TEXARKANA, AR REALTORS AND THE SURROUNDING COMMUNITIES. APPROXIMATELY 300 REALTORS PARTICIPATE IN THE PROGRAM.

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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 $312,111

Program Service Revenue $50,462

Investment Income $8,602

Other Revenue $11,997

TOTAL REVENUE $383,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,013

Fundraising Expenses $0

Other Expenses $189,165

TOTAL EXPENSES $281,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$383,172	$431,751	-0.1%
Expenses	$281,178	$261,261	+0.1%
Net Income	$101,994	$170,490	-0.4%

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

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
DENISE GOODWIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMANDA ABLES	DIRECTOR	N/A	Director	$0	$0	$0
JARED HORTON	DIRECTOR	N/A	Officer Director	$0	$0	$0
KAREN HAMMONDS	SECRETARY/TR	N/A	Director	$0	$0	$0
MASON CLEM	DIRECTOR	N/A	Officer Director	$0	$0	$0
AMBER GIDEON STEWART	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER STEELE	MLS CHAIR	N/A	Director	$0	$0	$0
GLORIA HOGIE	DIRECTOR	N/A	Officer Director	$0	$0	$0
LAKEISHA WILLINGHAM	DIRECTOR	N/A	Director	$0	$0	$0
DORIS MORRIS	DIRECTOR	N/A	Director	$0	$0	$0
CRYSTAL MCDONALD	DIRECTOR	N/A	Officer Director	$0	$0	$0
CONNIE ELDRIDGE	DIRECTOR	N/A	Director	$0	$0	$0
KEN AUTREY	PARLAMENTARI	N/A	Officer Director	$0	$0	$0
DEANNA ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
ZACH RATELIFF	DIRECTOR	N/A	Officer 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	$383,172	$281,178	$847,020	$101,994
2022	$431,751	$261,261	$740,941	$170,490
2021	$278,448	$230,618	$564,531	$47,830
2020	$246,615	$187,450	$511,581	$59,165
2019	$236,477	$192,652	$461,178	$43,825
2018	$223,481	$185,325	$413,542	$38,156