NORTHEAST ARKANSAS BOARD OF REALTORS INC

EIN: 710779871 Community Improvement

JONESBORO, AR

Total Revenue
$645,610
Total Expenses
$536,597
Total Assets
$1,244,914
Net Assets
$991,505
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
AR
Principal Officer
RICK HARTNESS
Phone
8709728425
Tax Period
2023-01-01 to 2023-12-31

NORTHEAST ARKANSAS BOARD OF REALTORS INC, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $646K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $109K, a strong 17% operating margin.

Mission

THE OBJECTIVES OF THE JONESBORO BOARD OF REALTORS ARE TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS.

Program Service Accomplishments

Program 1
Expenses: $536,597 Revenue: $636,381

PROMOTED THE INTERESTS OF AND THE ETHICS, EDUCATION, AND DISSEMINATION OF INFORMATION AMONG LICENSED REAL ESTATE BROKERS AND AGENTS IN JONESBORO, ARKANSAS.

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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 $636,381
Investment Income $9,229
Other Revenue $0
TOTAL REVENUE $645,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,931
Fundraising Expenses $0
Program Expenses $536,597
Other Expenses $422,666
TOTAL EXPENSES $536,597

Year-over-Year Comparison

2023 2022 Change
Revenue $645,610 $816,041 -0.2%
Expenses $536,597 $616,324 -0.1%
Net Income $109,013 $199,717 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANNAH BECKWITH SECRETARY N/A
Officer Director
$0 $0 $0
DENNIS BURKS DIRECTOR N/A
Director
$0 $0 $0
LYNN CHILDERS PRESIDENT N/A
Officer Director
$0 $0 $0
JILL CRAVENS DIRECTOR N/A
Director
$0 $0 $0
TARA GATEWOOD EX-OFFICIO N/A
Officer Director
$0 $0 $0
RICK HARTNESS TREASURER N/A
Officer Director
$0 $0 $0
JANIE HAY PRESIDENT-EL N/A
Officer Director
$0 $0 $0
KEVIN KERCHEVAL DIRECTOR N/A
Director
$0 $0 $0
SUE MACDONALD-TAYLOR DIRECTOR N/A
Director
$0 $0 $0
KIM SHELTON DIRECTOR N/A
Director
$0 $0 $0
SETH WESTON 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 $645,610 $536,597 $1,244,914 $109,013
2022 $816,041 $616,324 $1,165,911 $199,717
2021 $575,451 $558,940 $886,343 $16,511
2020 $456,865 $413,598 $676,482 $43,267
2019 $472,402 $409,146 $639,178 $63,256
2018 $432,412 $346,739 $567,142 $85,673
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