NEW ORLEANS METROPOLITAN ASSOCIATION OF REALTORS INC

EIN: 720644151

METAIRIE, LA

Total Revenue
$2,375,089
Total Expenses
$1,776,940
Total Assets
$11,847,586
Net Assets
$10,061,013
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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
1972
Legal Domicile
LA
Principal Officer
ALICE CLARK
Phone
5048853200
Tax Period
2023-01-01 to 2023-12-31

NEW ORLEANS METROPOLITAN ASSOCIATION OF REALTORS INC, founded in 1972, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $598K, a strong 25% operating margin.

Mission

THE TRUSTED ADVOCATE AND RESOURCE FOR THE REAL ESTATE COMMUNITY

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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 $1,610,819
Program Service Revenue $209,369
Investment Income $150,024
Other Revenue $404,877
TOTAL REVENUE $2,375,089

Expense Breakdown

Grants Paid $1,488
Salaries & Benefits $989,468
Fundraising Expenses $0
Other Expenses $785,984
TOTAL EXPENSES $1,776,940

Year-over-Year Comparison

2023 2022 Change
Revenue $2,375,089 $1,095,958 +1.2%
Expenses $1,776,940 $1,242,574 +0.4%
Net Income $598,149 $-146,616 -5.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
25
Volunteers
175

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
7
$119,379
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID FAVRET EX-OFFICIO 1.00
Officer Director
$0 $0 $0
LIZ TARDO PRESIDENT 6.00
Officer Director
$0 $0 $0
STAN ADAMCEWICZ DIRECTOR 1.00
Director
$0 $0 $0
GINGER WIGGINS SECRETARY-TREASURER 2.00
Officer Director
$0 $0 $0
NICK GALIANO DIRECTOR 1.00
Director
$0 $0 $0
CRAIG MIRAMBELL PRESIDENT-ELECT 2.00
Officer Director
$0 $0 $0
JODI ARCHER DIRECTOR 1.00
Director
$0 $0 $0
DONNA CHANDLER DIRECTOR 1.00
Director
$0 $0 $0
SABRINA PIERRE DIRECTOR 1.00
Director
$0 $0 $0
GIZELDA TOOMER DIRECTOR 1.00
Director
$0 $0 $0
ANDREA TYLER DIRECTOR 1.00
Director
$0 $0 $0
PHEOBE WHEALDON DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE LABANCA DIRECTOR 1.00
Director
$0 $0 $0
AMANDA HANEMANN LR RVP 1.00
Director
$0 $0 $0
MIKE MITO CID PRESIDENT 1.00
Director
$0 $0 $0
JUHMAD HOLLIS GSREIN EX OFFICIO 1.00
Director
$0 $0 $0
KELLI WALKER STARRETT INTERIM CHIEF EXECUTIVE OF 45.00
Officer
$61,731 $4,394 $66,125
ALICE CLARK CHIEF EXECUTIVE OFFICER 60.00
Officer
$20,550 $0 $20,550
BAILEY MORSE CHIEF OPERATING OFFICER 45.00
Officer
$29,827 $2,877 $32,704
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 $2,375,089 $1,776,940 $11,847,586 $598,149
2022 $1,095,958 $1,242,574 $10,924,036 $-146,616
2021 $1,496,891 $1,194,855 $11,020,854 $302,036
2020 $1,495,891 $1,094,188 $10,655,858 $401,703
2019 $1,789,766 $1,094,869 $10,172,036 $694,897
2018 $1,518,425 $1,035,439 $9,527,834 $482,986
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