TEXAS ASSOCIATION OF REALTORS

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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

1969

Legal Domicile

Principal Officer

MIKE BARNETT

Phone

5124808200

Tax Period

2024-01-01 to 2024-12-31

TEXAS ASSOCIATION OF REALTORS, founded in 1969, is a mid-sized nonprofit that reported $36.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.5M, a strong 28% operating margin.

Mission

THE MISSIONS OF TEXAS REALTORS ARE TO EMPOWER ITS MEMBERS TO INFLUENCE GOVERNMENT, PROMOTE PRIVATE-PROPERTY OWNERSHIP, OBTAIN AND EXCHANGE IDEAS, AND CONVERT INFORMATION INTO KNOWLEDGE FOR THE BETTERMENT OF OUR MEMBERS, CONSUMERS, AND THE REAL ESTATE INDUSTRY.

Program Service Accomplishments

Program 1

PUBLICATIONS AND MARKETING - MONTHLY PROFESSIONAL PUBLICATION PROVIDED FOR MEMBERS.

Program 2

MEMBER INFORMATION - PROVIDES SUPPORT FOR THOSE IN THE REAL ESTATE PROFESSION IN THE STATE OF TEXAS.

Program 3

PROFESSIONAL DEVELOPMENT - PROVIDES EDUCATIONAL INFORMATION AND CONDUCTS EDUCATIONAL SEMINARS FOR MEMBERS.

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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 $4,600

Program Service Revenue $27,819,404

Investment Income $8,979,311

Other Revenue $110,137

TOTAL REVENUE $36,913,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,492,285

Fundraising Expenses $0

Other Expenses $14,908,560

TOTAL EXPENSES $26,400,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,913,452	$30,299,869	+0.2%
Expenses	$26,400,845	$22,333,695	+0.2%
Net Income	$10,512,607	$7,966,174	+0.3%

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

750

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

$3,045,802

Total Directors

$17,552

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN ARRIAGA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ALBERTO VAZQUEZ	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
AMANDA PHILLIPS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ANGELA WILLIAMS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ASHLEY GENTRY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
BILL COX	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
BOB BAKER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
BRENDA TAYLOR	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
CATHY TREVINO	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
CHAILLE SHORT	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
CHRISTINE MOLIS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
CHRISTY GESSLER	EXECUTIVE BOARD	2.00	Director	$5,007	$0	$5,007
CINDY HAMANN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
CORTNEY GILL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DAPHNE ZOLLINGER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DAVID LONG	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DAVID PRUITT	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DEBORAH SPANGLER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
DJ MORA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ED EAKIN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
FRANCEANNA CAMPAGNA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
GINGER GILL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
HANNE SAGALOWSKY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
INDRA MOUTON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JAMIE DALZELL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JANNA BURTON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JASON AULT	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JEF CONN	EXECUTIVE BOARD	2.00	Director	$2,183	$0	$2,183
JEMILA WINSEY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JENNIFER WAUHOB	EXECUTIVE BOARD	2.00	Director	$2,395	$0	$2,395
JO ANN STEVENS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JOB HAMMOND	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JOHNNY MOWAD	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JOSEPH MARTINEZ	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KANDI LUENSMANN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KARISHMA ASRANI	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KATHRYN ROBINSON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KELLY RAULSTON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KENDRA NORWOOD	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KEVIN CASKEY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
KRISTON WOOD	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
LEAH COX	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
LEONARD GUERRERO	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
LORENA PENA HENDERSON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MARIO ARRIAGA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MARQUIS WILLIAMS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MICHAEL WONG	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MICHICA GUILLORY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
NANCY GARCIA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
RICHARD GREGORY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SARA GERRISH	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SARAH NORMAN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SHADRICK BOGANY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SHAE COTTAR	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SHANA ACQUISTO	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
STEPHANIE RYAN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SUSAN ANNOURA	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
SUSIE KANG	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
TERESA SCOTT-TIBBS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
THERESA HILL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
THOMAS LEATHERMAN	EXECUTIVE BOARD	2.00	Director	$6,500	$0	$6,500
THOMAS MOUTON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
TIM SCHOENDORF	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
TINA WILCHER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
TONY LLOYD	EXECUTIVE BOARD	2.00	Director	$1,467	$0	$1,467
TRACIE HASSLOCHER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
WAYNE DUNSON	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
WILLIAM CURTIS	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
MIKE BARNETT	EXEC. VP/PRES/CEO (AS OF 04/24)	40.00	Officer	$290,685	$37,400	$328,085
TRAY BATES	VP OF GOVERNMENTAL AFFAIRS	40.00	Officer	$311,749	$42,751	$354,500
ANGELA BRUTSCHE	VP COMMUNICATIONS & MARKET	40.00	Officer	$248,723	$34,592	$283,315
TRAVIS KESSLER	PRESIDENT/CEO (UNTIL 03/24)	40.00	Officer	$1,654,981	$51,063	$1,706,044
LORI LEVY	VP LEGAL AFFAIRS	40.00	Officer	$332,780	$41,078	$373,858
LESLIE CANTU	DIRECTOR TREPAC	40.00	Highest	$201,123	$29,076	$230,199
SUSAN CHICHESTER	CONTROLLER	40.00	Highest	$201,320	$24,794	$226,114
MARTIN KRAMER	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$169,229	$25,397	$194,626
JULIA PARENTEAU	DIRECTOR OF PUBLIC POLICY	40.00	Highest	$161,339	$25,726	$187,065
PAT WIMBERLY	TECHNOLOGY DIRECTOR	40.00	Highest	$209,178	$29,335	$238,513

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	$36,913,452	$26,400,845	$118,427,697	$10,512,607
2023	$30,299,869	$22,333,695	$104,880,118	$7,966,174
2022	$31,800,160	$21,939,337	$90,842,395	$9,860,823
2021	$29,443,210	$17,802,064	$94,503,864	$11,641,146
2020	$25,287,420	$17,698,299	$76,738,304	$7,589,121
2019	$21,043,846	$19,102,081	$60,375,882	$1,941,765
2018	$24,742,674	$18,785,900	$50,913,722	$5,956,774