GALVESTON ASSOCIATION OF REALTORS … - 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

1925

Legal Domicile

Principal Officer

ROBERT ZAHN

Phone

4097407444

Tax Period

2020-01-01 to 2020-12-31

GALVESTON ASSOCIATION OF REALTORS INC, founded in 1925, is a small nonprofit that reported $202K in total revenue in fiscal year 2020. Expenses of $191K left a modest 6% surplus.

Mission

MAINTAIN A BOARD OF TRADE AMONG REAL ESTATE AGENTS AND BROKERS.

Program Service Accomplishments

Program 1

Expenses: $149,551

FACILITATE MEMBERS' SUCCESS, PROFESSIONALISM AND COOPERATION THROUGH STRATEGIC INITIATIVES TO FOCUS TIME AND RESOURCES ON IMPROVING MEMBER SERVICES AND THE FUNCTION OF THE BOARD BY OFFERING MORE...

FACILITATE MEMBERS' SUCCESS, PROFESSIONALISM AND COOPERATION THROUGH STRATEGIC INITIATIVES TO FOCUS TIME AND RESOURCES ON IMPROVING MEMBER SERVICES AND THE FUNCTION OF THE BOARD BY OFFERING MORE TECHNICAL ASSISTANCE AND INVESTING MORE IN EDUCATION. WE CONDUCT AN ONLINE SURVEY TO POLL MEMBERS ON PROBLEMS THEY EXPERIENCE IN ORDER TO IDENTIFY WHAT NEW OR IMPROVED SERVICES ARE NEEDED.

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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 (2020)

Revenue Breakdown

Contributions & Grants $171,623

Program Service Revenue $2,790

Investment Income $19,000

Other Revenue $8,959

TOTAL REVENUE $202,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,084

Fundraising Expenses $0

Program Expenses $149,551

Other Expenses $109,549

TOTAL EXPENSES $190,633

Year-over-Year Comparison

	2020	2019	Change
Revenue	$202,372	$205,590	0.0%
Expenses	$190,633	$197,795	0.0%
Net Income	$11,739	$7,795	+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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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
LESLEY SOMMER	EXECUTIVE OFFICER	40.00		$51,750	$0	$51,750
TANYA JONES	Past President	1.00	Director	$0	$0	$0
ROBERT ZAHN	President	1.00	Officer Director	$0	$0	$0
MARY ELLEN SMITH	President-Elect	1.00	Director	$0	$0	$0
EDIE HARRINGTON	Secretary	1.00	Officer Director	$0	$0	$0
PATTI ZAJACK	MLS Chair	1.00	Officer Director	$0	$0	$0
ROGER STURGELL	Treasurer	1.00	Officer Director	$0	$0	$0
LYNN WINGET	Director	1.00	Director	$0	$0	$0
ALISON CHRISTENSEN	Director	1.00	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
2020	$202,372	$190,633	$427,092	$11,739
2019	$205,590	$197,795	$438,841	$7,795
2018	$169,836	$202,274	$400,089	$-32,438

GALVESTON ASSOCIATION OF REALTORS INC