Laredo Association of Realtors

EIN: 741844621

Laredo, TX

Total Revenue
$707,362
Total Expenses
$600,870
Total Assets
$1,105,476
Net Assets
$1,089,823
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
TX
Principal Officer
Adriana Barrera
Phone
9567124400
Tax Period
2023-01-01 to 2023-12-31

Laredo Association of Realtors, founded in 1984, is a small nonprofit that reported $707K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $106K, a strong 15% operating margin.

Mission

To unite those engaged in the real estate profession in this community with the Texas Association of Realtors and the National Association of Realtors, therby futhering their own objectives throughout the state and nation, and obtaining the benefits and privilages of membership therin. To designate, for the benefit of the public, indivduals authorized to use the terms realtor and realtors as licensed, prescribed, and controlled by the National Association of Realtors.

Program Service Accomplishments

Program 1
Expenses: $354,195

The organziation assit with the Multiple Listing Serivce (MLS) for its members, provides continuing education functions, and promotes the well-being of the Realtor profession.

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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 $218,878
Program Service Revenue $488,225
Investment Income $259
Other Revenue $0
TOTAL REVENUE $707,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,047
Fundraising Expenses $38,209
Program Expenses $354,195
Other Expenses $432,823
TOTAL EXPENSES $600,870

Year-over-Year Comparison

2023 2022 Change
Revenue $707,362 $634,617 +0.1%
Expenses $600,870 $566,096 +0.1%
Net Income $106,492 $68,521 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
3
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
1
$26,308
Total Directors
16
$26,308
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gloria Salinas Association Executive 40.00
Officer Director
$26,308 $0 $26,308
Matthew Gibson President 2.00
Director
$0 $0 $0
Cindy Cantu Past President 2.00
Director
$0 $0 $0
Hector Alaniz President Elect 2.00
Director
$0 $0 $0
Areli Martinez Vice President 2.00
Director
$0 $0 $0
Liz Mendonza Secretary/Treasurer 2.00
Director
$0 $0 $0
Rosie Golarte Director 2.00
Director
$0 $0 $0
Jesse Gonzalez Director 2.00
Director
$0 $0 $0
Juan Gonzalez Director 2.00
Director
$0 $0 $0
Higinio Ibarra Director 2.00
Director
$0 $0 $0
Chantell Liles Director 2.00
Director
$0 $0 $0
Velma Luna Director 2.00
Director
$0 $0 $0
Cesar Martinez Director 2.00
Director
$0 $0 $0
Gina Mejia Director 2.00
Director
$0 $0 $0
Cristobal Rodriguez III Director 2.00
Director
$0 $0 $0
Joshua Soto Director 2.00
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
2024 No data No data No data No data
2023 $707,362 $600,870 $1,105,476 $106,492
2022 $634,617 $566,096 $1,002,497 $68,521
2021 $587,759 $473,896 $988,009 $113,863
2020 $439,015 $374,407 $841,174 $64,608
2019 $496,883 $429,510 $822,990 $67,373
2018 $381,913 $372,874 $730,559 $9,039
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