AMARILLO ASSOCIATION OF REALTORS INC

EIN: 750876890

AMARILLO, TX

Total Revenue
$489,836
Total Expenses
$429,992
Total Assets
$1,835,848
Net Assets
$1,465,514
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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
1920
Legal Domicile
TX
Principal Officer
DENISE PRICE
Phone
8063587736
Tax Period
2024-01-01 to 2024-12-31

AMARILLO ASSOCIATION OF REALTORS INC, founded in 1920, is a small nonprofit that reported $490K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $430K left a modest 12% surplus.

Mission

TO ACQUIRE, PRESERVE AND PROVIDE VALUABLE BUSINESS INFORMATION REGARDING THE REAL ESTATE TRADE AND MARKET IN AMARILLO, TEXAS AND SURROUNDING AREAS

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,595
Program Service Revenue $379,772
Investment Income $41,775
Other Revenue $59,694
TOTAL REVENUE $489,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $561,057
Fundraising Expenses $0
Other Expenses $-131,065
TOTAL EXPENSES $429,992

Year-over-Year Comparison

2024 2023 Change
Revenue $489,836 $444,886 +0.1%
Expenses $429,992 $421,362 +0.0%
Net Income $59,844 $23,524 +1.5%
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

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Governance

Voting Members
22
Independent Members
22
Employees
6
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
$150,216
Total Directors
28
$150,216
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE PRICE EXECUTIVE DI 40.00
Officer Director
$150,216 $0 $150,216
MELISSA ATCHLEY CHAIRMAN-ELE 2.00
Officer Director
$0 $0 $0
JASON AULT DIRECTOR 1.00
Director
$0 $0 $0
HELEN BENTON CHAIRMAN 2.00
Officer Director
$0 $0 $0
TAYLOR BONIFIELD-FAUGHT DIRECTOR 1.00
Director
$0 $0 $0
CINDI D BULLA EX-OFFICIO 1.00
Director
$0 $0 $0
DOUGLAS A CAMPBELL SECRETARY/TR 2.00
Officer Director
$0 $0 $0
REID CHRISTNER DIRECTOR 1.00
Director
$0 $0 $0
WENDY COLLIER DIRECTOR 1.00
Director
$0 $0 $0
LESLIE CUNNINGHAM DIRECTOR 1.00
Director
$0 $0 $0
PAUL FRENCH EX-OFFICIO 1.00
Director
$0 $0 $0
FRANCES FROST DIRECTOR 1.00
Director
$0 $0 $0
DAVID GRIMES DIRECTOR 1.00
Director
$0 $0 $0
LEONA GRUBBS EX-OFFICIO 1.00
Director
$0 $0 $0
SHANE HANES DIRECTOR 1.00
Director
$0 $0 $0
ALBERT HARRIS DIRECTOR 1.00
Director
$0 $0 $0
CINDY HORTON DIRECTOR 1.00
Director
$0 $0 $0
MINDY JACKSON PARLIAMENTAR 2.00
Officer Director
$0 $0 $0
RANDY JEFFERS EX-OFFICIO 1.00
Director
$0 $0 $0
PATRICK LEE DIRECTOR 1.00
Director
$0 $0 $0
TAMARA LEMASTER DIRECTOR 1.00
Director
$0 $0 $0
KONNI MURPHY DIRECTOR 1.00
Director
$0 $0 $0
KAELEIGH PRICE DIRECTOR 1.00
Director
$0 $0 $0
REANNE RUDD DIRECTOR 1.00
Director
$0 $0 $0
MITZI WADE EX-OFFICIO 1.00
Director
$0 $0 $0
SHAWN WALSH DIRECTOR 1.00
Director
$0 $0 $0
CEILA WELSCH EX-OFFICIO 1.00
Director
$0 $0 $0
JINGER K WHITE EX-OFFICIO 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
2024 $489,836 $429,992 $1,835,848 $59,844
2023 $444,886 $421,362 $1,776,503 $23,524
2022 $414,536 $345,887 $1,746,240 $68,649
2021 $446,370 $324,677 $1,716,654 $121,693
2020 $352,983 $322,503 $1,463,791 $30,480
2019 $585,612 $487,749 $1,414,258 $97,863
2018 $559,345 $448,589 $1,308,513 $110,756
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