LUBBOCK ASSOCIATION OF REALTORS INC (EIN 750877785) - Form 990 Financial Analysis & Trantor Score

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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

1944

Legal Domicile

Principal Officer

CADE FOWLER

Phone

8067959533

Tax Period

2023-01-01 to 2023-12-31

LUBBOCK ASSOCIATION OF REALTORS INC, founded in 1944, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $328K, a strong 16% operating margin.

Mission

Trade Organization of Real Estate Professionals. Promoting the common interest of the Real Estate industry in Lubbock and the surrounding area. To help promote improvement of business conditions in this area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $917,384

Program Service Revenue $1,026,228

Investment Income $56,428

Other Revenue $53,106

TOTAL REVENUE $2,053,146

Expense Breakdown

Grants Paid $69,775

Salaries & Benefits $470,887

Fundraising Expenses $0

Program Expenses $1,604,788

Other Expenses $1,183,991

TOTAL EXPENSES $1,724,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,053,146	$1,953,656	+0.1%
Expenses	$1,724,653	$1,601,468	+0.1%
Net Income	$328,493	$352,188	-0.1%

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

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

$10,800

Total Directors

Key Employees

$131,602

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cade Fowler	Exec. Officer	040.00	Key Emp Highest	$131,602	$0	$131,602
Donna Sue Clements	Pres.	007.00	Officer	$10,800	$0	$10,800
Judi Fillingim	Director	001.00	Director	$0	$0	$0
Vanesa Hyde	Director	001.00	Director	$0	$0	$0
Leslie Spears	Director	001.00	Director	$0	$0	$0
Chanda White	Director	001.00	Director	$0	$0	$0
Oscar Armendariz	Director	001.00	Director	$0	$0	$0
Colby Norris	Director	001.00	Director	$0	$0	$0
Bambi Temple	Director	001.00	Director	$0	$0	$0
Chris Brooks	Director	001.00	Director	$0	$0	$0
Kristi Lowe	Director	001.00	Director	$0	$0	$0
Mary McGuire	Director	001.00	Director	$0	$0	$0
Melissa Sharkey	Director	001.00	Director	$0	$0	$0
Tracy Thomason	Director	001.00	Director	$0	$0	$0
Jackie Howard	Ex officio	001.00	Director	$0	$0	$0
Jeff Conn	Ex officio	001.00	Director	$0	$0	$0
Leigh Anne Brozo	Ex officio	001.00	Director	$0	$0	$0
Vanessa Dirks	Ex officio	001.00	Director	$0	$0	$0
Tony Lloyd	Ex officio	001.00	Director	$0	$0	$0
Rich Eberhardt	Chairman	001.00	Officer	$0	$0	$0
Michael Hutton	Pres. Elect	001.00	Officer	$0	$0	$0
Andrea Sturdivant	Sec/Treasurer	001.00	Officer	$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	$2,053,146	$1,724,653	$4,839,650	$328,493
2022	$1,953,656	$1,601,468	$4,502,282	$352,188
2021	$1,993,944	$1,361,319	$4,120,558	$632,625
2020	$1,818,862	$1,121,200	$3,508,516	$697,662
2019	$1,519,818	$1,208,004	$2,780,530	$311,814
2018	$1,224,464	$1,041,930	$2,472,971	$182,534

LUBBOCK ASSOCIATION OF REALTORS INC