PIKES PEAK 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

1954

Legal Domicile

Principal Officer

STEVE VOLKODAV

Phone

7196337718

Tax Period

2023-01-01 to 2023-12-31

PIKES PEAK ASSOCIATION OF REALTORS, founded in 1954, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 4% surplus.

Mission

THE PIKES PEAK ASSOCIATION OF REALTORS HELPS ITS MEMBERS TO BE ETHICAL, PROFESSIONAL AND SUCCESSFUL BY PROVIDING QUALITY SERVICES AND PROTECTING THE FREE ENTERPRISE SYSTEM AND REAL PROPERTY RIGHTS.

Program Service Accomplishments

Program 1

Expenses: $1,621,728

N/A

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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 $1,563,479

Program Service Revenue $100,363

Investment Income $79,420

Other Revenue $-15,613

TOTAL REVENUE $1,727,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,039,663

Fundraising Expenses $0

Program Expenses $1,621,728

Other Expenses $614,873

TOTAL EXPENSES $1,654,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,727,649	$1,751,087	0.0%
Expenses	$1,654,536	$1,777,811	-0.1%
Net Income	$73,113	$-26,724	-3.7%

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

263

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

$225,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON DEAN	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ANN KIDD	PAST CHAIR	1.00	Officer Director	$0	$0	$0
RANDY CASE	CHAIR	1.00	Director	$0	$0	$0
WINDY BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY BIGA	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE BONNEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
WYNNE PALERMO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
DONNA MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE VOLKODAV	CEO	40.00	Officer	$184,808	$40,266	$225,074
LARISSA KUNZ	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
JP SPEERS	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
2024	No data	No data	No data	No data
2023	$1,727,649	$1,654,536	$11,575,183	$73,113
2022	$1,751,087	$1,777,811	$10,895,940	$-26,724
2021	$1,683,320	$1,370,911	$10,870,945	$312,409
2020	$1,695,254	$1,152,205	$9,743,415	$543,049