SOUTH METRO DENVER REALTOR ASSOCIATION (EIN 840523265) - 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

1958

Legal Domicile

Principal Officer

MELISSA MALDONADO

Phone

3037973700

Tax Period

2024-10-01 to 2025-09-30

SOUTH METRO DENVER REALTOR ASSOCIATION, founded in 1958, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Net assets of $10.2M represent 75 months of operating reserves.

Mission

THE SOUTH METRO DENVER REALTOR ASSOCIATION (SMDRA) IS A TRADE ASSOCIATION THAT SERVES ITS MEMBERSHIP BY PROVIDING EDUCATION AND MEMBER ACTIVITIES, PROMOTE PROFESSIONALISM IN THE REAL ESTATE INDUSTRY, PROMOTE THE VALUE OF THE REALTOR BRAND, ENCOURAGE REALTOR INVOLVEMENT IN THE COMMUNITY, PROMOTE FAIR HOUSING AND EQUAL OPPORTUNITY IN REAL ESTATE, AND TO ENHANCE THE RIGHT TO OWN, TRANSFER, AND USE REAL PROPERTY, AND PROTECT PRIVATE PROPERTY RIGHTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,400,062

Investment Income $248,208

Other Revenue $-19,519

TOTAL REVENUE $1,628,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,799

Fundraising Expenses $0

Program Expenses $940,780

Other Expenses $947,535

TOTAL EXPENSES $1,729,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,628,751	$6,965,624	-0.8%
Expenses	$1,729,334	$1,802,055	0.0%
Net Income	$-100,583	$5,163,569	-1.0%

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

350

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

$204,772

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MALDONADO	CEO	40.00	Officer	$186,583	$18,189	$204,772
JOHN R MCCOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MITCHEL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN S PARK	DIRECTOR	2.00	Director	$0	$0	$0
JON M QUEEN	DIRECTOR	2.00	Director	$0	$0	$0
KAREN ESQUIBEL	DIRECTOR	2.00	Director	$0	$0	$0
ROHAN N HERBERT	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON CROUTHERS	DIRECTOR	2.00	Director	$0	$0	$0
STACIE L DUFFY	DIRECTOR	2.00	Director	$0	$0	$0
SHAUNA PUGH	DIRECTOR	2.00	Director	$0	$0	$0
MARK RIELLY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN C THENHAUS	DIRECTOR	2.00	Director	$0	$0	$0
BRANDI L WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA J PRICE	DIRECTOR	2.00	Director	$0	$0	$0
MAY B JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDRA E MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
TERRY L GIST	DIRECTOR	2.00	Director	$0	$0	$0
ERIQUECA SANDERS	MEMBER SVCS DIV VP	2.00	Director	$0	$0	$0
TROY L WILLIAMS	ADVOCACY DIVISION VP	2.00	Director	$0	$0	$0
HYRUM A EASTON	YPN DIR. EX-OFFICIO	2.00	Director	$0	$0	$0
KELLI NESBITT	AFF. DIR. EX-OFFICIO	2.00	Director	$0	$0	$0
MALAIKA WHITE	IDEA DIR. EX-OFFICIO	2.00	Director	$0	$0	$0
MARGARET HAMILTON	SMDRA DIRECTOR-ELECT	2.00	Director	$0	$0	$0
ERIC PACHECO	SMDRA DIRECTOR-ELECT	2.00	Director	$0	$0	$0
ADRIANA N SMITH	SMDRA DIRECTOR-ELECT	2.00	Director	$0	$0	$0
AARON M RAVDIN	PRESIDENT	8.00	Officer Director	$0	$0	$0
SHELBY D FOSTER	PRESIDENT-ELECT	6.00	Officer Director	$0	$0	$0
JAY D BROWN	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID DEELENA	APPOINTED PAST PRESIDENT	2.00	Officer 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
2025	$1,628,751	$1,729,334	$10,629,873	$-100,583
2024	$6,965,624	$1,802,055	$10,954,045	$5,163,569
2023	$1,878,906	$1,726,301	$7,348,604	$152,605
2022	$1,681,652	$1,915,263	$7,202,323	$-233,611
2021	$1,921,835	$1,585,125	$7,064,547	$336,710
2020	$1,201,053	$1,467,565	$6,793,268	$-266,512
2019	$1,021,407	$1,211,868	$6,667,244	$-190,461
2018	$4,624,305	$1,050,909	$5,756,414	$3,573,396

SOUTH METRO DENVER REALTOR ASSOCIATION