DENVER METROPOLITAN COMMERCIAL ASSOCIATION OF REALTORS

EIN: 841276916

Denver, CO

Total Revenue
$300,352
Total Expenses
$351,410
Total Assets
$113,839
Net Assets
$2,661
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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
1994
Legal Domicile
CO
Principal Officer
Russell Gruber
Phone
3037536227
Tax Period
2024-10-01 to 2025-09-30

DENVER METROPOLITAN COMMERCIAL ASSOCIATION OF REALTORS, founded in 1994, is a small nonprofit that reported $300K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $351K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide resources for members to professionally, ethically, and successfully conduct their commercial real estate business and to protect and support the right to own, use, and transfer real property

Program Service Accomplishments

Program 1
Expenses: $62,668

LEADERSHIP SUPPORT and TRAINING - The leadership team and members are being sought out to speak, hold office and lead others in business development, technology and new processes that represent and...

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LEADERSHIP SUPPORT and TRAINING - The leadership team and members are being sought out to speak, hold office and lead others in business development, technology and new processes that represent and benefit commercial brokers across the country. The organization's national reputation has been earned through its local focus, hard work and achievements.

Program 2
Expenses: $60,555

GOVERNMENT AFFAIRS - The organization's Government Affairs program has enjoyed numerous successes and features a strong focus on a wide range of key issues, including: State-level passing of...

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GOVERNMENT AFFAIRS - The organization's Government Affairs program has enjoyed numerous successes and features a strong focus on a wide range of key issues, including: State-level passing of construction defects reform; monitoring the affordable housing ordinance, providing input on proposed programs developed by the City's committee and any potential additional property taxes and development impact fees that could negatively hit the commercial real estate industry; preparing the commercial real estate industry to adhere to new energy efficiency requirements related to transparency and benchmarking for commercial buildings in Denver.

Program 3
Expenses: $60,793

MEMBER SERVICES - The organizational commitment to membership services has helped to make member businesses stronger and more successful. DMCAR members enjoy the highest quality database products at...

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MEMBER SERVICES - The organizational commitment to membership services has helped to make member businesses stronger and more successful. DMCAR members enjoy the highest quality database products at the most affordable rates from its database provider partner. Members also enjoy access to world-class continuing education and productive networking events.

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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 $0
Program Service Revenue $268,690
Investment Income $3,236
Other Revenue $28,426
TOTAL REVENUE $300,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,178
Fundraising Expenses $0
Program Expenses $249,110
Other Expenses $234,232
TOTAL EXPENSES $351,410

Year-over-Year Comparison

2024 2023 Change
Revenue $300,352 $360,143 -0.2%
Expenses $351,410 $466,359 -0.2%
Net Income $-51,058 $-106,216 -0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
1
Volunteers
16

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
$0
Total Directors
15
$0
Key Employees
1
$110,586
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather Howerton EO 40
Key Emp Highest
$100,000 $10,586 $110,586
Russell Gruber President, Director 3
Officer Director
$0 $0 $0
Justin Lutgen Past President, Director 2.5
Officer Director
$0 $0 $0
Megan Kranichfeld President-Elect, Director 3
Officer Director
$0 $0 $0
Jessica Graham Treasurer, Director 2.5
Officer Director
$0 $0 $0
Tia Jones Secretary, Director 2.5
Officer Director
$0 $0 $0
Luke Davidson Affiliate Director Liaison 2.5
Director
$0 $0 $0
Jane Fletcher Director at Large Organization 2.5
Director
$0 $0 $0
Sarajane Goodfellow Director 2.5
Director
$0 $0 $0
Aaron Koury Director at Large Organization 2.5
Director
$0 $0 $0
Adam Lewis Director 2.5
Director
$0 $0 $0
Nick Kitaeff Director at Large Organization 2.5
Director
$0 $0 $0
Billy Woodward Director at Large Organization 2.5
Director
$0 $0 $0
Rachel Canella Director at Large Organization 2.5
Director
$0 $0 $0
Lynn Pearson Director, Mid-Size 2.5
Director
$0 $0 $0
Julie McBrearty Director, Mid-Size 2.5
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 $300,352 $351,410 $113,839 $-51,058
2024 $360,143 $466,359 $188,320 $-106,216
2023 $505,757 $562,710 $301,308 $-56,953
2022 $450,328 $502,037 $313,432 $-51,709
2021 $430,078 $423,589 $386,076 $6,489
2020 $435,194 $487,376 $404,173 $-52,182
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