PRESCOTT AREA ASSOC OF REALTORS INC

EIN: 866052791

PRESCOTT, AZ

Total Revenue
$1,474,473
Total Expenses
$1,578,914
Total Assets
$3,241,548
Net Assets
$2,196,389
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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
1968
Legal Domicile
AZ
Principal Officer
CARLA C DANE
Phone
9284452663
Tax Period
2023-01-01 to 2023-12-31

PRESCOTT AREA ASSOC OF REALTORS INC, founded in 1968, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

SERVICES TO REALTORS INCLUDING SEMINARS, LISTINGS, FORMS & SUPPLIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $553,163
Program Service Revenue $207,695
Investment Income $18,070
Other Revenue $695,545
TOTAL REVENUE $1,474,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $559,578
Fundraising Expenses $0
Other Expenses $1,019,336
TOTAL EXPENSES $1,578,914

Year-over-Year Comparison

2023 2022 Change
Revenue $1,474,473 $1,866,443 -0.2%
Expenses $1,578,914 $1,581,484 0.0%
Net Income $-104,441 $284,959 -1.4%
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
15
Independent Members
15
Employees
8
Volunteers
51

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
7
$148,159
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE WESTRUM CEO 40.00
Officer
$148,159 $0 $148,159
COOPER ANDERSON PROP MGMT DI 0.50
Director
$0 $0 $0
TAMMY ANDERSON TREASURER-EL 0.50
Officer Director
$0 $0 $0
GEORGE BEITZEL PAST PRESIDE 0.50
Officer Director
$0 $0 $0
JEN BERGAMINI DIRECTOR 0.50
Director
$0 $0 $0
RON DRAKE APPRAISER DI 0.50
Director
$0 $0 $0
CINDY EASTWOOD DIRECTOR 0.50
Director
$0 $0 $0
MOLLY HOHREIN DIRECTOR 0.50
Director
$0 $0 $0
FAYE HUMPHREY PRESIDENT 1.00
Officer Director
$0 $0 $0
LIZ KENNEDY FIRST VICE P 0.50
Officer Director
$0 $0 $0
JON MEADE DIRECTOR 0.50
Director
$0 $0 $0
SHIRLEY NIMSKY DIRECTOR 0.50
Director
$0 $0 $0
BARBARA PHILLIPS TREASURER 0.50
Officer Director
$0 $0 $0
JT PURVIS COMMERCIAL D 0.50
Director
$0 $0 $0
JEANELLE SHEARER PRESIDENT-EL 1.00
Officer Director
$0 $0 $0
KAYLA STAZENSKI DIRECTOR 0.50
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 $1,474,473 $1,578,914 $3,241,548 $-104,441
2022 $1,866,443 $1,581,484 $2,961,107 $284,959
2021 $1,356,347 $1,208,540 $2,657,105 $147,807
2020 $1,249,141 $1,010,664 $2,384,019 $238,477
2020 $1,249,141 $1,010,664 $2,384,019 $238,477
2019 $1,210,921 $1,088,966 $2,247,181 $121,955
2018 $1,132,530 $948,634 $1,979,667 $183,896
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