Northern Wasatch Association of Realtors (EIN 870219350) - 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

1953

Legal Domicile

Principal Officer

Michael J Ostermiller

Phone

8014764216

Tax Period

2023-01-01 to 2023-12-31

Northern Wasatch Association of Realtors, founded in 1953, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 45% operating margin.

Mission

To serve our members by promoting the right to own, transfer, and use real property.

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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 $0

Program Service Revenue $2,348,978

Investment Income $656,922

Other Revenue $38,324

TOTAL REVENUE $3,044,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $646,785

Fundraising Expenses $0

Other Expenses $1,042,310

TOTAL EXPENSES $1,689,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,044,224	$2,029,114	+0.5%
Expenses	$1,689,095	$1,625,861	+0.0%
Net Income	$1,355,129	$403,253	+2.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

165

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

$260,913

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Ostermiller	CEO and Secretary	40.00	Officer	$195,000	$53,913	$248,913
Kristi Jeppesen	Director of Accounting	40.00	Highest	$104,443	$27,465	$131,908
Adam Speth	President	2.00	Officer Director	$12,000	$0	$12,000
Devi Cooper	President Elect	2.00	Officer Director	$0	$0	$0
Michelle Williams	Vice President	2.00	Officer Director	$0	$0	$0
Kristie Nelson	2nd Vice President	2.00	Officer Director	$0	$0	$0
Russie Edwards	Treasurer	2.00	Officer Director	$0	$0	$0
Stephanie Taylor	Past President	2.00	Officer Director	$0	$0	$0
Fabian Amarillo	Director	2.00	Director	$0	$0	$0
Norm Robbins	Director	2.00	Director	$0	$0	$0
Dan Naylor	Director	2.00	Director	$0	$0	$0
Sarah Schelin	Director	2.00	Director	$0	$0	$0
Liz Sears	Director	2.00	Director	$0	$0	$0
Cory Berdinner	Director	2.00	Director	$0	$0	$0
Shannon Key	Director	2.00	Director	$0	$0	$0
Eric Lee	Director	2.00	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	$3,044,224	$1,689,095	$10,908,693	$1,355,129
2022	$2,029,114	$1,625,861	$9,476,950	$403,253
2021	$2,554,624	$1,522,830	$9,212,927	$1,031,794
2020	$2,370,754	$1,496,839	$8,166,625	$873,915
2019	$1,833,502	$1,053,277	$7,047,284	$780,225
2018	$1,565,951	$1,012,770	$6,378,065	$553,181

Northern Wasatch Association of Realtors