REAL ESTATE ASSOCIATION OF PUGET SOUND (EIN 911238673) - 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

1983

Legal Domicile

Principal Officer

JULAI BALDWIN

Phone

4254584797

Tax Period

2024-01-01 to 2024-12-31

REAL ESTATE ASSOCIATION OF PUGET SOUND, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $152K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 48% operating deficit.

Mission

PROMOTE REAL ESTATE INVESTING

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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 $55,192

Program Service Revenue $96,397

Investment Income $9

Other Revenue $0

TOTAL REVENUE $151,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,322

Fundraising Expenses $0

Other Expenses $146,566

TOTAL EXPENSES $223,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,598	$221,839	-0.3%
Expenses	$223,888	$240,930	-0.1%
Net Income	$-72,290	$-19,091	+2.8%

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

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

$4,131

Total Directors

$75,031

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELIQUE TINNEY	Chairman	6.00	Director	$70,900	$0	$70,900
JULAI BALDWIN	Treasurer	4.00	Officer Director	$4,131	$0	$4,131
KATHERINE SWANBERG	President	40.00	Officer Director	$0	$0	$0
TRACY MINICK	Vice President	3.00	Officer Director	$0	$0	$0
SHEILA LAIR	Secretary	3.00	Officer Director	$0	$0	$0
MIKE SUMSKY	Director	4.00	Director	$0	$0	$0
GREG GALLAGHER	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	$151,598	$223,888	$85,536	$-72,290
2023	$221,839	$240,930	$157,109	$-19,091
2022	$152,443	$187,904	$176,849	$-35,461
2021	$164,277	$165,001	$210,022	$-724
2020	$139,178	$191,010	$224,896	$-51,832
2019	$304,659	$300,917	$261,078	$3,742
2018	$392,156	$357,443	$261,048	$34,713

REAL ESTATE ASSOCIATION OF PUGET SOUND