THE ASSOCIATION OF APPRAISER REGULATORY OFFICIALS

EIN: 911545335 Community Improvement

RALEIGH, NC

Total Revenue
$370,089
Total Expenses
$286,252
Total Assets
$332,056
Net Assets
$332,056
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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
1991
Legal Domicile
TX
Phone
9192354544
Tax Period
2023-01-01 to 2023-12-31

THE ASSOCIATION OF APPRAISER REGULATORY OFFICIALS, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $370K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 23% operating margin.

Mission

TO IMPROVE THE ADMINISTRATION AND ENFORCEMENT OF REAL ESTATE APPRAISAL LAWS IN MEMBER JURISDICTIONS

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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 $87,913
Program Service Revenue $273,482
Investment Income $8,694
Other Revenue $0
TOTAL REVENUE $370,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,703
Fundraising Expenses $0
Other Expenses $252,549
TOTAL EXPENSES $286,252

Year-over-Year Comparison

2023 2022 Change
Revenue $370,089 $286,910 +0.3%
Expenses $286,252 $255,994 +0.1%
Net Income $83,837 $30,916 +1.7%
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
16
Independent Members
16
Employees
1
Volunteers
N/A

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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM VEIT President 4.00
Officer Director
$0 $0 $0
Larry Disney Director 1.00
Director
$0 $0 $0
Justin Barney Director 1.00
Director
$0 $0 $0
STEVE MCCALEB Vice President 1.00
Officer Director
$0 $0 $0
LAURA SMITH Director 1.00
Director
$0 $0 $0
JACQUELINE OLSON Director 1.00
Director
$0 $0 $0
ERIC BRINTON Treasurer 1.00
Officer Director
$0 $0 $0
MICHELL BIRD Director 1.00
Director
$0 $0 $0
PETER FONTANA Director 1.00
Director
$0 $0 $0
CRAIG STEINLEY Director 1.00
Director
$0 $0 $0
VANESSA BEAUCHAMP PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
LEON LEWIS Director 1.00
Director
$0 $0 $0
ALLISON MCDONALD President Elect 1.00
Officer Director
$0 $0 $0
ED NEELLY Director 1.00
Director
$0 $0 $0
MARK SMELTZER Director 1.00
Director
$0 $0 $0
DENNIS BADGER Secretary 4.00
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
2024 No data No data No data No data
2023 $370,089 $286,252 $332,056 $83,837
2022 $286,910 $255,994 $248,219 $30,916
2019 $232,076 $225,659 $218,215 $6,417
2018 $222,149 $208,873 $211,798 $13,276
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