CALIFORNIA CHAPTER OF THE ASFMRA (EIN 946128067) - 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

1949

Legal Domicile

Principal Officer

TODD COMBS

Phone

2093683672

Tax Period

2024-10-01 to 2025-09-30

CALIFORNIA CHAPTER OF THE ASFMRA, founded in 1949, is a small nonprofit that reported $364K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 22% operating margin.

Mission

PROVIDE EDUCATION TO APPROXIMATELY 500 APPRAISORS AND BUSINESS PEOPLE.

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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 $23,173

Program Service Revenue $246,230

Investment Income $3,879

Other Revenue $90,499

TOTAL REVENUE $363,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,411

Fundraising Expenses $0

Other Expenses $158,283

TOTAL EXPENSES $283,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,781	$270,980	+0.3%
Expenses	$283,694	$276,759	+0.0%
Net Income	$80,087	$-5,779	-14.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MING ARA	PRESIDENT	3.00	Officer Director	$0	$0	$0
MATT PENNEBAKER ARA	PRESIDENT-ELECT	N/A	Officer Director	$0	$0	$0
SARA LOCKHART ARA	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
KYLE DAIRYMPLE ARA	BOARD MEMBER-AT LARGE	N/A	Director	$0	$0	$0
CURTIS BUONO ARA	BOARD MEMBER-AT LARGE	N/A	Director	$0	$0	$0
JANIE GATZMAN ARA	IMMEDIATE PAST PRESIDENT	N/A	Director	$0	$0	$0
CHARLOTTE MITCHELL	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
SUSIE ROGET	ADMINISTRATIVE EXEC VP	N/A	Officer	$0	$0	$0
MIKE MERKLEY ARA	ASFMRA- DIST VII VP	N/A	Officer	$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	$363,781	$283,694	$239,078	$80,087
2024	$270,980	$276,759	$159,141	$-5,779
2023	$294,813	$326,265	$164,920	$-31,452
2022	$260,323	$308,331	$149,676	$-48,008
2021	$217,849	$167,151	$198,662	$50,698
2020	$205,978	$217,678	$147,965	$-11,700
2019	$329,261	$315,206	$159,645	$14,055
2018	$255,951	$235,418	$145,575	$20,533

CALIFORNIA CHAPTER OF THE ASFMRA