GLENDALE ASSOCIATION OF REALTORS (EIN 950775753) - 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

1930

Legal Domicile

Phone

8182412184

Tax Period

2024-01-01 to 2024-12-31

GLENDALE ASSOCIATION OF REALTORS, founded in 1930, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

PROVIDE SERVICES AND INFORMATION TO ITS REALTOR MEMBERS AND SUBSCRIBERS

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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 $0

Program Service Revenue $1,998,683

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,998,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,807

Fundraising Expenses $0

Program Expenses $1,044,253

Other Expenses $1,488,070

TOTAL EXPENSES $2,064,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,998,683	$1,916,925	+0.0%
Expenses	$2,064,877	$1,781,300	+0.2%
Net Income	$-66,194	$135,625	-1.5%

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

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

$146,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KISSINGER	CEO	45.00	Officer	$146,880	$0	$146,880
ARMEN AVEDIAN	DIRECTOR	2.00	Director	$0	$0	$0
IRA BLAND	DIRECTOR	2.00	Director	$0	$0	$0
VAHE SAGINIAN	DIRECTOR	2.00	Director	$0	$0	$0
ANTOINETTE STAHL	DIRECTOR	2.00	Director	$0	$0	$0
ANDREI PASHAI	DIRECTOR	2.00	Director	$0	$0	$0
DRO GHARAPETIAN	DIRECTOR	2.00	Director	$0	$0	$0
VIVIAN LONG	DIRECTOR	2.00	Director	$0	$0	$0
VARTAN GHARPETIAN	DIRECTOR	2.00	Director	$0	$0	$0
SEVAK SOHRABIAN	DIRECTORPRESIDENT-ELECT	4.00	Officer Director	$0	$0	$0
ERIC TORO	DIRECTORIMMEDIATE PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
ADDORA BEALL	DIRECTORTREASURER	4.00	Officer Director	$0	$0	$0
CARMEN AROM	DIRECTORPRESIDENT	4.00	Officer Director	$0	$0	$0
EDDIE MINASSIAN	DIRECTORVICE-PRESIDENT	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	$1,998,683	$2,064,877	$3,783,342	$-66,194
2023	$1,916,925	$1,781,300	$3,883,781	$135,625
2022	$1,710,356	$1,632,018	$3,731,992	$78,338
2021	$1,668,468	$1,350,772	$3,691,957	$317,696
2020	$1,443,732	$1,292,780	$3,362,272	$150,952
2019	$1,626,647	$1,144,555	$3,293,239	$482,092
2018	$1,772,357	$1,250,483	$2,949,743	$521,874

GLENDALE ASSOCIATION OF REALTORS