AMERICAN INDUSTRIAL REAL ESTATE AS… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

JOY POMEROY

Phone

2136878777

Tax Period

2023-01-01 to 2023-12-31

AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION, founded in 1972, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $418K, a strong 41% operating margin.

Mission

PROVIDE EDUCATIONAL AND OTHER SERVICES TO MEMBERS WITHIN THE COMMERCIAL REAL ESTATE PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $481,585 Revenue: $129,448

TO PROVIDE COMMERICAL REAL ESTATE PROFESSIONALS IN SOUTHERN CALIFORNIA WITH CRITICAL TOOLS THEY NEED TO BE SUCCESSFUL SUCH AS NETWORKING EVENTS, PROFESSIONAL SEMINARS, AND OTHER PROGRAM SERVICES.

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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 $563,904

Program Service Revenue $129,448

Investment Income $44,893

Other Revenue $272,676

TOTAL REVENUE $1,010,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,897

Fundraising Expenses $0

Program Expenses $481,585

Other Expenses $280,524

TOTAL EXPENSES $593,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,010,921	$463,198	+1.2%
Expenses	$593,421	$689,661	-0.1%
Net Income	$417,500	$-226,463	-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

$631,697

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN ALTEMUS	PRESIDENT	10.00	Officer Director	$0	$0	$0
TIBOR LODY	PRESIDENT ELECT	10.00	Officer Director	$0	$0	$0
NATALIE BAZAREVITSCH	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN MCANIFF	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RUSTY SMITH	SECRETARY/ TREASURER	10.00	Officer Director	$0	$0	$0
LEE DRESIE	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM SULLIVAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BENNETT WASHABAUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
CASEY MUNGO	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON WORTMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
JON RENO	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB ANTROBIUS	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM DEIERLING	BOARD MEMBER	2.00	Director	$0	$0	$0
I HASSAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RON WASHLE	BOARD MEMBER	2.00	Director	$0	$0	$0
KURT STRASMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
JODIE POIRIER	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM HAYES	CEO	40.00	Officer	$286,733	$55,972	$342,705
JOY POMEROY	COO	40.00	Officer	$259,051	$29,941	$288,992
SEAN PULLIN	DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$166,069	$2,934	$169,003
MONIQUE EBEL	DIRECTOR OF RESEARCH AND OPERATIONS MANAGER	40.00	Highest	$160,189	$11,645	$171,834

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	$1,010,921	$593,421	$3,136,535	$417,500
2022	$463,198	$689,661	$2,853,014	$-226,463
2021	$1,191,783	$725,157	$3,141,587	$466,626
2020	$436,315	$740,368	$1,442,940	$-304,053
2019	$649,919	$665,025	$1,687,994	$-15,106
2018	$281,356	$1,129,933	$2,403,109	$-848,577

AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION