Bismarck-mandan Board of Realtors

Nonprofit profile at a glance

EIN
450311975
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Bismarck, ND, USA
Phone
7012550712
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Business and Industry

Reported finances

Revenue
$894,205
Expenses
$887,710
Assets
$1,928,054
Liabilities
$863,409

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • MARY OHLAUSER (PRESIDENT)
  • JASON SCHMIDT (PRESIDENT EL)

Highest reported compensation

  • WENDY SPENCER (CHIEF EXECUT): $127,339 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide member programs and services to enhance members' opportunity and ability to conduct their business successfully with competence and integrity. Advocate and promote the preservation of the right to own, transfer and use real property. Provide avenues for education professional and personal growth, and community service and uphold the realtor code of ethics as outlined by the national association of realtors.

What it reported doing in 2024

Bmbor offers professional development programs to help our nearly 500 realtor members enhance their skills and expertise. These programs include educational seminars, workshops, and certification courses on various real estate topics like ethics, negotiation strategies, and real estate law. In 2024, bmbor provided several educational sessions attended by over 300 members, leading to improved client service and a more knowledgeable workforce in the real estate industry. Bmbor plays a key role in monitoring and advocating for best practices, regulations, and policies that affect the real estate industry. We actively monitor legislative developments, local zoning laws, and industry standards to ensure our members remain informed and compliant with the latest requirements. Bmbor fosters a sense of community among its members by providing opportunities for networking, peer support, and collaborative growth. We host monthly meetings and social events where realtors can share insights, discuss challenges, and build relationships with other professionals. In 2024, our networking events attracted over 300 members, providing valuable collaboration and business development opportunities. Bmbor is committed to supporting local communities and raising awareness of the real estate profession. Through outreach campaigns, we aim to educate the public about the benefits of working with qualified realtors and promote ethical practices in real estate transactions.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 43
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.7%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 2.17; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 14.3%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 9.2% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: -5.6% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $127K · 11 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.