Chattanooga Association of Realtors Inc

Nonprofit profile at a glance

EIN
620649503
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Chattanooga, TN, USA
Phone
4236988001
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Real Estate Associations

Official website

Reported finances

Revenue
$268,080
Expenses
$256,163
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • NATHAN WALLDORF (PRESIDENT)
  • MARK HITE (PRESIDENT-ELECT)
  • CAROL SEAL (CEO EXEC VICE PRESIDENT)

Highest reported compensation

  • CAROL SEAL (CEO EXEC VICE PRESIDENT): $88,146 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provides service and education to about 1663 real estate professionals engaged in every aspect of real estate throughout southeast Tennessee and northwest Georgia. This organization gives access to all relevant information on properties listed for sale or recently sold. Education is conducted to enable members to maintain or improve skills or requirements for licensing.

What it reported doing in 2016

To provide service and education to realtor members, and promote professional standards throughout the industry.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Accountability: 84
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 93.2%; rating input score 93
  • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.4%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.2%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: -13.7% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -14.5% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -10.7% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 93.2% of spending went to programs
  • Governance: 18 of 18 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $239K in reported program spending
  • Leadership: top reported pay $88K · 19 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.