Connecticut Association of Realtors Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

96 people listed

CYNTHIA BUTTS (CEO): $377,541 total reported compensation
JAMES HECKMAN (GENERAL COUNSEL/DIR OF GOVT AFFAIRS): $315,222 total reported compensation
STACEY LAFFERTY (ASSOCIATE COUNSEL): $222,566 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Provide education and legal information, conferences and special activities; public relations, legislative efforts and lobbying for members.

Educational programs, conferences and other special activities

Revenue model: Membership-supported. 92% of the money available for current operations came from membership dues.
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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 88.5%; rating input score 89; 20th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 9.1%; rating input score 53; 53rd percentile among comparable filings
Total-asset coverage ratio: 2.24; rating input score 61; 61st percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
Officer compensation ratio: 29.6%; rating input score 8; 8th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 7% per year; rating input score 100; 52nd percentile among comparable filings
Asset growth: 3.7% per year; rating input score 100; 26th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 77 of 87 board members independent · 7 of 9 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $378K · 96 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $691K reported
Consistency: 14 of 14 current checks pass
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 12 filing years from 2014 to 2025
Contacts: How to reach this organization
Money network: 17 filed money-flow records
Related organizations: 2 filed related-organization links
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

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