Realtors Association of Citrus County Inc
Nonprofit profile at a glance
- EIN
- 591743091
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Lecanto, FL, USA
- Phone
- 3527467550
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,596,514
- Expenses
- $1,659,663
- Assets
- $1,539,978
- Liabilities
- $59,716
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LYNN HARRIS (PRESIDENT)
People named in this filing
- LYNN HARRIS (PRESIDENT)
- DEBBIE RECTOR (DIRECTOR)
- KEITH PULLIAS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The realtors association of citrus county advocates for property rights, community, growth, and ethical real estate practices while upholding the highest standards of professionalism. Through, advocacy, and service, we empower our members to excel while foserting a thriving inclusive community.
What it reported doing in 2024
To assist members by providing local training, continuing education, and professional development opportunities to help them maintain required licenses and enhance their knowledge within the industry.
Operating model
- Revenue model
- Membership-supported. 77% of the money available for current operations came from membership dues.
- 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 40
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.5%; rating input score 60
- Program expense ratio: 57.4%; rating input score 57
- Fundraising efficiency: $29.23 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
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: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 60.5% of revenue deployed · 57.4% of spending went to programs
- Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Program expense ratio scored 57/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 26/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.