Realtors Association of Northeast Wisconsin Inc

What it reported doing in 2024

Professional development - professional development programs offer educational opportunities to advance the practice and professionalism of members. Professional standards - peer-to-peer arbitration hearings, hearings of alleged unethical conduct, and mediation/ombuds of disputes by trained volunteers for members and their clients/customers. Association provides training to the volunteers, and administration of the professional standards process. Neighborhood outreach - annual outreach by member volunteers to residents in multiple market areas in need for fall yard clean-up, in coordination with area housing groups. Housing advocacy, plus diversity, equity, inclusion (dei) - involved with community housing groups and local government to promote affordable and equitable housing opportunities. Educates members regarding housing affordability, inclusion etc. Promotes policies and education regarding real estate practice in compliance with federal and state fair housing laws, and the code of ethics.continuing education - c.e. Series offered to members to fulfill Wisconsin licensing renewal requirements for residential, commercial and appraisal specialties. Offered in conjunction with the Wisconsin realtors association. Available to all members. Residential ce 2024: 74 attended.new member orientation -- live classes (online 2020-2022 due to pandemic) designed to welcome and educate new members on topics such as fair housing, professional standards, anti-trust, safety, association policies & bylaws, etc., presented by experienced member instructors throughout the year. Required of all ranw realtor members; 200 new members joined in 2024.triennial ethics training - courses for realtors to complete nar realtor membership requirement. Deadline december 2024. All realtors needed to complete; compliance responsibility of local association.legal updates/market outreach - updates provided as needed on topical legal issues relevant to real estate, such as new real estate forms, license law, local, state and federal laws, municipal ordinances, local community issues, code of ethics, etc. Available to all members.membership meetings - two meetings typically held annually: annual meeting & elections, as well as board of directors installation, or an education session. Update from leadership on association business, speakers on subjects relevant to the real estate industry. Available to all members; attendance 450.real estate designation courses - ranw offers educational designation courses in conjunction with national (nar) and Wisconsin realtors associations (wra) such as accredited buyer agency (abr), graduate realtors institute (gri), certified residential specialist (crs), bpo certification, seniors real estate specialist (sres), at home with diversity (ahwd), implicit bias training, fairhaven, etc. Member recognition - ranw offers excellence in professionalism awards each year for outstanding service to the industry and community.real estate forms - ranw creates, with the state association legal team, local addenda to standard forms specific to the northeast Wisconsin real estate markets for the benefit of practitioners and their clients and customers. Available to all members; widely used.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • 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: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 3.8%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 3.84; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.13; rating input score 38; 38th percentile among comparable filings
• Officer compensation ratio: 18.9%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 3.2% per year; rating input score 100; 32nd percentile among comparable filings
• Asset growth: 3.6% per year; rating input score 100; 32nd percentile among comparable filings