Seattle-king County Association of Realtors

Nonprofit profile at a glance

EIN
910403475
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Bellevue, WA, USA
Phone
4259741011
Rating confidence
Limited

Official website

Reported finances

Revenue
$2,190,559
Expenses
$2,598,987
Assets
$5,263,694
Liabilities
$1,596,600

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

Leadership & pay

25 people listed

Executive titles in this filing

  • GARRETT NELSON (PRESIDENT)
  • MICHAEL ORBINO (PAST PRESIDENT)
  • CHEYENNE GILLOOLY (PRESIDENT ELECT)
  • RUSSELL HOKANSON (CEO)

Highest reported compensation

  • RUSSELL HOKANSON (CEO): $299,701 total reported compensation
  • SCOTT PARSONS (DIRECTOR OF FINANCE): $174,355 total reported compensation
  • TAYLOR SHANAMAN (DIRECTOR OF GOV AFFAIRS): $167,468 total reported compensation

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

Overview

Mission

To unite the real estate industry through education and research, to unite those engaged in the real estate business and to promote and protect the interest of its members and of others engaged in real estate transactions and management. To provide education facilities in real estate for its members and when practicable for others.

What it reported doing in 2025

The association provided education, newsletters, information services, and sponsored meetings to further professional standards and promote good faith and fair dealing in real estate among its over 5,000 members.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 84
  • Accountability: 78
  • Sustainability: 23
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • 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: 66.7%; rating input score 67; 23rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail

Sustainability

  • Operating margin: -18.6%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 30.8%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.2% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 18 of 21 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $300K · 25 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $335K reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.