Southwest Louisiana Association of Realt
Nonprofit profile at a glance
- EIN
- 726020725
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Lake Charles, LA, USA
- Phone
- 3374789717
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $664,853
- Expenses
- $947,224
- Assets
- $1,809,726
- Liabilities
- $525,631
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOSH FOSTER (PRESIDENT)
- KAREN NORTHCUTT (PRESIDENT ELECT)
- SUMMER BOUDREAUX-RICHARD (VICE PRESIDENT)
People named in this filing
- REBECCA SLONE (DIRECTOR AT LARGE)
- MARY GUIDRY RINGO (DIRECTOR AT LARGE)
- DANETTE MCMANUS (DIRECTOR AT LARGE)
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
Real estate board fostering the community
What it reported doing in 2024
Multiple listing service-member served newsletter and other exempt fuctions; information published in multiple list books
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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 26
- Transparency & Controls: 75
- Accountability: 82
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.5%; rating input score 33
- Program expense ratio: 22.8%; rating input score 23
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 1st 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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -42.5%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.6% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 32.5% of revenue deployed · 22.8% of spending went to programs
- Governance: 692 of 692 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $216K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 22 of 24 current checks pass · 2 findings to review
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
- High — Financial Efficiency: Program expense ratio scored 23/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 4/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 25/100.