Upper Peninsula Assoc of Realtors Inc

Nonprofit profile at a glance

EIN
382377126
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Marquette, MI, USA
Phone
9062284870
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Real Estate Associations

Official website

Reported finances

Revenue
$729,690
Expenses
$600,743
Assets
$1,004,673
Liabilities
$2,477

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • AMANDA SODERBERG (EXECUTIVE DIRECTOR)
  • CHRISTOPHER GERMAIN (PAST PRESIDENT)
  • CARRIE TORETTA-PARTELLO (PRESIDENT)
  • BENJAMIN ARGALL (PRESIDENT ELECT)

Highest reported compensation

  • AMANDA SODERBERG (EXECUTIVE DIRECTOR): $63,590 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose is to exert a beneficial influence upon the profession and related interest, promote and maintain high standards of conduct in the real estate profession and provide a unified medium for real estate owners and those engaged in the real estate profession whereby their interest will be safeguarded and advanced.

What it reported doing in 2024

Member services-multiple listing services are provided for members. These are a compilation of all real estate properties that are available for sale or have already been sold. Realtors give data to upper peninsula association of realtors upar and upar reviews prior to posting. Members have access to these listings for conducting their business and providing real estate owners the medium for selling and buying real estate. Assistance with presentation of the listing is also provided to the members. Approximately 40 of time is devoted to this activity. Realtors are required to adhere to a code of ethics. Assistance is provided to resove issues of conflict for the members, buyers and sellers.approximately 10 of time is devoted to this activity.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 90
  • Accountability: 74
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 87.5%; rating input score 87
  • Fundraising efficiency: Limited

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: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.7%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 10.6%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 87.5% of spending went to programs
  • Governance: 12 of 12 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $525K in reported program spending
  • Leadership: top reported pay $64K · 13 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 5 of 8 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.