West and Southeast Realtors of the Valley Inc

Nonprofit profile at a glance

EIN: 860214078
IRS 990 coverage: 2020–2024
Forms available: Form 990 2024
Location: Chandler, AZ, USA
Phone: 4804775882
Rating confidence: Limited

Reported finances

Revenue: $5,173,068
Expenses: $4,576,196
Assets: $15,740,023
Liabilities: $5,721,260

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

Leadership & pay

28 people listed

Executive titles in this filing

ROGER NELSON (CEO)
KELLY M SORIANO (PRESIDENT)
SHARI WARD (PRESIDENT-ELECT)
CHRISTINE BAYER (VICE PRESIDENT)
MICHAEL HOFSTETTER (IMMEDIATE PAST PRESIDENT)

Highest reported compensation

ROGER NELSON (CEO): $409,566 total reported compensation
PAMELA FRESTEDT (COO): $251,675 total reported compensation
MARIBEL GARCIA (VP TECHNOLOGY ASSET MANAGEMENT): $140,231 total reported compensation

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

Overview

Mission

To support members through education, products, and services to enable members to ethically and professionally operate their business. We will foster strategic alliances promoting the preservation of property rights, advocating responsible citizenship, strengthening the realtor image, and be a resource for information and expertise in real estate.

What it reported doing in 2024

Weserv is the 6th largest local realtor association in the united states. We provided professional standards enforcement, mediation, ombudsman services, professional development opportunities, and conducted and promoted realtor safety activities for our members. We utilized the membership dues towards providing continuing education and professional standards services to our members as well as other business-related benefits at no extra cost. We also published current real estate data to our members and news outlets and encouraged members to participate and be advocates for real estate-related issues.

Operating model

Revenue model: Other-operating. 90% of the money available for current operations came from other operating revenue.
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: 95
Sustainability: 58
Growth: 40

Detailed rating inputs

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: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail

Sustainability

Operating margin: 11.5%; rating input score 65; 65th percentile among comparable filings
Total-asset coverage ratio: 3.44; rating input score 77; 77th percentile among comparable filings
Liabilities to assets ratio: 0.36; rating input score 29; 29th percentile among comparable filings
Officer compensation ratio: 23.5%; rating input score 9; 9th percentile among comparable filings

Growth

Program expense growth: Limited
Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
Asset growth: -2.2% per year; rating input score 0; 7th percentile among comparable filings

Details

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 20 of 20 board members independent · 8 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $410K · 28 people listed · 4 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $115K reported
Consistency: 10 of 12 current checks pass · 2 findings to review
Schedules: 6 filed schedules · includes major donors and executive pay
Filing history: 4 filing years from 2020 to 2024
Contacts: How to reach this organization
Money network: 6 filed money-flow records
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.
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.

High — Growth: Asset growth scored 0/100.
Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
Review — Accountability: Governance controls: Independent financial-statement audit not reported.
High — Sustainability: Officer compensation ratio scored 9/100.
High — Sustainability: Liabilities to assets ratio scored 29/100.