Wisconsin Realtors Association Inc

Nonprofit profile at a glance

EIN
390782674
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Madison, WI, USA
Phone
6082412047
Rating confidence
Limited

Reported finances

Revenue
$9,610,362
Expenses
$7,474,391
Assets
$25,039,878
Liabilities
$6,341,356

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

Leadership & pay

35 people listed

Executive titles in this filing

  • SHAWNA ALT (VICE PRESIDENT)
  • STEVEN LILLESTRAND (VICE PRESIDENT)
  • THOMAS LARSON (PRESIDENT AND CEO)

Highest reported compensation

  • THOMAS LARSON (PRESIDENT AND CEO): $487,625 total reported compensation
  • CORI LAMONT (VP LEGAL AND PUBLIC AFFAIRS): $293,553 total reported compensation
  • STEPHANIE LARSON (CHIEF FINANCIAL OFFICER): $263,169 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 unite local boards of realtors and individuals in the state of Wisconsin for the purpose of serving its members by furnishing programs and services that promote an environment in which its members may successfully conduct their individual business while serving their clients and the public with the highest degree of professionalism; and through cooperative action, preserve and enhance the right to own, transfer and use real property.

What it reported doing in 2024

Private property action fund: provides academic research, polling, data analytics, public outreach, and other public affairs programming to assist in legislative and regulatory advocacy efforts on issues important to property owners, realtors, and the real estate industry.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program 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: 80
  • Accountability: 100
  • Sustainability: 65
  • Growth: 60

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: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass

Sustainability

  • Operating margin: 22.2%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 3.35; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.5% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments
  • Leadership: top reported pay $488K · 35 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $309K reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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 — Sustainability: Officer compensation ratio scored 11/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.