Lake Martin Area Association Of Realtors Inc
EIN: 631007808 · Alex City, AL
Is Lake Martin Area Association Of Realtors Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Martin Area Association Of Realtors Inc
Lake Martin Area Association Of Realtors Inc (EIN: 631007808) is a nonprofit organization based in Alex City, AL. The organization reported total revenue of $140K and total assets of $791K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Martin Area Association Of Realtors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Martin Area Association Of Realtors Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $121K |
| Surplus / Deficit | +$46K |
| Total Assets | $787K |
| Total Liabilities | $51K |
| Net Assets | $736K |
| Operating Margin | 27.6% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 78.0 months |
Financial Health Grade: A
In 2023, Lake Martin Area Association Of Realtors Inc reported a surplus of $46K with revenue exceeding expenses, holds 78.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Martin Area Association Of Realtors Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.5% | -15.3% | +9.1% |
| 2022 | -24.7% | -7.2% | -10.2% |
| 2021 | +25.4% | +26.1% | +23.2% |
| 2020 | -2.6% | -12.2% | +13.5% |
| 2019 | +20.0% | +26.8% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2400 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Martin Area Association Of Realtors Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Martin Area Association Of Realtors Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Frequently Asked Questions about Lake Martin Area Association Of Realtors Inc
Is Lake Martin Area Association Of Realtors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Martin Area Association Of Realtors Inc (EIN: 631007808) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Martin Area Association Of Realtors Inc spend its money?
Detailed spending breakdown data is not yet available for Lake Martin Area Association Of Realtors Inc. Check back for updated IRS 990 analysis.
Are donations to Lake Martin Area Association Of Realtors Inc tax-deductible?
Lake Martin Area Association Of Realtors Inc is registered as a tax-exempt nonprofit (EIN: 631007808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lake Martin Area Association Of Realtors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Martin Area Association Of Realtors Inc's revenue has grown by 75.3%, moving from $95K to $167K. Total assets increased by 189.5% over the same period, from $272K to $787K. Total functional expenses rose by 36.8%, from $89K to $121K. In its most recent filing year (2023), Lake Martin Area Association Of Realtors Inc reported a surplus of $46K, with revenue exceeding expenses. The organization holds $51K in liabilities against $787K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $736K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $121K | $787K | $51K | — | View 990 |
| 2022 | $196K | $143K | $721K | $56K | — | View 990 |
| 2021 | $260K | $154K | $803K | $99K | — | View 990 |
| 2020 | $207K | $122K | $652K | $88K | — | — |
| 2019 | $213K | $139K | $574K | $90K | — | — |
| 2018 | $177K | $110K | $506K | $92K | — | View 990 |
| 2017 | $122K | $93K | $411K | $64K | — | View 990 |
| 2016 | $141K | $96K | $348K | $45K | — | View 990 |
| 2015 | $103K | $91K | $300K | $48K | — | View 990 |
| 2014 | $126K | $94K | $298K | $63K | — | View 990 |
| 2013 | $116K | $101K | $259K | $64K | — | View 990 |
| 2012 | $94K | $100K | $254K | $75K | — | View 990 |
| 2011 | $95K | $89K | $272K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $121K, and assets of $787K (revenue -14.5% year-over-year).
- 2022: Revenue of $196K, expenses of $143K, and assets of $721K (revenue -24.7% year-over-year).
- 2021: Revenue of $260K, expenses of $154K, and assets of $803K (revenue +25.4% year-over-year).
- 2020: Revenue of $207K, expenses of $122K, and assets of $652K (revenue -2.6% year-over-year).
- 2019: Revenue of $213K, expenses of $139K, and assets of $574K (revenue +20.0% year-over-year).
- 2018: Revenue of $177K, expenses of $110K, and assets of $506K (revenue +45.7% year-over-year).
- 2017: Revenue of $122K, expenses of $93K, and assets of $411K (revenue -13.4% year-over-year).
- 2016: Revenue of $141K, expenses of $96K, and assets of $348K (revenue +35.8% year-over-year).
- 2015: Revenue of $103K, expenses of $91K, and assets of $300K (revenue -17.9% year-over-year).
- 2014: Revenue of $126K, expenses of $94K, and assets of $298K (revenue +8.2% year-over-year).
- 2013: Revenue of $116K, expenses of $101K, and assets of $259K (revenue +24.0% year-over-year).
- 2012: Revenue of $94K, expenses of $100K, and assets of $254K (revenue -1.6% year-over-year).
- 2011: Revenue of $95K, expenses of $89K, and assets of $272K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Martin Area Association Of Realtors Inc:
Data Sources and Methodology
This transparency report for Lake Martin Area Association Of Realtors Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.