Southeast Minnesota Association Of Realtors Inc
EIN: 410919175 · Rochester, MN · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $851K |
| Total Expenses | $697K |
| Net Assets | $1.5M |
Is Southeast Minnesota 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 Southeast Minnesota Association Of Realtors Inc
Southeast Minnesota Association Of Realtors Inc (EIN: 410919175) is a nonprofit organization based in Rochester, MN, classified under NTEE code S47. The organization reported total revenue of $851K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Minnesota Association Of Realtors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeast Minnesota Association Of Realtors Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $697K |
| Surplus / Deficit | +$719K |
| Total Assets | $2.5M |
| Total Liabilities | $941K |
| Net Assets | $1.5M |
| Operating Margin | 50.8% |
| Debt-to-Asset Ratio | 37.9% |
| Months of Reserves | 42.7 months |
Financial Health Grade: A
In 2023, Southeast Minnesota Association Of Realtors Inc reported a surplus of $719K with revenue exceeding expenses, holds 42.7 months of operating reserves (strong position), has a debt-to-asset ratio of 37.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2013–2023), Southeast Minnesota Association Of Realtors Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +135.4% | +28.4% | +110.4% |
| 2022 | +1216.1% | +228.4% | -0.2% |
| 2021 | -91.6% | -68.2% | +18.6% |
| 2021 | +17.5% | +13.0% | -30.1% |
| 2020 | -26.6% | -22.1% | +24.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southeast Minnesota 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 Southeast Minnesota 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 $719K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.9%.
Frequently Asked Questions about Southeast Minnesota Association Of Realtors Inc
Is Southeast Minnesota Association Of Realtors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeast Minnesota Association Of Realtors Inc (EIN: 410919175) insufficient data. 0 red flags identified, 0 strengths noted.
How does Southeast Minnesota Association Of Realtors Inc spend its money?
Detailed spending breakdown data is not yet available for Southeast Minnesota Association Of Realtors Inc. Check back for updated IRS 990 analysis.
Are donations to Southeast Minnesota Association Of Realtors Inc tax-deductible?
Southeast Minnesota Association Of Realtors Inc is registered as a tax-exempt nonprofit (EIN: 410919175). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southeast Minnesota Association Of Realtors Inc located?
Southeast Minnesota Association Of Realtors Inc is headquartered in Rochester, Minnesota and files with the IRS under EIN 410919175. It is classified under NTEE code S47.
How many years of IRS 990 filings does Southeast Minnesota Association Of Realtors Inc have?
Southeast Minnesota Association Of Realtors Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $851K in total revenue.
Filing History
IRS 990 filing history for Southeast Minnesota Association Of Realtors Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2023), Southeast Minnesota Association Of Realtors Inc's revenue has grown by 105.8%, moving from $688K to $1.4M. Total assets increased by 103.4% over the same period, from $1.2M to $2.5M. Total functional expenses rose by 5.5%, from $661K to $697K. In its most recent filing year (2023), Southeast Minnesota Association Of Realtors Inc reported a surplus of $719K, with revenue exceeding expenses. The organization holds $941K in liabilities against $2.5M in assets (debt-to-asset ratio: 37.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $697K | $2.5M | $941K | — | — |
| 2022 | $601K | $543K | $1.2M | $358K | — | — |
| 2021 | $46K | $165K | $1.2M | $429K | — | View 990 |
| 2021 | $542K | $520K | $995K | $124K | — | View 990 |
| 2020 | $461K | $460K | $1.4M | $575K | — | — |
| 2019 | $629K | $591K | $1.1M | $296K | — | View 990 |
| 2018 | $443K | $438K | $1.1M | $337K | — | View 990 |
| 2017 | $467K | $472K | $1.1M | $329K | — | View 990 |
| 2016 | $493K | $437K | $1.1M | $300K | — | View 990 |
| 2015 | $692K | $712K | $1.1M | $302K | — | View 990 |
| 2014 | $686K | $695K | $1.2M | $437K | — | View 990 |
| 2013 | $688K | $661K | $1.2M | $439K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $697K, and assets of $2.5M (revenue +135.4% year-over-year).
- 2022: Revenue of $601K, expenses of $543K, and assets of $1.2M (revenue +1216.1% year-over-year).
- 2021: Revenue of $46K, expenses of $165K, and assets of $1.2M (revenue -91.6% year-over-year).
- 2021: Revenue of $542K, expenses of $520K, and assets of $995K (revenue +17.5% year-over-year).
- 2020: Revenue of $461K, expenses of $460K, and assets of $1.4M (revenue -26.6% year-over-year).
- 2019: Revenue of $629K, expenses of $591K, and assets of $1.1M (revenue +42.0% year-over-year).
- 2018: Revenue of $443K, expenses of $438K, and assets of $1.1M (revenue -5.2% year-over-year).
- 2017: Revenue of $467K, expenses of $472K, and assets of $1.1M (revenue -5.3% year-over-year).
- 2016: Revenue of $493K, expenses of $437K, and assets of $1.1M (revenue -28.7% year-over-year).
- 2015: Revenue of $692K, expenses of $712K, and assets of $1.1M (revenue +0.8% year-over-year).
- 2014: Revenue of $686K, expenses of $695K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2013: Revenue of $688K, expenses of $661K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeast Minnesota Association Of Realtors Inc:
Data Sources and Methodology
This transparency report for Southeast Minnesota 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.