Southwestern Michigan Board Of Realtors Inc
EIN: 381841476 · Saint Joseph, MI
| Metric | Value |
|---|---|
| Total Revenue | $696K |
| Total Expenses | $315K |
| Net Assets | $804K |
Is Southwestern Michigan Board 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 Southwestern Michigan Board Of Realtors Inc
Southwestern Michigan Board Of Realtors Inc (EIN: 381841476) is a nonprofit organization based in Saint Joseph, MI. The organization reported total revenue of $696K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwestern Michigan Board Of Realtors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwestern Michigan Board Of Realtors Inc is a small nonprofit that has been operating for 55 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $425K |
| Total Expenses | $315K |
| Surplus / Deficit | +$109K |
| Total Assets | $827K |
| Total Liabilities | $23K |
| Net Assets | $804K |
| Operating Margin | 25.8% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 31.5 months |
Financial Health Grade: A
In 2023, Southwestern Michigan Board Of Realtors Inc reported a surplus of $109K with revenue exceeding expenses, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Southwestern Michigan Board Of Realtors Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | +1.1% | +15.1% |
| 2022 | +13.9% | -12.2% | -10.5% |
| 2020 | +7.5% | +29.0% | -19.1% |
| 2019 | +11.6% | +6.4% | +14.5% |
| 2018 | +8.9% | -14.2% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southwestern Michigan Board 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 Southwestern Michigan Board 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 $109K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Southwestern Michigan Board Of Realtors Inc
Is Southwestern Michigan Board Of Realtors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwestern Michigan Board Of Realtors Inc (EIN: 381841476) insufficient data. 0 red flags identified, 0 strengths noted.
How does Southwestern Michigan Board Of Realtors Inc spend its money?
Detailed spending breakdown data is not yet available for Southwestern Michigan Board Of Realtors Inc. Check back for updated IRS 990 analysis.
Are donations to Southwestern Michigan Board Of Realtors Inc tax-deductible?
Southwestern Michigan Board Of Realtors Inc is registered as a tax-exempt nonprofit (EIN: 381841476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southwestern Michigan Board Of Realtors Inc located?
Southwestern Michigan Board Of Realtors Inc is headquartered in Saint Joseph, Michigan and files with the IRS under EIN 381841476.
How many years of IRS 990 filings does Southwestern Michigan Board Of Realtors Inc have?
Southwestern Michigan Board Of Realtors Inc has 11 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 $696K in total revenue.
Filing History
IRS 990 filing history for Southwestern Michigan Board Of Realtors Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Southwestern Michigan Board Of Realtors Inc's revenue has grown by 104.2%, moving from $208K to $425K. Total assets increased by 35.6% over the same period, from $610K to $827K. Total functional expenses rose by 18.1%, from $267K to $315K. In its most recent filing year (2023), Southwestern Michigan Board Of Realtors Inc reported a surplus of $109K, with revenue exceeding expenses. The organization holds $23K in liabilities against $827K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $804K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $425K | $315K | $827K | $23K | — | View 990 |
| 2022 | $451K | $312K | $719K | $28K | — | — |
| 2020 | $396K | $356K | $803K | $334K | — | View 990 |
| 2019 | $368K | $276K | $993K | $564K | — | View 990 |
| 2018 | $330K | $259K | $867K | $525K | — | View 990 |
| 2017 | $303K | $302K | $749K | $477K | — | View 990 |
| 2016 | $302K | $291K | $743K | $473K | — | View 990 |
| 2015 | $309K | $293K | $689K | $430K | — | View 990 |
| 2014 | $307K | $262K | $672K | $428K | — | View 990 |
| 2013 | $221K | $258K | $621K | $422K | — | View 990 |
| 2012 | $208K | $267K | $610K | $375K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $425K, expenses of $315K, and assets of $827K (revenue -5.7% year-over-year).
- 2022: Revenue of $451K, expenses of $312K, and assets of $719K (revenue +13.9% year-over-year).
- 2020: Revenue of $396K, expenses of $356K, and assets of $803K (revenue +7.5% year-over-year).
- 2019: Revenue of $368K, expenses of $276K, and assets of $993K (revenue +11.6% year-over-year).
- 2018: Revenue of $330K, expenses of $259K, and assets of $867K (revenue +8.9% year-over-year).
- 2017: Revenue of $303K, expenses of $302K, and assets of $749K (revenue +0.1% year-over-year).
- 2016: Revenue of $302K, expenses of $291K, and assets of $743K (revenue -2.1% year-over-year).
- 2015: Revenue of $309K, expenses of $293K, and assets of $689K (revenue +0.5% year-over-year).
- 2014: Revenue of $307K, expenses of $262K, and assets of $672K (revenue +39.0% year-over-year).
- 2013: Revenue of $221K, expenses of $258K, and assets of $621K (revenue +6.2% year-over-year).
- 2012: Revenue of $208K, expenses of $267K, and assets of $610K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwestern Michigan Board Of Realtors Inc:
Data Sources and Methodology
This transparency report for Southwestern Michigan Board 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.