Civic Intelligence

Three Rivers Association of Realtors Inc

990 • Fiscal year 2020 • EIN 36-2812883

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 12, 2021

303 Springfield AveJoliet, IL 60435-8237

(815) 744-4520

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.33x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.47x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

17th percentile

-10%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$131,300

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 31.0% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$612,074

No earlier filing loaded for comparison.

Net Assets

$412,647

No earlier filing loaded for comparison.

Liabilities

$199,427

No earlier filing loaded for comparison.

Revenue

$423,271

No earlier filing loaded for comparison.

Expenses

$467,393

No earlier filing loaded for comparison.

Net Income

-$44,122

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2020: $612,074Liabilities 2020: $199,427Net Assets 2020: $412,6472020Assets 2021: $614,208Liabilities 2021: $204,279Net Assets 2021: $409,9292021Assets 2022: $484,020Liabilities 2022: $131,630Net Assets 2022: $352,3902022Assets 2023: $508,062Liabilities 2023: $143,318Net Assets 2023: $364,7442023Assets 2024: $487,161Liabilities 2024: $139,678Net Assets 2024: $347,4832024Assets 2025: $690,648Liabilities 2025: $128,915Net Assets 2025: $561,7332025

Highlighted filing

2020

Assets$612,074
Liabilities$199,427
Net Assets$412,647

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2020: $423,271Expenses 2020: $467,393Net Income 2020: -$44,1222020Revenue 2021: $482,452Expenses 2021: $485,170Net Income 2021: -$2,7182021Revenue 2022: $551,491Expenses 2022: $609,030Net Income 2022: -$57,5392022Revenue 2023: $460,114Expenses 2023: $447,760Net Income 2023: $12,3542023Revenue 2024: $516,767Expenses 2024: $534,028Net Income 2024: -$17,2612024Revenue 2025: $710,600Expenses 2025: $496,350Net Income 2025: $214,2502025

Highlighted filing

2020

Revenue$423,271
Expenses$467,393
Net Income-$44,122
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 12, 2021
Return Version
2019v5.0
Gross Receipts
$750,508
Mission and Program Overview

Mission

To unite those engaged in the recognized branches of real estate in order to promote and maintain high standards of conduct in the real estate profession and to further the interest of home and other real estate ownership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$472,705$474,504▲ $1,799
Land, Buildings, and Equipment, Net$142,257$134,715▼ $7,542
Prepaid Expenses and Deferred Charges$3,807--
Accounts Receivable$1,012$1,825▲ $813
Inventories for Sale or Use$903$1,030▲ $127
Total Assets$620,684$612,074▼ $8,610
Liabilities
Deferred Revenue$121,170$162,249▲ $41,079
Other Liabilities$16,164$29,489▲ $13,325
Accounts Payable and Accrued Expenses$26,581$7,689▼ $18,892
Total Liabilities$163,915$199,427▲ $35,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$456,769$412,647▼ $44,122
Total Net Assets Fund Balance$456,769$412,647▼ $44,122
Total Liabilities and Net Assets / Fund Balance$620,684$612,074▼ $8,610

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,128$323,805$357,933
Buildings$55,087$235,893$290,980
Land$45,500-$45,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David Mc ClintockC.e.o.FT$131,300$131,300
Edward Ruettigar IvPresidentPT$2,500$2,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$179,247
Investment Income
$4,220
Other Revenue
$239,804
Change in Net Assets
$-44,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$423,271
Revenue Not Reported on Form 990
$303,468
Total Revenue per Audited Statements
$726,739
Total Revenue per Form 990
$423,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$255,625
Other Expenses$211,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$237,116
All Other Expenses---$64,058
Conferences and Meetings---$20,798
Payroll Taxes---$18,509
Other Expenses---$13,511
Fees for Services Legal---$13,248
Information Technology---$12,849
Fees for Services Accounting---$12,480
Depreciation Depletion---$9,199
Insurance---$7,597
Office Expenses---$4,465
Advertising---$2,822
Total Functional Expenses$0$0$0$467,393

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$770,861
Expenses per Audited Statements$467,393
Total Expenses per Form 990$467,393
Expenses Not Reported on Form 990$303,468
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,597
Fundraising Direct Expenses$23,769
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing / H$30,597$30,597$8,164$22,433
Total Events$30,597$30,597$23,769$6,828
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Real Estate Taxes$14,160
Due to National and State Assoc.$11,588
Accrued Payroll & Liabilities$3,470
Sales Tax Payable$271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Management reviews form 990 on behalf of board of directors.

Form 990, Page 6, Part VI, Line 12C

Conflict on interest policy reviewed by board of directors. Annual certification acknowledgements signed by board of directors.

Form 990, Page 6, Part VI, Line 15A

Written employment agreement for chief executive officer approved by president, president elect and secretary / treasurer of the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents available upon request at association's business address during normal business hours.

Filing and Contact Details

Filer

Filer Name
Three Rivers Association
EIN
36-2812883
Phone
8157444520
Address
303 SPRINGFIELD AVE, JOLIET, IL 60435-8237

Signing Officer

Name
Neil Malone
Title
C.e.o
Phone
8157444520
Signed
2021-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Mc Clintock
Formed
1976
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
6

Preparer

Firm
Robert J Ripp & Associates
Address
20646 ABBEY WOODS CT N STE 103, FRANKFORT, IL 60423
Preparer
Robert J Ripp
Phone
8154691800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To unite those engaged in the recognized branches of real estate in order to promote and maintain high standards of conduct in the real estate profession and to further the interest of home and other real estate ownership.

Form 990, Page 2, Part III, Line 4D

REALTOR BOARD

Form 990, Part IX, Line 24E

Utilities 11,062 0 0 repairs and maintenance 9,729 0 0 equipment rental 9,289 0 0 telephone 8,777 0 0 dues & subscriptions 8,315 0 0 young professionals netwo 5,576 0 0 charitable contributions 3,335 0 0 directors fees 2,500 0 0 postage 2,471 0 0 leadership training 1,587 0 0 professional standards 1,417 0 0 total 64,058 0 0

Form 990, Part XI, Line 9

Cost of goods sold 303,468 cost of goods sold -303,468

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold 303,468

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 303,468

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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES & FEES
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IRS990/ProgramServiceRevenueGrp/Desc2ELECTRONIC FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0156557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23400
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03400
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE THE MEMBERSHIP WITH VARIOUS SUPPORTING SERVICES AND MATERIALS TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE ACCESS TO MULTIPLE LISTING SERVICES WITHIN THE WILL AND GRUNDY COUNTY AREAS FOR ITS MEMBERSHIP. (THIS PROGRAM IS CONSIDERED TO BE UNRELATED BUSINESS INCOME.)
IRS990/ProgSrvcAccomActyOtherGrp/Desc0REALTOR BOARD
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0501
IRS990/PYOtherExpensesAmt0536837
IRS990/PYOtherRevenueAmt021794
IRS990/PYProgramServiceRevenueAmt0758086
IRS990/PYRevenuesLessExpensesAmt0-28382
IRS990/PYSalariesCompEmpBnftPaidAmt0271926
IRS990/PYTotalExpensesAmt0808763
IRS990/PYTotalRevenueAmt0780381
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-44122
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0472705
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0474504
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt055087
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0235893
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0290980
IRS990ScheduleD/EquipmentGrp/BookValueAmt034128
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0323805
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0357933
IRS990ScheduleD/ExpensesNotReportedAmt0303468
IRS990ScheduleD/ExpensesSubtotalAmt0467393
IRS990ScheduleD/LandGrp/BookValueAmt045500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045500
IRS990ScheduleD/OtherExpensesIncludedAmt0303468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO NATIONAL AND STATE ASSOC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL & LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SALES TAX PAYABLE
IRS990ScheduleD/OtherRevenueAmt0303468
IRS990ScheduleD/RevenueNotReportedAmt0303468
IRS990ScheduleD/RevenueSubtotalAmt0423271
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 303,468
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 303,468
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0134715
IRS990ScheduleD/TotalExpensesPerForm990Amt0467393
IRS990ScheduleD/TotalLiabilityAmt029489
IRS990ScheduleD/TotalRevenuePerForm990Amt0423271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0726739
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0770861
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023769
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING / H
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt030597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030597
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06828
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01422
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01422
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08164
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08164
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014183
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014183
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF REAL ESTATE IN ORDER TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AND TO FURTHER THE INTEREST OF HOME AND OTHER REAL ESTATE OWNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REALTOR BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT REVIEWS FORM 990 ON BEHALF OF BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT ON INTEREST POLICY REVIEWED BY BOARD OF DIRECTORS. ANNUAL CERTIFICATION ACKNOWLEDGEMENTS SIGNED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WRITTEN EMPLOYMENT AGREEMENT FOR CHIEF EXECUTIVE OFFICER APPROVED BY PRESIDENT, PRESIDENT ELECT AND SECRETARY / TREASURER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AVAILABLE UPON REQUEST AT ASSOCIATION'S BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILITIES 11,062 0 0 REPAIRS AND MAINTENANCE 9,729 0 0 EQUIPMENT RENTAL 9,289 0 0 TELEPHONE 8,777 0 0 DUES & SUBSCRIPTIONS 8,315 0 0 YOUNG PROFESSIONALS NETWO 5,576 0 0 CHARITABLE CONTRIBUTIONS 3,335 0 0 DIRECTORS FEES 2,500 0 0 POSTAGE 2,471 0 0 LEADERSHIP TRAINING 1,587 0 0 PROFESSIONAL STANDARDS 1,417 0 0 TOTAL 64,058 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COST OF GOODS SOLD 303,468 COST OF GOODS SOLD -303,468
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0620684
IRS990/TotalAssetsEOYAmt0612074
IRS990/TotalAssetsGrp/BOYAmt0620684
IRS990/TotalAssetsGrp/EOYAmt0612074
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0467393
IRS990/TotalGrossUBIAmt0228538
IRS990/TotalLiabilitiesBOYAmt0163915
IRS990/TotalLiabilitiesEOYAmt0199427
IRS990/TotalLiabilitiesGrp/BOYAmt0163915
IRS990/TotalLiabilitiesGrp/EOYAmt0199427
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0456769
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0412647
IRS990/TotalProgramServiceRevenueAmt0179247
IRS990/TotalReportableCompFromOrgAmt0133800
IRS990/TotalRevenueGrp/ExclusionAmt011048
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0183685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0423271
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0228538
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0620684
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0612074
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0303 SPRINGFIELD AVE

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