Civic Intelligence

Wisconsin Realtors Association Inc

EIN 39-0782674 • 501(c)6 • Madison, WI

Profile

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.

4801 Forest Run Road 201Madison, WI 53704

www.wra.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.25x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.66x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$487,625

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

44%

Faster revenue growth than 88% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,039,878

Up $3,169,259 (+14%) from 2023

Liabilities

Up

$6,341,356

Up $105,836 (+1.7%) from 2023

Net Assets

Up

$18,698,522

Up $3,063,423 (+20%) from 2023

Revenue

Up

$9,610,362

Up $2,925,221 (+44%) from 2023

Expenses

Down

$7,474,391

Down $130,094 (-1.7%) from 2023

Net Income

Up

$2,135,971

Up $3,055,315 (+332%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $7,564,624Liabilities 2010: $1,852,489Net Assets 2010: $5,712,1352010Assets 2011: $6,954,087Liabilities 2011: $1,606,569Net Assets 2011: $5,347,5182011Assets 2012: $7,126,281Liabilities 2012: $1,337,295Net Assets 2012: $5,788,9862012Assets 2013: $8,162,063Liabilities 2013: $1,454,876Net Assets 2013: $6,707,1872013Assets 2014: $8,855,287Liabilities 2014: $1,580,846Net Assets 2014: $7,274,4412014Assets 2015: $9,008,104Liabilities 2015: $1,432,296Net Assets 2015: $7,575,8082015Assets 2016: $9,972,294Liabilities 2016: $1,543,567Net Assets 2016: $8,428,7272016Assets 2017: $11,647,371Liabilities 2017: $1,662,572Net Assets 2017: $9,984,7992017Assets 2018: $12,561,964Liabilities 2018: $1,478,137Net Assets 2018: $11,083,8272018Assets 2019: $13,599,938Liabilities 2019: $1,510,779Net Assets 2019: $12,089,1592019Assets 2020: $19,442,114Liabilities 2020: $5,380,092Net Assets 2020: $14,062,0222020Assets 2021: $21,391,509Liabilities 2021: $5,963,608Net Assets 2021: $15,427,9012021Assets 2022: $21,026,159Liabilities 2022: $5,540,870Net Assets 2022: $15,485,2892022Assets 2023: $21,870,619Liabilities 2023: $6,235,520Net Assets 2023: $15,635,0992023Assets 2024: $25,039,878Liabilities 2024: $6,341,356Net Assets 2024: $18,698,5222024

Highlighted filing

2024

Assets$25,039,878
Liabilities$6,341,356
Net Assets$18,698,522

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $6,120,7712010Expenses 2011: $5,758,9612011Expenses 2012: $4,981,0362012Revenue 2013: $5,990,335Expenses 2013: $5,049,519Net Income 2013: $940,8162013Revenue 2014: $5,793,828Expenses 2014: $5,483,046Net Income 2014: $310,7822014Revenue 2015: $6,192,965Expenses 2015: $5,623,304Net Income 2015: $569,6612015Revenue 2016: $6,284,636Expenses 2016: $5,619,615Net Income 2016: $665,0212016Revenue 2017: $6,826,264Expenses 2017: $5,723,034Net Income 2017: $1,103,2302017Revenue 2018: $7,005,222Expenses 2018: $6,248,018Net Income 2018: $757,2042018Revenue 2019: $7,636,862Expenses 2019: $6,482,557Net Income 2019: $1,154,3052019Revenue 2020: $3,842,893Expenses 2020: $1,580,903Net Income 2020: $2,261,9902020Revenue 2021: $7,218,750Expenses 2021: $6,614,427Net Income 2021: $604,3232021Revenue 2022: $8,927,246Expenses 2022: $7,393,731Net Income 2022: $1,533,5152022Revenue 2023: $6,685,141Expenses 2023: $7,604,485Net Income 2023: -$919,3442023Revenue 2024: $9,610,362Expenses 2024: $7,474,391Net Income 2024: $2,135,9712024

Highlighted filing

2024

Revenue$9,610,362
Expenses$7,474,391
Net Income$2,135,971

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$6.34$18.7$9.61$7.47$2.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$6.24$15.6$6.69$7.60$0.92
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$5.54$15.5$8.93$7.39$1.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$5.96$15.4$7.22$6.61$0.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$5.38$14.1$3.84$1.58$2.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$1.51$12.1$7.64$6.48$1.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$1.48$11.1$7.01$6.25$0.76
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$1.66$9.98$6.83$5.72$1.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.97$1.54$8.43$6.28$5.62$0.67
2015Detailed filing. Detailed filing data is available for this year.$9.01$1.43$7.58$6.19$5.62$0.57
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.86$1.58$7.27$5.79$5.48$0.31
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.16$1.45$6.71$5.99$5.05$0.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$1.34$5.79$4.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.95$1.61$5.35$5.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.56$1.85$5.71$6.12
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$9,952,217
Mission and Program 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.

To unite local boards of realtors, hereinafter referred to as boards and their members, and individual members, in the state of wisconsin for the purpose of serving its members and the national association of realtors in conjunction with local boards of realtors by furnishing programs and services that promote an environment in which its members may successfully conduct their individual businesses 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$432,056$9,964,693▲ $9,532,637
Investments in Publicly Traded Securities$17,869,769$6,982,240▼ $10,887,529
Cash and Non-Interest-Bearing Accounts$385$1,486,050▲ $1,485,665
Land, Buildings, and Equipment, Net$1,450,207$1,359,404▼ $90,803
Prepaid Expenses and Deferred Charges$194,339$209,944▲ $15,605
Accounts Receivable$110,379$105,574▼ $4,805
Inventories for Sale or Use$37,510$40,479▲ $2,969
Intangible Assets$0$14,602▲ $14,602
Total Assets$21,391,509$21,026,159▼ $365,350
Other Assets Total$1,296,864$863,173▼ $433,691
Liabilities
Deferred Revenue$3,524,768$3,515,491▼ $9,277
Other Liabilities$1,236,314$1,380,134▲ $143,820
Accounts Payable and Accrued Expenses$1,202,526$645,245▼ $557,281
Total Liabilities$5,963,608$5,540,870▼ $422,738
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,427,901$15,485,289▲ $57,388
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$15,427,901$15,485,289▲ $57,388
Total Liabilities and Net Assets / Fund Balance$21,391,509$21,026,159▼ $365,350

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$652,940$912,440$1,565,380
Equipment$163,010$978,690$1,141,700
Other Land Buildings$206,374$145,103$351,477
Land$301,517-$301,517
Leasehold Improvements$35,563$116,287$151,850
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael TheoPresident and CEOFT$306,143$118,194$424,337
Thomas LarsonExecutive Vice PresidentFT$266,852$66,953$333,805
Stephanie LarsonChief Financial OfficerFT$172,734$49,427$222,161
Cori LamontSr Director of Legal and Public AffairsFT$191,473$14,945$206,418
Cori LamontSr Director of Legal and Public Affa-$184,365$22,053$206,418
Earl MurrayDirector of Political and Gov AffairsFT$132,032$7,979$140,011
Kristi MikalsenVice President Professional DevelopmentFT$129,935$7,853$137,788
Andrew MckenzieDatabase DeveloperFT$120,773$9,604$130,377
Debra LloydSenior Attorney & Director of Legal AffairsFT$118,739$9,481$128,220
Bradley LoisChair of the Board-$1,780-$1,780
Maxelle ReaVice President-$280-$280

Board Members and Trustees

NameTitle
Joseph HorningChair of the Board-elect
Mary DuffImmediate Past Chair
Peter SveumWra Past Chair of the Board
Terry HilgenbergWra Past Chair of the Board
Chris DevincentisVice President
Craig StanleyAt-large Director
Sr MillsAt-large Director
David StarkRegional Company Director
Kathryn Voller ReinkingRegional Company Director
Rob RybarczykRegional Company Director
Ryan FulcerRegional Company Director
Thomas SykoraRegional Company Director
Brian SlinkmanRegional Representative Director
Diane Campshure WalczykRegional Representative Director
Laurie LoganRegional Representative Director
Michael KuneshRegional Representative Director
Shawn GovernRegional Representative Director
Stacey MckinneyRegional Representative Director
Steven LillestrandRegional Representative Director
Thomas KeefeRegional Representative Director
Deborah CappelloStatewide Company Director
John HorningStatewide Company Director
Shawna AltStatewide Company Director
Erik SjowallCurrent Nar Leadership
Mary Jo BoweTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Schumann Printers INCPrintingPO BOX 128, Fall River, WI 53932$127,963
Sva Consulting LLCConsulting1221 JOHN Q HAMMONS DR, Madison, WI 53717$113,248
AlphagraphicsPrinting1058 E WASHINGTON AVE, Madison, WI 53703$105,687
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,542,947
Investment Income
$234,997
Other Revenue
$149,302
Change in Net Assets
$1,533,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,824,561
Other Expenses$3,569,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,195,278
Current Officers, Directors, Trustees, and Key Employees---$995,303
Conferences and Meetings---$538,653
Office Expenses---$523,827
Fees for Services Other---$414,199
Occupancy---$234,548
Other Employee Benefits---$234,520
Information Technology---$225,350
Fees for Services Lobbying---$220,375
Payroll Taxes---$209,116
Travel---$207,549
Pension Plan Contributions---$190,344
Depreciation Depletion---$187,043
Fees for Services Legal---$96,618
Advertising---$49,604
Other Expenses---$45,766
All Other Expenses---$38,500
Fees for Service Investment Mgmnt Fees---$37,225
Insurance---$30,643
Fees for Services Accounting---$13,908
Total Functional Expenses$0$0$0$7,393,731
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$760,535
Total Nondeductible Lobbying and Political Cost$760,535
Political Expenditures$4,419
Section 527 Activity Spending$4,419
Total Exempt Function Spending$4,419
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Obligation$694,122
Due to Wisconsin Homeowners Alliance, Inc.$357,245
Due to Wisconsin Realtors Association, Inc.$178,622
Operating Lease Liabilities$150,055
Due to Wisconsin Realtors Political Fund$50
Due to Wisconsin Realtors Foundation, Inc.$40
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Joseph horning and john horning have a family and business relationship.

Form 990, Part VI, Section A, Line 6

The association has members from wi with the right to participate in the organization's governance. The members of the association consist of six classes: (1) member boards, (2) board members, (3) individual members, (4) institute affiliate members, (5) affiliate members, (6) honorary members. Board members and individual members shall be active members of the association.

Form 990, Part VI, Section A, Line 7A

The statewide company directors and the regional company directors are chosen by the company as defined in the organization's by-laws. The regional representative directors are chosen by the nominating committee. The nominating committee also confirms that an individual is actively seeking or holding a nar leadership team position or a nar regional vice president position. The regional representative, nar leadership team position and nar regional vice president position are approved/elected by the board of directors. The past chairman of the board (or past president director) (2) are selected by the past chairman council. The at-large directors are chosen by the chairman.

Form 990, Part VI, Section A, Line 7B

Amendments to these bylaws affecting the admission or qualification of active members and institute affiliate members, the use of the terms realtor or realtors or any alteration in the territorial jurisdiction of the member board shall become effective upon the approval of the board of directors of the national association of realtors. When bylaws amendments are mandated by national association of realtors policy, these bylaws may be automatically amended to reflect the mandate as of the effective date of the mandatory policy authorized by national association of realtors. The wra shall provide notice of that change in a regular or special membership communication.

Form 990, Part VI, Section B, Line 11B

The officers, executive committee, and board of directors review the audited financial statements. Management, including the president, review the 990 before it is filed with the internal revenue service. Management emails the 990 to the board of directors and they are given 5 days to review the form before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Annually, all the members of certain committees and the board, including officers, are required to sign a form to disclose all conflicts of interest. The signed forms are kept at the association's office. In addition, at the beginning of each meeting the chairman asks the members if they have any conflicts with items on the proposed agenda.

Form 990, Part VI, Section B, Line 15

Results of the local area trade association salary survey are used (the survey is conducted periodically). Periodically, additional salary information sources are also consulted such as the american society of association executives (asae), the wisconsin society of association executives (wsae) and the national association of realtors (nar). Officers review and approve all staff salaries (as an aggregate and not individually) as part of the budget process not in separate action/review. The president's salary, performance and contract are reviewed separately by the officers biannually.

Form 990, Part VI, Section C, Line 19

No documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Wisconsin Realtors Association Inc
EIN
39-0782674
Phone
6082412047
Address
4801 FOREST RUN ROAD 201, MADISON, WI 53704

Signing Officer

Name
Michael Theo
Title
President and CEO
Phone
6082412047
Signed
2023-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Theo
Formed
1925
Legal Domicile
Wi
Voting Board Members
27
Independent Board Members
27
Employees
42
Volunteers
138

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Jenny Tarkowski CPA
Phone
6082744020
Raw XML AppendixShowing 400 of 812 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO UNITE LOCAL BOARDS OF REALTORS, HEREINAFTER REFERRED TO AS BOARDS AND THEIR MEMBERS, AND INDIVIDUAL MEMBERS, IN THE STATE OF WISCONSIN FOR THE PURPOSE OF SERVING ITS MEMBERS AND THE NATIONAL ASSOCIATION OF REALTORS IN CONJUNCTION WITH LOCAL BOARDS OF REALTORS BY FURNISHING PROGRAMS AND SERVICES THAT PROMOTE AN ENVIRONMENT IN WHICH ITS MEMBERS MAY SUCCESSFULLY CONDUCT THEIR INDIVIDUAL BUSINESSES 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7STATEWIDE COMPANY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8STATEWIDE COMPANY DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10REGIONAL COMPANY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11REGIONAL COMPANY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12REGIONAL COMPANY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13REGIONAL COMPANY DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16REGIONAL REPRESENTATIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17REGIONAL REPRESENTATIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18REGIONAL REPRESENTATIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19REGIONAL REPRESENTATIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20REGIONAL REPRESENTATIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21REGIONAL REPRESENTATIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt25WRA PAST CHAIR OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt26CURRENT NAR LEADERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30SR DIRECTOR OF LEGAL AND PUBLIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR OF POLITICAL AND GOV AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt32VICE PRESIDENT PROFESSIONAL DEVELOPMENT
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