Civic Intelligence

Williamson County Assoc of Realtors

990 • Fiscal year 2021 • EIN 74-1940749

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 12, 2022

123 E Old Settlers BlvdRound Rock, TX 78664

(512) 255-6211

Siviq Scores

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

Liabilities / Assets

87th percentile

0.51x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.86x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

79th percentile

25%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$74,725

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

68th percentile

19%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

32%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,690,370

Up $435,730 (+19%) from 2020

Net Assets

Up

$1,312,689

Up $404,841 (+45%) from 2020

Liabilities

Up

$1,377,681

Up $30,889 (+2.3%) from 2020

Revenue

Up

$1,592,855

Up $388,984 (+32%) from 2020

Expenses

Up

$1,188,014

Up $203,642 (+21%) from 2020

Net Income

Up

$404,841

Up $185,342 (+84%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,105,535Liabilities 2010: $1,474,682Net Assets 2010: $630,8532010Assets 2011: $2,044,031Liabilities 2011: $1,426,284Net Assets 2011: $617,7472011Assets 2012: $2,005,023Liabilities 2012: $1,393,465Net Assets 2012: $611,5582012Assets 2013: $2,037,438Liabilities 2013: $1,336,705Net Assets 2013: $700,7332013Assets 2014: $2,109,158Liabilities 2014: $1,439,968Net Assets 2014: $669,1902014Assets 2015: $2,165,770Liabilities 2015: $1,441,193Net Assets 2015: $724,5772015Assets 2016: $2,105,363Liabilities 2016: $1,420,074Net Assets 2016: $685,2892016Assets 2017: $2,044,528Liabilities 2017: $1,400,819Net Assets 2017: $643,7092017Assets 2018: $1,879,241Liabilities 2018: $1,274,602Net Assets 2018: $604,6392018Assets 2019: $2,043,941Liabilities 2019: $1,355,592Net Assets 2019: $688,3492019Assets 2020: $2,254,640Liabilities 2020: $1,346,792Net Assets 2020: $907,8482020Assets 2021: $2,690,370Liabilities 2021: $1,377,681Net Assets 2021: $1,312,6892021Assets 2022: $3,117,942Liabilities 2022: $1,406,559Net Assets 2022: $1,711,3832022Assets 2024: $3,728,004Liabilities 2024: $1,154,498Net Assets 2024: $2,573,5062024

Highlighted filing

2021

Assets$2,690,370
Liabilities$1,377,681
Net Assets$1,312,689

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $424,5912010Expenses 2011: $395,1922011Revenue 2012: $394,061Expenses 2012: $400,250Net Income 2012: -$6,1892012Revenue 2013: $435,802Expenses 2013: $346,627Net Income 2013: $89,1752013Revenue 2014: $466,371Expenses 2014: $421,089Net Income 2014: $45,2822014Revenue 2015: $568,453Expenses 2015: $513,066Net Income 2015: $55,3872015Revenue 2016: $554,335Expenses 2016: $593,623Net Income 2016: -$39,2882016Revenue 2017: $701,708Expenses 2017: $743,288Net Income 2017: -$41,5802017Revenue 2018: $826,842Expenses 2018: $865,912Net Income 2018: -$39,0702018Revenue 2019: $1,036,570Expenses 2019: $952,860Net Income 2019: $83,7102019Revenue 2020: $1,203,871Expenses 2020: $984,372Net Income 2020: $219,4992020Revenue 2021: $1,592,855Expenses 2021: $1,188,014Net Income 2021: $404,8412021Revenue 2022: $1,812,751Expenses 2022: $1,414,057Net Income 2022: $398,6942022Revenue 2024: $1,223,353Expenses 2024: $960,240Net Income 2024: $263,1132024

Highlighted filing

2021

Revenue$1,592,855
Expenses$1,188,014
Net Income$404,841
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 12, 2022
Return Version
2021v4.0
Gross Receipts
$1,603,270
Mission and Program Overview

Mission

Provide training and guidance to realtors

WCREALTORS is a voice and resource for REALTORS in Williamson County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,581,765$1,553,025▼ $28,740
Cash and Non-Interest-Bearing Accounts$396,390$835,193▲ $438,803
Savings and Temporary Cash Investments$237,041$237,112▲ $71
Accounts Receivable$11,265$34,342▲ $23,077
Prepaid Expenses and Deferred Charges$7,038$12,516▲ $5,478
Inventories for Sale or Use$9,665$7,436▼ $2,229
Investments Program Related$6,000$6,000→ $0
Intangible Assets$5,476$4,746▼ $730
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Total Assets$2,254,640$2,690,370▲ $435,730
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$984,776$951,443▼ $33,333
Deferred Revenue$331,244$353,175▲ $21,931
Accounts Payable and Accrued Expenses$30,772$48,080▲ $17,308
Other Liabilities-$24,983-
Total Liabilities$1,346,792$1,377,681▲ $30,889
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$907,848$1,312,689▲ $404,841
Total Net Assets Fund Balance$907,848$1,312,689▲ $404,841
Total Liabilities and Net Assets / Fund Balance$2,254,640$2,690,370▲ $435,730

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$993,214$470,776$1,463,990
Land$527,719-$527,719
Equipment$294$79,848$80,142
Other Land Buildings$673$44,801$45,474
Leasehold Improvements$31,125$4,910$36,035
Investment Program Related Org$6,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather BonamoCEOFT$72,640$2,085$74,725
Regina TuttleCEOFT$39,027$1,364$40,391
Bryan HutchinsonCEOFT$31,973$2,293$34,266

Board Members and Trustees

NameTitle
Cyndi BellPast President
Kriston WoodPresident
Amanda KeeleyDirector
Amy KobzaDirector
Belinda PayneDirector
Chris RodriguezDirector
Gregory HodgeDirector
Julie FloydDirector
Kristi SanguinetDirector
Tamara NelsonDirector
Tara KnightDirector
Michele SherwoodPres-Elect
Kimberly DaleSecretary
Jennifer TuckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,210
Program Service Revenue
$1,557,675
Investment Income
$70
Other Revenue
$32,900
All Other Contributions
$2,210
Change in Net Assets
$404,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$833,814
Salaries, Compensation, and Employee Benefits$354,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$168,654
Current Officers, Directors, Trustees, and Key Employees---$143,640
All Other Expenses---$105,751
Other Expenses---$48,428
Interest---$48,175
Occupancy---$42,381
Fees for Services Accounting---$39,100
Depreciation Depletion---$38,718
Office Expenses---$32,524
Payroll Taxes---$23,875
Other Employee Benefits---$14,922
Fees for Services Legal---$5,221
Pension Plan Contributions---$3,109
Total Functional Expenses$0$0$0$1,188,014
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency funds$24,983
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

REALTOR Members, whether primary or secondary shall be:Individuals who, as sole proprietors, partners, corporate officers, or branch officemanagers, are engaged actively in the real estate profession, including buying,selling, exchanging, renting or leasing, managing, appraising for others for compensation, counseling, building, developing or subdividing real estate, andwho maintain or are associated with an established real estate office in the stateof Texas or a state contiguous thereto. All persons who are partners in a partnership, or all officers in a corporation who are actively engaged in the realestate profession within the state or a state contiguous thereto shall qualify forREALTOR membership only, and each is required to hold REALTOR membership (except as provided in the following paragraph) in an association of REALTORS within the state or a state contiguous thereto, unless otherwise qualified for Institute Affiliate membership.In the case of a real estate firm, partnership, or corporation whose business activity is substantially all commercial, only those principals actively engaged in the real estate business, in connection with the same office, or any other offices within the jurisdiction of the association in which one of the firm's principals holds REALTOR membership, shall be required to hold REALTOR membership unless otherwise qualified for Institute Affiliate membership.Individuals who are engaged in the real estate profession other than as soleproprietors, partners, corporate officers, or branch office managers and areassociated with a REALTOR member and meet the qualifications.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Primary REALTOR members in good standing whose dues have been paid for the current billing cycle may vote in the Director election.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Members can remove officers and directors from office and approve amendments to the Association's bylaws.

Form 990, Part VI, Line 11B: Form 990 Review Process

The return was prepared by the Association's CPA. The CEO reviewed the return before it was filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Association's independent Board draws upon other board experience, business experience, discussions with other organizations, and any other sources considered necessary to determine compensation for the CEO.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Certain other documents available upon request.

Filing and Contact Details

Filer

Filer Name
Williamson County Association
EIN
74-1940749
Phone
5122556211
Address
123 E Old Settlers Blvd, Round Rock, TX 78664

Signing Officer

Name
Heather Bonamo
Title
CEO
Signed
2022-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Bonamo
Formed
1973
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
11
Volunteers
14

Preparer

Firm
Dunagan Jack LLP
Address
4833 Spicewood Springs Rd Ste 102, Austin, TX 78759
Preparer
Gary Joseph Jack
Phone
5124208997
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: AFFILIATE MEMBERSWCREALTORS members benefited from the Associations affiliate members. These include mortgage lenders, title companies, builders, inspectors, appraisers and other industry related companies. WCREALTORS is an ideal forum for developing new business with the various professionals within a multi-faceted industry.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Pres-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990/MissionDesc0The objectives of WCREALTORS are (1) to unite those engaged in the recognized branches of the real estate profession for the purpose of exerting a beneficial influence upon the profession and related interest, (2) to promote and maintain high standards of conduct in the real estate profession as expressed in the Code of Ethics of the National Association of REALTORS, (3) to provide a unified medium for real estate owners and those engaged in the real estate profession whereby their interests may be safeguarded and advanced, (4) to further the interests of real property ownership, (5) to unite those engaged in the real estate profession in Williamson County with the Texas REALTORS and the National Association of REALTORS, thereby furthering their own objectives throughout the state and nation and obtaining the benefits and privileges of membership therein, (6) to designate, for the benefit of the public, those individuals authorized to use the terms REALTOR and REALTORS as licensed, pre
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IRS990/PrincipalOfficerNm0Heather Bonamo
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IRS990/ProgramServiceRevenueGrp/Desc1Member events
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IRS990/ProgSrvcAccomActy2Grp/Desc0RELIABLE INFORMATION & MARKETING TOOLSWCREALTORS provided members with comprehensive selections of marketing tools and services that provided the best opportunities for increasing visibility and commercialism.
IRS990/ProgSrvcAccomActy3Grp/Desc0GOVERNMENT REPRESENTATIONWCREALTORS allowed members to stay abreast of local, state and national legislation affecting the real estate industry.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: AFFILIATE MEMBERSWCREALTORS members benefited from the Associations affiliate members. These include mortgage lenders, title companies, builders, inspectors, appraisers and other industry related companies. WCREALTORS is an ideal forum for developing new business with the various professionals within a multi-faceted industry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REALTOR Members, whether primary or secondary shall be:Individuals who, as sole proprietors, partners, corporate officers, or branch officemanagers, are engaged actively in the real estate profession, including buying,selling, exchanging, renting or leasing, managing, appraising for others for compensation, counseling, building, developing or subdividing real estate, andwho maintain or are associated with an established real estate office in the stateof Texas or a state contiguous thereto. All persons who are partners in a partnership, or all officers in a corporation who are actively engaged in the realestate profession within the state or a state contiguous thereto shall qualify forREALTOR membership only, and each is required to hold REALTOR membership (except as provided in the following paragraph) in an association of REALTORS within the state or a state contiguous thereto, unless otherwise qualified for Institute Affiliate membership.In the case of a real estate firm, partnership, or corporation whose business activity is substantially all commercial, only those principals actively engaged in the real estate business, in connection with the same office, or any other offices within the jurisdiction of the association in which one of the firm's principals holds REALTOR membership, shall be required to hold REALTOR membership unless otherwise qualified for Institute Affiliate membership.Individuals who are engaged in the real estate profession other than as soleproprietors, partners, corporate officers, or branch office managers and areassociated with a REALTOR member and meet the qualifications.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Primary REALTOR members in good standing whose dues have been paid for the current billing cycle may vote in the Director election.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$1.15$2.57$1.22$0.96$0.26
2022Summary only. Only limited summary data is available for this year.$3.12$1.41$1.71$1.81$1.41$0.40
2021Detailed filing. Detailed filing data is available for this year.$2.69$1.38$1.31$1.59$1.19$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$1.35$0.91$1.20$0.98$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$1.36$0.69$1.04$0.95$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$1.27$0.60$0.83$0.87$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$1.40$0.64$0.70$0.74$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$1.42$0.69$0.55$0.59$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$1.44$0.72$0.57$0.51$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.11$1.44$0.67$0.47$0.42$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.04$1.34$0.70$0.44$0.35$0.09
2012Summary only. Only limited summary data is available for this year.$2.01$1.39$0.61$0.39$0.40$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$1.43$0.62$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$1.47$0.63$0.42
Peer Organizations

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