ASSOCIATION PROPERTIES INC (EIN 042968080) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

CHERYL FASANO

Phone

4137345376

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION PROPERTIES INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $221K in total revenue in fiscal year 2024. Expenses of $204K left a modest 7% surplus.

Mission

PROVIDING RESIDENTIAL & SUPPORT SERVICES TO PEOPLE WITH DISABILITIES & OTHER VULNERABLE INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $218,175

Investment Income $22

Other Revenue $2,450

TOTAL REVENUE $220,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,087

Other Expenses $204,404

TOTAL EXPENSES $204,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,647	$214,813	+0.0%
Expenses	$204,404	$191,421	+0.1%
Net Income	$16,243	$23,392	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$464,607

Total Directors

$272,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL FASANO	PRESIDENT & CEO	1.00	Officer Director	$0	$17,556	$272,784
JACQUELINE JOHNSON	DIRECTOR (EFF 10/2024)	0.00	Director	$0	$0	$0
DONNA-RAE KENNEALLY	VICE CHAIR	0.00	Officer Director	$0	$0	$0
JOSEPH LEPPER	TREASURER	0.00	Officer Director	$0	$0	$0
DEE CADY	CLERK	0.00	Officer Director	$0	$0	$0
DENISE COGMAN	DIRECTOR	0.00	Director	$0	$0	$0
MARIA PUPPOLO	DIRECTOR (THRU 10/2024)	0.00	Director	$0	$0	$0
EARL MILLER	DIRECTOR	0.00	Director	$0	$0	$0
MAUREEN BABINEAU	DIRECTOR	0.00	Director	$0	$0	$0
JANETTE VIGO	DIRECTOR	0.00	Director	$0	$0	$0
DARLENE LIBISZEWSKI	DIRECTOR	0.00	Director	$0	$0	$0
NEAL LAKRITZ MD	DIRECTOR	0.00	Director	$0	$0	$0
NANCY MIRKIN	CHAIR	0.00	Officer Director	$0	$0	$0
SARAH SMITH	VICE PRESIDENT OF FINANCE	1.00	Officer	$0	$14,523	$191,823

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$220,647	$204,404	$207,250	$16,243
2024	$214,813	$191,421	$212,145	$23,392
2023	$212,233	$216,814	$233,987	$-4,581
2022	$279,183	$274,263	$308,434	$4,920
2021	$292,830	$227,429	$338,989	$65,401

ASSOCIATION PROPERTIES INC