CONNECTICUT APARTMENT ASSOCIATION INC (EIN 100006520) - 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

2001

Legal Domicile

Principal Officer

MORGAN MILLER

Phone

8603655725

Tax Period

2024-07-01 to 2025-06-30

CONNECTICUT APARTMENT ASSOCIATION INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $525K in total revenue in fiscal year 2024. Expenses of $502K left a modest 4% surplus.

Mission

TO ADVANCE AND PROTECT THE WELFARE OF THE APARTMENT INDUSTRY IN CONNECTICUT

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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 $531,033

Investment Income $16,781

Other Revenue $-22,434

TOTAL REVENUE $525,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,811

Fundraising Expenses $0

Other Expenses $320,233

TOTAL EXPENSES $502,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$525,380	$494,137	+0.1%
Expenses	$502,044	$389,554	+0.3%
Net Income	$23,336	$104,583	-0.8%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DRAGANA LACORE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MORGAN MILLER	PRESIDENT	1.00	Director	$0	$0	$0
LAUREN TAGLIATELA	SECRETARY	1.00	Director	$0	$0	$0
BRIAN LEMIRE	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW HARRISON	VP OF ASSOCIATE AFFAIRS	1.00	Officer Director	$0	$0	$0
STEVE WEIR	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
DANA ST PIERRE	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
NANCY PITT	DIRECTOR OF NORTHERN CT	1.00	Director	$0	$0	$0
KRYSTAL GARCIA	DIRECTOR OF SOUTHERN CT	1.00	Director	$0	$0	$0
CHRISTOPHER CRAMPTON	INCOMMING PRESIDENT	1.00	Director	$0	$0	$0
KELLY KILHAM	LIFETIME DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CHESSON	LIFETIME DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LUND	LIFETIME DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN GABOURY	LIFETIME DIRECTOR	1.00	Director	$0	$0	$0
CARRIE ROWLEY	LIFETIME DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DOLL	EXECUTIVE DIRECTOR	40.00	Highest	$109,237	$0	$109,237

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	$525,380	$502,044	$951,731	$23,336
2024	$494,137	$389,554	$577,054	$104,583
2023	$370,468	$273,751	$509,675	$96,717
2022	$248,147	$242,509	$286,075	$5,638
2021	$223,279	$165,191	$280,437	$58,088
2020	$263,464	$217,959	$231,559	$45,505
2019	$157,418	$207,250	$200,720	$-49,832
2018	$202,468	$218,789	$226,676	$-16,321

CONNECTICUT APARTMENT ASSOCIATION INC