APARTMENT ASSOCIATION OF GREATER MEMPHIS

EIN: 200210760

MEMPHIS, TN

Total Revenue
$556,752
Total Expenses
$448,141
Total Assets
$339,610
Net Assets
$339,610
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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
2003
Legal Domicile
TN
Principal Officer
ROBIN RIGGINS
Phone
9016859108
Tax Period
2024-01-01 to 2024-12-31

APARTMENT ASSOCIATION OF GREATER MEMPHIS, founded in 2003, is a small nonprofit that reported $557K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $109K, a strong 20% operating margin.

Mission

BUSINESS LEAGUE FOR RENTAL REAL ESTATE PROFESSIONALS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $285,467
Program Service Revenue $212,913
Investment Income $3,624
Other Revenue $54,748
TOTAL REVENUE $556,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,602
Fundraising Expenses $0
Other Expenses $325,539
TOTAL EXPENSES $448,141

Year-over-Year Comparison

2024 2023 Change
Revenue $556,752 $468,113 +0.2%
Expenses $448,141 $467,410 0.0%
Net Income $108,611 $703 +153.5%
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

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Governance

Voting Members
17
Independent Members
17
Employees
2
Volunteers
115

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
4
$88,364
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMIE BREWER BOARD MEMBER 1.00
Director
$0 $0 $0
WENDI REINMANN BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH WIGLEY PRESIDENT - ELECT 1.00
Officer Director
$0 $0 $0
TORI EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
KERIE PETROFF BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA MORGAN PRESIDENT 1.00
Officer Director
$0 $0 $0
KATY BURRESS BOARD MEMBER 1.00
Director
$0 $0 $0
KIRSTEN JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT BEARD BOARD MEMBER 1.00
Director
$0 $0 $0
TIFFANY BANKS BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE HAUSE BOARD MEMBER 1.00
Director
$0 $0 $0
KIM YOUNG SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
TIFFANY COLLUM ASSOCIATES COUNCIL CHAIR 1.00
Director
$0 $0 $0
CHRISTINA FOX COMMUNITY INVOLVEMENT 1.00
Director
$0 $0 $0
GRETCHEN PREUETT BOARD MEMBER 1.00
Director
$0 $0 $0
CANDICE LINDSEY BOARD MEMBER 1.00
Director
$0 $0 $0
MARANDA DOTY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN RIGGINS EXECUTIVE DIRECTOR 40.00
Officer
$83,114 $5,250 $88,364
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 No data No data No data No data
2024 $556,752 $448,141 $339,610 $108,611
2023 $468,113 $467,410 $230,999 $703
2022 $419,918 $417,519 $230,296 $2,399
2021 $347,196 $342,488 $227,897 $4,708
2020 $327,261 $350,597 $223,189 $-23,336
2019 $411,327 $397,445 $246,525 $13,882
2018 $330,766 $394,979 $232,643 $-64,213
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