APARTMENT ASSOCIATION OF GREATER M… - Form 990 Financial Data

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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

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

A NON-PROFIT TRADE ASSOCIATION DEDICATED TO UNIFYING RENTAL HOUSING PROFESSIONALS THROUGH EDUCATION, LEGISLATIVE ADVOCACY, AND MEMBER SERVICES.

Program Service Accomplishments

Program 1

TO REPRESENT APARTMENT OWNERS IN LOBBYING AND OTHER PUBLIC ISSUES. HELD MONTHLY LUNCHEONS TO UPDATE MEMBERS ON CURRENT ISSUES. A NEWSLETTER WAS DISTRIBUTED FOR ALL MEMBERS ON A REGULAR BASIS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$88,364

Total Directors

Key Employees

Highest Compensated

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

APARTMENT ASSOCIATION OF GREATER MEMPHIS