Pennsylvania Apartment Association

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

CAROL CHRISTNER

Phone

6106641800

Tax Period

2024-01-01 to 2024-12-31

Pennsylvania Apartment Association, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 4% surplus.

Mission

THE PENNSYLVANIA APARTMENT ASSOCIATION EMPOWERS OUR MEMBERS THROUGH EFFECTIVE LEGISLATIVE ADVOCACY, EDUCATION, AND COLLABORATIVE STATEWIDE PARTNERSHIPS.

Program Service Accomplishments

Program 1

THE ASSOCIATION HOSTS THE FOLLOWING MEETINGS AND EVENTS ANNUALLY: 1) APARTogether Expo- AN ANNUAL INDUSTRY EXPOSITION WHERE EDUCATIONAL SEMINARS ARE HELD AND MEMBERS HAVE THE OPPORTUNITY TO SHOW...

THE ASSOCIATION HOSTS THE FOLLOWING MEETINGS AND EVENTS ANNUALLY: 1) APARTogether Expo- AN ANNUAL INDUSTRY EXPOSITION WHERE EDUCATIONAL SEMINARS ARE HELD AND MEMBERS HAVE THE OPPORTUNITY TO SHOW THEIR BUSINESSES. 2) KEYSTONE AWARDS - AN ANNUAL AWARDS PROGRAM TO RECOGNIZE THE BEST APARTMENT OWNERS, MANAGEMENT, AND MAINTENANCE PROGRAMS IN THE INDUSTRY.

Program 2

THE GOVERNMENT AFFAIRS PROGRAM ADVOCATES ON BEHALF OF THE ASSOCIATION'S LEGISLATIVE OBJECTIVES. WE UPDATE THE MEMBERS ON THE LATEST POLICIES AND PROPOSALS ON THE LOCAL, STATE, AND FEDERAL LEVELS THAT CAN IMPACT THEIR OPERATIONS AND BOTTOM LINES. WE MAKE SURE THAT LEGISLATORS AND DECISION-MAKERS KNOW THAT THE MULTIFAMILY INDUSTRY IS VITAL TO OUR METROPOLITAN REGION AND OUR COMMONWEALTH. PAA MEMBERS MEET WITH DOZENS OF HARRISBURG LEGISLATORS TO SHOWCASE OUR IMPORTANCE AND TO INFORM THEM ABOUT OUR TOP POLICY PRIORITIES. THIS EVENT PROVIDES YOU WITH INVALUABLE TIME TO CONNECT WITH YOUR ELECTED OFFICIALS AND TO GIVE THEM FIRST-HAND ACCOUNTS OF THE EXPERIENCES OF PROPERTY OWNERS AND MANAGERS. INVALUABLE TIME TO CONNECT WITH YOUR ELECTED OFFICIALS AND TO GIVE THEM FIRST-HAND ACCOUNTS OF THE EXPERIENCES OF PROPERTY OWNERS AND MANAGERS.

Program 3

EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE TIMELY SEMINARS ON INDUSTRY RELATED ISSUES AND PROFESSIONAL DESIGNATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $179,709

Program Service Revenue $3,011,352

Investment Income $30,654

Other Revenue $167,220

TOTAL REVENUE $3,388,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,111,375

Fundraising Expenses $0

Other Expenses $2,155,233

TOTAL EXPENSES $3,266,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,388,935	$2,947,974	+0.1%
Expenses	$3,266,608	$2,846,115	+0.1%
Net Income	$122,327	$101,859	+0.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

500

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

$220,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
carol christner	ceo	40.0	Officer	$202,633	$18,252	$220,885
amy pontius	executive vice president	40.0	Highest	$136,166	$5,822	$141,988
donna Colbert	President	2.0	Officer Director	$0	$0	$0
connOR WOODWARD	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
alex stefanelli	BOARD MEMBER	1.0	Director	$0	$0	$0
george cowden	Board Member	1.0	Director	$0	$0	$0
lisa delgado	SECRETARY	2.0	Officer Director	$0	$0	$0
robin flagler	Board Member	1.0	Director	$0	$0	$0
sam goldstein	Board Member	1.0	Director	$0	$0	$0
linda hart	TREASURER	2.0	Officer Director	$0	$0	$0
anne-marie niklaus	BOard Member	1.0	Director	$0	$0	$0
april SAMPLE	BOard Member	1.0	Director	$0	$0	$0
jason tribue	BOARD Member	1.0	Director	$0	$0	$0
Michael Hankin	Board Member	1.0	Director	$0	$0	$0
Brad Mawbray	Board Member	1.0	Director	$0	$0	$0
Mike Reynolds	Board Member	1.0	Director	$0	$0	$0
Charlene Delia	PSC Chair	1.0	Director	$0	$0	$0
Laura Beyer	Board Member	1.0	Director	$0	$0	$0
Jim Smith	Board Member	1.0	Director	$0	$0	$0
Tonaus Johns	Board Member - TERM 04/2024	1.0	Director	$0	$0	$0
Lev Kravinsky	Board Member - EFF. 05/2024	1.0	Director	$0	$0	$0

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
2024	$3,388,935	$3,266,608	$1,918,578	$122,327
2023	$2,947,974	$2,846,115	$1,653,482	$101,859
2022	$2,288,319	$2,273,204	$1,610,438	$15,115
2021	$1,873,030	$1,744,428	$1,420,169	$128,602
2020	$1,590,277	$1,444,297	$1,308,841	$145,980
2019	$38,733	$70,153	$541,146	$-31,420