MISSISSIPPI APARTMENT ASSOCIATION (EIN 260395422) - 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

1980

Legal Domicile

Principal Officer

CRAIG KIRKLAND

Phone

6019929933

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI APARTMENT ASSOCIATION, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $339K in total revenue in fiscal year 2024.

Mission

PROMOTES PROFESSIONALISM IN THE MULTIFAMILY INDUSTRY TO SERVE THE PUBLIC'S RENTAL HOUSING NEEDS.

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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 $140,949

Program Service Revenue $196,994

Investment Income $1,544

Other Revenue $0

TOTAL REVENUE $339,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,015

Fundraising Expenses $0

Other Expenses $221,937

TOTAL EXPENSES $334,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,487	$335,360	+0.0%
Expenses	$334,952	$370,901	-0.1%
Net Income	$4,535	$-35,541	-1.1%

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

340

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

$60,338

Total Directors

$60,338

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAMBERLAN CAROTHERS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGHAN ELDER	ASSOCIATION DIRECTOR	40.00	Officer Director	$58,178	$2,160	$60,338
MELISSA ROMINES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE ARCHER-LITTLEJOHN	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
MORGAN LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT IRELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY HUTCHINS	BOARD MEMBER	1.00	Director	$0	$0	$0
YANCEY HARRINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY WILKERSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CRAIG KIRKLAND	TREASURER	1.00	Officer	$0	$0	$0
FRANK BUCHANAN	PRESIDENT	1.00	Officer	$0	$0	$0
MATT SMITH	SECRETARY	1.00	Officer	$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	$339,487	$334,952	$247,349	$4,535
2023	$335,360	$370,901	$242,940	$-35,541
2022	$364,088	$326,799	$292,290	$37,289
2021	$264,019	$252,524	$231,637	$11,495
2020	$252,840	$232,081	$219,598	$20,759
2019	$245,236	$247,711	$201,327	$-2,475
2018	$232,782	$197,964	$208,178	$34,818

MISSISSIPPI APARTMENT ASSOCIATION