APARTMENT ASSOCIATION OF FORT WAYNE - NE INDIANA INC (EIN 310958745) - 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

1978

Legal Domicile

Principal Officer

DAVID LAMB

Phone

2604822916

Tax Period

2024-01-01 to 2024-12-31

APARTMENT ASSOCIATION OF FORT WAYNE - NE INDIANA INC, founded in 1978, is a small nonprofit that reported $115K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $165K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE EDUCATION AND RESOURCES TO OUR COMMUNITY, LEGISLATIVELY ADVOCATE ON BEHALF OF THE RENTAL HOUSING INDUSTRY AND PROMOTE AN EDUCATED AND SKILLED WORKFORCE.

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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 $97,630

Investment Income $14,575

Other Revenue $3,178

TOTAL REVENUE $115,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,554

Fundraising Expenses $0

Other Expenses $80,383

TOTAL EXPENSES $164,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,383	$124,550	-0.1%
Expenses	$164,937	$137,508	+0.2%
Net Income	$-49,554	$-12,958	+2.8%

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

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

$75,265

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA LYMON	EXECUTIVE DI	40.00	Officer	$75,265	$0	$75,265
DAVID LAMB	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY DURKES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CECILIA ROLF	SECRETARY	2.00	Officer Director	$0	$0	$0
MONICA RICHARDSON	TREASURER	2.00	Officer Director	$0	$0	$0
CODY GROVES	DIRECTOR	2.00	Director	$0	$0	$0
JON CURTIS	DIRECTOR	2.00	Director	$0	$0	$0
PAT TURNER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK GILLAN	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE ROSE	DIRECTOR	2.00	Director	$0	$0	$0
MATT UNDERWOOD	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE SHERAZI-WILSON	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$115,383	$164,937	$480,328	$-49,554
2023	$124,550	$137,508	$527,700	$-12,958
2022	$112,331	$130,516	$534,701	$-18,185
2021	$157,845	$152,370	$564,388	$5,475
2020	$145,713	$155,433	$567,569	$-9,720
2019	$287,991	$329,411	$574,161	$-41,420
2018	$284,191	$326,586	$615,460	$-42,395

APARTMENT ASSOCIATION OF FORT WAYNE - NE INDIANA INC