GREATER CINCINNATI NORTHERN KENTUCKY APARTMENT ASSOCIATION (EIN 311043900) - 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

1971

Legal Domicile

Principal Officer

REBECCA MCLEAN

Phone

5134078612

Tax Period

2023-01-01 to 2023-12-31

GREATER CINCINNATI NORTHERN KENTUCKY APARTMENT ASSOCIATION, founded in 1971, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 19% operating margin.

Mission

TO ADVANCE THE WELFARE OF THE RENTAL HOUSING INDUSTRY IN GREATER CINCINNATI/NORTHERN KENTUCKY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $548,854

Program Service Revenue $479,119

Investment Income $66,246

Other Revenue $281,310

TOTAL REVENUE $1,375,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $498,816

Fundraising Expenses $0

Other Expenses $609,108

TOTAL EXPENSES $1,107,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,375,529	$1,075,531	+0.3%
Expenses	$1,107,924	$1,196,862	-0.1%
Net Income	$267,605	$-121,331	-3.2%

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

N/A

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

$119,901

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONYA PETERSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISSA JOY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CRAIG COFFMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JUSTIN SEGER	TREASURER	2.00	Officer Director	$0	$0	$0
REBECCA MCLEAN	EXECUTIVE V. P.	40.00	Officer	$119,901	$0	$119,901
LLOYD COBBLE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN FULLENKAMP	DIRECTOR	2.00	Director	$0	$0	$0
TODD HIGNITE	DIRECTOR	2.00	Director	$0	$0	$0
LISA ISHAM	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN LAWHON	DIRECTOR	2.00	Director	$0	$0	$0
OKSANA LUKJANENKO	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MARKUS	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RECOB	DIRECTOR	2.00	Director	$0	$0	$0
GRANT SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH WERNER	DIRECTOR	2.00	Director	$0	$0	$0
GERRY JOHNSON	ASSOCIATE COUNCIL	2.00	Director	$0	$0	$0
MARK ARNOLD	ASSOCIATE COUNCIL	2.00	Director	$0	$0	$0
JEFF GREENBERGER	PARLIAMENTARIAN	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
2024	No data	No data	No data	No data
2023	$1,375,529	$1,107,924	$1,886,313	$267,605
2022	$1,075,531	$1,196,862	$1,622,712	$-121,331
2021	$1,212,967	$992,215	$1,661,008	$220,752
2020	$987,609	$849,627	$1,522,924	$137,982
2019	$1,108,189	$1,022,916	$1,443,700	$85,273
2018	$990,596	$1,004,174	$1,359,342	$-13,578

GREATER CINCINNATI NORTHERN KENTUCKY APARTMENT ASSOCIATION