APARTMENT ASSOCIATION OUTREACH INC

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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

1991

Legal Domicile

Principal Officer

REBECCA MCLEAN

Phone

5134078612

Tax Period

2024-01-01 to 2024-12-31

APARTMENT ASSOCIATION OUTREACH INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $370K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $316K left a modest 15% surplus.

Mission

PROVIDING RENTAL ASSISTANCE TO THOSE IN NEED AND TO STRENGTHEN AND ELEVATE ALL COMMUNITIES BY PROVIDING FOOD, SHELTER AND OTHER BASIC NEEDS.

Program Service Accomplishments

Program 1

Expenses: $118,000

PROVIDED RENTAL ASSISTANCE TO THOSE IN NEED OR TO EXEMPT ORGANIZATIONS THAT PROVIDE SIMILAR ASSISTANCE.

Program 2

Expenses: $120,326

PROVIDE ASSISTANCE FOR TARGETED RENTERS - SCHOOL ASSISTANCE & SENIORS

Program 3

Expenses: $8,422

PROVIDE EMERGENCY ASSITANCE FOR RENTERS

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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 $427,247

Program Service Revenue $0

Investment Income $1,457

Other Revenue $-58,315

TOTAL REVENUE $370,389

Expense Breakdown

Grants Paid $118,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,748

Other Expenses $197,258

TOTAL EXPENSES $315,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,389	$242,654	+0.5%
Expenses	$315,758	$304,536	+0.0%
Net Income	$54,631	$-61,882	-1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN SEGER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MEGAN LAWHON	SECRETARY	2.00	Officer	$0	$0	$0
CRAIG COFFMAN	TREASURER	2.00	Officer	$0	$0	$0
MELISSA JOY	PRESIDENT	2.00	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	$370,389	$315,758	$177,259	$54,631
2023	$242,654	$304,536	$125,707	$-61,882
2022	$343,230	$336,584	$187,197	$6,646
2021	$348,111	$424,890	$178,483	$-76,779
2020	$266,570	$201,546	$254,493	$65,024
2019	$170,464	$158,790	$189,595	$11,674
2018	$158,070	$172,859	$178,270	$-14,789