Northern Ohio Apartment Association (EIN 340070140) - 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

1927

Legal Domicile

Principal Officer

Ralph McGreevy

Phone

2162411635

Tax Period

2024-01-01 to 2024-12-31

Northern Ohio Apartment Association, founded in 1927, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $976K left a modest 5% surplus.

Mission

To promote and advance the professionalization of the ownership of residential rental real estate and management of residential rental or condominium real estate.

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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 $1,017,802

Investment Income $0

Other Revenue $7,916

TOTAL REVENUE $1,025,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,083

Fundraising Expenses $0

Other Expenses $470,222

TOTAL EXPENSES $976,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,025,718	$973,993	+0.1%
Expenses	$976,305	$930,772	+0.0%
Net Income	$49,413	$43,221	+0.1%

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

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

$310,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ralph McGreevy	Ex. Vice Pres.	40.00	Officer	$310,379	$0	$310,379
Charles Schulman	President-Elect	1.00	Officer Director	$0	$0	$0
Michael Smith	Treasurer	1.00	Director	$0	$0	$0
Michelle Kirda	Trustee	1.00	Director	$0	$0	$0
Marcia Woznicki	Immed Past Pres	0.00	Director	$0	$0	$0
Allan B Pintner	Secretary	1.00	Officer Director	$0	$0	$0
Debbie Barry	President	1.00	Officer Director	$0	$0	$0
Bhavin Patel	Vice President	1.00	Officer Director	$0	$0	$0
Marcia Woznicki	Immed Past Pres	0.00		$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	$1,025,718	$976,305	$202,660	$49,413
2023	$973,993	$930,772	$165,277	$43,221
2022	$819,347	$924,662	$104,912	$-105,315
2021	$911,220	$913,395	$211,670	$-2,175
2019	$866,338	$839,789	$213,934	$26,549

Northern Ohio Apartment Association