GEORGIA APARTMENT ASSOCIATION FOUNDATION INC (EIN 364537457) - 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

2003

Legal Domicile

Principal Officer

MARK SULLIVAN

Phone

7705184248

Tax Period

2024-01-01 to 2024-12-31

GEORGIA APARTMENT ASSOCIATION FOUNDATION INC, founded in 2003, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 79% operating margin.

Mission

PROMOTE THE WIDE RANGE OF CAREER OPPORTUNITIES WITHIN THE INDUSTRY. ESTABLISH STRATEGIC PARTNERSHIPS TO EXPAND INDUSTRY AWARENESS. ATTRACT TALENT TO THE APARTMENT INDUSTRY. EQUIP INDIVIDUALS WITH THE KNOWLEDGE/SKILLS NECESSARY TO ENTER THE INDUSTRY. CONNECT EMPLOYERS WITH POTENTIAL CANDIDATES.

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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 $103,940

Program Service Revenue $0

Investment Income $5,569

Other Revenue $-15,743

TOTAL REVENUE $93,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,785

Other Expenses $20,034

TOTAL EXPENSES $20,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,766	$66,810	+0.4%
Expenses	$20,034	$19,567	+0.0%
Net Income	$73,732	$47,243	+0.6%

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

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

$694,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINGER ASHTON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SHERLE BROWN	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT HAWLEY	DIRECTOR	0.50	Director	$0	$0	$0
DANA HILL	DIRECTOR	0.50	Director	$0	$0	$0
AUDREY GRANT-LOTT	CHAIR	1.00	Officer Director	$0	$0	$0
LISA VIATOR	DIRECTOR	0.50	Director	$0	$0	$0
LISA RUSSO	DIRECTOR	0.50	Director	$0	$0	$0
BRANDI BOUDOIN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
JAMES FOWLER	PRESIDENT	0.50	Officer	$0	$38,614	$371,335
JULIE ANDERSON	VICE PRESIDENT-OPERATIONS	0.50	Officer	$0	$3,570	$98,470
MARK SULLIVAN	VICE PRESIDENT-FINANCE & HR	0.50	Officer	$0	$33,549	$224,403

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	$93,766	$20,034	$247,310	$73,732
2023	$66,810	$19,567	$172,859	$47,243
2022	$36,465	$31,340	$126,098	$5,125
2021	$16,440	$7,546	$128,390	$8,894
2020	$16,250	$8,599	$111,596	$7,651
2019	$121,841	$98,433	$103,947	$23,408
2018	$79,084	$86,331	$81,060	$-7,247

GEORGIA APARTMENT ASSOCIATION FOUNDATION INC