GREATER LANSING APARTMENT ASSOCIAT… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

Abby Bloomquist

Phone

5172810815

Tax Period

2025-01-01 to 2025-12-31

GREATER LANSING APARTMENT ASSOCIATION INC, founded in 1994, is a small nonprofit that reported $390K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 20% operating margin.

Mission

To provide education and advocacy in a collaborative forum that promotes professional and personal growth in the industry.

Program Service Accomplishments

Program 1

Expenses: $78,827 Revenue: $89,507

Designation and other education courses are conducted to educate members

Program 2

Expenses: $44,475 Revenue: $41,206

Annual trade show is held to educate members and showcase products and services

Program 3

Expenses: $44,183 Revenue: $41,902

General membership and other networking events

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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 (2025)

Revenue Breakdown

Contributions & Grants $159,235

Program Service Revenue $172,615

Investment Income $7,185

Other Revenue $50,545

TOTAL REVENUE $389,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $167,485

Other Expenses $309,985

TOTAL EXPENSES $309,985

Year-over-Year Comparison

	2025	2024	Change
Revenue	$389,580	$359,527	+0.1%
Expenses	$309,985	$238,719	+0.3%
Net Income	$79,595	$120,808	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hannah Crosby	Director	1.00	Director	$0	$0	$0
Zach Graham	Director	1.00	Director	$0	$0	$0
Jodi Cornell	Director	1.00	Director	$0	$0	$0
Andrew Addy	Director	1.00	Director	$0	$0	$0
David Schweickert	Director	1.00	Director	$0	$0	$0
Donna Parini	Director	1.00	Director	$0	$0	$0
Sharon Bennett	Director	1.00	Director	$0	$0	$0
James Gromer	Director	1.00	Director	$0	$0	$0
Alethea Lofton	Director	1.00	Director	$0	$0	$0
Abby Bloomquist	President	2.00	Officer	$0	$0	$0
Sarah Marshall	Vice President	1.00	Officer	$0	$0	$0
Naomi Wolfe	Secretary	1.00	Officer	$0	$0	$0
Elizabeth Hart	Treasurer	1.00	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
2025	$389,580	$309,985	$394,676	$79,595
2024	$359,527	$238,719	$315,875	$120,808
2023	$212,999	$196,653	$207,167	$16,346

GREATER LANSING APARTMENT ASSOCIATION INC