Apartment Association of South (EIN 391207755) - 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

1974

Legal Domicile

Principal Officer

Joanna Rouse

Tax Period

2023-01-01 to 2023-12-31

Apartment Association of South, founded in 1974, is a small nonprofit that reported $264K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

See Statement 3

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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 $173,483

Program Service Revenue $83,217

Investment Income $4,053

Other Revenue $3,335

TOTAL REVENUE $264,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,096

Fundraising Expenses $0

Program Expenses $35,048

Other Expenses $155,968

TOTAL EXPENSES $267,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,088	$290,275	-0.1%
Expenses	$267,064	$263,724	+0.0%
Net Income	$-2,976	$26,551	-1.1%

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

N/A

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

Total Directors

$78,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanna Rouse	President	5	Officer	$0	$0	$0
Jennifer Korb	Vice President	5	Officer	$0	$0	$0
William Orosz	Treasurer	5	Officer	$0	$0	$0
Travis Haines	Director	5	Director	$0	$0	$0
Samantha Apter	Director	5	Director	$0	$0	$0
David Gevers	Director	5	Director	$0	$0	$0
Joshua Taggatz	Director	5	Director	$0	$0	$0
Erika Sweeney	Director	5	Director	$0	$0	$0
Amy Bexson	Director of Op	40	Director	$78,500	$0	$78,500

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	$264,088	$267,064	$340,449	$-2,976
2022	$290,275	$263,724	$345,582	$26,551
2021	$315,965	$278,418	$320,331	$37,547
2020	$304,587	$264,505	$280,078	$40,082

Apartment Association of South