WASHINGTON APARTMENT ASSOCIATION (EIN 510194482) - 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

1953

Legal Domicile

Principal Officer

ROBIN TRICKLER

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON APARTMENT ASSOCIATION, founded in 1953, is a small nonprofit that reported $296K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $407K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO SERVE THE INTEREST OF PROPERTY OWNERS

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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 $169,633

Program Service Revenue $0

Investment Income $0

Other Revenue $126,776

TOTAL REVENUE $296,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,497

Fundraising Expenses $0

Program Expenses $407,473

Other Expenses $269,976

TOTAL EXPENSES $407,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,409	$340,073	-0.1%
Expenses	$407,473	$399,441	+0.0%
Net Income	$-111,064	$-59,368	+0.9%

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

4201

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

$17,367

Total Directors

$17,367

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERRIN REYNOLDS	TREASURER	40.00	Officer Director	$14,567	$0	$14,567
ROBIN TRICKLER	PRESIDENT	1.00	Officer Director	$2,800	$0	$2,800
DARLENE PENNOCK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA SCHMIDT	SECRETARY	1.00	Officer Director	$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	$296,409	$407,473	$16,737	$-111,064
2023	$340,073	$399,441	$31,337	$-59,368
2022	$521,331	$523,985	$27,155	$-2,654
2021	$391,795	$485,183	$187,747	$-93,388
2020	$298,201	$397,588	$215,649	$-99,387
2019	$358,760	$362,547	$70,005	$-3,787
2018	$300,597	$380,688	$75,278	$-80,091

WASHINGTON APARTMENT ASSOCIATION