WASHINGTON APARTMENT ASSOCIATION

EIN: 510194482

Everett, WA

Total Revenue
$296,409
Total Expenses
$407,473
Total Assets
$16,737
Net Assets
$-287,451
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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
WA
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

Program Service Accomplishments

Program 1
Expenses: $407,473 Revenue: $296,409

WE SERVE THE INTERESTS AND WELFARE OF OUR MEMBERS WHO ARE OPERATORS OF RENTAL PROPERTIES BY PROTECTING THEIR PRIVATE PROPERTY RIGHTS AND PROVIDING ECONOMIC INFORMTION

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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%)

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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

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Governance

Voting Members
4201
Independent Members
N/A
Employees
5
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
4
$17,367
Total Directors
4
$17,367
Key Employees
0
$0
Highest Compensated
0
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
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