NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE (EIN 521508111) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

ROBERT PINNEGAR

Phone

7035186141

Tax Period

2023-01-01 to 2023-12-31

NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE, founded in 1986, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROVIDE BROAD-BASED EDUCATION, TRAINING & RECRUITMENT PROGRAMS IN THE APARTMENT INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,817

Program Service Revenue $2,214,695

Investment Income $175,580

Other Revenue $1,345,610

TOTAL REVENUE $3,761,702

Expense Breakdown

Grants Paid $2,670

Salaries & Benefits $1,091,244

Fundraising Expenses $0

Program Expenses $3,466,892

Other Expenses $2,389,815

TOTAL EXPENSES $3,483,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,761,702	$3,717,113	+0.0%
Expenses	$3,483,729	$3,493,155	0.0%
Net Income	$277,973	$223,958	+0.2%

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

Volunteers

118

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

$1,667,535

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM HURD	NAAEI PRESIDENT	5.00	Officer Director	$0	$0	$0
KELLI LEA	NAAEI VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ALAN KING	NAAEI SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
GREG CERBANA	IMMEDIATE PAST PRESIDENT	5.00	Director	$0	$0	$0
PATRICK APPLEBY	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCIA BOLLINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
KENDRA BORK	BOARD MEMBER	2.00	Director	$0	$0	$0
LEAH BREWER	BOARD MEMBER	2.00	Director	$0	$0	$0
JD CAREY	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT CARR	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT CARROLL	BOARD MEMBER	2.00	Director	$0	$0	$0
VALERY CARTER	BOARD MEMBER	2.00	Director	$0	$0	$0
SLOANE CERBANA	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM COATES	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTHA DRYDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAR ELLER	BOARD MEMBER	2.00	Director	$0	$0	$0
PATTY EVANS	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY FIELDS	BOARD MEMBER	2.00	Director	$0	$0	$0
TANYA FOSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCI FRENCH	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHAEL GORDON	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA HUTCHINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA MASSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JACKIE RHONE	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN ROTHROCK	BOARD MEMBER	2.00	Director	$0	$0	$0
ARIANNA ROYSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
MOLLY RUPPRATH	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS SALAMANIS	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM SKOLNIK	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK SNYDER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN SONS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE SORKIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JODI SPURRELL	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE WRENN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT PINNEGAR	NAA PRESIDENT & CEO	12.50	Officer	$0	$68,950	$762,959
AMY GROFF CPM	NAA COO	5.00	Officer	$0	$49,266	$423,150
LARISSA TEELUCKSINGH CPA	NAA SVP, FINANCE	5.00	Officer	$0	$25,527	$255,926
PAMELA WEBER	NAAEI VICE PRESIDENT	37.50	Officer	$203,008	$22,492	$225,500
TERRELINE SIMS	DIRECTOR, WORKFORCE DEVELOPMENT	37.50	Highest	$160,217	$8,722	$168,939
AMY ALLEN	DIR., CREDENTIALING & ACCREDITATION	37.50	Highest	$143,910	$20,914	$164,824

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	$3,761,702	$3,483,729	$7,619,337	$277,973
2022	$3,717,113	$3,493,155	$6,876,626	$223,958
2021	$3,836,567	$3,708,790	$7,583,761	$127,777
2020	$3,355,703	$4,425,431	$6,407,669	$-1,069,728
2019	$3,429,275	$4,699,966	$6,663,282	$-1,270,691
2018	$3,886,284	$3,896,661	$6,296,780	$-10,377

NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE