NATIONAL APARTMENT ASSOCIATION (EIN 530191129) - 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

1939

Legal Domicile

Principal Officer

ROBERT PINNEGAR CAE

Phone

7035186141

Tax Period

2023-01-01 to 2023-12-31

NATIONAL APARTMENT ASSOCIATION, founded in 1939, is a mid-sized nonprofit that reported $34.2M in total revenue in fiscal year 2018.

Mission

TO SERVE AS A TRUSTED, PRE-EMINENT RESOURCE FOR ALL STAKEHOLDERS IN THE RENTAL HOUSING INDUSTRY THROUGH ADVOCACY, EDUCATION, AND COLLABORATION.

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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 $14,412

Program Service Revenue $53,468,244

Investment Income $763,114

Other Revenue $3,480,790

TOTAL REVENUE $57,726,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,467,728

Fundraising Expenses $0

Other Expenses $39,926,000

TOTAL EXPENSES $55,393,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,726,560	$41,221,497	+0.4%
Expenses	$55,393,728	$38,049,413	+0.5%
Net Income	$2,332,832	$3,172,084	-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

134

Volunteers

634

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

$1,442,035

Total Directors

Key Employees

$1,800,822

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONDA PURYEAR CAM CPM	CHAIR	5.00	Officer Director	$0	$0	$0
RICK SNYDER CPM	CHAIR-ELECT	5.00	Officer Director	$0	$0	$0
DON BRUNNER	PAST CHAIR	5.00	Officer Director	$0	$0	$0
ALAN KING CPM	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS BURNS CAM CAPS	TREASURER	5.00	Officer Director	$0	$0	$0
JEANNETTE COX	SECRETARY - AS OF 01/2023	5.00	Officer Director	$0	$0	$0
MELODY KING	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
JOLYNN SCOTCH	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
WOODY STONE	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
TOM SLOAN	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
STEVE SORKIN	NSC CHAIR	2.00	Director	$0	$0	$0
KIM HURD	PRESIDENT, NAAEI	2.00	Director	$0	$0	$0
PAT SHUMAKER	REGIONAL VP - REGION 1	2.00	Director	$0	$0	$0
ARIANNA ROYSTER	REGIONAL VP - REGION 1	2.00	Director	$0	$0	$0
LYNN BORA	REGIONAL VP - REGION 2	2.00	Director	$0	$0	$0
STEVE RAPPIN	REGIONAL VP - REGION 3	2.00	Director	$0	$0	$0
KRISTIE ARNST	REGIONAL VP - REGION 3	2.00	Director	$0	$0	$0
BRETT DUKE	REGIONAL VP - REGION 4	2.00	Director	$0	$0	$0
CHRIS CARTER	REGIONAL VP - REGION 4	2.00	Director	$0	$0	$0
SUSAN PASSMORE CAM CAPS	REGIONAL VP - REGION 4	2.00	Director	$0	$0	$0
DENNIS WATTS	REGIONAL VP - REGION 5	2.00	Director	$0	$0	$0
TRACY HALL CAPS CPM	REGIONAL VP - REGION 6	2.00	Director	$0	$0	$0
JAY PARMELEE CPM	REGIONAL VP - REGION 6	2.00	Director	$0	$0	$0
JACKIE RHONE CAPS CPM	REGIONAL VP - REGION 6	2.00	Director	$0	$0	$0
GREG CERBANA	REGIONAL VP - REGION 7	2.00	Director	$0	$0	$0
PETER HARRADINE	REGIONAL VP - REGION 8	2.00	Director	$0	$0	$0
KAYLA QUINT	REGIONAL VP - REGION 9	2.00	Director	$0	$0	$0
BONNIE SMETZER CMP HCCP	REGIONAL VP - REGION 9	2.00	Director	$0	$0	$0
CURT KNABE	REGIONAL VP - REGION 10	2.00	Director	$0	$0	$0
ROBERT PINNEGAR CAE	CHIEF EXECUTIVE OFFICER	37.50	Officer	$694,009	$68,950	$762,959
AMY GROFF CPM	CHIEF OPERATING OFFICER	37.50	Officer	$373,884	$49,266	$423,150
LARISSA TEELUCKSINGH CPA	SVP, FINANCE	37.50	Officer	$230,399	$25,527	$255,926
GREGORY BROWN	SENIOR VP, GOVERNMENT AFFAIRS	37.50	Key Emp	$377,273	$43,604	$420,877
ANGEL BALTIMORE	SVP, INFORMATION TECHNOLOGY	37.50	Key Emp	$284,502	$29,393	$313,895
REBECCA SULLIVAN	SVP STRATEGIC COMMUNICATIONS	37.50	Key Emp	$251,405	$37,428	$288,833
JOSHUA GOLD SVP MEMBER EDUC	PROGRAMS & AFFILIATE ENGAGEMENT	37.50	Key Emp	$247,659	$26,923	$274,582
AYIESHA BEVERLY	GENERAL COUNSEL	37.50	Key Emp	$231,983	$21,888	$253,871
RON SKINNER	SVP, BUSINESS DEVELOPMENT	37.50	Key Emp	$235,543	$13,221	$248,764
PAULA MUNGER	VP, INDUSTRY RESEARCH & ANALYSIS	37.50	Highest	$232,570	$37,387	$269,957
JAMES WILSON	AVP, POLITICAL AFFAIRS	37.50	Highest	$196,131	$36,935	$233,066
CAMALA KOVALICK	AVP, BUSINESS EXCELLENCE	37.50	Highest	$211,021	$24,348	$235,369
ELIZABETH AMBACHER	VP, MEETINGS & EXPOSITIONS	37.50	Highest	$200,891	$25,234	$226,125
JASON LYNN	DIRECTOR, FED. LEGISLATIVE AFFAIRS	37.50	Highest	$205,340	$11,582	$216,922

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	$57,726,560	$55,393,728	$40,809,048	$2,332,832
2022	$41,221,497	$38,049,413	$35,964,131	$3,172,084
2021	$34,472,867	$32,399,514	$36,578,270	$2,073,353
2020	$27,189,623	$30,080,935	$35,453,044	$-2,891,312
2019	$36,126,908	$37,049,305	$36,074,506	$-922,397
2018	$34,193,781	$34,431,070	$33,307,806	$-237,289

NATIONAL APARTMENT ASSOCIATION