NORTHERN VIRGINIA APARTMENT ASSOCIATION (EIN 540678235) - 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

1956

Legal Domicile

Principal Officer

LARRY HOFFER

Phone

7036716777

Tax Period

2023-10-01 to 2024-09-30

NORTHERN VIRGINIA APARTMENT ASSOCIATION, founded in 1956, is a small nonprofit that reported $237K in total revenue in fiscal year 2020. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 38% operating margin.

Mission

TO PROVIDE LEGISALTIVE AND REGULATORY REPRESENTATION, COMMUNICATE CURRENT TRENDS AND ISSUES, WORK TO EDUCATE THE PROPERTY APARTMENT INDUSTRY AND OFFER AN INTERACTIVE FORUM TO RELATED SERVICE PROVIDERS WHO ARE ESSENTIAL TO THE APARTMENT RENTAL 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 $8,100

Program Service Revenue $269,435

Investment Income $1,130

Other Revenue $23,292

TOTAL REVENUE $301,957

Expense Breakdown

Grants Paid $1,150

Salaries & Benefits $3,596

Fundraising Expenses $789

Program Expenses $224,383

Other Expenses $229,832

TOTAL EXPENSES $234,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,957	$233,860	+0.3%
Expenses	$234,578	$219,759	+0.1%
Net Income	$67,379	$14,101	+3.8%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN BURLINGAME	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MORRYA JONES	PRESIDENT	5.00	Officer	$0	$0	$0
LARRY EDMONDS	SECRETARY	5.00	Officer	$0	$0	$0
SILAS PACE	TREASURER	5.00	Officer	$0	$0	$0
LARRY HOFFER	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$0
KRISTIN CLEGG	DIRECTOR	5.00	Officer	$0	$0	$0
ERICA D'ALLESSANDRO	DIRECTOR	5.00	Director	$0	$0	$0
LATOYA JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
ARMANI MAHOOZI	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH MURPHY	DIRECTOR	5.00	Director	$0	$0	$0
GERALD PIERCE	DIRECTOR	5.00	Director	$0	$0	$0
DENISE ROGERS	DIRECTOR	5.00	Director	$0	$0	$0
GALINA SHIRSHOVA	DIRECTOR	5.00	Director	$0	$0	$0
ROSS TALLMAN	DIRECTOR	5.00	Director	$0	$0	$0
TROY WATSON	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	$301,957	$234,578	$107,663	$67,379
2023	$233,860	$219,759	$56,122	$14,101
2022	$247,190	$285,961	$51,692	$-38,771
2021	$129,503	$151,210	$92,746	$-21,707
2020	$237,192	$146,992	$187,079	$90,200

NORTHERN VIRGINIA APARTMENT ASSOCIATION