FRIENDSHIP APARTMENT VILLAGE CORPORATION (EIN 540842686) - 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

1972

Legal Domicile

Principal Officer

C MICHAEL SHANNON

Phone

5402652177

Tax Period

2023-07-01 to 2024-06-30

FRIENDSHIP APARTMENT VILLAGE CORPORATION, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2018. Net assets of $12.8M represent 33 months of operating reserves.

Mission

SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND

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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 $0

Program Service Revenue $5,481,518

Investment Income $2,071,922

Other Revenue $74,206

TOTAL REVENUE $7,627,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $851,565

Fundraising Expenses $0

Program Expenses $4,424,287

Other Expenses $4,607,321

TOTAL EXPENSES $5,458,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,627,646	$6,024,781	+0.3%
Expenses	$5,458,886	$5,132,268	+0.1%
Net Income	$2,168,760	$892,513	+1.4%

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

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

$1,323,198

Total Directors

$405,400

Key Employees

$224,346

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN R FEINOUR	DIRECTOR	1.00	Director	$0	$0	$40,000
GLEN C COMBS	DIRECTOR	1.00	Director	$0	$0	$47,100
JOHN B WILLIAMSON III	DIRECTOR	1.00	Director	$0	$0	$20,500
LUCIAN Y GROVE JR	DIRECTOR	1.00	Director	$0	$0	$47,100
CYNDA A JOHNSON	DIRECTOR	1.00	Director	$0	$0	$47,100
ROBERT C LAWSON	CHAIRMAN	1.00	Officer Director	$0	$0	$64,000
KATHRYN K OELSCHLAGER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$52,500
ROBERT H SANDEL	DIRECTOR	1.00	Director	$0	$0	$47,100
NATHANIEL BISHOP	DIRECTOR	1.00	Director	$0	$0	$40,000
GREGORY W FELDMANN	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH M HOFF	PRESIDENT & CEO	2.00	Officer	$0	$20,335	$656,298
C MICHAEL SHANNON	CFO	2.00	Officer	$0	$13,846	$475,787
CINDY MITCHELL	BOARD SECRETARY	2.00	Officer	$0	$1,335	$74,613
ANGELA HUGHES	VP HUMAN RESOURCES & COMPL	2.00	Key Emp	$0	$10,643	$224,346
MARY RODGER	DIRECTOR OF ACCOUNTING	2.00	Highest	$0	$16,253	$197,276
STEPHANIE DUNCAN	DIRECTOR OF REVENUE CYCLE	2.00	Highest	$0	$10,965	$159,402
TODD LOWE	DIRECTOR OF IT	2.00	Highest	$0	$14,966	$161,955
ASHLEY JEWELL	DIRECTOR OF HUMAN RESOURCE	2.00	Highest	$0	$8,617	$134,918

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	$7,627,646	$5,458,886	$31,175,879	$2,168,760
2023	$6,024,781	$5,132,268	$29,799,547	$892,513
2022	$5,384,949	$4,931,738	$30,104,097	$453,211
2021	$5,431,286	$4,843,096	$34,192,281	$588,190
2021	$5,431,286	$4,843,096	$34,192,281	$588,190
2020	$4,814,358	$5,110,391	$30,474,872	$-296,033
2019	$4,669,631	$4,769,138	$26,982,572	$-99,507

FRIENDSHIP APARTMENT VILLAGE CORPORATION