Virginia Apartment Management Association (EIN 541407434) - 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

1987

Legal Domicile

Phone

8047568262

Tax Period

2023-01-01 to 2023-12-31

Virginia Apartment Management Association, founded in 1987, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2016. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 9% surplus.

Mission

To improve requirements and standards of the multi-family 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 $732,017

Program Service Revenue $1,634,835

Investment Income $55,182

Other Revenue $21,148

TOTAL REVENUE $2,443,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,008

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,299,346

TOTAL EXPENSES $1,967,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,443,182	$1,982,384	+0.2%
Expenses	$1,967,354	$1,673,109	+0.2%
Net Income	$475,828	$309,275	+0.5%

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

110

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

$119,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Bowman	Treasurer	1.0	Officer Director	$0	$0	$0
Deidre Brown	Vice-President	1.0	Officer Director	$0	$0	$0
Matt Scaparro	Secretary	1.0	Officer Director	$0	$0	$0
Matt Spencer	President	1.0	Officer Director	$0	$0	$0
Alethea Parker	Director	1.0	Director	$0	$0	$0
Amanda Buyalos	Director	1.0	Director	$0	$0	$0
Angie Lombardi	Director	1.0	Director	$0	$0	$0
Anthony Woodfolk	Director	1.0	Director	$0	$0	$0
Christine Gustafson	Director	1.0	Director	$0	$0	$0
Hal Davis	Director	1.0	Director	$0	$0	$0
Harmony Tripp Kiser	Director	1.0	Director	$0	$0	$0
Jayme Presley	Director	1.0	Director	$0	$0	$0
Judith Olive	Director	1.0	Director	$0	$0	$0
Loren Bazemore	Director	1.0	Director	$0	$0	$0
Melissa Cooke	Director	1.0	Director	$0	$0	$0
Pete Rose	Director	1.0	Director	$0	$0	$0
Rebecca Bryan	Director	1.0	Director	$0	$0	$0
Renee Pulliam	Director	1.0	Director	$0	$0	$0
Sandra Bair	Director	1.0	Director	$0	$0	$0
Tarra Secrest	Director	1.0	Director	$0	$0	$0
Patrick McCloud	CEO	40.0	Officer	$116,000	$3,030	$119,030

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	$2,443,182	$1,967,354	$3,337,811	$475,828
2022	$1,982,384	$1,673,109	$2,855,042	$309,275
2021	$1,543,902	$1,220,930	$2,254,574	$322,972
2020	$1,355,034	$1,211,779	$1,884,245	$143,255
2019	$1,863,457	$1,634,867	$1,810,820	$228,590
2018	$1,675,124	$1,512,080	$1,479,045	$163,044
2017	$1,631,158	$1,476,645	$1,350,639	$154,513
2016	$1,470,914	$1,345,713	$1,187,383	$125,201

Virginia Apartment Management Association