TRIANGLE APARTMENT ASSOCIATION INC (EIN 561527478) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

JOSIE H EATMON

Phone

9197821165

Tax Period

2023-01-01 to 2023-12-31

TRIANGLE APARTMENT ASSOCIATION INC, founded in 1987, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 9% surplus.

Mission

SERVING THE RENTAL HOUSING INDUSTRY BY PROVIDING EDUCATION FOR PROFESSIONAL DEVELOPMENT, PROTECTING THE INTERESTS OF RENTAL HOUSING PROVIDERS THROUGH LEGISLATIVE ADVOCACY, FOSTERING BUSINESS PARTNERSHIP, AND PARTICIPATING IN THE BETTERMENT OF THE TRIANGLE AND SURROUNDING COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $82,703

Program Service Revenue $1,766,326

Investment Income $37,506

Other Revenue $105,459

TOTAL REVENUE $1,991,994

Expense Breakdown

Grants Paid $1,970

Salaries & Benefits $902,988

Fundraising Expenses $0

Other Expenses $913,302

TOTAL EXPENSES $1,818,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,991,994	$1,874,944	+0.1%
Expenses	$1,818,260	$1,824,749	0.0%
Net Income	$173,734	$50,195	+2.5%

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

230

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

$150,522

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSIE H EATMON	EXECUTIVE DI	40.00	Officer	$134,241	$16,281	$150,522
CRAIG NARDI	PRESIDENT	1.00	Officer Director	$0	$0	$0
BERRY CRAVEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
FRANKLIN RODRIGUEZ	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER CROWLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAIRE MICHAEL	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
MARY BATTEN	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN DOUBEK	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE BOONE	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE COOK-WOOTERS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY DAVOLI	DIRECTOR	1.00	Director	$0	$0	$0
BECKI HALE	DIRECTOR	1.00	Director	$0	$0	$0
BERNICE LOPES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DEREK TARRANT	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,991,994	$1,818,260	$3,635,947	$173,734
2022	$1,874,944	$1,824,749	$3,260,243	$50,195
2021	$1,758,249	$1,503,948	$3,309,696	$254,301
2020	$1,470,587	$1,452,983	$3,029,129	$17,604
2019	$1,857,460	$1,850,722	$2,977,253	$6,738
2018	$1,691,117	$1,581,507	$2,971,896	$109,610

TRIANGLE APARTMENT ASSOCIATION INC