Charleston Apartment Association (EIN 570987777) - 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

1993

Legal Domicile

Phone

8436410297

Tax Period

2025-01-01 to 2025-12-31

Charleston Apartment Association, founded in 1993, is a small nonprofit that reported $693K in total revenue in fiscal year 2025. The organization ran a surplus of $146K, a strong 21% operating margin.

Mission

The Charleston Apartment Association is a non-profit organization comprised of professionals that support, serve, advocate and educate the multi-family industry. As leaders, we are dedicated to our industrys growth and its evolution.

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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 (2025)

Revenue Breakdown

Contributions & Grants $692,811

Program Service Revenue $0

Investment Income $0

Other Revenue $100

TOTAL REVENUE $692,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,763

Fundraising Expenses $29,141

Program Expenses $287,361

Other Expenses $445,730

TOTAL EXPENSES $546,493

Year-over-Year Comparison

	2025	2024	Change
Revenue	$692,911	N/A	N/A
Expenses	$546,493	N/A	N/A
Net Income	$146,418	N/A	N/A

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christy Dukes	Board Member	2.00	Director	$0	$0	$0
Thomas Howard	Board Member	2.00	Director	$0	$0	$0
Michelle Gordon	Board Member	2.00	Director	$0	$0	$0
Donna Bolewitz	Immediate Past President	2.00	Director	$0	$0	$0
Michael Bell	Board Member	2.00	Director	$0	$0	$0
Anne Machowski	Board Member	2.00	Director	$0	$0	$0
Kathlina Sampson	Board Member	2.00	Director	$0	$0	$0
Dana Jiles	Board Member	0.00	Director	$0	$0	$0
Myriam Ellis	Board Member	0.00	Director	$0	$0	$0
Michelle Lorick	Board Member	0.00	Director	$0	$0	$0
Carly Haslett	Board Member	0.00	Director	$0	$0	$0
Susan Burke	President	5.00	Officer	$0	$0	$0
Ruthann Curry	Vice President	2.00	Officer	$0	$0	$0
Katie Chapman	Association Executive	40.00	Highest	$0	$0	$0
Joey Ingham	Secretary	2.00	Officer	$0	$0	$0
Sedra Charap	Treasurer	2.00	Officer	$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	$692,911	$546,493	$697,977	$146,418
2024	$581,726	$498,383	$501,997	$83,343
2023	$532,396	$451,671	$425,495	$80,725
2022	$426,311	$391,287	$337,216	$35,024
2021	$246,635	$279,680	$298,979	$-33,045
2020	$222,360	$178,972	$334,792	$43,388
2019	$410,016	$375,632	$287,276	$34,384
2018	$326,219	$340,445	$252,885	$-14,226

Charleston Apartment Association