ATLANTA APARTMENT ASSOCIATION INC (EIN 581225117) - 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

1975

Legal Domicile

Principal Officer

MARK SULLIVAN

Phone

7705184248

Tax Period

2024-01-01 to 2024-12-31

ATLANTA APARTMENT ASSOCIATION INC, founded in 1975, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 9% surplus.

Mission

SUPPORT AND ELEVATE THE INTERESTS OF OUR MEMBERS IN THE RENTAL HOUSING INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,091

Program Service Revenue $4,573,072

Investment Income $374,790

Other Revenue $129,010

TOTAL REVENUE $5,130,963

Expense Breakdown

Grants Paid $12,989

Salaries & Benefits $2,155,216

Fundraising Expenses $0

Program Expenses $3,551,406

Other Expenses $2,486,521

TOTAL EXPENSES $4,654,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,130,963	$4,622,541	+0.1%
Expenses	$4,654,726	$4,000,235	+0.2%
Net Income	$476,237	$622,306	-0.2%

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

275

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

$699,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BENNETT	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA WHITE	CHAIR	1.00	Officer Director	$0	$0	$0
BRANDI BOUDOIN	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER C BURNS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN DANIELL	DIRECTOR	0.50	Director	$0	$0	$0
BRETT DUKE	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
SHERRY FREITAS	DIRECTOR	0.50	Director	$0	$0	$0
ROB GAYLE	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN P KING	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT HAWLEY	DIRECTOR	0.50	Director	$0	$0	$0
JON NIXON	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
ABBY COUICK	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA LINDNER	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE TEABO	DIRECTOR	0.50	Director	$0	$0	$0
JEREMY MESI	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLE REED	SECRETARY	1.00	Officer Director	$0	$0	$0
KIMBERLY ADDISON	DIRECTOR	0.50	Director	$0	$0	$0
CHLOE DEAN	DIRECTOR	0.50	Director	$0	$0	$0
AARON SWAIN	DIRECTOR	0.50	Director	$0	$0	$0
DANA HILL	DIRECTOR	0.50	Director	$0	$0	$0
MARY HOLLANDS	DIRECTOR	0.50	Director	$0	$0	$0
GREG MARK	DIRECTOR	0.50	Director	$0	$0	$0
KATE BEASLEY	DIRECTOR	0.50	Director	$0	$0	$0
DARION DUNN	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY PEAVY	DIRECTOR	0.50	Director	$0	$0	$0
JAMES C FOWLER	PRESIDENT	40.00	Officer	$332,721	$38,614	$371,335
MARK SULLIVAN	VICE PRESIDENT-FINANCE & HR	40.00	Officer	$190,854	$33,549	$224,403
JULIE ANDERSON	VICE PRESIDENT - OPERATIONS	40.00	Officer	$94,900	$8,705	$103,605
STEPHEN DAVIS	DIR. OF GOVERNMENT AFFAIRS	40.00	Highest	$116,098	$16,127	$132,225
CHELSEA JURAS	VICE PRESIDENT-STRATEGIC INITIATIVES	40.00	Highest	$154,500	$9,824	$164,324
MAGGIE P PATTERSON	DIRECTOR OF EVENTS	40.00	Highest	$113,875	$16,958	$130,833
SHANQUILLA HAUGABROOK	DIRECTOR OF MEMBERSHIP	40.00	Highest	$105,577	$16,278	$121,855
KIMBERLY CABLE	DIRECTOR OF EDUCATION	40.00	Highest	$103,716	$16,167	$119,883

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	$5,130,963	$4,654,726	$9,471,235	$476,237
2023	$4,622,541	$4,000,235	$9,084,047	$622,306
2022	$4,159,765	$3,777,317	$8,434,331	$382,448
2021	$4,087,197	$3,348,646	$7,985,482	$738,551
2020	$3,280,997	$3,159,738	$7,551,685	$121,259
2019	$4,110,348	$3,698,516	$7,332,154	$411,832
2018	$3,913,834	$3,694,919	$6,733,742	$218,915

ATLANTA APARTMENT ASSOCIATION INC