Greater Charlotte Apartment Associ… - Form 990 Financial Data

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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

Principal Officer

Kim Graham

Phone

7043349511

Tax Period

2023-01-01 to 2023-12-31

Greater Charlotte Apartment Association is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 9% surplus.

Mission

The GCAA promotes the interests of its members through legislative advocacy, education and networking; and supports housing quality, value and choice throughout the Greater Charlotte community

Program Service Accomplishments

Program 1

Expenses: $613,131

Support Programs consists of primarily Legislative activities that assist our members in advocating for policies, guidelines, and governmental regulations that benefit their business interest.

Program 2

Expenses: $418,894

Programs consists of all National Apartment Association Education Institute credential training classes as well as continuing education seminars/workshops for both members and the general public.

Program 3

Expenses: $342,026

Memberships consists of all member service and member support activities such as administration of database, registration for events, and similar activities.

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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 $113,914

Program Service Revenue $1,676,524

Investment Income $9,110

Other Revenue $280,993

TOTAL REVENUE $2,080,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $848,405

Fundraising Expenses $0

Program Expenses $1,374,051

Other Expenses $1,052,903

TOTAL EXPENSES $1,901,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,080,541	$1,756,460	+0.2%
Expenses	$1,901,308	$1,639,561	+0.2%
Net Income	$179,233	$116,899	+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

150

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

$212,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Graham	Executive Dir.	40.00	Officer	$212,381	$0	$212,381
Chris Moffett	Director	1.00	Director	$0	$0	$0
Deidre Quick	Director	1.00	Director	$0	$0	$0
Jami Anderson	Director	2.00	Director	$0	$0	$0
LaPorte Alisha	Director	1.00	Director	$0	$0	$0
Gabrielle Bouknight	Vice President	1.00	Officer Director	$0	$0	$0
Patrick Johnson	Director	1.00	Director	$0	$0	$0
Jennifer Ipock	Director	1.00	Director	$0	$0	$0
John DeMario	President	1.00	Officer Director	$0	$0	$0
John Scott Trotter	Director	2.00	Director	$0	$0	$0
Dana Flaherty	Director	1.00	Director	$0	$0	$0
Brian Brand	Director	1.00	Director	$0	$0	$0
Michelle O'Brien	Director	1.00	Director	$0	$0	$0
Russell Tindall	Past President	1.00	Director	$0	$0	$0
Brianna Wood	Director	1.00	Director	$0	$0	$0
Shane Raby	Director	1.00	Director	$0	$0	$0
Jay Rawls	Treasurer	1.00	Officer Director	$0	$0	$0
Eddie Robertson	Director	1.00	Director	$0	$0	$0
Michael Susen	Director	1.00	Director	$0	$0	$0
Bill Clements	Secretary	1.00	Officer Director	$0	$0	$0
Michael Tubridy	Director	1.00	Director	$0	$0	$0
Jamie Sexton	Director	1.00	Director	$0	$0	$0
Maryam Zeledon	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	$2,080,541	$1,901,308	$1,319,032	$179,233
2022	$1,756,460	$1,639,561	$1,139,799	$116,899
2021	$1,609,829	$1,252,640	$1,022,900	$357,189
2020	$1,128,504	$1,335,139	$665,711	$-206,635
2019	$1,775,432	$1,585,677	$872,346	$189,755
2018	$1,544,461	$1,495,541	$682,591	$48,920

Greater Charlotte Apartment Association