SOUTHEASTERN AFFORDABLE HOUSING MANAGEMENT ASSOCIATION INC (EIN 581530855) - 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

1982

Legal Domicile

Principal Officer

ELIZABETH EDDY

Phone

8007454088

Tax Period

2024-01-01 to 2024-12-31

SOUTHEASTERN AFFORDABLE HOUSING MANAGEMENT ASSOCIATION INC, founded in 1982, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. The organization ran a surplus of $326K, a strong 15% operating margin.

Mission

PROVIDE COMPREHENSIVE AND TIMELY SERVICE AND REPRESENTATION TO AND FOR ITS MEMBERS AND THE AFFORDABLE HOUSING INSUSTRY THROUGH ADVOCACY, NETWORKING AND EDUCATION. ACTIVITIES INCLUDE AN ANNUAL CONFERENCE, ANNUAL STATE MEETINGS, LOCAL EDUCATIONAL SEMINARS, AND VARIOUS OTHER EDUCATIONAL AND NETWORKING OFFERINGS AND OPPORTUNITIES.

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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 $340,041

Program Service Revenue $1,621,230

Investment Income $148,884

Other Revenue $0

TOTAL REVENUE $2,110,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,641

Fundraising Expenses $0

Other Expenses $1,377,885

TOTAL EXPENSES $1,784,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,110,155	$1,960,020	+0.1%
Expenses	$1,784,526	$1,588,658	+0.1%
Net Income	$325,629	$371,362	-0.1%

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

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
SONJA HORN MCGAHA	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
GLENDA LEDUC	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN HARRIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS MCWILLIAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
THERESA MERRYMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE CUTILLO	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT ALDERMAN	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
MATT BRANDON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LEROY MOORE	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN CHUNG	DIRECTOR	2.00	Director	$0	$0	$0
ANITA DARNALL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMIE KERR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG HALL	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE HAYNES	DIRECTOR	2.00	Director	$0	$0	$0
LEIONA NEWELL	DIRECTOR	2.00	Director	$0	$0	$0
MAGGIE MURTAUGH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ADAM CASTLEBERRY	DIRECTOR	2.00	Director	$0	$0	$0
JEFF WIRRICK	DIRECTOR	2.00	Director	$0	$0	$0
TONY JONES	DIRECTOR	2.00	Director	$0	$0	$0
MARK HORTON	DIRECTOR	2.00	Director	$0	$0	$0
SANDY HINSON	DIRECTOR	2.00	Director	$0	$0	$0
ALFREDO MARTINEZ-ALVAREZ JR	DIRECTOR	2.00	Director	$0	$0	$0
LAYNE HURST	DIRECTOR	2.00	Director	$0	$0	$0
ERIC KAGER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH EDDY	EXECUTIVE DIRECTOR	50.00	Highest	$143,561	$3,000	$146,561

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	$2,110,155	$1,784,526	$4,356,298	$325,629
2023	$1,960,020	$1,588,658	$4,131,543	$371,362
2022	$1,732,278	$1,419,801	$3,835,948	$312,477
2021	$1,105,572	$874,044	$3,339,035	$231,528
2020	$1,032,214	$893,381	$3,043,038	$138,833

SOUTHEASTERN AFFORDABLE HOUSING MANAGEMENT ASSOCIATION INC