FLORIDA APARTMENT ASSOCIATION

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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

1970

Legal Domicile

Principal Officer

LENNON TATUM

Phone

4079602910

Tax Period

2025-01-01 to 2025-12-31

FLORIDA APARTMENT ASSOCIATION, founded in 1970, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2025. Expenses of $7.2M left a modest 6% surplus.

Mission

FAA IS THE LEADER IN ADVOCATING FOR AND ADVANCING THE RENTAL HOUSING INDUSTRY IN FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $5,808,089 Revenue: $7,587,864

THE FLORIDA APARTMENT ASSOCIATION IS A FEDERATION OF ASSOCIATIONS REPRESENTING AND ADVOCATING THE INTERESTS OF THE MULITFAMILY APARTMENT RENTAL HOUSING INDUSTRY IN FLORIDA.

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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 $471,867

Program Service Revenue $7,429,509

Investment Income $91,945

Other Revenue $-387,697

TOTAL REVENUE $7,605,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,048,825

Fundraising Expenses $0

Program Expenses $5,808,089

Other Expenses $6,105,943

TOTAL EXPENSES $7,154,768

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,605,624	$7,477,368	+0.0%
Expenses	$7,154,768	$7,051,066	+0.0%
Net Income	$450,856	$426,302	+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

200

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

$330,531

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERI PFEIFER	PRESIDENT	5.00	Officer Director	$0	$0	$0
JORDAN MORA-PETRAS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LEE ROGERS	TREASURER	5.00	Officer Director	$0	$0	$0
CINDY ODOM	SECRETARY	5.00	Officer Director	$0	$0	$0
RICARDO ALICEA	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
MAURICE WILLIAMS	FSC CHAIRMAN	5.00	Officer Director	$0	$0	$0
FRANCESCA RADABAUGH	AEC CHAIRMAN	5.00	Officer Director	$0	$0	$0
EDDY PEREZ	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MOSSOROFO	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH PRICE	DIRECTOR	2.00	Director	$0	$0	$0
KATHY HENSLEY	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN HENDRY	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA RICE	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA FLOOD	DIRECTOR	2.00	Director	$0	$0	$0
AMBER WELCH	DIRECTOR	2.00	Director	$0	$0	$0
AMY BAKER	DIRECTOR	2.00	Director	$0	$0	$0
BEN ZEIGLER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HARTMANN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA RIGHTLEY	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
DOMONIQUE MESSEROFF	DIRECTOR	2.00	Director	$0	$0	$0
HECTOR MORA-PETRAS	DIRECTOR	2.00	Director	$0	$0	$0
JOHNNY DE LA ESPRIELLA	DIRECTOR	2.00	Director	$0	$0	$0
JULIA FURBER	DIRECTOR	2.00	Director	$0	$0	$0
KARA BONZHEIM	DIRECTOR	2.00	Director	$0	$0	$0
KEN FURTAW	DIRECTOR	2.00	Director	$0	$0	$0
LORI AGUDO	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA DUGAS	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH TORRES	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
REBBA JONES	DIRECTOR	2.00	Director	$0	$0	$0
ROSE NURSE	DIRECTOR	2.00	Director	$0	$0	$0
SARA COX	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY WATSON	DIRECTOR	2.00	Director	$0	$0	$0
KATIE DUNLAVY	DIRECTOR	2.00	Director	$0	$0	$0
JIMMY CHESTNUT	DIRECTOR	2.00	Director	$0	$0	$0
LENNON CHIP TATUM	EXECUTIVE VICE PRESIDENT	40.00	Officer	$196,566	$0	$196,566
AMANDA WHITE	VICE PRESIDENT	40.00	Officer	$133,965	$0	$133,965

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	$7,605,624	$7,154,768	$3,880,947	$450,856
2024	$7,477,368	$7,051,066	$3,401,579	$426,302
2023	$7,031,725	$6,653,513	$3,092,638	$378,212
2022	$4,943,837	$5,092,164	$3,845,102	$-148,327
2021	$5,209,574	$4,653,912	$2,248,938	$555,662
2020	$3,389,105	$3,365,957	$2,272,784	$23,148
2019	$3,994,115	$4,008,648	$1,697,722	$-14,533
2018	$3,790,895	$3,583,826	$1,728,920	$207,069