FLORIDA APARTMENT ASSOCIATION (EIN 591309017) - 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

1970

Legal Domicile

Principal Officer

CHIP TATUM

Phone

4079602910

Tax Period

2024-01-01 to 2024-12-31

FLORIDA APARTMENT ASSOCIATION, founded in 1970, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Expenses of $7.1M left a modest 6% surplus.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $443,887

Program Service Revenue $6,765,393

Investment Income $53,801

Other Revenue $214,287

TOTAL REVENUE $7,477,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,037,092

Fundraising Expenses $0

Program Expenses $5,682,629

Other Expenses $6,013,974

TOTAL EXPENSES $7,051,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,477,368	$7,031,725	+0.1%
Expenses	$7,051,066	$6,653,513	+0.1%
Net Income	$426,302	$378,212	+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

N/A

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

$337,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY CHESTNUT	IMMEDIATE PAST PRESIDENT	1.00	Officer	$0	$0	$0
JORDAN PETRAS	TREASURER	1.00	Officer	$0	$0	$0
KERI WALKER PFEIFER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RICARDO ALICEA	PRESIDENT	1.00	Officer	$0	$0	$0
FRANCESCA RADABAUGH	AEC CHAIRMAN	1.00	Officer	$0	$0	$0
LENNON CHIP TATUM	EXECUTIVE VICE PRESIDENT	40.00	Officer	$204,000	$0	$204,000
RYAN MCCAIN	GENERAL COUNCEL	1.00	Officer	$0	$0	$0
LEE ROGERS	SECRETARY	1.00	Officer	$0	$0	$0
HEATHER CALDERONE	FSC CHAIRMAN	1.00	Officer	$0	$0	$0
AMANDA WHITE	VICE PRESIDENT	40.00	Officer	$133,840	$0	$133,840

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	$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

FLORIDA APARTMENT ASSOCIATION