LOUISVILLE APARTMENT ASSOCIATION INC (EIN 610721891) - 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

1966

Legal Domicile

Principal Officer

JD CAREY

Phone

5024266140

Tax Period

2025-01-01 to 2025-12-31

LOUISVILLE APARTMENT ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $530K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

Mission

THE ORGANIZATION IS A TRADE ORGANIZATION WHICH EXISTS TO PROMOTE THE INTERESTS OF PERSONS, FIRMS AND CORPORATIONS WHO DEVELOP, OWN, MANAGE OR SUPPLY GOODS AND SERVICES TO THE MULTI-FAMILY RESIDENTIAL HOUSING INDUSTRY, WITHIN THE DESIGNATED MEMBERSHIP CHARTER PROVIDED BY THE NATIONAL APARTMENT ASSOCIATION.

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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 $5,929

Program Service Revenue $375,639

Investment Income $6,516

Other Revenue $141,447

TOTAL REVENUE $529,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,537

Fundraising Expenses $0

Other Expenses $276,733

TOTAL EXPENSES $558,270

Year-over-Year Comparison

	2025	2024	Change
Revenue	$529,531	$572,628	-0.1%
Expenses	$558,270	$565,857	0.0%
Net Income	$-28,739	$6,771	-5.2%

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

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

$131,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA DYKES	PRESIDENT	2.00	Officer Director	$0	$0	$0
JODY OFFUTT	SENIOR VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIFFANY NOLOT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGHAN BRAKMEIER	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAY CRALLE	TREASURER	2.00	Officer Director	$0	$0	$0
LUCY PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PITT	DIRECTOR	2.00	Director	$0	$0	$0
MARK LECHNER	DIRECTOR	2.00	Director	$0	$0	$0
TIM MULLOY	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS YATES	DIRECTOR	2.00	Director	$0	$0	$0
LAURA VANCE	DIRECTOR	2.00	Director	$0	$0	$0
DEREK VANVACTOR	DIRECTOR	2.00	Director	$0	$0	$0
DAVID AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
BILL LEFFEW	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE RAWN	DIRECTOR	2.00	Director	$0	$0	$0
AUSTIN ENGLISH	DIRECTOR	2.00	Director	$0	$0	$0
JD CAREY	EXECUTIVE DIRECTOR	40.00	Officer	$118,566	$12,943	$131,509

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	$529,531	$558,270	$830,768	$-28,739
2024	No data	No data	No data	No data
2023	$522,853	$558,008	$852,736	$-35,155
2022	$550,219	$612,666	$887,891	$-62,447
2021	$466,841	$520,926	$950,338	$-54,085
2020	$322,806	$462,257	$1,005,753	$-139,451

LOUISVILLE APARTMENT ASSOCIATION INC