CENTRAL KENTUCKY APARTMENT ASSOCIATION (EIN 610910439) - 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

1980

Legal Domicile

Principal Officer

JENNIFER J WILSON

Phone

8592786540

Tax Period

2024-01-01 to 2024-12-31

CENTRAL KENTUCKY APARTMENT ASSOCIATION, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $376K in total revenue in fiscal year 2024.

Mission

TO ADVOCATE AN ETHICAL AND PROFESSIONAL STANDARD IN ORDER TO BEST SERVE THE MULTI-FAMILY HOUSING INDUSTRY FOR THE COMMUNITY, AND TO ENHANCE THE PROFITABILITY OF ITS MEMBERS THROUGH EDUCATION AND NETWORKING 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 $159,412

Program Service Revenue $177,443

Investment Income $4,679

Other Revenue $34,886

TOTAL REVENUE $376,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,562

Fundraising Expenses $0

Other Expenses $204,239

TOTAL EXPENSES $375,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$376,420	$356,869	+0.1%
Expenses	$375,801	$373,817	+0.0%
Net Income	$619	$-16,948	-1.0%

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

$81,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SMITH	EX-OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN MARSHALL	EX-OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
KATHY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KRISTI THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
SARAH MAY	DIRECTOR	2.00	Director	$0	$0	$0
SARA HENDRICKS	DIRECTOR	2.00	Director	$0	$0	$0
AMIE GREUNKE	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA J WELLS	FORMER EXECUTIVE OFFICER	40.00	Officer	$0	$0	$0
LESLIE MCCLELLAN	PRESIDENT	2.00	Officer	$0	$0	$0
ROBERT JONES	IMMEDIATE PAST PRESIDENT	2.00	Officer	$0	$0	$0
JAMES DECAUSSIN	SECRETARY	2.00	Officer	$0	$0	$0
DANIELLE PORCHE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHAD BISCHOF	TREASURER	2.00	Officer	$0	$0	$0
JENNIFER WILSON	EXECUTIVE OFFICER	40.00	Officer	$81,197	$0	$81,197

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	$376,420	$375,801	$146,166	$619
2023	$356,869	$373,817	$145,084	$-16,948
2022	$359,632	$369,888	$162,032	$-10,256
2021	$315,117	$290,863	$172,288	$24,254
2020	$236,442	$234,406	$148,034	$2,036
2019	$328,281	$311,985	$145,998	$16,296
2018	$316,554	$291,388	$129,702	$25,166

CENTRAL KENTUCKY APARTMENT ASSOCIATION