GREATER FAYETTEVILLE APARTMENT ASSOCIATION (EIN 611811442) - 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

2016

Legal Domicile

Principal Officer

HEATHER GONZALEZ

Phone

9105809056

Tax Period

2024-01-01 to 2024-12-31

GREATER FAYETTEVILLE APARTMENT ASSOCIATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $196K left a modest 13% surplus.

Mission

THE GREATER FAYETTEVILLE APARTMENT ASSOCIATION STRIVES TO SERVE ITS MEMBERS BY ENRICHING MULTIFAMILY HOUSING EXPERTISE THROUGH EDUCATION AND PROVIDING SUPPORT USING LEADERSHIP AND RESOURCES, WHILST MAINTAINING OUR COMMITMENT TO THE PROGRESSION OF GREATER FAYETTEVILLE AND ITS NEIGHBORING COMMUNITIES.

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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 $134,187

Program Service Revenue $73,732

Investment Income $0

Other Revenue $16,630

TOTAL REVENUE $224,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $196,253

TOTAL EXPENSES $196,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,549	$242,838	-0.1%
Expenses	$196,253	$206,041	0.0%
Net Income	$28,296	$36,797	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER GONZALES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY SEELAND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN PERKINS	OPERATOR MEMBER	1.00	Director	$0	$0	$0
EMILEE WILLIAMSON	TREASURER	1.00	Officer Director	$0	$0	$0
NATALIE HART	SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHAN ELLIOT	OPERATOR MEMBER	1.00	Director	$0	$0	$0
JENNIFER PITTMAN	OPERATOR MEMBER	1.00	Director	$0	$0	$0
WILNILDA CRUZ	OPERATOR MEMBER	1.00	Director	$0	$0	$0
ASHLEE AKINS	SUPPLIER MEMBER	1.00	Director	$0	$0	$0

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	$224,549	$196,253	$187,004	$28,296
2023	$242,838	$206,041	$158,708	$36,797
2022	$226,596	$194,855	$123,021	$31,741
2021	$201,317	$183,306	$90,170	$18,011
2020	$211,492	$179,984	$72,159	$31,508
2019	$221,416	$212,631	$40,651	$8,785

GREATER FAYETTEVILLE APARTMENT ASSOCIATION