Apartment Association of North Carolina (EIN 621300896) - 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

1988

Legal Domicile

Principal Officer

Lisa Taylor

Tax Period

2022-01-01 to 2022-12-31

Apartment Association of North Carolina, founded in 1988, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

AANC is dedicated to supporting its member's ever-changing needs through regulatory and legislative advocacy, industry education and communication.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,334,217

Investment Income $1,235

Other Revenue $30,624

TOTAL REVENUE $1,366,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,465

Fundraising Expenses $0

Other Expenses $931,931

TOTAL EXPENSES $1,338,396

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,366,076	$1,135,808	+0.2%
Expenses	$1,338,396	$971,665	+0.4%
Net Income	$27,680	$164,143	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Lisa Taylor	President	Officer Director	$0	$0	$0
Karen Perkins	Vice President	Officer Director	$0	$0	$0
Amanda Siegal Williams	Treasurer	Officer Director	$0	$0	$0
Amy Ritchy	Secretary	Officer Director	$0	$0	$0
Jennings Snider	Past President	Officer Director	$0	$0	$0
Joshua Dick	Director	Director	$0	$0	$0
Norm Praet	Director	Director	$0	$0	$0
Michelle O'Brien	Director	Director	$0	$0	$0
Diedre Quick	Director	Director	$0	$0	$0
Eddie Robertson	Director	Director	$0	$0	$0
Jennifer Pittman	Director	Director	$0	$0	$0
Lisa Taylor	Director	Director	$0	$0	$0
Angela Raupp	Director	Director	$0	$0	$0
Sandra Purcell	Director	Director	$0	$0	$0
Maria Baker	Director	Director	$0	$0	$0
Cindy Clare	Director	Director	$0	$0	$0
Mary Gwyn	Director	Director	$0	$0	$0
Bret Wray	Director	Director	$0	$0	$0
Cindy Nitschke	Director	Director	$0	$0	$0
Rebecca Rosario	Director	Director	$0	$0	$0
Chris Smith	Director	Director	$0	$0	$0
Amy Timocko	Director	Director	$0	$0	$0
April Vasta	Director	Director	$0	$0	$0
Bethany Lykins	Director	Director	$0	$0	$0
Kelly Noble	Director	Director	$0	$0	$0
Karen Spaid	Director	Director	$0	$0	$0
Krysti Keser	Director	Director	$0	$0	$0
Leah Vinansky	Director	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$1,366,076	$1,338,396	$889,726	$27,680
2021	$1,135,808	$971,665	$788,793	$164,143
2020	$1,102,995	$1,041,412	$624,650	$61,583
2019	$940,972	$888,092	$568,065	$52,880
2018	$1,036,479	$970,744	$517,707	$65,735

Apartment Association of North Carolina