APARTMENT ASSOCIATION OF GREATER KNOXVIL

EIN: 621545332

KNOXVILLE, TN

Total Revenue
$163,729
Total Expenses
$154,433
Total Assets
$79,602
Net Assets
$78,954
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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
1993
Legal Domicile
TN
Principal Officer
ANN FELKNOR
Phone
8655888961
Tax Period
2023-01-01 to 2023-12-31

APARTMENT ASSOCIATION OF GREATER KNOXVIL, founded in 1993, is a small nonprofit that reported $164K in total revenue in fiscal year 2023. Expenses of $154K left a modest 6% surplus.

Mission

APARTMENT ASSOCIATION OF GREATER KNOXVILLE FURTHERS THE DEVELOPMENT OF THE MULTI-FAMILY HOUSING INDUSTRY BY PROVIDING MEMBERSHIP TO INDIVIDUALS AND ASSOCIATE FIRMS ENGAGED IN ACTIVITIES RELATED TO THE PLANNING, CONSTRUCTION, MAINTENANCE, MANAGEMENT, AND OWNERSHIP OF MULTI-FAMILY HOUSING. MEMBERS GATHER, EXCHANGE, AND DISSEMINATE TECHNICAL DATA IN ORDER TO PROVIDE THE INDUSTRY WITH MORE AND BETTER MULTI-FAMILY HOUSING. THE ASSOCIATION ENCOURAGES A BETTER HOUSING ENVIRONMENT BY CONSULTING WITH GOVERNMENT OFFICIALS IN THE DRAFTING AND ENACTMENT OF LAWS AND REGULATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $138,389
Investment Income $0
Other Revenue $25,340
TOTAL REVENUE $163,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,175
Fundraising Expenses $0
Program Expenses $154,433
Other Expenses $88,258
TOTAL EXPENSES $154,433

Year-over-Year Comparison

2023 2022 Change
Revenue $163,729 $162,036 +0.0%
Expenses $154,433 $141,374 +0.1%
Net Income $9,296 $20,662 -0.6%
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

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Governance

Voting Members
13
Independent Members
13
Employees
2
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
3
$60,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN FELKNOR EXECUTIVE DIRECTOR 40.00
Officer
$60,000 $0 $60,000
ANGELA MORRIS PRESIDENT 2.00
Officer
$0 $0 $0
ALICE OVERHOLT VICE PRESIDENT 1.00
Officer
$0 $0 $0
ZACH BRINKER SECRETARY/TREASURER 2.00
Director
$0 $0 $0
ALAN COZART MAINT. COUNCIL PRESIDENT 1.00
Director
$0 $0 $0
TABITHA CASTILLO RMA PRESIDENT 2.00
Director
$0 $0 $0
MACEY HOLDEN GARKOVICH DIRECTOR 1.00
Director
$0 $0 $0
KELLY DUNCAN DIRECTOR 1.00
Director
$0 $0 $0
GABRIELE PRESTON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA SEXTON DIRECTOR 1.00
Director
$0 $0 $0
TRISTA STRONG DIRECTOR 1.00
Director
$0 $0 $0
BETH BOWMAN DIRECTOR 2.00
Director
$0 $0 $0
KRISTY CORLEY DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY KEEN DIRECTOR 2.00
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 No data No data No data No data
2023 $163,729 $154,433 $79,602 $9,296
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