TENNESSEE APARTMENT ASSOCIATION INC (EIN 621638777) - 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

1996

Legal Domicile

Principal Officer

JAMIE MAHER

Phone

6153653047

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE APARTMENT ASSOCIATION INC, founded in 1996, is a small nonprofit that reported $509K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $461K left a modest 10% surplus.

Mission

TO SERVE AND PROMOTE THE TENNESSEE RENTAL HOUSING INDUSTRY THROUGH ADVOCACY, COLLABORATION 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $196,300

Investment Income $2,458

Other Revenue $310,284

TOTAL REVENUE $509,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $460,503

TOTAL EXPENSES $460,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$509,042	$461,692	+0.1%
Expenses	$460,503	$401,998	+0.1%
Net Income	$48,539	$59,694	-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

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

$125,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE MAHER	CHAIRMAN	0.25	Officer Director	$0	$0	$0
TAMMY LEE	CHAIRMAN-ELECT	0.25	Officer Director	$0	$0	$0
DAVID BROGDON	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
AMANDA LEMLEY	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
CARA MOBER	IMMEDIATE PAST CHAIRMAN	0.25	Officer Director	$0	$0	$0
AMY STREETER	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE MARTIN	DIRECTOR	0.25	Director	$0	$0	$0
MACKENZIE WILK	DIRECTOR	0.25	Director	$0	$0	$0
KIM KLEM MOLCHAN	DIRECTOR	0.25	Director	$0	$0	$0
TABITHA CASTILLO	DIRECTOR	0.25	Director	$0	$0	$0
ANGELA MORRIS	DIRECTOR	0.25	Director	$0	$0	$0
WENDI REINMANN	DIRECTOR	0.25	Director	$0	$0	$0
JESSICA WELCH	DIRECTOR	0.25	Director	$0	$0	$0
AMANDA MORGAN	DIRECTOR	0.25	Director	$0	$0	$0
STEPHANIE BURNS	DIRECTOR	0.25	Director	$0	$0	$0
TRACEY CROWE	DIRECTOR	0.25	Director	$0	$0	$0
EDDIE IVEY	DIRECTOR	0.25	Director	$0	$0	$0
KRISTIN PETERSON	DIRECTOR	0.25	Director	$0	$0	$0
ALICIA OLSEN	DIRECTOR	0.25	Director	$0	$0	$0
LINDSAY NICKELS	DIRECTOR	0.25	Director	$0	$0	$0
GINNY JOHNSON	AUTHORIZED AGENT - GNAA PR	10.00	Officer	$0	$6,322	$125,290

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	$509,042	$460,503	$452,076	$48,539
2022	$461,692	$401,998	$403,537	$59,694
2021	$410,848	$364,851	$343,843	$45,997
2020	$393,592	$378,151	$297,846	$15,441
2019	$389,543	$369,638	$282,405	$19,905
2018	$404,066	$340,022	$262,500	$64,044

TENNESSEE APARTMENT ASSOCIATION INC