ALABAMA APARTMENT ASSOCIATION (EIN 631078442) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

MEGHAN ELDER

Phone

2055457703

Tax Period

2024-01-01 to 2024-12-31

Alabama Apartment Association, founded in 1992, is a small nonprofit that reported $293K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $65K, a strong 22% operating margin.

Mission

TO PROMOTE MEMBERSHIP INTERESTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,986

Program Service Revenue $202,938

Investment Income $7,116

Other Revenue $215,991

TOTAL REVENUE $437,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $452,316

Other Expenses $507,268

TOTAL EXPENSES $507,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,031	$474,887	-0.1%
Expenses	$507,268	$382,636	+0.3%
Net Income	$-70,237	$92,251	-1.8%

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

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

$10,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY ROWLAND	DIRECTOR	0.25	Director	$0	$0	$0
DION FOX	DIRECTOR	0.25	Director	$0	$0	$0
JESSICA FORBUS	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL BEARDEN	DIRECTOR	0.25	Director	$0	$0	$0
JON MARC LARSON	DIRECTOR	0.25	Director	$0	$0	$0
ERIC BRENNAMAN	DIRECTOR	0.25	Director	$0	$0	$0
SARAH TAGGART	DIRECTOR	0.25	Director	$0	$0	$0
JASON CURRAN	DIRECTOR	0.25	Director	$0	$0	$0
PAM BROOKS	DIRECTOR	0.25	Director	$0	$0	$0
TAMMY WYBLE	DIRECTOR	0.25	Director	$0	$0	$0
REAGAN JAGER	DIRECTOR	0.25	Director	$0	$0	$0
SHELBY WADDELL	DIRECTOR	0.25	Director	$0	$0	$0
BRANDY HITSON	DIRECTOR	0.25	Director	$0	$0	$0
KATELYN UTSEY	DIRECTOR	0.25	Director	$0	$0	$0
ZACH GAROVE	DIRECTOR	0.25	Director	$0	$0	$0
AMANDA LYNCH	DIRECTOR	0.25	Director	$0	$0	$0
JUSTIN BROWN	DIRECTOR	0.25	Director	$0	$0	$0
MATT SMITH	DIRECTOR	0.25	Director	$0	$0	$0
LESLIE YEILDING	DIRECTOR	0.25	Director	$0	$0	$0
ALICIA CORTEZ	DIRECTOR	0.25	Director	$0	$0	$0
ALLISON ANDERSON	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINE KESSLER	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE CHILDERS	DIRECTOR	0.25	Director	$0	$0	$0
ELTON WALKER	DIRECTOR	0.25	Director	$0	$0	$0
SHERRI YOUNG	DIRECTOR	0.25	Director	$0	$0	$0
AMANDA WALLACE	DIRECTOR	0.25	Director	$0	$0	$0
JOHN BARTZ	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE VICKERY	DIRECTOR	0.25	Director	$0	$0	$0
JANA SELLERS	DIRECTOR	0.25	Director	$0	$0	$0
KELLI NELSON	DIRECTOR	0.25	Director	$0	$0	$0
LINDSAY VANCE	DIRECTOR	0.25	Director	$0	$0	$0
JOHN NAPPER	DIRECTOR	0.25	Director	$0	$0	$0
TAFT HUGHES	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER THOMPSON	DIRECTOR	0.25	Director	$0	$0	$0
JOSH PHILLIPS	DIRECTOR	0.25	Director	$0	$0	$0
KERSTIN SAVOIE PARRIS	DIRECTOR	0.25	Director	$0	$0	$0
KIMBERLY BULLOCK	DIRECTOR	0.25	Director	$0	$0	$0
ANGIE INGRAM	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN TUCKER	EXECUTIVE COMMITTEE	0.25	Officer Director	$0	$0	$0
CAROLINE SANDERS	EXECUTIVE COMMITTEE	0.25	Officer Director	$0	$0	$0
KAYLA QUINT	FORMER PRESIDENT	0.25	Officer Director	$0	$0	$0
CHARLES LLEWELLYN	PRESIDENT	0.25	Officer Director	$0	$0	$0
RYAN DAUGHERTY	ASSOCIATION EXECUTIVE	0.25	Officer Director	$0	$0	$0
NORM WINSTON	ASSOCIATION EXECUTIVE	0.25	Officer Director	$0	$0	$0
MEGAN ELDER	EXECUTIVE DIRECTOR	40.00	Officer	$10,000	$0	$10,000

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
2025	No data	No data	No data	No data
2025	No data	No data	No data	No data
2024	$437,031	$507,268	$450,688	$-70,237
2023	$567,194	$382,636	$621,759	$184,558
2023	No data	No data	No data	No data
2022	$362,987	$338,907	$428,867	$24,080
2021	$206,753	$185,301	$405,424	$21,452
2020	$185,623	$201,941	$384,946	$-16,318
2019	$303,985	$269,152	$410,385	$34,833
2018	$293,427	$228,530	$364,627	$64,897

ALABAMA APARTMENT ASSOCIATION