South East Florida Apartment Assoc… - Form 990 Financial Data

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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

Francesca Radabaugh

Phone

5614470696

Tax Period

2024-01-01 to 2024-12-31

South East Florida Apartment Association Inc, founded in 1988, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $310K, a strong 15% operating margin.

Mission

To serve the apartment industry by providing education, career advancment, professional networking, volunteer leadership development and participation in state and national association activities, including hosting cam, fair housing, EPA, legal and other seminars.

Program Service Accomplishments

Program 1

Expenses: $774,079

Exhibition organized to showcase an demonstrate membership of the apartment association, and related tradeshows

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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 $1,094,424

Program Service Revenue $831,566

Investment Income $119,019

Other Revenue $0

TOTAL REVENUE $2,045,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $774,079

Other Expenses $1,735,009

TOTAL EXPENSES $1,735,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,045,009	$1,964,071	+0.0%
Expenses	$1,735,009	$1,404,227	+0.2%
Net Income	$310,000	$559,844	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Lewis	President Elect	001.00	Officer	$0	$0	$0
Sara Cox	President	001.00	Officer	$0	$0	$0
Alicia Rice	Treasurer	001.00	Officer	$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
2025	No data	No data	No data	No data
2024	$2,045,009	$1,735,009	$3,980,342	$310,000
2023	$1,964,071	$1,404,227	$4,158,105	$559,844
2022	$1,604,896	$1,331,106	$3,592,689	$273,790
2021	$1,085,427	$899,167	$2,869,015	$186,260
2020	$961,029	$811,591	$2,602,340	$149,438
2019	$1,305,655	$978,389	$2,437,262	$327,266
2018	$1,309,054	$949,887	$2,057,556	$359,167

South East Florida Apartment Association Inc