ARKANSAS APARTMENT ASSOCIATION

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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

2015

Legal Domicile

Phone

5014133933

Tax Period

2024-01-01 to 2024-12-31

ARKANSAS APARTMENT ASSOCIATION, founded in 2015, is a small nonprofit in the Unknown sector that reported $346K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE ARKANSAS APARTMENT ASSOCIATION INC IS A NON-PROFIT ORGANIZATION DEDICATED TO THE PROFESSIONAL ADVANCEMENT OF THE APARTMENT INDUSTRY IN CENTRAL ARKANSAS. IT IS A COALITION

Program Service Accomplishments

Program 1

Expenses: $378,681 Revenue: $345,885

A DIVERSER GROP OF LEADERS WHO REPRESENT APARTMENT COMMUNITIES, SUPPLIES, MANAGEMENT COMPANIES AND OWNERS BY PROVIDING MULTIFAMILY EDUCATION,CHARITABLE CONTRIBUTIONS, LEGISLATIVE ADVOCAY AND...

A DIVERSER GROP OF LEADERS WHO REPRESENT APARTMENT COMMUNITIES, SUPPLIES, MANAGEMENT COMPANIES AND OWNERS BY PROVIDING MULTIFAMILY EDUCATION,CHARITABLE CONTRIBUTIONS, LEGISLATIVE ADVOCAY AND COMMUNITY PARTNERSHIPS. ALL INCOME IS GENERATED FROM MEMBERSHIP DUES.

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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 $345,885

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $345,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,729

Fundraising Expenses $0

Program Expenses $378,681

Other Expenses $248,952

TOTAL EXPENSES $378,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,885	$294,505	+0.2%
Expenses	$378,681	$300,534	+0.3%
Net Income	$-32,796	$-6,029	+4.4%

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
KENDRA BUTTERFIELD	VICE PRESIDENT	0.00	Officer	$0	$0	$0
MELODY DELONE	PRESIDENT	0.00	Officer	$0	$0	$0
HEATHER GRAVES	SECRETARY	0.00	Officer	$0	$0	$0
PATRICE HICKS	TREASURER	0.00	Officer	$0	$0	$0
TISHAN MITCHELL JACKSON	EXECUTIVE DIRECTOR	40.00	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
2024	$345,885	$378,681	$230,337	$-32,796
2023	$294,505	$300,534	$272,703	$-6,029
2022	$280,591	$213,246	$323,734	$67,345
2021	$270,365	$178,210	$256,389	$92,155