ASSOCIATION OF PROGRESSIVE RENTAL ORGANIZATIONS (EIN 742139872) - 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

1980

Legal Domicile

Principal Officer

CHARLES SMITHERMAN

Phone

8002042776

Tax Period

2023-12-01 to 2024-11-30

ASSOCIATION OF PROGRESSIVE RENTAL ORGANIZATIONS, founded in 1980, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 10% surplus.

Mission

APRO IS COMMITTED TO BEING THE NATIONAL RENTAL-PURCHASE TRADE ASSOCIATION.

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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 $2,239,805

Investment Income $124,729

Other Revenue $42,451

TOTAL REVENUE $2,406,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,838

Fundraising Expenses $0

Other Expenses $1,410,465

TOTAL EXPENSES $2,171,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,406,985	$2,190,144	+0.1%
Expenses	$2,171,303	$2,005,574	+0.1%
Net Income	$235,682	$184,570	+0.3%

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

Volunteers

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

$127,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SMITHERMAN	CEO	40.00	Officer	$108,524	$159	$108,683
JILL MCCLURE	CEO (01/23)	40.00	Officer	$15,950	$2,863	$18,813
JEN TROKE	VP OF MEMBER	40.00	Highest	$103,795	$15,868	$119,663
MICHAEL BENNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL FISHER	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
CHAD FOSDICK	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
TRENT AGIN	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL GEORGE	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ROSE	DIR. (12/23-	1.00	Director	$0	$0	$0
DENNIS ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARK CONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
BILL FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HARRISON	DIR. (12/23-	1.00	Director	$0	$0	$0
MICHAEL HELTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HESSE	DIR. (12/23-	1.00	Director	$0	$0	$0
ERNIE LEWALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
BYRAN PECHERSKY	DIRECTOR	1.00	Director	$0	$0	$0
GOPAL REDDY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STRONG	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SMITH	DIR. (8/24-1	1.00	Director	$0	$0	$0
SHANNON STRUNK	DIR. (8/24-1	1.00	Director	$0	$0	$0
TRAVIS ROBBINS	DIR. (1/24-1	1.00	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	$2,406,985	$2,171,303	$2,344,483	$235,682
2023	$2,190,144	$2,005,574	$1,992,054	$184,570
2022	$2,127,726	$1,917,204	$1,773,745	$210,522
2021	$1,914,680	$1,695,707	$1,550,049	$218,973
2020	$1,261,678	$1,165,879	$1,339,875	$95,799
2019	$1,743,532	$1,649,053	$1,228,628	$94,479
2018	$2,233,392	$1,962,586	$1,134,149	$270,806

ASSOCIATION OF PROGRESSIVE RENTAL ORGANIZATIONS