APARTMENT ASSOCIATION OF CENTRAL TEXAS (EIN 742308985) - 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

1985

Legal Domicile

Principal Officer

Kelly Vann

Tax Period

2024-01-01 to 2024-12-31

APARTMENT ASSOCIATION OF CENTRAL TEXAS, founded in 1985, is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 6% surplus.

Mission

To provide education & Training networking events and community outreach to apartment manager members of the organization.

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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 $29,364

Program Service Revenue $189,813

Investment Income $592

Other Revenue $18,955

TOTAL REVENUE $238,724

Expense Breakdown

Grants Paid $181

Salaries & Benefits $68,947

Fundraising Expenses $0

Program Expenses $163,301

Other Expenses $155,904

TOTAL EXPENSES $225,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,724	$189,126	+0.3%
Expenses	$225,032	$184,159	+0.2%
Net Income	$13,692	$4,967	+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

60866

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

$60,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Makenna Caffey	Director	1.00	Director	$0	$0	$0
Craig Sinkwich	Director	2.00	Director	$0	$0	$0
Mandy Lykins	Director	1.00	Director	$0	$0	$0
Kim Stanford	Director	1.00	Director	$0	$0	$0
Latasha McCombs	President	5.00	Officer	$0	$0	$0
AJ Tibbits	Vice President	2.00	Officer	$0	$0	$0
Robert Price	Secretary	1.00	Officer	$0	$0	$0
Toni Rackley	Director	2.00	Officer	$0	$0	$0
Kelly Vann	Executive Director	40.00	Officer	$54,866	$0	$60,866
Lisamarie Mcgaughey	Secretary	2.00	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	$238,724	$225,032	$177,630	$13,692
2023	$189,126	$184,159	$150,307	$4,967
2022	$207,992	$192,673	$148,850	$15,319

APARTMENT ASSOCIATION OF CENTRAL TEXAS