TEXAS APARTMENT ASSOCIATION EDUCATION FOUNDATION (EIN 743021477) - 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

2001

Legal Domicile

Principal Officer

CHRIS NEWTON

Phone

5124796252

Tax Period

2024-01-01 to 2024-12-31

TEXAS APARTMENT ASSOCIATION EDUCATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $412K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 32% operating margin.

Mission

EDUCATES TEXANS ABOUT CAREER OPPORTUNITIES IN THE RENTAL HOUSING INDUSTRY AND WORKS WITH OUR LOCAL APARTMENT ASSOCIATION AND WORKFORCE DEVELOPMENT PARTNERS TO SUPPORT TRAINING PROGRAMS FOR THOSE NEW TO THE INDUSTRY.

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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 $381,196

Program Service Revenue $0

Investment Income $34,333

Other Revenue $-3,526

TOTAL REVENUE $412,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,272

Fundraising Expenses $19,388

Program Expenses $243,092

Other Expenses $94,604

TOTAL EXPENSES $281,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,003	$268,135	+0.5%
Expenses	$281,876	$270,101	+0.0%
Net Income	$130,127	$-1,966	-67.2%

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

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

$677,098

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HURLEY	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
DEMETRIO JIMENEZ	PAST PRESIDENT	1.00	Director	$0	$0	$0
KELLEY LISERIO	DIRECTOR	1.00	Director	$0	$0	$0
RENEE ZAHN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RUST	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WHATCOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT JONES	DIRECTOR	1.00	Director	$0	$0	$0
AMBER FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
JENIFER PANERAL	DIRECTOR	1.00	Director	$0	$0	$0
ALVINO ROSALES	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT GILLISPIE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH TURNER	DIRECTOR	1.00	Director	$0	$0	$0
GARY BLUMBERG	PAST PRESIDENT	1.00	Director	$0	$0	$0
HUGH COBB	PAST PRESIDENT	1.00	Director	$0	$0	$0
CHRIS NEWTON	CEO	5.00	Officer	$0	$50,298	$677,098
REBECCA RAMATI	VP TAAEF	40.00	Highest	$140,431	$37,224	$177,655

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	$412,003	$281,876	$896,136	$130,127
2023	$268,135	$270,101	$873,642	$-1,966
2022	$140,264	$269,521	$802,434	$-129,257
2021	$81,283	$204,300	$996,439	$-123,017
2021	$86,461	$150,286	$930,284	$-63,825
2020	$112,959	$305,057	$1,121,514	$-192,098

TEXAS APARTMENT ASSOCIATION EDUCATION FOUNDATION