Apartment Assoc of Tarrant County (EIN 751296534) - 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

1970

Legal Domicile

Phone

8172841121

Tax Period

2024-01-01 to 2024-12-31

Apartment Assoc of Tarrant County, founded in 1970, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 10% surplus.

Mission

Welfare of Rental Housing

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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 $1,591,061

Program Service Revenue $932,023

Investment Income $102,072

Other Revenue $80,788

TOTAL REVENUE $2,705,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,218,021

Fundraising Expenses $0

Other Expenses $1,227,231

TOTAL EXPENSES $2,445,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,705,944	$2,537,095	+0.1%
Expenses	$2,445,252	$2,261,378	+0.1%
Net Income	$260,692	$275,717	-0.1%

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

225

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

$250,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Pellegrino	Executive Director	40.00	Key Emp Highest	$250,000	$0	$250,000
Bryan Downer	President	6.00	Officer	$0	$0	$0
Sarah Turner	Pres-Elect	6.00	Officer	$0	$0	$0
April Royal	Treasurer	6.00	Officer	$0	$0	$0
Amy Alvarez	Vice-President	6.00	Officer	$0	$0	$0
Nicole Zaitoon	Secretary	6.00	Officer	$0	$0	$0
Patty Uttley	Past President	6.00	Officer	$0	$0	$0
Cayce Coon	Immediate Past President	6.00	Officer	$0	$0	$0
Adam Keck	Director	4.00	Director	$0	$0	$0
Becca Brown	Director	4.00	Director	$0	$0	$0
Cara Glover	Director	4.00	Director	$0	$0	$0
Darcy Bixby	Director	4.00	Director	$0	$0	$0
Heather Cotten	Director	4.00	Director	$0	$0	$0
Jackie Cagle	Director	4.00	Director	$0	$0	$0
Jacob Crockett	Director	4.00	Director	$0	$0	$0
Jamie Woody	Director	4.00	Director	$0	$0	$0
Jimmy McClung	Director	4.00	Director	$0	$0	$0
John Brandes	Director	4.00	Director	$0	$0	$0
Katy Polanco	Director	4.00	Director	$0	$0	$0
Kristen Vick	Director	4.00	Director	$0	$0	$0
Kyle Gambrell	Director	4.00	Director	$0	$0	$0
Laurie Root	Director	4.00	Director	$0	$0	$0
Michelle Flores	Director	4.00	Director	$0	$0	$0
Mike Follis	Director	4.00	Director	$0	$0	$0
T Jaye Cupit-Sanders	Director	4.00	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	$2,705,944	$2,445,252	$2,934,116	$260,692
2023	$2,537,095	$2,261,378	$3,486,942	$275,717
2022	$2,399,480	$2,424,158	$2,951,785	$-24,678
2021	$2,419,564	$1,941,485	$2,773,713	$478,079
2020	$192,399	$202,069	$2,095,597	$-9,670
2019	$1,070,039	$988,718	$1,122,819	$81,321
2018	$938,323	$893,229	$1,005,230	$45,094

Apartment Assoc of Tarrant County