Apartment Association of the Panhandle (EIN 751790074) - 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

1982

Legal Domicile

Principal Officer

Elexi Norton

Phone

8063556391

Tax Period

2025-01-01 to 2025-12-31

Apartment Association of the Panhandle, founded in 1982, is a small nonprofit that reported $286K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Education and assistance with apartment management.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $239,098

Investment Income $1,207

Other Revenue $45,485

TOTAL REVENUE $285,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,311

Fundraising Expenses $0

Other Expenses $161,893

TOTAL EXPENSES $292,204

Year-over-Year Comparison

	2025	2024	Change
Revenue	$285,790	$262,323	+0.1%
Expenses	$292,204	$234,388	+0.2%
Net Income	$-6,414	$27,935	-1.2%

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

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

$66,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elexi Norton	Executive Director	40.00	Officer	$66,980	$0	$66,980
Angelica Cunningham	President	7.00	Officer Director	$0	$0	$0
Susan Webb	President Elect	5.00	Officer Director	$0	$0	$0
Kristen DeNoyer	Secretary/Treasurer	5.00	Officer Director	$0	$0	$0
Becky Taylor	Immediate Past President	5.00	Officer Director	$0	$0	$0
Brian Mack	Director	1.00	Director	$0	$0	$0
Hugh Reed	Director	1.00	Director	$0	$0	$0
Ryan Whitley	Director	1.00	Director	$0	$0	$0
Barry Bogue	Director	1.00	Director	$0	$0	$0
Bill Chudej CPM CCIM	Director	1.00	Director	$0	$0	$0
Cecil Hawkins CPT USN Retired	Director	1.00	Director	$0	$0	$0
Melanie White	Director	1.00	Director	$0	$0	$0
Christy Ufford	Director	1.00	Director	$0	$0	$0
Jody Barrett	Director	1.00	Director	$0	$0	$0
Christopher Garcia	Director	1.00	Director	$0	$0	$0
Deven Wright	Director	1.00	Director	$0	$0	$0
Ronald Taylor	Director	1.00	Director	$0	$0	$0
Mackenzie Sandstrom	Director	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
2025	$285,790	$292,204	$201,616	$-6,414
2024	$262,323	$234,388	$204,257	$27,935
2023	$220,525	$237,625	$184,845	$-17,100
2022	$231,167	$238,599	$151,235	$-7,432
2020	$225,436	$212,743	$125,295	$12,693
2019	$236,351	$239,992	$111,330	$-3,641

Apartment Association of the Panhandle