PERMIAN BASIN APARTMENT ASSOCIATION (EIN 751875806) - 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

1983

Legal Domicile

Principal Officer

SYLVIA LACY

Phone

4325631278

Tax Period

2023-01-01 to 2023-12-31

PERMIAN BASIN APARTMENT ASSOCIATION, founded in 1983, is a small nonprofit that reported $256K in total revenue in fiscal year 2023.

Mission

CULTIVATE GOOD BUSINESS PRACTICE FOR THE MULTI-HOUSING 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 (2023)

Revenue Breakdown

Contributions & Grants $215,716

Program Service Revenue $0

Investment Income $441

Other Revenue $39,686

TOTAL REVENUE $255,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,025

Fundraising Expenses $0

Other Expenses $205,714

TOTAL EXPENSES $269,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,843	$244,494	+0.0%
Expenses	$269,739	$283,382	0.0%
Net Income	$-13,896	$-38,888	-0.6%

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

Total Directors

$59,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYLVIA LACEY	ASSOC EXECUTIVE	30.00	Director	$59,705	$0	$59,705
JAMES ELLIOT	President	4.00	Officer	$0	$0	$0
JAYCE RODRIGUEZ	TREASURER/SECRETARY	4.00	Officer	$0	$0	$0
ASHLEY JENKINS	BOARD MEMBER	1.00	Officer	$0	$0	$0
TIFFANY ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DALLAS RIVERIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGUEL SAMBA SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISSA JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY CAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MISTY STEWART	SECRETARY	1.00	Director	$0	$0	$0
BRANDI COMBS	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON SIMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE ROBINSON	VP	4.00	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	No data	No data	No data	No data
2023	$255,843	$269,739	$171,193	$-13,896
2022	$244,494	$283,382	$181,756	$-38,888
2021	$261,652	$211,375	$220,190	$50,277
2020	$223,697	$190,435	$167,585	$33,262
2019	$217,514	$169,447	$134,008	$48,067
2018	$198,271	$171,113	$85,897	$27,158

PERMIAN BASIN APARTMENT ASSOCIATION