Apartment Life Inc (EIN 752868621) - 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

2000

Legal Domicile

Principal Officer

Sommer Clayman

Phone

8177265167

Tax Period

2024-01-01 to 2024-12-31

Apartment Life Inc, founded in 2000, is a mid-sized nonprofit in the Religion sector that reported $32.2M in total revenue in fiscal year 2024.

Mission

Apartment Life helps apartment owners care for residents by connecting them in relationships which helps improve the communitys financial performance through online reputation resident satisfaction and resident retention. Learn more at http: apartmentlife.org.

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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 $23,302,595

Program Service Revenue $8,533,014

Investment Income $278,762

Other Revenue $80,514

TOTAL REVENUE $32,194,885

Expense Breakdown

Grants Paid $15,870,240

Salaries & Benefits $13,040,272

Fundraising Expenses $781,117

Program Expenses $29,754,842

Other Expenses $2,855,759

TOTAL EXPENSES $31,766,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,194,885	$31,052,845	+0.0%
Expenses	$31,766,271	$30,126,166	+0.1%
Net Income	$428,614	$926,679	-0.5%

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

267

Volunteers

2500

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

$725,714

Total Directors

$396,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pete Kelly	CEO	40.00	Officer Director	$271,519	$0	$271,519
Kelly Kimberlin	Divisional Pres	40.00	Highest	$184,056	$0	$184,056
Kelly Jones	COO	40.00	Officer	$183,971	$0	$183,971
David Marshall	Divisional Pres	40.00	Highest	$158,740	$0	$158,740
Jaclyn Ratzlaff	Divisional Pres	40.00	Highest	$168,308	$0	$168,308
Kiley Sharp	Divisional Pres	40.00	Highest	$158,869	$0	$158,869
Randall Ginnan	VP Ptnr Relations	40.00	Highest	$159,025	$0	$159,025
Ryan Williams	CPO	40.00	Officer	$137,191	$0	$137,191
Stan Dobbs	Founder	40.00	Director	$125,000	$0	$125,000
Sommer Clayman	CFO	40.00	Officer	$133,033	$0	$133,033
David Moore	Director	0.00	Director	$0	$0	$0
John Hinckley	Director	0.00	Director	$0	$0	$0
Chris Wheel	Director	0.00	Director	$0	$0	$0
Ernest Martin	Director	0.00	Director	$0	$0	$0
Roger Beless	Director	0.00	Director	$0	$0	$0
Tom Bumpass	Director	0.00	Director	$0	$0	$0
Chantel McHenry	Director	0.00	Director	$0	$0	$0
Bruno Molina	Director	0.00	Director	$0	$0	$0
David Oelfke	Director	0.00	Director	$0	$0	$0
Zach Springer	Director	0.00	Director	$0	$0	$0
Donna Summers	Director	0.00	Director	$0	$0	$0
JoAnn Blaylock	Director	0.00	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	$32,194,885	$31,766,271	$8,271,165	$428,614
2023	$31,052,845	$30,126,166	$7,715,807	$926,679
2022	$26,897,610	$26,341,342	$7,187,942	$556,268
2021	$23,558,847	$23,032,380	$5,807,926	$526,467
2020	$21,767,194	$20,108,146	$4,695,760	$1,659,048
2019	$18,805,168	$18,386,418	$2,422,689	$418,750
2018	$15,944,368	$15,835,233	$1,786,736	$109,135

Apartment Life Inc