OREGON APARTMENT ASSOCIATION INC (EIN 930241560) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1927

Legal Domicile

Principal Officer

CHARLES KOVAS

Phone

5032544723

Tax Period

2024-01-01 to 2024-12-31

OREGON APARTMENT ASSOCIATION INC, founded in 1927, is a small nonprofit that reported $313K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROMOTE POSITIVE PUBLIC RELATIONS BENEFICIAL TO THE RENTAL HOUSING INDUSTRY AND TO PROVIDE RESOURCES, TRAINING, AND STANDARDIZED FORMS FOR RENTAL HOUSING OPERATORS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $193,222

Program Service Revenue $109,239

Investment Income $1,835

Other Revenue $9,036

TOTAL REVENUE $313,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,862

Fundraising Expenses $0

Other Expenses $200,025

TOTAL EXPENSES $326,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,332	$345,920	-0.1%
Expenses	$326,887	$348,436	-0.1%
Net Income	$-13,555	$-2,516	+4.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES KOVAS	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN SAGE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JIM HERMAN	TREASURER	N/A	Officer Director	$0	$0	$0
LYNNE WHITNEY	SECRETARY	N/A	Officer Director	$0	$0	$0
CYNDI MONROE	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
JERAD GOUGHNOUR	PAST PRESIDE	N/A	Director	$0	$0	$0
DIANA LINDEMANN	DIRECTOR	N/A	Director	$0	$0	$0
DOUG MOE	DIRECTOR	N/A	Director	$0	$0	$0
JAKE RAMIREZ	DIRECTOR	N/A	Director	$0	$0	$0
MARK PASSANNANTE	EXEC MBR AT	N/A	Director	$0	$0	$0
PHIL OWEN	DIRECTOR	N/A	Director	$0	$0	$0
ROD AKROUSH	DIRECTOR	N/A	Director	$0	$0	$0
VIOLET ANDERSON	DIRECTOR	N/A	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	$313,332	$326,887	$387,130	$-13,555
2023	$345,920	$348,436	$342,985	$-2,516
2022	$397,290	$429,462	$346,142	$-32,172
2021	$351,095	$406,301	$352,076	$-55,206
2020	$377,529	$361,662	$424,041	$15,867
2019	$497,794	$489,258	$422,769	$8,536
2018	$523,968	$502,158	$432,014	$21,810

OREGON APARTMENT ASSOCIATION INC