CALIFORNIA APARTMENT ASSOCIATION (EIN 952829075) - 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

1940

Legal Domicile

Principal Officer

THOMAS K BANNON

Phone

9164477881

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA APARTMENT ASSOCIATION, founded in 1940, is a mid-sized nonprofit that reported $30.9M in total revenue in fiscal year 2023. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.5M, a strong 24% operating margin.

Mission

TO REPRESENT THE ETHICAL MEMBERS OF THE RENTAL HOUSING INDUSTRY WITHIN THE STATE OF CALIFORNIA

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $21,854,445

Program Service Revenue $6,912,887

Investment Income $234,512

Other Revenue $1,900,632

TOTAL REVENUE $30,902,476

Expense Breakdown

Grants Paid $97,350

Salaries & Benefits $6,009,857

Fundraising Expenses $0

Other Expenses $17,281,851

TOTAL EXPENSES $23,389,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,902,476	$10,347,193	+2.0%
Expenses	$23,389,058	$9,784,723	+1.4%
Net Income	$7,513,418	$562,470	+12.4%

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

100

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

$774,872

Total Directors

Key Employees

$1,563,756

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA WRAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRADLEY JOHNSON	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
DANA DAVID	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRUCE RUEPPEL	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
ADAM GOLDFARB	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
BARRY ALTSHULER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ANDRESEN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BECKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EUDY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GRANDE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD GRANVILLE	DIRECTOR	1.00	Director	$0	$0	$0
ELIF KIMYACIOGLU	DIRECTOR	1.00	Director	$0	$0	$0
ANNA KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA LABARGE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LAWTON	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE LEIN	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MANASTER	DIRECTOR	1.00	Director	$0	$0	$0
MARJ MANCUSO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLHAM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
CARTER POWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ROONEY	DIRECTOR	1.00	Director	$0	$0	$0
PATTI SHWAYDER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SILVA	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL TENENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
MARC TREITLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER VAN ENS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS K BANNON	CEO	40.00	Officer	$531,366	$26,234	$557,600
LAURA MEADOWS	CONTROLLER	40.00	Officer	$197,263	$20,009	$217,272
DEBRA CARLTON	EVP STATE GOV'T AFFAIRS	40.00	Key Emp	$343,263	$26,585	$369,848
JOSHUA HOWARD	EXECUTIVE VP LOCAL PUBLIC	40.00	Key Emp	$338,021	$26,825	$364,846
TONY BUI	SVP STATE PUBLIC AFFAIRS	40.00	Key Emp	$332,720	$26,496	$359,216
WHITNEY PROUT	COMPLIANCE COUNCIL	40.00	Key Emp	$234,573	$21,949	$256,522
FORREST WALSH	VP INFORMATION TECHNOLOGY	40.00	Key Emp	$195,903	$17,421	$213,324
VICTOR CAO	SENIOR VP PUBLIC AFFAIRS	40.00	Highest	$228,113	$21,985	$250,098
FREDERICK SUTTON	SENIOR VP PUBLIC AFFAIRS	40.00	Highest	$205,512	$21,638	$227,150
RHOVY LYN ANTONIO	SENIOR VP PUBLIC AFFAIRS	40.00	Highest	$196,283	$19,887	$216,170
MONICA DEKA	COMPLIANCE COUNCIL	40.00	Highest	$190,955	$10,080	$201,035
ANIL BABBAR	SENIOR VP PUBLIC AFFAIRS	40.00	Highest	$190,895	$10,105	$201,000

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	$30,902,476	$23,389,058	$20,102,322	$7,513,418
2022	$10,347,193	$9,784,723	$12,486,933	$562,470
2021	$9,881,237	$8,497,146	$10,618,601	$1,384,091
2020	$81,997,904	$82,110,670	$8,953,520	$-112,766
2019	$10,297,338	$9,110,608	$8,675,059	$1,186,730
2018	$63,354,730	$62,795,312	$7,025,950	$559,418

CALIFORNIA APARTMENT ASSOCIATION