SANTA BARBARA APARTMENT ASSOCIATION (EIN 953186407) - 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

1941

Legal Domicile

Phone

8056877007

Tax Period

2023-01-01 to 2023-12-31

SANTA BARBARA APARTMENT ASSOCIATION, founded in 1941, is a small nonprofit that reported $372K in total revenue in fiscal year 2023.

Mission

BUSINESS ASSOCIATION ASSISTS RENTAL PROPERTY OWNERS WITH INFORMATION AND RESOURCES TO EFFECTIVELY MANAGE THEIR PROPERTIES.

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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 $41,557

Program Service Revenue $288,061

Investment Income $93

Other Revenue $42,059

TOTAL REVENUE $371,770

Expense Breakdown

Grants Paid $6,500

Salaries & Benefits $156,725

Fundraising Expenses $0

Other Expenses $201,358

TOTAL EXPENSES $364,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,770	$353,829	+0.1%
Expenses	$364,583	$351,032	+0.0%
Net Income	$7,187	$2,797	+1.6%

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

$109,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA G BODE	Executive Dir.	40.00	Officer	$109,708	$0	$109,708
CHRIS AGNOLI	Director	1.00	Director	$0	$0	$0
BETTY JEPPESEN	President	6.00	Officer Director	$0	$0	$0
ANDY SILLERS	Director	1.00	Director	$0	$0	$0
MIKE BRUCE	Director	1.00	Director	$0	$0	$0
DANIELLE HOLZER	Treasurer	1.00	Officer Director	$0	$0	$0
LYDIA PEREZ	Secretary	1.00	Officer Director	$0	$0	$0
HAROLD GOODMAN	Vice President	1.00	Officer Director	$0	$0	$0
NICK GONZALES	Director	1.00	Director	$0	$0	$0
LORI ZAHN	Director	1.00	Director	$0	$0	$0
STEVE BATTAGLIA	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
2024	No data	No data	No data	No data
2023	$371,770	$364,583	$224,531	$7,187
2022	$353,829	$351,032	$214,448	$2,797
2021	$396,026	$334,056	$203,726	$61,970
2020	$344,390	$285,139	$149,060	$59,251
2019	$294,444	$287,999	$87,705	$6,445
2018	$315,502	$326,306	$74,719	$-10,804

SANTA BARBARA APARTMENT ASSOCIATION