Apartment Association of Greater Knoxvil
Nonprofit profile at a glance
- EIN
- 621545332
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Knoxville, TN, USA
- Phone
- 8655888961
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $191,564
- Expenses
- $182,034
- Assets
- $85,632
- Liabilities
- $334
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DAVE BROGDON (MAINT. COUNCIL PRESIDENT)
- TIFFANY RAMEY (RMA PRESIDENT)
- ANN FELKNOR (EXECUTIVE DIRECTOR)
- ZACH BRINKER (PRESIDENT)
- CLAY REED (VICE PRESIDENT)
Highest reported compensation
- ANN FELKNOR (EXECUTIVE DIRECTOR): $62,582 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Apartment association of greater knoxville furthers the development of the multi-family housing industry by providing membership to individuals and associate firms engaged in activities related to the planning, construction, maintenance, management, and ownership of multi-family housing. Members gather, exchange, and disseminate technical data in order to provide the industry with more and better multi-family housing. The association encourages a better housing environment by consulting with government officials in the drafting and enactment of laws and regulations.
What it reported doing in 2024
Membership meetings to discuss various multi-family housing issues were held in april, july, october, and december of 2024.luncheon and breakfast meetings were held three times for apartment managers and maintenance personnel in may, june, and july. The courses offered in 2024 covered topics such as fair housing, legal issues, certified pool operator, hvac basics, and hvac certification. Aagk conducts a certified apartment leasing course which provides a national certification and covers topics such as legal issues, marketing, understanding the market, and financial impacts.aagk conducts a certificate for apartment maintenance technician course which teaches classes in basic electrical, appliance repair, hvac, and indoor and outdoor repairs. The course is conducted as demand dictates.aagk conducts a certified pool operator course which teaches the basics in pool operation. This program is a two-day course conducted as needed, typically annually.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 90
- Accountability: 74
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95%; rating input score 95
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 34.4%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 7.5% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 95% of revenue deployed · 100% of spending went to programs
- Governance: 13 of 13 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $182K in reported program spending
- Leadership: top reported pay $63K · 14 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Review — Sustainability: Operating margin scored 51/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.