MASSACHUSETTS MORTGAGE BANKERS ASSOCIATION (EIN 042605504) - 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

1976

Legal Domicile

Principal Officer

DEBORAH SOUSA

Phone

6175709114

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS MORTGAGE BANKERS ASSOCIATION, founded in 1976, is a small nonprofit that reported $493K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $620K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO SPONSOR EDUCATIONAL SEMINARS RELATIVE TO THE MORTGAGE INDUSTRY AND TO ATTEMPT TO SOLVE MORTGAGE RELATED PROBLEMS.

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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 $120,765

Program Service Revenue $358,114

Investment Income $13,866

Other Revenue $0

TOTAL REVENUE $492,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,854

Fundraising Expenses $0

Program Expenses $471,864

Other Expenses $406,966

TOTAL EXPENSES $619,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,745	$537,189	-0.1%
Expenses	$619,820	$653,855	-0.1%
Net Income	$-127,075	$-116,666	+0.1%

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

N/A

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

$98,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN M HAYES	PRESIDENT	1.00	Director	$0	$0	$0
BEN GUIMARRA	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
SHANE BELLEVANCE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG M NARDI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC PRUE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL CAFFEE	SECRETARY	1.00	Director	$0	$0	$0
CHIP COVENEY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HOGAN	TREASURER	1.00	Director	$0	$0	$0
CHERI MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
GREG KORN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KELLEHER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ROACH	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY POTTER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BROWN	DIRECTOR	1.00	Officer Director	$0	$0	$0
SHANIKA ROGOWSKI	DIRECTOR	1.00	Director	$98,400	$0	$98,400
BARBARA YANKE	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEBORAH SOUSA	EXECUTIVE DIRECTOR	1.00	Officer 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	$492,745	$619,820	$722,644	$-127,075
2022	$537,189	$653,855	$997,341	$-116,666
2021	$497,712	$595,592	$1,052,704	$-97,880
2020	$252,613	$460,557	$1,091,688	$-207,944
2019	$673,188	$728,862	$1,281,525	$-55,674
2018	$802,717	$743,488	$1,345,517	$59,229

MASSACHUSETTS MORTGAGE BANKERS ASSOCIATION