CONNECTICUT MORTGAGE BANKERS ASSOCIATION INC (EIN 222553995) - 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

1984

Legal Domicile

Phone

8607781355

Tax Period

2023-06-01 to 2024-05-31

CONNECTICUT MORTGAGE BANKERS ASSOCIATION INC, founded in 1984, is a small nonprofit that reported $198K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $221K exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide leadership, directions and education as the premier Connecticut Mortgage Bankers Assoc while supporting our members' legislative needs and providing a forum for networking within our industry

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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 $50,375

Program Service Revenue $147,609

Investment Income $0

Other Revenue $0

TOTAL REVENUE $197,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,600

Fundraising Expenses $0

Program Expenses $220,501

Other Expenses $98,571

TOTAL EXPENSES $220,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,984	$225,426	-0.1%
Expenses	$220,501	$239,970	-0.1%
Net Income	$-22,517	$-14,544	+0.5%

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

Total Directors

Key Employees

$83,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Derosier	Executive Director	40	Key Emp	$83,500	$0	$83,500
Michael Dimech	Director	1	Director	$0	$0	$0
Carl Josephson	Director	1	Director	$0	$0	$0
Peter Sulick	Director	1	Director	$0	$0	$0
Hailey Rice	Director	1	Director	$0	$0	$0
Lisa Hensley	Director	1	Director	$0	$0	$0
Laurel Caliendo	Director	1	Director	$0	$0	$0
James Morin	Director	1	Director	$0	$0	$0
Kelly Crone	Director	1	Director	$0	$0	$0
Brian Hedge	Director	1	Director	$0	$0	$0
Alicia Goncalves	Director	1	Director	$0	$0	$0
Marianne Perry	Director	1	Director	$0	$0	$0
David Sevigny	Director	1	Director	$0	$0	$0
Michael Stevens	Director	1	Director	$0	$0	$0
James Wilson	Treasurer	1	Officer	$0	$0	$0
Lawrence Garfinkel	Secretary	1	Officer	$0	$0	$0
Robert Monti	Second VP	1	Officer	$0	$0	$0
Brenda Corbo	President	1	Officer	$0	$0	$0
Feliks Viner	First Vice President	1	Officer	$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
2025	No data	No data	No data	No data
2024	$197,984	$220,501	$73,302	$-22,517
2023	$225,426	$239,970	$93,606	$-14,544
2022	$313,503	$228,294	$107,318	$85,209
2021	$175,168	$159,363	$21,785	$15,805

CONNECTICUT MORTGAGE BANKERS ASSOCIATION INC