MORTGAGE BANKERS ASSOCIATION OF NEW JERSEY (EIN 237009533) - 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

1939

Legal Domicile

Principal Officer

E ROBERT LEVY

Phone

7325961619

Tax Period

2023-01-01 to 2023-12-31

MORTGAGE BANKERS ASSOCIATION OF NEW JERSEY, founded in 1939, is a small nonprofit that reported $313K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $360K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROFESSIONAL ASSOCIATION OF NEW JERSEY MORTGAGE BANKERS.

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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 $128,323

Program Service Revenue $187,390

Investment Income $0

Other Revenue $-2,349

TOTAL REVENUE $313,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,219

Fundraising Expenses $0

Program Expenses $360,437

Other Expenses $171,791

TOTAL EXPENSES $360,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,364	$597,505	-0.5%
Expenses	$360,437	$501,071	-0.3%
Net Income	$-47,073	$96,434	-1.5%

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

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

$85,000

Total Directors

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E ROBERT LEVY	ESQ.	50.00	Officer Director	$85,000	$0	$85,000
SAMUEL LAMPARELLO	CMB	5.00	Officer Director	$0	$0	$0
PAUL CHIARELLI	TREASURER	5.00	Officer Director	$0	$0	$0
MATT VANFOSSEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TAYLOR STORK	TREASURER	5.00	Officer Director	$0	$0	$0
JUSTIN DEMOLA	TRUSTEE	1.00	Director	$0	$0	$0
GABRIEL GILLEN	TRUSTEE	1.00	Director	$0	$0	$0
DEVIN DALY	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN FERRIS	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GROSSMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN PISANI	TRUSTEE	1.00	Director	$0	$0	$0
RALPH VITIELLO	TRUSTEE	1.00	Director	$0	$0	$0
RYAN FAUGHNER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC REEBER	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY GRAVANO	TRUSTEE	1.00	Director	$0	$0	$0
GINO BROWN	TRUSTEE	1.00	Director	$0	$0	$0
MARY BULMAN	TRUSTEE	1.00	Director	$0	$0	$0
RICH JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
LAURA BRANDAO	TRUSTEE	1.00	Director	$0	$0	$0
KELCEY BROWN	TRUSTEE	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	$313,364	$360,437	$228,448	$-47,073
2022	$597,505	$501,071	$367,294	$96,434
2021	$558,622	$321,640	$287,445	$236,982
2020	$351,996	$533,923	$16,935	$-181,927
2019	$737,877	$715,970	$92,998	$21,907
2018	$645,081	$700,788	$71,090	$-55,707

MORTGAGE BANKERS ASSOCIATION OF NEW JERSEY