Ohio Mortgage Bankers Association

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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

1971

Legal Domicile

Phone

6143956155

Tax Period

2024-01-01 to 2024-12-31

Ohio Mortgage Bankers Association, founded in 1971, is a small nonprofit that reported $176K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $241K exceeded revenue, resulting in a 37% operating deficit.

Mission

Promote mortgage banker education and interaction.

Program Service Accomplishments

Program 1

Expenses: $34,425 Revenue: $24,809

Conventions and Exhibits - Provides a forum for new ideas and education via speakers and exhibitors. Also, provides a networking forum.

Program 2

Expenses: $13,914 Revenue: $11,035

Golf Outing and Recognition Dinner - Provides the opportunity to open lines of communication and development of support network of professionals throughout the State.

Program 3

Revenue: $250

To support and promote educational forums that assist individuals in becoming successful howeowners.

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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 (2024)

Revenue Breakdown

Contributions & Grants $138,507

Program Service Revenue $36,344

Investment Income $1,013

Other Revenue $23

TOTAL REVENUE $175,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,339

Other Expenses $241,221

TOTAL EXPENSES $241,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,887	$217,101	-0.2%
Expenses	$241,221	$233,490	+0.0%
Net Income	$-65,334	$-16,389	+3.0%

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

N/A

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

$91,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jay Pascoe	Exec Dir and COO	19.00	Director	$91,716	$0	$91,716
Andrew Panagos	Trustee	1.00	Director	$0	$0	$0
Shad Berlanger	Trustee	1.00	Director	$0	$0	$0
Brooks McDowell	Trustee	1.00	Director	$0	$0	$0
Susan Shaffer	Trustee	1.00	Director	$0	$0	$0
Jeremy Bowling	Trustee	1.00	Director	$0	$0	$0
Russ Ford	Trustee	1.00	Director	$0	$0	$0
Molly Woeste	Trustee	1.00	Director	$0	$0	$0
John Smit	Trustee	1.00	Director	$0	$0	$0
Greg Allen	Trustee	1.00	Director	$0	$0	$0
Todd Roth	Trustee	1.00	Director	$0	$0	$0
Andre Thompson	Trustee	1.00	Director	$0	$0	$0
Kent McKenzie	Trustee	1.00	Director	$0	$0	$0
Dean Razek	Trustee	1.00	Director	$0	$0	$0
Brian Hewitt	Secretary	5.00	Officer	$0	$0	$0
Dawn Carpenter	Treasurer	5.00	Officer	$0	$0	$0
Adam Rose	Vice Pres	5.00	Officer	$0	$0	$0
Chris Hiner	President	5.00	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	$175,887	$241,221	$87,278	$-65,334
2023	$220,063	$233,490	$144,142	$-13,427
2022	$246,704	$220,523	$148,277	$26,181
2021	$194,964	$175,240	$164,118	$19,724
2020	$107,189	$148,703	$164,199	$-41,514
2019	$190,032	$220,391	$189,861	$-30,359
2018	$214,659	$212,588	$188,001	$2,071