Maryland Mortgage BankersAndBrokers

EIN: 237321034

Edgewater, MD

Total Revenue
$359,085
Total Expenses
$417,392
Total Assets
$420,012
Net Assets
$421,066
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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
1973
Legal Domicile
MD
Tax Period
2023-01-01 to 2023-12-31

Maryland Mortgage BankersAndBrokers, founded in 1973, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $417K exceeded revenue, resulting in a 16% operating deficit.

Mission

Promote and provide educational opportunities for members, who are primarily in the mortgage banking industry. The Organization also provides services to educate lawmakers on matters affecting real estate ownership. The Association also provides a forum for information exchange.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $358,807
Investment Income $278
Other Revenue $0
TOTAL REVENUE $359,085

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,107
Fundraising Expenses $0
Program Expenses $417,392
Other Expenses $336,285
TOTAL EXPENSES $417,392

Year-over-Year Comparison

2023 2022 Change
Revenue $359,085 $305,444 +0.2%
Expenses $417,392 $265,246 +0.6%
Net Income $-58,307 $40,198 -2.5%
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

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Governance

Voting Members
21
Independent Members
21
Employees
1
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
4
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jon Mullinix Board Member 0.00
Director
$0 $0 $0
Colleen Palmer Board Member 0.00
Director
$0 $0 $0
Debbie Polcyn Board Member 0.00
Director
$0 $0 $0
Charles Miller Board Member 0.00
Director
$0 $0 $0
Amy Moses Board Member 0.00
Director
$0 $0 $0
Brian Morley Board Member 0.00
Director
$0 $0 $0
Hal Blatt Board Member 0.00
Director
$0 $0 $0
Nicholas Framarini Board Member 0.00
Director
$0 $0 $0
Eugene Frazier Board Member 0.00
Director
$0 $0 $0
Chanin Wisler Board Member 0.00
Director
$0 $0 $0
Kaitlin Spurrier Board Member 0.00
Director
$0 $0 $0
Joey Case Board Member 0.00
Director
$0 $0 $0
Shawn Higgins Board Member 0.00
Director
$0 $0 $0
Catherine Kraemer-Dale Board Member 0.00
Director
$0 $0 $0
Daniel Fitzgerald Board Member 0.00
Director
$0 $0 $0
Ellen Wilson Board Member 0.00
Director
$0 $0 $0
Christine Summers Board Member 0.00
Director
$0 $0 $0
Brendan McKay Board Member 0.00
Director
$0 $0 $0
Heidi Ford Board Member 0.00
Director
$0 $0 $0
James Lenes Board Member 0.00
Director
$0 $0 $0
Timothy Gough Vice President 0.00
Officer Director
$0 $0 $0
Malcolm Hollensteiner President 0.00
Officer Director
$0 $0 $0
Christopher Palermo Secretary 0.00
Officer Director
$0 $0 $0
Shawn Williams Treasurer 0.00
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 $359,085 $417,392 $420,012 $-58,307
2022 $305,444 $265,246 $477,602 $40,198
2021 $208,857 $237,453 $437,404 $-28,596
2020 $177,412 $210,950 $459,469 $-33,538
2019 $377,443 $317,416 $490,621 $60,027
2018 $297,010 $261,943 $428,706 $35,067
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