Indiana Mortgage Bankers Inc

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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

1958

Legal Domicile

Phone

8125371003

Tax Period

2021-06-01 to 2022-05-31

Indiana Mortgage Bankers Inc, founded in 1958, is a small nonprofit that reported $270K in total revenue in fiscal year 2021. Revenue surged 132% from the prior year, signaling strong growth momentum. Expenses of $232K left a modest 14% surplus.

Mission

The mission of the Indiana Mortgage Bankers Association is to provide services, support, and information to its members, and to promote sound and ethical business practices consistent with industry standards.

Program Service Accomplishments

Program 1

Expenses: $131,718 Revenue: $176,305

Approximately 120 Member companies benefit from the programs presented by the organization for their education and mutual goals. The association normally holds three state-wide events each year, a...

Approximately 120 Member companies benefit from the programs presented by the organization for their education and mutual goals. The association normally holds three state-wide events each year, a convention, a compliance seminar, and a production meeting. The chapters hold smaller, special meeings designed to educate and update the members.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $269,333

Investment Income $7

Other Revenue $478

TOTAL REVENUE $269,818

Expense Breakdown

Grants Paid $3,023

Salaries & Benefits $71,528

Fundraising Expenses $0

Program Expenses $131,718

Other Expenses $157,569

TOTAL EXPENSES $232,120

Year-over-Year Comparison

	2021	2020	Change
Revenue	$269,818	$116,203	+1.3%
Expenses	$232,120	$115,510	+1.0%
Net Income	$37,698	$693	+53.4%

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

N/A

Employees

N/A

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

$71,528

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Thorup	Executive Dir.	40.00	Director	$71,528	$0	$71,528
Kristine Clark	Director	1.00	Director	$0	$0	$0
Palak Effinger	Director	1.00	Director	$0	$0	$0
Danielle Conner	Director	1.00	Director	$0	$0	$0
Shelley Werner	Director	1.00	Director	$0	$0	$0
Christine Buchanan	Director	1.00	Director	$0	$0	$0
Joel Scheer	Vice President	1.00	Director	$0	$0	$0
Greg Pilling	Treasurer	1.00	Director	$0	$0	$0
Lili Del Toro	Director	1.00	Director	$0	$0	$0
Greg Dugger	Director	1.00	Director	$0	$0	$0
Dave Gedde	Director	1.00	Director	$0	$0	$0
Rob Green	Director	1.00	Director	$0	$0	$0
Mikie Collins	Chapter Chair	1.00	Director	$0	$0	$0
Julie Vonderschmidt	Chapter Chair	1.00	Director	$0	$0	$0
Ryan Woodruff	Chapter Chair	1.00	Director	$0	$0	$0
Jon Halliwill	Chapter Chair	1.00	Director	$0	$0	$0
Annette Maier	Chapter Chair	1.00	Director	$0	$0	$0
Palmer Myers	Director	1.00	Director	$0	$0	$0
Bryan Traylor	Past President	1.00	Officer	$0	$0	$0
Lynne Tamanini	President	1.00	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
2022	$269,818	$232,120	$139,506	$37,698
2021	$116,203	$115,510	$101,809	$693
2020	$152,779	$180,921	$101,219	$-28,142
2019	$250,099	$273,125	$129,361	$-23,026