Lawrenceburg, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Education of members:The association serves approximately 120 members, belonging to various chapters across the state of Indiana, who benefit from the programs presented by the association. The association holds two main events each year, a convention and a production and servicing conference. Along with smaller monthly and special meetings, these events are designed to educate and update the members and the mortgage community, on various topics relevant to the residential mortgage banking industry. The association provides services, support, and information to members and promotes sound and ethical business practices consistent with industry standards.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $269,818 | $116,203 | +1.3% |
| Expenses | $232,120 | $115,510 | +1.0% |
| Net Income | $37,698 | $693 | +53.4% |
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
Sign In| 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 |
| 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 |
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