ILLINOIS MORTGAGE BANKERS ASSOCIATION (EIN 360902710) - 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

1920

Legal Domicile

Phone

3122366208

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS MORTGAGE BANKERS ASSOCIATION, founded in 1920, is a small nonprofit that reported $282K in total revenue in fiscal year 2024.

Mission

TO EDUCATE & UPDATE MEMBERS OF THE MORTGAGE BANKING INDUSTRY. THE ASSOCIATION PROVIDES EDUCATIONAL MEETINGS, CONFERENCES AND CLASSES TO KEEP ITS MEMBERS UPDATED.

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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 $91,075

Program Service Revenue $190,673

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,840

Fundraising Expenses $0

Program Expenses $100,825

Other Expenses $144,485

TOTAL EXPENSES $289,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,748	$279,553	+0.0%
Expenses	$289,325	$288,567	+0.0%
Net Income	$-7,577	$-9,014	-0.2%

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

Total Directors

$135,152

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA ZAJICEK	Director	40.00	Director	$124,583	$10,569	$135,152
SEE SCHEDULE FOR REMAINDER	Director	0.00	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
2024	$281,748	$289,325	$54,710	$-7,577
2023	$279,553	$288,567	$57,455	$-9,014
2022	$306,666	$307,802	$103,401	$-1,136
2021	$294,618	$263,554	$104,416	$31,064
2020	$277,634	$274,143	$72,123	$3,491
2019	$309,706	$318,391	$37,928	$-8,685

ILLINOIS MORTGAGE BANKERS ASSOCIATION