MORTGAGE BANKERS ASSOCIATION (EIN 361505650) - 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

1914

Legal Domicile

Principal Officer

ROBERT D BROEKSMIT

Phone

2025572700

Tax Period

2023-10-01 to 2024-09-30

MORTGAGE BANKERS ASSOCIATION, founded in 1914, is a mid-sized nonprofit in the Unknown sector that reported $59.7M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $122.6M represent 25 months of operating reserves.

Mission

MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY, EDUCATION, RESEARCH, AND ADVOCACY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $83,183

Program Service Revenue $54,554,329

Investment Income $4,418,800

Other Revenue $595,457

TOTAL REVENUE $59,651,769

Expense Breakdown

Grants Paid $419,782

Salaries & Benefits $37,542,732

Fundraising Expenses $0

Other Expenses $23,994,768

TOTAL EXPENSES $61,957,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,651,769	$68,643,483	-0.1%
Expenses	$61,957,282	$64,533,754	0.0%
Net Income	$-2,305,513	$4,109,729	-1.6%

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

181

Volunteers

2000

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

$3,170,874

Total Directors

$22,281

Key Employees

$4,428,774

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK JONES	CHAIR	4.00	Officer Director	$2,796	$0	$2,796
CHRISTINE R CHANDLER	VICE CHAIR	4.00	Officer Director	$4,109	$0	$4,109
MATTHEW G ROCCO SR	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
LAURA ESCOBAR	CHAIR-ELECT	4.00	Officer Director	$15,376	$0	$15,376
DAVID BATTANY	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL BANFIELD	BOARD MEMBER	0.50	Director	$0	$0	$0
JAY BRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID BRICKMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK CAREY	BOARD MEMBER	0.50	Director	$0	$0	$0
KATE DEKAY	BOARD MEMBER	0.50	Director	$0	$0	$0
PAT DODD	BOARD MEMBER	4.00	Director	$0	$0	$0
QUENTIN FOGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF FRIEDMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
DAVID GANSBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC GATES	BOARD MEMBER	0.50	Director	$0	$0	$0
JACK GAY	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTOPHER M GEORGE	BOARD MEMBER	0.50	Director	$0	$0	$0
NIMA GHAMSARI	BOARD MEMBER	0.50	Director	$0	$0	$0
SEAN GRZEBIN	BOARD MEMBER	0.50	Director	$0	$0	$0
ROHIT GUPTA	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN HANSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN HEDLUND	BOARD MEMBER	0.50	Director	$0	$0	$0
TAWN KELLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
OWEN LEE	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSANNE LIVINGSTON	BOARD MEMBER	0.50	Director	$0	$0	$0
GENE LUGAT	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFFREY MAJEWSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG MICHAUD	BOARD MEMBER	0.50	Director	$0	$0	$0
J DAVID MOTLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
PETER NORDEN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK O'DONOVAN	BOARD MEMBER	0.50	Director	$0	$0	$0
EDDY PEREZ	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVEN PLAISANCE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINE C RHEA	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES SIAS	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBRA W STILL	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL S TANNER	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFFREY TAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF WEIDELL	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS L WIND	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT D BROEKSMIT	PRESIDENT & CEO	34.70	Officer	$2,009,201	$207,413	$2,216,614
MICHAEL W BRIGGS	SVP & GENERAL COUNSEL	32.70	Officer	$396,068	$38,642	$434,710
LISA J HAYNES	SVP, CFO & CHIEF DIV. & IN	33.70	Officer	$439,618	$57,651	$497,269
MARCIA M DAVIES	CHIEF OPERATING OFFICER	34.70	Key Emp	$899,080	$56,366	$955,446
GORDON R MILLS	SVP, RES. POLICY & MEMBER ENGAGEMENT	35.00	Key Emp	$644,117	$65,524	$709,641
WILLIAM P KILLMER	SVP, LEGISLATIVE & POLITIC	35.00	Key Emp	$615,968	$57,770	$673,738
MICHAEL P FLOOD	SVP, CREF & MULTIFAMILY	35.00	Key Emp	$496,550	$65,524	$562,074
MICHAEL C FRATANONI	CHIEF ECON./SVP OF RESR. &	32.50	Key Emp	$486,424	$23,843	$510,267
PETER J GRACE	CIO/SVP, STRATEGY & MEMBER	35.00	Key Emp	$458,050	$65,524	$523,574
STEPHEN O'CONNOR	SVP, AFFORDABLE HOUSING INITIATIVES	35.00	Key Emp	$429,164	$64,870	$494,034
ELAINE HOWARD	VP, MEETINGS	35.00	Highest	$338,798	$64,914	$403,712
JOHN MECHEM	VP, PUBLIC AFFAIRS	35.00	Highest	$320,573	$67,557	$388,130
JAMES WOODWELL	VP, COMMERCIAL REAL ESTATE	35.00	Highest	$333,066	$50,420	$383,486
JUSTIN WISEMAN	VP, REGULATORY AFFAIRS	35.00	Highest	$313,546	$60,741	$374,287
TERESSA LURK	VP, MARKETING & DESIGN	35.00	Highest	$303,198	$55,670	$358,868

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	$59,651,769	$61,957,282	$174,097,655	$-2,305,513
2023	$68,643,483	$64,533,754	$167,149,281	$4,109,729
2022	$73,245,539	$61,871,505	$142,430,652	$11,374,034
2021	$48,193,239	$47,217,053	$151,811,395	$976,186
2020	$61,474,364	$50,944,336	$132,210,021	$10,530,028
2019	$83,946,353	$54,934,705	$127,064,646	$29,011,648
2018	$65,076,554	$54,387,198	$101,788,531	$10,689,356

MORTGAGE BANKERS ASSOCIATION