MICHIGAN MORTGAGE LENDERS ASSOCIATION (EIN 386104797) - 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

1993

Legal Domicile

Principal Officer

JOANNE MISURACA

Phone

5862262823

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN MORTGAGE LENDERS ASSOCIATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $408K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO PROMOTE ETHICAL STANDARDS AMONG MORTGAGE INDUSTRY PROFESSIONALS BY PROVIDING EDUCATIONAL OPPORTUNITIES, NETWORKING OPPORTUNITIES, AND LEGISLATIVE ADVOCACY TO MEMBERS AND TO THE PUBLIC.

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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 $0

Program Service Revenue $374,885

Investment Income $7,533

Other Revenue $25,118

TOTAL REVENUE $407,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,075

Fundraising Expenses $0

Program Expenses $438,320

Other Expenses $286,245

TOTAL EXPENSES $438,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,536	$443,360	-0.1%
Expenses	$438,320	$450,428	0.0%
Net Income	$-30,784	$-7,068	+3.4%

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

Employees

Volunteers

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

$96,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE CONLEY	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE MCDOUGALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN MCCOWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTORIA DELUCE	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
ANDY BAKER	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
AJ FRANCHI	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
TINA MANSHUM	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
TIM PASCARELLA	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SCHEEL	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
NICOLE NAHODIL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
GRANT SPENCER	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JOSH PULSIFER	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
BRIAN VIEAUX	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JOANNE MISURACA	CHIEF EXECUTIVE OFFICER	45.00	Officer	$85,880	$11,063	$96,943

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	$407,536	$438,320	$407,651	$-30,784
2023	$443,360	$450,428	$414,494	$-7,068
2022	$483,302	$459,048	$464,334	$24,254
2021	$435,190	$415,171	$465,613	$20,019
2020	$244,645	$268,514	$467,104	$-23,869
2019	$414,092	$402,841	$443,271	$11,251
2018	$460,791	$406,312	$407,599	$54,479

MICHIGAN MORTGAGE LENDERS ASSOCIATION