US MORTGAGE INSURERS

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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

2013

Legal Domicile

Principal Officer

SETH APPLETON

Phone

2022801820

Tax Period

2023-01-01 to 2023-12-31

US MORTGAGE INSURERS, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.2M left a modest 5% surplus.

Mission

REPRESENTING AND ADVANCING THE INTEREST OF THE UNITED STATES MORTGAGE INSURANCE INDUSTRY AND PROMOTING A WELLFUNCTIONING HOUSING FINANCE SYSTEM.

Program Service Accomplishments

Program 1

ADVOCACY PROGRAM: ADVOCATE FOR THE PRIORITIES OF THE PRIVATE MORTGAGE INSURANCE INDUSTRY AT THE FEDERAL AND STATE LEVEL TO CREATE A STRONG HOUSING FINANCE SYSTEM AND ENSURE ACCESS TO HOMEOWNERSHIP...

ADVOCACY PROGRAM: ADVOCATE FOR THE PRIORITIES OF THE PRIVATE MORTGAGE INSURANCE INDUSTRY AT THE FEDERAL AND STATE LEVEL TO CREATE A STRONG HOUSING FINANCE SYSTEM AND ENSURE ACCESS TO HOMEOWNERSHIP WHILE PROTECTING TAXPAYERS.

Program 2

PUBLIC RELATIONS PROGRAM: USE VARIOUS PUBLIC RELATIONS CAMPAIGNS AND MEDIA PLATFORMS TO PROMOTE THE BENEFITS OF PRIVATE MORTGAGE INSURANCE TO POLICYMAKERS, MORTGAGE MARKET PARTICIPANTS, AND...

PUBLIC RELATIONS PROGRAM: USE VARIOUS PUBLIC RELATIONS CAMPAIGNS AND MEDIA PLATFORMS TO PROMOTE THE BENEFITS OF PRIVATE MORTGAGE INSURANCE TO POLICYMAKERS, MORTGAGE MARKET PARTICIPANTS, AND BORROWERS, INCLUDING THAT THE INDUSTRY FACILITATES BORROWER ACCESS TO AFFORDABLE AND SUSTAINABLE MORTGAGES WITHIN A WELL-FUNCTIONING HOUSING FINANCE SYSTEM.

Program 3

REGULATORY PROGRAM: IDENTIFY, ANALYZE AND PROVIDE RECOMMENDATIONS TO STATE AND FEDERAL REGULATORY AGENCIES ON POLICIES PERTAINING TO PRIVATE MORTGAGE INSURANCE AND THE HOUSING FINANCE SYSTEM...

REGULATORY PROGRAM: IDENTIFY, ANALYZE AND PROVIDE RECOMMENDATIONS TO STATE AND FEDERAL REGULATORY AGENCIES ON POLICIES PERTAINING TO PRIVATE MORTGAGE INSURANCE AND THE HOUSING FINANCE SYSTEM. COORDINATE WITH MEMBER COMPANIES ON OUTREACH TO STATE DEPARTMENTS OF INSURANCE AND FEDERAL FINANCIAL REGULATORS TO PROMOTE A STRONG HOUSING FINANCE SYSTEM AND ENSURE PRIVATE MORTGAGE INSURANCE INDUSTRY IS WELL POSITIONED TO ENSURE ACCESS TO MORTGAGE CREDIT WHILE PROTECTING TAXPAYERS.

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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 $0

Program Service Revenue $2,250,000

Investment Income $55,574

Other Revenue $0

TOTAL REVENUE $2,305,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,200,670

TOTAL EXPENSES $2,200,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,305,574	$2,496,440	-0.1%
Expenses	$2,200,670	$2,307,829	0.0%
Net Income	$104,904	$188,611	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adolfo Marzol	Chair	2.00	Officer Director	$0	$0	$0
Tim Mattke	Treas/Sec	2.00	Officer Director	$0	$0	$0
Derek Brummer	Board Member	2.00	Director	$0	$0	$0
Bradley Shuster	Board Member	2.00	Director	$0	$0	$0
Rohit Gupta	Vice Chair	2.00	Officer Director	$0	$0	$0
Seth Appleton	President	40.00	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	No data	No data	No data	No data
2023	$2,305,574	$2,200,670	$2,182,800	$104,904
2022	$2,496,440	$2,307,829	$2,024,391	$188,611
2021	$2,386,650	$2,365,368	$1,777,232	$21,282
2020	$2,111,000	$1,989,793	$1,841,433	$121,207
2019	$1,945,700	$1,927,797	$1,612,131	$17,903
2018	$2,000,000	$1,896,199	$1,670,992	$103,801
2017	$2,105,333	$1,889,747	$1,539,121	$215,586