ARLINGTON, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASSOCIATION OF MILITARY BANKS OF AMERICA, founded in 1959, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $830K, a strong 41% operating margin.
THE ASSOCIATION OF MILITARY BANKS OF AMERICA (AMBA) IS A NOT-FOR-PROFIT TRADE ASSOCIATION THAT REPRESENTS FINANCIAL INSTITUTIONS SPECIALIZING IN PROVIDING WORLDWIDE BANKING SERVICES FOR MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES. AMBA, THROUGH ITS MEMBERS AND WITH ITS PARTNERS, IS COMMITTED TO IMPROVING THE FINANCIAL READINESS OF THE U.S. MILITARY AND VETERAN COMMUNITIES BY PROVIDING FINANCIAL PRODUCTS, SERVICES, AND EDUCATION.
IN 2024, AMBA CONTINUED ITS PARTNERSHIP WITH THE VETERANS BENEFITS ADMINISTRATION, U.S. DEPARTMENT OF VETERANS AFFAIRS, IN THE VETERANS BENEFITS BANKING PROGRAM (VBBP). VBBP IS A PROGRAM DESIGNED TO...
IN 2024, AMBA CONTINUED ITS PARTNERSHIP WITH THE VETERANS BENEFITS ADMINISTRATION, U.S. DEPARTMENT OF VETERANS AFFAIRS, IN THE VETERANS BENEFITS BANKING PROGRAM (VBBP). VBBP IS A PROGRAM DESIGNED TO ENCOURAGE UNBANKED AND UNDERBANKED VETERANS TO OPEN BANK OR CREDIT UNION CHECKING ACCOUNTS INTO WHICH THEIR VA MONETARY BENEFITS CAN BE DEPOSITED AND MANAGED. THE PROGRAM IS INTENDED TO HELP VETERANS AVOID THE LACK OF SAFETY, RELIABILITY, AND FLEXIBILITY INHERENT IN THE ONLY OTHER WAYS THEY CAN RECEIVE THEIR GOVERNMENT BENEFITS: PREPAID DEBIT CARDS AND PAPER CHECKS. AS OF THE END OF 2024, VBBP IS CREDITED WITH "BANKING" OVER 450,000 VETERANS. WE ALSO BUILT ON THE SUCCESSFUL LAUNCH OF VETCENTS, OUR NEW INTERACTIVE FINANCIAL JOURNEY CONNECTING VETERANS WITH FINANCIAL EDUCATION AND RESOURCES TAILORED TO THEIR NEEDS. AS OF 2024, VETCENTS DREW RESPONSES FROM MORE THAN 2,100 VETERANS, SPOUSES AND BENEFICIARIES. MORE THAN HALF WERE VETERANS WHO ANSWERED QUESTIONS ABOUT THEIR FINANCES AND WENT DEEPER TO EXPLORE VETCENTS OFFERINGS. SINCE ITS INCEPTION IN 2022 AND THROUGH THE END OF 2024, VBBP ONE-ON-ONE COUNSELING SERVICES DREW NEARLY 3,000 WEB REQUESTS VIA THE VBBP WEBSITE, WITH ALMOST 1,400 COUNSELING SESSIONS COMPLETED, DELIVERING A WEALTH OF PERSONALIZED ADVICE.
AMBA'S SOCIAL MEDIA AND DIRECT MARKETING COMMUNICATION EFFORTS CONTINUED TO ASSIST ITS MEMBERS AND NON-PROFIT ORGANIZATION PARTNERS TO EXPAND FINANCIAL EDUCATION FOR THE MILITARY AND VETERAN...
AMBA'S SOCIAL MEDIA AND DIRECT MARKETING COMMUNICATION EFFORTS CONTINUED TO ASSIST ITS MEMBERS AND NON-PROFIT ORGANIZATION PARTNERS TO EXPAND FINANCIAL EDUCATION FOR THE MILITARY AND VETERAN COMMUNITIES THROUGH NEWSLETTERS, WEBINARS, AND SOCIAL MEDIA POSTS. IN 2024, AMBA CONTINUED TO MARKET THE HARDCOPY OF ARMED FORCES FINANCIAL GUIDE AND ENCOURAGED MEMBERS TO SUBSCRIBE TO ITS ONLINE VERSION, WHICH CAN BE ACCESSED BY BANK CUSTOMERS.
AMBA HELD ITS ANNUAL WORKSHOP WHICH BUILT ON THE TREMENDOUSLY SUCCESSFUL WORKSHOP FROM 2023, CONTINUING OUR FOCUS ON ISSUES AND GOALS DESIGNED TO HELP OUR MEMBERS SERVE THEIR MILITARY AND VETERAN...
AMBA HELD ITS ANNUAL WORKSHOP WHICH BUILT ON THE TREMENDOUSLY SUCCESSFUL WORKSHOP FROM 2023, CONTINUING OUR FOCUS ON ISSUES AND GOALS DESIGNED TO HELP OUR MEMBERS SERVE THEIR MILITARY AND VETERAN COMMUNITIES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,030,511 | $849,356 | +1.4% |
| Expenses | $1,200,307 | $915,622 | +0.3% |
| Net Income | $830,204 | $-66,266 | -13.5% |
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 |
|---|---|---|---|---|---|---|
| MICHAEL S LEAGUE | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE BERES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIFFANY DAVIS-SCHAEFER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY T WILSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED A ALVARADO | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| W H BILL CROAK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN RICHARDSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD FOX | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES M CARLILE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSEY STREETER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEOFFREY HICKMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM MCLEAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN PASSMORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY HUGHES | CHAIRMAN ELECT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JILL CASTILLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN J LEPPER | PRESIDENT & CEO | 40.00 |
Officer
|
$313,044 | $13,487 | $326,531 |
| OMUSO GEORGE | PRESIDENT & CEO | 40.00 |
Officer
|
$185,000 | $11,100 | $196,100 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $2,030,511 | $1,200,307 | $10,475,182 | $830,204 |
| 2023 | $849,356 | $915,622 | $9,570,508 | $-66,266 |
| 2022 | $991,805 | $932,816 | $9,615,106 | $58,989 |
| 2021 | $1,748,314 | $746,274 | $9,554,885 | $1,002,040 |
| 2020 | $1,280,359 | $705,788 | $8,552,339 | $574,571 |
| 2019 | $1,214,313 | $858,698 | $7,978,124 | $355,615 |
| 2018 | $1,360,709 | $740,670 | $7,623,136 | $620,039 |
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