ASSOCIATION OF MILITARY BANKS OF AMERICA (EIN 470583461) - 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

1959

Legal Domicile

Principal Officer

OMUSO GEORGE

Phone

5403473305

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $269,419

Investment Income $1,756,961

Other Revenue $4,131

TOTAL REVENUE $2,030,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,614

Fundraising Expenses $0

Other Expenses $741,693

TOTAL EXPENSES $1,200,307

Year-over-Year Comparison

	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%

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

$522,631

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

ASSOCIATION OF MILITARY BANKS OF AMERICA