NEW YORK MORTGAGE BANKERS ASSOCATI… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

JOSEPH CULVER

Phone

5189630593

Tax Period

2024-01-01 to 2024-12-31

NEW YORK MORTGAGE BANKERS ASSOCATION INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $290K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO SUPPORT AND PROMOTE THE EXPANSION OF THE MORTGAGE BANKING BUSINESS IN THE STATE OF NEW YORK; TO PROMOTE SOUND AND ETHICAL BUSINESS PRACTICES AMONGST THE MEMBERS; TO PROVIDE TIMELY INFORMATION TO THE MEMBERS REGARDING CHANGES IN CONDITIONS, LAWS AND ADMINISTRATIVE

Program Service Accomplishments

Program 1

Expenses: $290,494 Revenue: $209,613

TO SUPPORT THE REAL ESTATE FINANCE INDUSTRY IN NEW YORK BY SERVING APPROXIMATELY 100 COMPANIES THROUGH EDUCATIONAL FORUMS CONSISTING OF AN ANNUAL MEMBERSHIP CONFERENCE AND VARIOUS SEMINARS THROUGHOUT...

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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 $100,902

Program Service Revenue $108,711

Investment Income $0

Other Revenue $0

TOTAL REVENUE $209,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,196

Fundraising Expenses $0

Program Expenses $290,494

Other Expenses $184,298

TOTAL EXPENSES $290,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,613	$222,014	-0.1%
Expenses	$290,494	$206,863	+0.4%
Net Income	$-80,881	$15,151	-6.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GARIS	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FIFER	DIRECTOR	1.00	Director	$0	$0	$0
JACKI FELLIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PINARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PULVER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICH JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI ECKLES	TREASURER	1.00	Officer Director	$0	$0	$0
JACKI GORALCZYK	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN MACKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MILNER	DIRECTOR	1.00	Director	$0	$0	$0
CHIP NOLAND	DIRECTOR	1.00	Director	$0	$0	$0
GARY BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BARRINGER	LEGAL COUNSEL	1.00	Director	$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	$209,613	$290,494	$84,514	$-80,881
2023	$222,014	$206,863	$156,723	$15,151
2022	$223,538	$183,843	$117,411	$39,695

NEW YORK MORTGAGE BANKERS ASSOCATION INC