MONEY SERVICES BUSINESS ASSOCIATION INC

EIN: 474988442 Community Improvement

MONTVALE, NJ

Total Revenue
$456,859
Total Expenses
$458,323
Total Assets
$746,177
Net Assets
$329,808
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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
2015
Legal Domicile
DE
Principal Officer
JORGEN OSIO NORGAARD
Phone
2017812590
Tax Period
2024-01-01 to 2024-12-31

MONEY SERVICES BUSINESS ASSOCIATION INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $457K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

The Money Services Business Association or MSBA is a trade association focused on the non-bank money services industry, including licensed money transmitters and their agents/authorized delegates, payment card issuers and distributors, payment processors, international remittance companies, bill payment companies, mobile payment application providers, payment aggregators, virtual currency exchanges and administrators, eWallet providers and other similar money services providers that are engaged in payments.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $393,100
Program Service Revenue $0
Investment Income $18,810
Other Revenue $44,949
TOTAL REVENUE $456,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $458,323
Other Expenses $458,323
TOTAL EXPENSES $458,323

Year-over-Year Comparison

2024 2023 Change
Revenue $456,859 $371,936 +0.2%
Expenses $458,323 $360,552 +0.3%
Net Income $-1,464 $11,384 -1.1%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE A CORTES SERRANO DIRECTOR 0.00
Director
$0 $0 $0
JOE MASSIE DIRECTOR 0.00
Director
$0 $0 $0
ANTONIO CASSIO SEGURA DIRECTOR 0.00
Director
$0 $0 $0
NICOLE IBBOTSON DIRECTOR 0.00
Director
$0 $0 $0
AURORA GARZA HAGAN DIRECTOR/TREASURER 0.00
Officer Director
$0 $0 $0
JORGEN OSIO NORGAARD DIRECTOR/CHAIRPERSON 0.00
Officer Director
$0 $0 $0
ALBERTO GUERRA DIRECTOR 0.00
Director
$0 $0 $0
JUSTIN JENTER DIRECTOR/SECRETARY 0.00
Officer Director
$0 $0 $0
AMANDA KOSONEN DIRECTOR 0.00
Director
$0 $0 $0
ALLYSON WIBLEMO DIRECTOR 0.00
Director
$0 $0 $0
PAUL DWYER JR DIRECTOR 0.00
Director
$0 $0 $0
CAMERIN COHEN DIRECTOR 0.00
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 $456,859 $458,323 $746,177 $-1,464
2023 $371,936 $360,552 $725,682 $11,384
2022 $362,075 $275,320 $644,056 $86,755
2021 $308,090 $229,229 $539,606 $78,861
2020 $302,261 $229,146 $440,128 $73,115
2019 $240,965 $198,272 $366,487 $42,693
2018 $221,312 $180,780 $273,640 $40,532
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