MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC (EIN 510502943) - 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

2004

Legal Domicile

Principal Officer

DAVID COLEMAN

Phone

2025572700

Tax Period

2023-10-01 to 2024-09-30

MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

DEVELOP ESSENTIAL STANDARDS TO IMPROVE EFFICIENCY, REDUCE COST & IMPROVE THE MORTGAGE EXPERIENCE.

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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 $3,276,275

Investment Income $166,444

Other Revenue $0

TOTAL REVENUE $3,442,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,021,889

TOTAL EXPENSES $4,021,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,442,719	$4,370,300	-0.2%
Expenses	$4,021,889	$4,110,169	0.0%
Net Income	$-579,170	$260,131	-3.2%

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

776

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

$1,786,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HEDLUND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SAGE NICHOLS	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MICHELE BODDA	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM BOWLER	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA DORSEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON BRESSLER	BOARD MEMBER (UNTIL 05/24)	0.50	Director	$0	$0	$0
TIM ELKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL FRATANTONI	BOARD MEMBER	0.50	Director	$0	$0	$0
SUZANNE GARWOOD	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK HARTFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE HOGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JERRY HALBROOK	BOARD MEMBER (UNTIL 11/23)	0.50	Director	$0	$0	$0
ARAVIND JAGANNATHAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF HURLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
KURT JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
GIUSEPPE LUCIDO	BOARD MEMBER	0.50	Director	$0	$0	$0
TERI PANSING	BOARD MEMBER	0.50	Director	$0	$0	$0
AARON PERLIS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE POWEL	BOARD MEMBER (UNTIL 12/23)	0.50	Director	$0	$0	$0
ERIC RAY	BOARD MEMBER	0.50	Director	$0	$0	$0
IKE SURI	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT TULLY	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN D SMITH	BOARD MEMBER (UNTIL 01/24)	0.50	Director	$0	$0	$0
SALLY FRENCH TYLER	BOARD MEMBER (UNTIL 12/23)	0.50	Director	$0	$0	$0
CHUCK WALKER	BOARD MEMBER (UNTIL 12/23)	0.50	Director	$0	$0	$0
MICHAEL WOOD	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN WOODRING	BOARD MEMBER (UNTIL 12/23)	0.50	Director	$0	$0	$0
MICHAEL W BRIGGS	MISMO SECRETARY (FROM 06/20/24)	1.00	Officer	$0	$38,642	$434,710
SETH D APPLETON	MISMO PRESIDENT (UNTIL 01/06/23)	35.00	Officer	$0	$1,335	$25,867
JANIS K DAVIS	MISMO VP-INDUSTRY STANDARDS	35.00	Officer	$0	$30,410	$287,199
JONATHAN P KEARNS	MISMO VP-PRODUCT DEVELOPMENT	35.00	Officer	$0	$59,224	$279,413
DAVID A COLEMAN	MISMO PRESIDENT (UNTIL 09/26/24)	35.00	Officer	$0	$32,985	$273,236
SHELLEY W REBACK	MISMO SECRETARY (UNTIL 06/19/24)	1.00	Officer	$0	$30,304	$241,071
HEATHER D MESSAM	MISMO TREASURER	1.00	Officer	$0	$18,638	$244,749
RICHARD J HILL	ACTING MISMO PRESIDENT (FROM 09/24)	17.50	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	$3,442,719	$4,021,889	$3,749,919	$-579,170
2023	$4,370,300	$4,110,169	$4,538,814	$260,131
2022	$5,709,090	$4,436,803	$5,236,615	$1,272,287
2021	$4,116,831	$2,956,997	$3,291,760	$1,159,834
2020	$977,825	$1,615,952	$1,826,123	$-638,127
2019	$2,903,819	$1,084,226	$2,492,459	$1,819,593
2018	$952,670	$970,622	$616,632	$-17,952

MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC