NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION (EIN 522062500) - 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

1998

Legal Domicile

Principal Officer

STEVE IRWIN

Phone

2029391760

Tax Period

2023-01-01 to 2023-12-31

NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROMOTE AWARENESS & USE OF REVERSE MORTGAGES

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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 $1,018,093

Program Service Revenue $742,213

Investment Income $32,159

Other Revenue $0

TOTAL REVENUE $1,792,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $626,450

Other Expenses $2,091,352

TOTAL EXPENSES $2,091,352

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,792,465	$2,975,782	-0.4%
Expenses	$2,091,352	$2,550,931	-0.2%
Net Income	$-298,887	$424,851	-1.7%

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

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	Role	Reportable Comp	Other Comp	Total
MICHAEL KENT	CO-CHAIRPERSON	Officer Director	$0	$0	$0
SCOTT NORMAN	CO-CHAIRPERSON	Officer Director	$0	$0	$0
JIM CORY	VICE CHAIR	Officer Director	$0	$0	$0
ROBERT SIVORI	VICE CHAIR	Officer Director	$0	$0	$0
ELLY JOHNSON	SECRETARY	Officer Director	$0	$0	$0
MICHAEL MCCULLY	TREASURER	Officer Director	$0	$0	$0
ROB AWALT	DIRECTOR	Director	$0	$0	$0
CARMALON BATISTE	DIRECTOR	Director	$0	$0	$0
TERRY CONNEALY	DIRECTOR	Director	$0	$0	$0
JENNIFER COSENTIINI	DIRECTOR	Director	$0	$0	$0
LAURA CULLEN	DIRECTOR	Director	$0	$0	$0
JOSEPH DEMARKEY	DIRECTOR	Director	$0	$0	$0
CHRIS DOWNEY	DIRECTOR	Director	$0	$0	$0
KEVIN GHERADI	DIRECTOR	Director	$0	$0	$0
SCOTT HARMES	DIRECTOR	Director	$0	$0	$0
CHRISTINA LARESE	DIRECTOR	Director	$0	$0	$0
RYAN LAROSE	DIRECTOR	Director	$0	$0	$0
MEGEN LAWLER	DIRECTOR	Director	$0	$0	$0
BRITANY LUTH	DIRECTOR	Director	$0	$0	$0
CHRISTOPHER MAYER	DIRECTOR	Director	$0	$0	$0
ALEXANDER PISTONE	DIRECTOR	Director	$0	$0	$0
LOREN RIDDICK	DIRECTOR	Director	$0	$0	$0
ED ROBINSON	DIRECTOR	Director	$0	$0	$0
STEPHEN RYCZEK	DIRECTOR	Director	$0	$0	$0
JAY WRIGHT	DIRECTOR	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	No data	No data	No data	No data
2023	$1,792,465	$2,091,352	$1,429,976	$-298,887
2022	$2,975,782	$2,550,931	$1,805,107	$424,851
2021	$2,141,039	$1,967,941	$1,432,158	$173,098
2020	$1,622,121	$1,933,438	$1,204,843	$-311,317
2019	$2,078,115	$2,428,588	$1,304,703	$-350,473
2018	$2,787,247	$2,881,363	$1,855,438	$-94,116

NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION