VIRGINIA MORTGAGE BANKERS ASSOCIATION (EIN 540755922) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

STACY K PUCKETT

Phone

8048194727

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA MORTGAGE LENDERS ASSOCIATION, founded in 1964, is a small nonprofit that reported $211K in total revenue in fiscal year 2018. Expenses of $181K left a modest 14% surplus.

Mission

TO REPRESENT THE MORTGAGE INDUSTRY AND PROVIDE SERVICES TO MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,608

Program Service Revenue $89,487

Investment Income $5,980

Other Revenue $4,840

TOTAL REVENUE $160,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $153,963

TOTAL EXPENSES $153,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,915	$155,824	+0.0%
Expenses	$153,963	$153,142	+0.0%
Net Income	$6,952	$2,682	+1.6%

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

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
SARAH B STEDFAST	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL WEST	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
DOUG HOUSTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA E POND	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL ULLMANN	TREASURER	1.00	Officer Director	$0	$0	$0
WILL BALLENTINE	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
TERRI DART BRADLEY	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FILIBERTO	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
KRISTI HARDY	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
JULIA ROBERTS	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROCKEFELLER	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
PATTI L DICKERSON	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
SARAH DODSON	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
GEORGETTE HOUCHINS	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GREENWAY CMB	CENTRAL VA DIRECTOR	1.00	Director	$0	$0	$0
JOSH KLEMMER	RICHMOND DIRECTOR	1.00	Director	$0	$0	$0
RYAN MUTTER	PENINSULA DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ROTENBERRY	BLUE RIDGE DIRECTOR	1.00	Director	$0	$0	$0
PATRICK STEELE	TIDEWATER DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WARD	NORTHERN VIRGINIA DIRECTOR	1.00	Director	$0	$0	$0
WALT LYONS	EXECUTIVE DIRECTOR	28.00	Officer 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	$160,915	$153,963	$222,357	$6,952
2023	$155,824	$153,142	$223,050	$2,682
2022	$170,364	$163,892	$217,079	$6,472
2021	$178,483	$157,790	$251,713	$20,693
2020	$109,305	$95,353	$208,772	$13,952
2018	$210,653	$181,279	$168,412	$29,374

VIRGINIA MORTGAGE BANKERS ASSOCIATION