Mortgage Bankers Association of FL (EIN 591029259) - 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

1985

Legal Domicile

Principal Officer

SHERRY GALLITZ

Phone

4078556155

Tax Period

2021-07-01 to 2022-06-30

Mortgage Bankers Association of FL, founded in 1985, is a small nonprofit that reported $232K in total revenue in fiscal year 2021. Expenses of $207K left a modest 11% surplus.

Mission

The Mortgage Bankers Association of Florida MBAF has integrated the states diverse real estate finance industry into a unified service organization promoting sound and ethical business practices.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $230,855

Investment Income $1

Other Revenue $1,135

TOTAL REVENUE $231,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $207,142

TOTAL EXPENSES $207,142

Year-over-Year Comparison

	2021	2020	Change
Revenue	$231,991	$237,791	0.0%
Expenses	$207,142	$186,153	+0.1%
Net Income	$24,849	$51,638	-0.5%

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

N/A

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA THOMAS	Executive Dir.	55.00	Officer	$60,000	$0	$60,000
Michelle Knoebel CMB	President	2.00	Director	$0	$0	$0
Doug Leever	PRESIDENT ELECT	2.00	Director	$0	$0	$0
Yvette Clermont CMB AMP	Vice President	2.00	Director	$0	$0	$0
Sherry Wenrich	Treasurer	2.00	Director	$0	$0	$0
Robert Villalon	Vice President	2.00	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
2022	$231,991	$207,142	$104,168	$24,849
2021	$237,791	$186,153	$94,740	$51,638

Mortgage Bankers Association of FL