NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC (EIN 591673989) - 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

1973

Legal Domicile

Phone

5053465468

Tax Period

2023-10-01 to 2024-09-30

NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC, founded in 1973, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.7M left a modest 9% surplus.

Mission

NAMB IS THE NATIONAL TRADE ASSOCIATION FOR MORTGAGE PROFESSIONALS. THE ASSOCIATION OFFERS CERTIFICATION, EDUCATION, NATIONAL CONFERENCES AND LEGISLATIVE ADVOCACY FOR MORTGAGE PROFESSIONALS.

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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 $365,102

Program Service Revenue $1,461,597

Investment Income $25,847

Other Revenue $0

TOTAL REVENUE $1,852,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,676

Fundraising Expenses $0

Program Expenses $1,462,589

Other Expenses $1,669,428

TOTAL EXPENSES $1,690,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,852,546	$2,116,768	-0.1%
Expenses	$1,690,104	$2,306,499	-0.3%
Net Income	$162,442	$-189,731	-1.9%

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

$15,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE SAUNDERS	PRESIDENT	20.00	Officer Director	$15,000	$0	$15,000
JIM NABORS	PRESIDENT - ELECT	15.00	Officer Director	$0	$0	$0
ROCKE ANDREWS	IMMEDIATE PAST PRESIDENT	15.00	Officer Director	$0	$0	$0
KIMBER WHITE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFF PERRY	TREASURER	20.00	Officer Director	$0	$0	$0
MIKE DESANTIS	SECRETARY	10.00	Officer Director	$0	$0	$0
RAY EDWARDS	DIRECTOR	5.00	Director	$0	$0	$0
CATHY LEE	DIRECTOR	5.00	Director	$0	$0	$0
MIKE FARRELL	DIRECTOR	5.00	Director	$0	$0	$0
STEVE SCOTT	DIRECTOR	5.00	Director	$0	$0	$0
ROSS MILLER	DIRECTOR	5.00	Director	$0	$0	$0
LAUREN PATTERSON	DIRECTOR	5.00	Director	$0	$0	$0
ERNEST JONES JR	FORMER PRESIDENT	0.00		$22,500	$0	$22,500

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	$1,852,546	$1,690,104	$1,411,977	$162,442
2023	$2,116,768	$2,306,499	$1,412,842	$-189,731
2022	$2,152,300	$1,651,841	$1,702,763	$500,459
2021	$2,101,338	$995,313	$1,268,963	$1,106,025
2020	$1,203,680	$1,319,907	$174,245	$-116,227
2019	$1,691,418	$1,722,318	$289,472	$-30,900
2018	$1,177,682	$1,726,173	$320,372	$-548,491
2018	$1,305,532	$1,723,411	$323,136	$-417,879

NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC