NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC

EIN: 591673989

PLANO, TX

Total Revenue
$1,852,546
Total Expenses
$1,690,104
Total Assets
$1,411,977
Net Assets
$1,402,909
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
TX
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 ASSOCATION FOR MORTGAGE PROFESSIONALS. THE ASSOCIATION OFFERS CERTIFICATION, EDUCATION, NATIONAL CONFERENCES AND LEGISLATIVE ADVOCACY FOR MORTGAGE PROFESSIONALS.

Program Service Accomplishments

Program 1
Expenses: $1,088,246 Revenue: $1,266,464

CONFERENCES: NAMB'S OFFER UNIQUE OPPORTUNITIES TO DEVELOP PROFESSIONAL SKILLS, DISCOVER THE LATEST TECHNOLOGY, NETWORK WITH PEERS, AND MEET WITH THE LARGEST GATHERING OF LENDERS AND OTHER SUPPLIERS...

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CONFERENCES: NAMB'S OFFER UNIQUE OPPORTUNITIES TO DEVELOP PROFESSIONAL SKILLS, DISCOVER THE LATEST TECHNOLOGY, NETWORK WITH PEERS, AND MEET WITH THE LARGEST GATHERING OF LENDERS AND OTHER SUPPLIERS IN THE INDUSTRY.

Program 2
Expenses: $205,262 Revenue: $182,176

GOVERNMENT AFFAIRS REPRESENTATION: NAMB PROVIDES NAMB MEMBERS WITH THE OPPORTUNITY TO TRAVEL TO WASHINGTON DC AND MEET WITH THEIR REPRESENTATIVES AND SENATORS ON CAPITOL HILL.

Program 3
Expenses: $109,328 Revenue: $12,957

EDUCATION: THE NAMB EDUCATION PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES TO MORTGAGE PROFESSIONALS. THROUGH COURSES TAUGHT IN CLASSROOM SETTINGS AND ONLINE COURSES, NAMB CREATES CONTINUING EDUCATION...

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EDUCATION: THE NAMB EDUCATION PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES TO MORTGAGE PROFESSIONALS. THROUGH COURSES TAUGHT IN CLASSROOM SETTINGS AND ONLINE COURSES, NAMB CREATES CONTINUING EDUCATION FOR PROFESSIONALS THAT MUST MEET STATE LICENSING REQUIREMENTS AND THOSE INTERESTED IN FURTHERING THEIR KNOWLEDGE OF THEIR INDUSTRY.

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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%)

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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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Governance

Voting Members
12
Independent Members
12
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
6
$15,000
Total Directors
12
$15,000
Key Employees
0
$0
Highest Compensated
0
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
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