MORTGAGE BANKERS ASSOCIATION OF ALABAMA (EIN 636049593) - 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

1929

Legal Domicile

Principal Officer

JACKSON BENEFIELD

Phone

3342608197

Tax Period

2020-06-01 to 2021-05-31

MORTGAGE BANKERS ASSOCIATION OF ALABAMA, founded in 1929, is a small nonprofit that reported $221K in total revenue in fiscal year 2018. Expenses of $269K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ENCOURAGE SOUND ETHICAL BUSINESS PRACTICES, INFORM MEMBERS OF CHANGES IN LAWS AND REGULATIONS AFFECTING THE MORTGAGE BANKING BUSINESS, AND PROVIDE EDUCATIONAL PROGRAMS TO PROMOTE PROFESSIONALISM WITHIN THE INDUSTRY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $47,250

Program Service Revenue $66,000

Investment Income $34

Other Revenue $68

TOTAL REVENUE $113,352

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $21,741

Fundraising Expenses $0

Program Expenses $48,945

Other Expenses $73,561

TOTAL EXPENSES $96,802

Year-over-Year Comparison

	2020	2019	Change
Revenue	$113,352	$186,269	-0.4%
Expenses	$96,802	$208,635	-0.5%
Net Income	$16,550	$-22,366	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHAL WORTHINGTON	PRESIDENT	4.00	Officer Director	$0	$0	$0
JACKSON BENEFIELD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JEANNIE SOSEBEE	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
TAMMY MCCURRY	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD R SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CATHY JAMES	DIRECTOR	1.00	Director	$0	$0	$0
SARAH COLVIN	DIRECTOR	1.00	Director	$0	$0	$0
RAY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LARA H SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHIP CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KING	BOARD ADVISOR	1.00	Director	$0	$0	$0
DAVID DRESHER	LEGAL COUNSEL	1.00	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
2021	$113,352	$96,802	$99,005	$16,550
2020	$186,269	$208,635	$75,255	$-22,366
2019	$221,093	$268,823	$97,621	$-47,730

MORTGAGE BANKERS ASSOCIATION OF ALABAMA