TEXAS MORTGAGE BANKERS ASSOCIATION (EIN 750684612) - 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

1917

Legal Domicile

Principal Officer

SCOTT NORMAN

Phone

5124808622

Tax Period

2024-01-01 to 2024-12-31

TEXAS MORTGAGE BANKERS ASSOCIATION, founded in 1917, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO SERVE THE MUTUAL INTERESTS OF ITS MEMBERS IN ORDER TO PRESERVE, ENHANCE AND ADVANCE THE MORTGAGE BANKING AND REAL ESTATE FINANCE BUSINESS IN THE STATE OF TEXAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,406

Program Service Revenue $1,032,777

Investment Income $194,814

Other Revenue $0

TOTAL REVENUE $1,241,997

Expense Breakdown

Grants Paid $10,778

Salaries & Benefits $664,309

Fundraising Expenses $0

Other Expenses $1,073,587

TOTAL EXPENSES $1,748,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,241,997	$1,454,245	-0.1%
Expenses	$1,748,674	$1,584,837	+0.1%
Net Income	$-506,677	$-130,592	+2.9%

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

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

$236,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA VERCHER	EXECUTIVE VICE PRESIDENT	40.00	Officer	$93,959	$8,819	$102,778
SCOTT NORMAN	NEW EXECUTIVE VICE PRESIDENT	40.00	Officer	$122,500	$11,675	$134,175
MATTHEW KIKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODIE MORGAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN DEE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE REMINGTON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAYNA MCELREATH	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FLEMING	GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
MICHAEL BARBER	DIRECTOR	1.00	Officer	$0	$0	$0
MICHELLE BARRERA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BODE	DIRECTOR	1.00	Director	$0	$0	$0
RHIANNON BOLEN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDI CHAMBERS	DIRECTOR	1.00	Director	$0	$0	$0
AMY COKE	DIRECTOR	1.00	Director	$0	$0	$0
TOM COUTURE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY DEAN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE DOOLITTLE-MOYE	DIRECTOR	1.00	Director	$0	$0	$0
JARED EDMONDS	DIRECTOR	1.00	Director	$0	$0	$0
TIM ELKINS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HENLEY	DIRECTOR	1.00	Director	$0	$0	$0
JON HODGE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KLEMCKE	DIRECTOR	1.00	Director	$0	$0	$0
CISSY LARKIN	DIRECTOR	1.00	Director	$0	$0	$0
GIL LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
COLIN LUBA	DIRECTOR	1.00	Director	$0	$0	$0
STACEY MAISANO	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN PFLUGER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PRITCHETT	DIRECTOR	1.00	Director	$0	$0	$0
CHERIE PHEIFFER	DIRECTOR	1.00	Director	$0	$0	$0
BOB RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
RUTH RUHL	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN TURNER	DIRECTOR	1.00	Director	$0	$0	$0
REGINA UHL	DIRECTOR	1.00	Director	$0	$0	$0
DIONNE WARD	DIRECTOR	1.00	Director	$0	$0	$0
AMY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
KIM YOWELL	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$1,241,997	$1,748,674	$2,922,618	$-506,677
2023	$1,454,245	$1,584,837	$3,135,609	$-130,592
2022	$1,743,504	$1,572,590	$3,261,412	$170,914
2021	$1,620,504	$1,430,400	$3,430,541	$190,104
2020	$793,123	$949,726	$3,107,831	$-156,603
2019	$1,437,357	$1,551,491	$3,115,699	$-114,134

TEXAS MORTGAGE BANKERS ASSOCIATION