ASSOCIATION OF INDEPENDENT MORTGAGE EXPERTS (EIN 824304490) - 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

2018

Legal Domicile

Principal Officer

JONATHON HADDAD

Phone

3603355246

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF INDEPENDENT MORTGAGE EXPERTS, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $5.0M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $7.3M exceeded revenue, resulting in a 47% operating deficit.

Mission

PROTECT, SUPPORT, AND GROW THE BROKER CHANNEL THROUGH ADVOCACY, OUTREACH & EDUCATION.

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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 $117,071

Program Service Revenue $4,826,691

Investment Income $10,409

Other Revenue $110

TOTAL REVENUE $4,954,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,456,677

Fundraising Expenses $0

Other Expenses $4,822,384

TOTAL EXPENSES $7,279,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,954,281	$8,623,076	-0.4%
Expenses	$7,279,061	$8,221,700	-0.1%
Net Income	$-2,324,780	$401,376	-6.8%

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

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

$419,235

Total Directors

$589,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE KATIE SWEENEY	CHAIR & CEO	40.00	Officer Director	$249,988	$5,871	$255,859
MARC SUMMERS	PRESIDENT, TREASURER	40.00	Officer Director	$109,988	$25,280	$135,268
STEPHANIE GRAY	SECRETARY	40.00	Officer Director	$28,108	$0	$28,108
KARIS KOHEN	DIRECTOR, SVP BUSINESS DEV	40.00	Director	$145,821	$24,103	$169,924
JENNIFER LEONARD	VP MARKETING	40.00	Highest	$114,554	$5,641	$120,195
CLIFF GILMORE	CHIEF OF STAFF	40.00	Highest	$119,792	$0	$119,792

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	No data	No data	No data	No data
2023	$4,954,281	$7,279,061	$619,710	$-2,324,780
2022	$8,623,076	$8,221,700	$2,843,676	$401,376
2022	$8,623,076	$8,221,701	$2,866,777	$401,375
2021	$6,737,940	$5,150,035	$2,433,480	$1,587,905
2020	$4,997,838	$5,406,923	$1,128,826	$-409,085
2019	$6,019,631	$4,876,454	$1,360,998	$1,143,177
2018	$1,420,243	$1,263,013	$181,176	$157,230

ASSOCIATION OF INDEPENDENT MORTGAGE EXPERTS