WASHINGTON MORTGAGE BANKERS ASSOCIATION (EIN 910719486) - 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

1959

Legal Domicile

Principal Officer

DONOVAN DOUVIA

Tax Period

2023-09-01 to 2024-08-31

WASHINGTON MORTGAGE BANKERS ASSOCIATION, founded in 1959, is a small nonprofit that reported $180K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $204K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE WASHINGTON MORTGAGE BANKERS ASSOCIATION IS THE VOICE OF THE MORTGAGE INDUSTRY COMMUNITY IN WASHINGTON STATE. THE WMBA EXISTS TO EDUCATE, CONNECT, AND INSPIRE OUR MEMBERS, CLIENTS, AND PARTNERS TO ENGAGE, ADVOCATE, AND POSITIVELY IMPACT THE COMMUNITIES WE LIVE AND SERVE IN.

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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 $35,254

Program Service Revenue $137,466

Investment Income $88

Other Revenue $7,408

TOTAL REVENUE $180,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $204,011

TOTAL EXPENSES $204,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,216	$139,678	+0.3%
Expenses	$204,011	$220,481	-0.1%
Net Income	$-23,795	$-80,803	-0.7%

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

N/A

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
ANDY MCDONOUGH	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEANNINE SPRAGUE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DONOVAN DOUVIA	TREASURER	2.00	Officer Director	$0	$0	$0
JASON BLOOM	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY FERNANDEZ	PAST PRESIDENT	2.00	Director	$0	$0	$0
ROSE MARIE DAVID	CHAIRMAN OF THE BOARD	2.00	Director	$0	$0	$0
JOHN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
STEVE CORY	DIRECTOR	2.00	Director	$0	$0	$0
YANNA NELSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER SAILUS	DIRECTOR	2.00	Director	$0	$0	$0
ERIC SEIDENBERGER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KOT	DIRECTOR	2.00	Director	$0	$0	$0
TONJA WORTHAM	DIRECTOR	2.00	Director	$0	$0	$0
KEN MACDONALD	DIRECTOR	2.00	Director	$0	$0	$0
AL BREWER	DIRECTOR	2.00	Director	$0	$0	$0
DIMI HARTMAN	DIRECTOR	2.00	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
2024	$180,216	$204,011	$81,196	$-23,795
2023	$139,678	$220,481	$70,794	$-80,803
2022	$135,000	$145,172	$149,960	$-10,172
2021	$238,505	$257,585	$153,642	$-19,080
2020	$240,779	$196,339	$194,247	$44,440
2019	$363,344	$340,991	$163,142	$22,353

WASHINGTON MORTGAGE BANKERS ASSOCIATION