California Mortgage Bankers Associ… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

Susan Milazzo

Phone

9164467100

Tax Period

2023-11-01 to 2024-10-31

California Mortgage Bankers Association, founded in 1955, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023.

Mission

The California MBA serves to represent the residential and commercial real estate finance industry before all governing bodies. The California MBA encourages and promotes sound business practices and honesty in marketing, origination, lending, and servicing of mortgage loans through our educational and networking opportunities.

Program Service Accomplishments

Program 1

Expenses: $1,949,727

CMBA conducts educational seminars and meetings for and on behalf of its members. The Association's conferences and other events give participants a great opportunity to reach out to others in the...

CMBA conducts educational seminars and meetings for and on behalf of its members. The Association's conferences and other events give participants a great opportunity to reach out to others in the industry and make lasting and valuable relationships, both professional and personal. With major annual conferences covering secondary marketing , loan servicing, and the commercial/multi family industry, one day conferences and workshops throughout the year and the Future Leaders Program, CMBA is committed to professional developments.CMBA monitors and analyzes legislation which may affect the mortgage banking industry. CMBA serves its membership by representing their legislative and regulatory interests before the California Legislature, the Governor's Office, the Department of Business Oversight, the Bureau of Real Estate and other regulatory agencies. CMBA also works closely with the Mortgage Bankers Association in Washington D.C. to provide support, guidance and expertise on federal issues impacting business in California.

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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 $0

Program Service Revenue $2,663,253

Investment Income $83,743

Other Revenue $8,749

TOTAL REVENUE $2,755,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $702,484

Fundraising Expenses $0

Program Expenses $1,949,727

Other Expenses $2,054,140

TOTAL EXPENSES $2,756,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,755,745	$2,627,345	+0.0%
Expenses	$2,756,624	$2,708,214	+0.0%
Net Income	$-879	$-80,869	-1.0%

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

$319,518

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Milazzo	CEO	40.00	Officer	$296,636	$22,882	$319,518
Susan Wilfley	Finance Manager	40.00		$100,570	$9,824	$110,394
Wes Iseley	Chair	2.00	Officer Director	$0	$0	$0
Gary Bechtel	President, Comm	2.00	Officer Director	$0	$0	$0
Jennifer Schachterle	President, Res.	2.00	Officer Director	$0	$0	$0
Andrew Mekjavich	Past Chair	2.00	Officer Director	$0	$0	$0
Cody Charfauros	Secretary	2.00	Officer Director	$0	$0	$0
Tom Gilliland	Director	2.00	Director	$0	$0	$0
Nick Pabarcus	Director	2.00	Director	$0	$0	$0
Kevin Wall	Director	2.00	Director	$0	$0	$0
Chris Botsford	Director	2.00	Director	$0	$0	$0
Marlene Chaker	Director	2.00	Director	$0	$0	$0
Paul Gigliotti	Director	2.00	Director	$0	$0	$0
Mike Fontaine	Director	2.00	Director	$0	$0	$0
AJ George	Director	2.00	Director	$0	$0	$0
Kim Nichols	Director	2.00	Director	$0	$0	$0
Rosalyn Hardy	Director	2.00	Director	$0	$0	$0
Kevin Peranio	Director	2.00	Director	$0	$0	$0
David Neylan	Director	2.00	Director	$0	$0	$0
David Smyle	Director	2.00	Director	$0	$0	$0
Brad Livingston	Director	2.00	Director	$0	$0	$0
Ike Suri	Director	2.00	Director	$0	$0	$0
Arvin Wijay	Director	2.00	Director	$0	$0	$0
Jeff Walsh	Director	2.00	Director	$0	$0	$0
Tom Wight	Director	2.00	Director	$0	$0	$0
Jon Irvine	Director	2.00	Director	$0	$0	$0
Chuck Iverson	Director	2.00	Director	$0	$0	$0
John Hedlund	Director	2.00	Director	$0	$0	$0
Laura Martell	Director	2.00	Director	$0	$0	$0
Mark Ulmer	Director	2.00	Director	$0	$0	$0
Marty Allred	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	$2,755,745	$2,756,624	$3,502,843	$-879
2023	$2,627,345	$2,708,214	$3,664,458	$-80,869
2022	$3,403,318	$2,846,805	$3,753,359	$556,513
2021	$2,834,161	$2,269,746	$3,200,878	$564,415
2020	$1,436,746	$1,783,233	$2,547,007	$-346,487
2019	$2,218,155	$2,250,808	$2,998,069	$-32,653
2019	$2,218,155	$2,250,808	$2,998,069	$-32,653
2018	$2,135,371	$2,240,814	$3,029,909	$-105,443

California Mortgage Bankers Association