Nashville Mortgage Bankers Association
EIN: 621106952 · Memphis, TN
| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $183K |
| Net Assets | $24K |
Is Nashville Mortgage Bankers Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nashville Mortgage Bankers Association
Nashville Mortgage Bankers Association (EIN: 621106952) is a nonprofit organization based in Memphis, TN. The organization reported total revenue of $150K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashville Mortgage Bankers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nashville Mortgage Bankers Association is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $183K |
| Surplus / Deficit | $-19,061 |
| Total Assets | $32K |
| Total Liabilities | $9K |
| Net Assets | $24K |
| Operating Margin | -11.7% |
| Debt-to-Asset Ratio | 27.3% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2023, Nashville Mortgage Bankers Association reported a deficit of $19K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 27.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nashville Mortgage Bankers Association's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | +21.4% | -46.8% |
| 2022 | +5.2% | +10.9% | +34.3% |
| 2021 | +14.2% | +5.1% | +15.3% |
| 2020 | +56.3% | +55.1% | -12.7% |
| 2019 | +86.0% | +224.8% | -27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nashville Mortgage Bankers Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nashville Mortgage Bankers Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.3%.
Frequently Asked Questions about Nashville Mortgage Bankers Association
Is Nashville Mortgage Bankers Association a legitimate charity?
Nashville Mortgage Bankers Association (EIN: 621106952) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. Financial health grade: C.
How does Nashville Mortgage Bankers Association spend its money?
Nashville Mortgage Bankers Association reported $150K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nashville Mortgage Bankers Association tax-deductible?
Nashville Mortgage Bankers Association is registered as a tax-exempt nonprofit (EIN: 621106952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nashville Mortgage Bankers Association located?
Nashville Mortgage Bankers Association is headquartered in Memphis, Tennessee and files with the IRS under EIN 621106952.
How many years of IRS 990 filings does Nashville Mortgage Bankers Association have?
Nashville Mortgage Bankers Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $150K in total revenue.
Filing History
IRS 990 filing history for Nashville Mortgage Bankers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nashville Mortgage Bankers Association's revenue has grown by 231.4%, moving from $49K to $163K. Total assets increased by 15% over the same period, from $28K to $32K. Total functional expenses rose by 290.4%, from $47K to $183K. In its most recent filing year (2023), Nashville Mortgage Bankers Association reported a deficit of $19K, with expenses exceeding revenue. The organization holds $9K in liabilities against $32K in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $183K | $32K | $9K | — | View 990 |
| 2022 | $148K | $150K | $61K | $18K | — | View 990 |
| 2021 | $141K | $135K | $45K | $661 | — | View 990 |
| 2020 | $123K | $129K | $39K | $0 | — | View 990 |
| 2019 | $79K | $83K | $45K | $150 | — | View 990 |
| 2018 | $42K | $26K | $62K | $5K | — | View 990 |
| 2017 | $69K | $71K | $42K | $2K | — | View 990 |
| 2016 | $63K | $59K | $45K | $2K | — | View 990 |
| 2015 | $46K | $48K | $42K | $2K | — | View 990 |
| 2014 | $55K | $46K | $47K | $5K | — | View 990 |
| 2013 | $64K | $52K | $37K | $5K | — | View 990 |
| 2012 | $39K | $43K | $24K | $4K | — | View 990 |
| 2011 | $49K | $47K | $28K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $183K, and assets of $32K (revenue +10.3% year-over-year).
- 2022: Revenue of $148K, expenses of $150K, and assets of $61K (revenue +5.2% year-over-year).
- 2021: Revenue of $141K, expenses of $135K, and assets of $45K (revenue +14.2% year-over-year).
- 2020: Revenue of $123K, expenses of $129K, and assets of $39K (revenue +56.3% year-over-year).
- 2019: Revenue of $79K, expenses of $83K, and assets of $45K (revenue +86.0% year-over-year).
- 2018: Revenue of $42K, expenses of $26K, and assets of $62K (revenue -38.5% year-over-year).
- 2017: Revenue of $69K, expenses of $71K, and assets of $42K (revenue +9.6% year-over-year).
- 2016: Revenue of $63K, expenses of $59K, and assets of $45K (revenue +37.9% year-over-year).
- 2015: Revenue of $46K, expenses of $48K, and assets of $42K (revenue -17.6% year-over-year).
- 2014: Revenue of $55K, expenses of $46K, and assets of $47K (revenue -13.6% year-over-year).
- 2013: Revenue of $64K, expenses of $52K, and assets of $37K (revenue +65.6% year-over-year).
- 2012: Revenue of $39K, expenses of $43K, and assets of $24K (revenue -21.5% year-over-year).
- 2011: Revenue of $49K, expenses of $47K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nashville Mortgage Bankers Association:
Data Sources and Methodology
This transparency report for Nashville Mortgage Bankers Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.