Hawaii Association of Mortgage Brok
Nonprofit profile at a glance
- EIN
- 990323091
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Honolulu, HI, USA
- Phone
- 8089835500
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $65,627
- Expenses
- $64,261
- Assets
- $85,788
- Liabilities
- $2,030
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JUDITH MEREDITH (PRESIDENT)
People named in this filing
- ANGEL BERGER (DIRECTOR)
- DAVID BIRD (SECRETARY)
- DARRON CARSON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the association is to: 1. Promote the common business interests of those engaged in the mortgage brokerage industry. 2. To promote cooperative business transactions among its members. To provide a forum for the effective exchange of mortgage brokerage knowledge, trends, ideas and innovations. 3. To promote and enhance the image of the mortgage brokerage professional throughout the state of Hawaii. 4. To foster a broad understanding and acceptance of professional mortgage brokering as a source of alternative financing. 5. To protect the mortgage brokerage industry and public through legislative actions. 6. To promote the highest standards of professional practice and mortgage brokering ethics. 7. To promote a cooperative liaison with other related professional groups. 8. To do any and all things that are lawful and appropriate in the furtherance of these purposes.
What it reported doing in 2024
Annual conference - our annual conference is for all of the Hawaii mortgage industry brokers in Hawaii, members, and non-members. Members get a discounted price. The conference focuses on continuing education credits for licensing, as well as networking for members. We have a tradeshow, with the different lenders as well, for the broker members to get to meet and find out about their different mortgage products.
Operating model
- Revenue model
- Membership-supported. 75% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 46
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39%; rating input score 39
- Program expense ratio: 39.8%; rating input score 40
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.1%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -0.9% per year; rating input score 0; 48th percentile among comparable filings
- Revenue growth: -1% per year; rating input score 0; 56th percentile among comparable filings
- Asset growth: -7.7% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 39% of revenue deployed · 39.8% of spending went to programs
- Governance: 11 of 11 board members independent · 2 of 7 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.