Foreclosurepediareports that the backstory on NAMFS is one of sadness; the story is akin to the dying carnival workers whom are hocking everything, including the tent itself, in hopes that no one will realize that the painted clown is not sad due to the makeup, but due to their insignificance in the modern world today.
Foreclosurepediareports that Miller’s One Hundred and Twenty Two Thousand Dollar a year salary, consuming over Eighty Five Percent of all NAMFS Member dues, now is becoming a liability for the nearly financially insolvent trade association, NAMFS.
NAMFS posted a NEGATIVE $47,283 as revenue for Fiscal Year 2015
NAMFS earned $493,036 and spent $540,319 — That is $47,283 more than they earned
NAMFS provided $84,000 in compensation to “…disqualified persons as defined under section 4958(f)(1) and persons described in section 4958(c)(3)(B) by the Internal Revenue Service (IRS).”
NAMFS Membership Revenue declined by $41,340
NAMFS Program Service Revenue, their lifeblood, dropped by $71,36
NAMFS Total Assets dropped another $56,661— NAMFS Cash On Hand is now $27,403