My guess is the base of the tree is in trouble at this point. Too much moisture up against the trunk at the base.
Roger that. Moss grows only where there is sufficient moisture and is a clue to the tree's trunk being too dang wet.
I looked even more closely again at the mushrooms of the orginal pics. I see them close to, but I can't say
on the trunk.
As Mike Maas said, you could dig down to see where the mushroom originates. JP followed with a suggestion for basal excavation. I support both those statements. This sort of thing is precisely why you never, ever mulch up the base of a tree.
Now these muchrooms might be fruiting off of buried mulch, or wood particles. It's even possible that they could be fruiting off of the bark under the ground, but have not permeated the cambium and gotten going in the sapwood.
Either way, gently pull the soil back from the base, clean the flair w/ compressed air, or just water, and inspect. If you see abscessed sites, scrub em out as clean as you can. If the mycelium has taken hold, but it's more topical, just the drying out can arrest its growth. If callus (wound tisssue) can close back over, bingo. If the tree's healthy and the fungus hasn't gone deep, this can happen. If the tree is weakened by other causes (lightning strike, old age, pests, disease, drought, overwatering, etc, etc) and is in decline, then recovery is less likely.
Also recommend to remove some of that moss a foot or two up the trunk, as it holds water.
In the upcoming attached photo, if any of you see any of these mushrooms, collect as many as you can, and FedEx them to me for analysis. -TM-