GLOBAL ASSOCIATION OF RISK PROFESSIONALS INC (EIN 020571577) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

RICHARD APOSTOLIK

Phone

2017197210

Tax Period

2023-01-01 to 2023-12-31

GLOBAL ASSOCIATION OF RISK PROFESSIONALS INC, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $48.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $42.7M left a modest 12% surplus.

Mission

TO ADVANCE THE RISK PROFESSION THRU EDUCATION, TRAINING & THE PROMOTION OF BEST PRACTICES GLOBALLY.

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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 $43,193,743

Investment Income $4,514,577

Other Revenue $763,758

TOTAL REVENUE $48,472,078

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $24,221,460

Fundraising Expenses $0

Other Expenses $18,464,991

TOTAL EXPENSES $42,687,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,472,078	$42,600,268	+0.1%
Expenses	$42,687,451	$42,512,198	+0.0%
Net Income	$5,784,627	$88,070	+64.7%

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

111

Volunteers

N/A

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

$4,013,706

Total Directors

$2,881,962

Key Employees

$2,565,352

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD APOSTOLIK	PRESIDENT & CEO	45.00	Officer Director	$1,839,533	$1,042,429	$2,881,962
BRADFORD HU	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BEN GOLUB	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW GRAY	TRUSTEE	1.00	Director	$0	$0	$0
GEOFFREY GREENER	TRUSTEE	1.00	Director	$0	$0	$0
STUART LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
JACQUES LONGERSTAEY	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR NG	TRUSTEE	1.00	Director	$0	$0	$0
LEWIS O'DONALD	TRUSTEE	1.00	Director	$0	$0	$0
ALESSA QUANE	TRUSTEE	1.00	Director	$0	$0	$0
FRANK RONCEY	TRUSTEE	1.00	Director	$0	$0	$0
ALAN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
PETER TUFANO	TRUSTEE	1.00	Director	$0	$0	$0
PRISCELLA CERVANTES	CFO/CAO	38.00	Officer	$767,208	$364,536	$1,131,744
CHRISTOPHER J DONOHUE	MANAGING DIRECTOR	50.00	Key Emp	$1,036,381	$662,235	$1,698,616
JEFFREY MAH	CIO	40.00	Key Emp	$446,073	$68,996	$515,069
LILY PAN	MANAGING DIRECTOR	40.00	Key Emp	$306,845	$44,822	$351,667
JOANNA PAISLEY	CO PRESIDENT GRI	40.00	Highest	$714,958	$0	$714,958
WILLIAM HENRY MAY	SVP, GLOBAL HEAD OF RESEARCH	40.00	Highest	$611,112	$64,988	$676,100
RACHEL LERNER	GENERAL COUNSEL	40.00	Highest	$722,092	$264,749	$986,841
MICHAEL WILLIAM SELL	HEAD OF BUSINESS DEVELOPMENT	40.00	Highest	$473,843	$60,274	$534,117
JULIAN HUNGCHUN CHEN	SVP, CERTIFICATION AND EDU	1.00	Highest	$400,809	$68,248	$469,057

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	No data	No data	No data	No data
2023	$48,472,078	$42,687,451	$65,472,728	$5,784,627
2022	$42,600,268	$42,512,198	$64,361,453	$88,070
2021	$55,059,565	$47,563,062	$66,882,119	$7,496,503
2020	$33,280,732	$45,832,924	$60,089,090	$-12,552,192
2019	$47,239,756	$41,500,173	$60,128,014	$5,739,583
2018	$42,641,858	$34,734,678	$47,208,045	$7,907,180

GLOBAL ASSOCIATION OF RISK PROFESSIONALS INC