PUBLIC UTILITIES RISK MANAGEMENT A… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

KENNETH LABRIE

Phone

5085993422

Tax Period

2024-01-01 to 2024-12-31

PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC, founded in 1997, is a small nonprofit that reported $430K in total revenue in fiscal year 2024. Expenses of $412K left a modest 4% surplus.

Mission

THE PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES PUBLICLY OWNED UTILITIES CONSISTENTLY SUPERIOR AND COST EFFECTIVE INFORMATION, EDUCATION AND SOLUTIONS TO THEIR RISK MANAGEMENT NEEDS.

Program Service Accomplishments

Program 1

Expenses: $235,446 Revenue: $344,762

THE ORGANIZATION PROVIDES RISK MANAGEMENT SERVICES TO ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,000

Program Service Revenue $409,762

Investment Income $0

Other Revenue $0

TOTAL REVENUE $429,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,130

Fundraising Expenses $0

Program Expenses $235,446

Other Expenses $102,043

TOTAL EXPENSES $412,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,762	$404,382	+0.1%
Expenses	$412,173	$380,744	+0.1%
Net Income	$17,589	$23,638	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLE MAGNIFICO	EXECUTIVE DI	N/A	Highest	$175,474	$44,296	$219,770
JEFFREY DOBBINS	PRESIDENT	N/A	Officer	$0	$0	$0
JAMIE NAUGHTON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KENNETH LABRIE	TREASURER	N/A	Officer	$0	$0	$0
BROOKE MCMAHON	CLERK	N/A	Officer Director	$0	$0	$0
TOM MORAHAN	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG SPINALE	DIRECTOR	N/A	Director	$0	$0	$0
MARIE HYNES	DIRECTOR	N/A	Director	$0	$0	$0

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	$429,762	$412,173	$425,235	$17,589
2023	$404,382	$380,744	$442,018	$23,638
2022	$406,225	$355,476	$469,820	$50,749
2021	$435,287	$469,665	$335,245	$-34,378
2020	$402,318	$421,282	$386,484	$-18,964
2019	$411,046	$397,994	$367,682	$13,052
2018	$378,791	$387,426	$366,568	$-8,635

PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC