GLOBAL RISK MANAGEMENT INSTITUTE

EIN: 134059911 501(c)(3) Education

NEW YORK, NY

Total Revenue
$388,639
Total Expenses
$171,922
Total Assets
$2,558,903
Net Assets
$2,534,063
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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
1999
Legal Domicile
NY
Phone
2122869292
Tax Period
2023-01-01 to 2023-12-31

GLOBAL RISK MANAGEMENT INSTITUTE, founded in 1999, is a small nonprofit in the Education sector that reported $389K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $217K, a strong 56% operating margin.

Mission

GLOBAL RISK MANAGEMENT INSTITUTE, INC. (GRMI) ENGAGES IN ACTIVITIES THAT SUPPORT AND ENCOURAGE THE ADVANCEMENT OF THE STUDY SUBJECTS RELATED TO RISK MANAGEMENT AND INCREASE THE QUALIFICATIONS OF RISK MANAGEMENT PROFESSIONALS ACROSS BUSINESSES AND INDUSTRIES. GRMI ALSO ADMINISTERS THE CANADIAN RISK MANAGEMENT (CRM) DESIGNATION.

Program Service Accomplishments

Program 1
Expenses: $93,396 Revenue: $341,390

PROFESSIONAL DEVELOPMENT - PROFESSIONAL FEES PAID TO DEVELOP RISK MANAGEMENT COURSES AND EDUCATIONAL PROGRAMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $341,390
Investment Income $47,249
Other Revenue $0
TOTAL REVENUE $388,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,396
Other Expenses $171,922
TOTAL EXPENSES $171,922

Year-over-Year Comparison

2023 2022 Change
Revenue $388,639 $518,545 -0.3%
Expenses $171,922 $238,051 -0.3%
Net Income $216,717 $280,494 -0.2%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
$1,363,256
Total Directors
4
$1,363,256
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President (to 11/1/23) 0.3
Officer Director
$0 $42,653 $280,506
N/A President 0.3
Officer Director
$0 $76,312 $584,706
N/A Treasurer 0.3
Officer Director
$0 $13,356 $230,482
N/A Secretary 0.3
Officer Director
$0 $29,185 $267,562
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 $388,639 $171,922 $2,558,903 $216,717
2022 $354,197 $199,629 $2,185,498 $154,568
2021 $518,545 $238,051 $2,269,207 $280,494
2020 $429,573 $350,966 $2,034,050 $78,607
2019 $495,878 $302,743 $1,885,849 $193,135
2018 $340,206 $296,083 $1,616,583 $44,123
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