AFFILIATES RISK MANAGEMENT SERVICE… - 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

2001

Legal Domicile

Principal Officer

J COBRIN

Phone

2122614440

Tax Period

2024-01-01 to 2024-12-31

AFFILIATES RISK MANAGEMENT SERVICESINC, founded in 2001, is a mid-sized nonprofit in the Community Improvement sector that reported $39.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

AFFILIATES RISK MANAGEMENT SERVICES ADMINISTERS A COMPREHENSIVE, STABLE, AND AFFORDABLE INSURANCE PROGRAM, AND PROVIDES EDUCATIONAL AND RISK AND QUALITY MANAGEMENT SERVICES TO ASSIST ITS CLIENTS TO ENHANCE PATIENT SAFETY, IMPROVE HEALTH OUTCOMES, AND MINIMIZE THE RISK OF LOSS.

Program Service Accomplishments

Program 1

Expenses: $28,268,255 Revenue: $28,789,423

PROGRAM ADMINISTRATOR TO THE NATIONAL INSURANCE PROGRAM (NIP): DESIGN, IMPLEMENTATION, ADMINISTRATION, AND PROCUREMENT OF A COMPREHENSIVE INSURANCE PROGRAM OFFERING A VARIETY OF INSURANCE COVERAGES...

Program 2

Expenses: $4,942,731 Revenue: $5,033,857

THE CENTER FOR AFFILIATED LEARNING: OPERATE A LEARNING AND TRAINING CENTER THAT OFFERS MORE THAN 3,500 LEARNING OPPORTUNITIES, INCLUDING PROVIDING CONTINUING MEDICAL EDUCATION (CME) CREDITS AND...

THE CENTER FOR AFFILIATED LEARNING: OPERATE A LEARNING AND TRAINING CENTER THAT OFFERS MORE THAN 3,500 LEARNING OPPORTUNITIES, INCLUDING PROVIDING CONTINUING MEDICAL EDUCATION (CME) CREDITS AND CONTINUING EDUCATION.

Program 3

Expenses: $2,026,787 Revenue: $2,064,155

RISK, QUALITY, AND PATIENT SAFETY:DEVELOPMENT AND IMPLEMENTATION OF RISK, QUALITY, AND PATIENT SAFETY PROGRAMS TO MINIMIZE THE RISK EXPOSURE OF THE PROGRAM'S TAX-EXEMPT PARTICIPANTS; DEVELOPMENT OF PROGRAMS INTENDED TO IDENTIFY AND PREVENT CONDITIONS DEEMED LIKELY TO CONTRIBUTE TO THE RISK OF LOSS AND CLAIMS.

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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 $3,216,870

Program Service Revenue $35,887,435

Investment Income $641,885

Other Revenue $60,849

TOTAL REVENUE $39,807,039

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $8,317,819

Fundraising Expenses $0

Program Expenses $35,237,773

Other Expenses $30,461,818

TOTAL EXPENSES $38,804,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,807,039	$36,112,979	+0.1%
Expenses	$38,804,637	$34,281,800	+0.1%
Net Income	$1,002,402	$1,831,179	-0.5%

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

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

$2,436,319

Total Directors

$1,219,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JA COBRIN	PRESIDENT AND CEO	50.00	Officer Director	$1,142,459	$76,883	$1,219,342
H CARTER	CHAIRPERSON	0.70	Officer Director	$0	$0	$0
R ROGERS COLLINS	VICE CHAIRPERSON	0.70	Officer Director	$0	$0	$0
D HARRIS	TREASURER	0.70	Officer Director	$0	$0	$0
L LINDENBAUM	SECRETARY	0.70	Officer Director	$0	$0	$0
S CROSS	DIRECTOR	0.70	Director	$0	$0	$0
S GREENBERG	DIRECTOR	0.70	Director	$0	$0	$0
D FENNER	DIRECTOR	0.70	Director	$0	$0	$0
M LINTON	DIRECTOR	0.70	Director	$0	$0	$0
A MANDADO	DIRECTOR	0.70	Director	$0	$0	$0
J PETUCHOWSKI	DIRECTOR	0.70	Director	$0	$0	$0
D SILVER	DIRECTOR	0.70	Director	$0	$0	$0
R FINS	CHIEF OPERATING OFFICER	40.00	Officer	$362,245	$93,417	$455,662
L WOLF	GENERAL COUNSEL	40.00	Officer	$344,212	$72,555	$416,767
A IUCHYK	CHIEF FINANCIAL OFFICER	40.00	Officer	$257,154	$87,394	$344,548
A DANIELS	DIRECTOR OF LEARNING & COMM.	40.00	Highest	$268,107	$47,455	$315,562
S SELLERS	DIRECTOR OF INSURANCE	40.00	Highest	$213,702	$20,851	$234,553
M PAUL	MEDICAL DIRECTOR	40.00	Highest	$211,588	$42,927	$254,515
A RAFFEL	DIRECTOR OF TECHNOLOGY SVCS	40.00	Highest	$212,206	$45,301	$257,507
J LOPEZ DIRECTOR OF	RISK, QUALITY, & PATIENT SAFETY	40.00	Highest	$175,729	$61,934	$237,663

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	$39,807,039	$38,804,637	$33,323,004	$1,002,402
2023	$36,112,979	$34,281,800	$25,620,865	$1,831,179
2022	$30,128,875	$30,661,530	$23,856,228	$-532,655
2021	$29,825,362	$27,899,518	$25,877,262	$1,925,844
2020	$27,119,417	$25,613,178	$24,392,217	$1,506,239
2019	$23,268,805	$22,122,565	$21,783,257	$1,146,240
2018	$22,865,031	$21,426,196	$19,392,574	$1,438,835

AFFILIATES RISK MANAGEMENT SERVICESINC