THE RISK MANAGEMENT ASSOCIATION (EIN 230892360) - 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

1921

Legal Domicile

Principal Officer

DEBBIE BIANUCCI

Phone

2154464000

Tax Period

2023-09-01 to 2023-12-31

THE RISK MANAGEMENT ASSOCIATION, founded in 1921, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring.

Mission

RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY.

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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 $9,942,725

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,942,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,326,565

Fundraising Expenses $0

Other Expenses $5,049,669

TOTAL EXPENSES $10,376,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,942,725	$29,308,314	-0.7%
Expenses	$10,376,234	$31,834,387	-0.7%
Net Income	$-433,509	$-2,526,073	-0.8%

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

110

Volunteers

1220

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

$4,858,599

Total Directors

Key Employees

$1,637,091

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA NORTON	DIRECTOR	2.00	Director	$0	$0	$0
AVANI PAREKH	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
CAROL SEVERYN	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
CRYSTAL HUMPHREYS	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
GEORGE BUCHANAN	DIRECTOR	2.00	Director	$0	$0	$0
GRAEME HEPWORTH	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI ANDRION	DIRECTOR	2.00	Director	$0	$0	$0
HUMBERTO SALOMON	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
JODI RICHARD	CHAIR	2.00	Director	$0	$0	$0
JULIE NOSSER	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
KEVIN SLANE	DIRECTOR	2.00	Director	$0	$0	$0
KIERAN FALLON	DIRECTOR	2.00	Director	$0	$0	$0
MARK BRUCKER	DIRECTOR	2.00	Director	$0	$0	$0
MARK W MIDKIFF	TREASURER	2.00	Director	$0	$0	$0
MARK WHIPPLE	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
MARY KAPFERER	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL NASSY	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
MICHELA VERNON	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
MONIA BOWE	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SASSIENI	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
PHILIPPA X GIRLING	VICE CHAIR	2.00	Director	$0	$0	$0
SETH WALLER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE BONTEMPS	DIRECTOR	2.00	Director	$0	$0	$0
TJ HAYNES-MORGAN	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
EDWARD DEMARCO	CORPORATE SECRETARY, CAO	40.00	Officer	$623,516	$107,478	$730,994
FOSTER NANCY	PRESIDENT & CEO	40.00	Officer	$3,112,326	$274,106	$3,386,432
CELINA N ROGER	DIRECTOR	40.00	Officer	$309,946	$9,602	$319,548
BRIAN LONG	CFO	40.00	Officer	$381,587	$40,038	$421,625
FRANCIS GARRITT	DIR. OF SECURITIES LENDING	40.00	Key Emp	$279,596	$91,292	$370,888
KRISTEN KAMINSKI	DIRECTOR	40.00	Key Emp	$252,645	$23,440	$276,085
SANDEEP KHARIDHI	DIRECTOR	40.00	Key Emp	$579,027	$101,925	$680,952
STEVEN J MARTIN	DIRECTOR	40.00	Key Emp	$267,797	$41,369	$309,166
FREDA HO	CONTROLLER	40.00	Highest	$187,858	$42,528	$230,386
MICHAEL DELUCCHI	DIRECTOR OF MEMBER ENGAGEM	40.00	Highest	$237,302	$2,053	$239,355
STACEY E BLISSETT	CIO	40.00	Highest	$244,157	$33,600	$277,757
WILLIAM LOFTUS	RELATIONSHIP MANAGER	40.00	Highest	$201,755	$39,098	$240,853
DAVID GABEL	HCE	40.00	Highest	$192,002	$18,063	$210,065
ANN MARIE ADAMS	PRODUCT MANAGER	40.00	Highest	$180,049	$19,309	$199,358

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
2023	$9,942,725	$10,376,234	No data	$-433,509
2023	$29,308,314	$31,834,387	$43,449,946	$-2,526,073
2022	$22,732,998	$23,947,517	$46,535,369	$-1,214,519
2021	$22,605,623	$22,030,357	$46,962,073	$575,266
2020	$22,291,271	$22,283,321	$38,862,836	$7,950
2019	$25,508,755	$24,673,226	$42,592,963	$835,529
2018	$26,015,689	$24,089,696	$43,645,185	$1,925,993

THE RISK MANAGEMENT ASSOCIATION