ASSOCIATION OF RECORDS MANAGERS AN… - 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

1982

Legal Domicile

Principal Officer

NATHAN HUGHES

Phone

9132573855

Tax Period

2023-07-01 to 2024-06-30

ASSOCIATION OF RECORDS MANAGERS AND ADMINISTRATORS, founded in 1982, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

ARMA INTERNATIONAL IS COMMITTED TO PROVIDING OUR COMMUNITY OF MEMBERS AND INFORMATION MANAGEMENT PROFESSIONALS WITH INDUSTRY BEST PRACTICES AND OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, ONGOING EDUCATION, AND NETWORKING.

Program Service Accomplishments

Program 1

OUR ANNUAL CONFERENCE, INFOCON, BRINGS TOGETHER MEMBERS TO DISCUSS PERTINENT TOPICS AND TO FURTHER EDUCATE THEM ABOUT INFORMATION GOVERNANCE. OUR PUBLICATIONS, INCLUDING THE INFORMATION MANAGEMENT...

OUR ANNUAL CONFERENCE, INFOCON, BRINGS TOGETHER MEMBERS TO DISCUSS PERTINENT TOPICS AND TO FURTHER EDUCATE THEM ABOUT INFORMATION GOVERNANCE. OUR PUBLICATIONS, INCLUDING THE INFORMATION MANAGEMENT MAGAZINE, PROVIDES ADDITIONAL INFORMATION AND EDUCATION ABOUT INFORMATION GOVERNANCE. WE OFFER CORRESPONDENCE COURSES TO EDUCATE MEMBERS IN INFORMATION GOVERNANCE AND HELP THEM TO ATTAIN CERTIFICATION AS A CERTIFIED RECORDS MANAGER. SEMINARS AND MEETINGS STIMULATE INTEREST AND OFFER ADDITIONAL EDUCATION IN THE FIELD OF INFORMATION GOVERNANCE.

Program 2

OUR INFORMATION MANAGEMENT MAGAZINE PROVIDES ADDITIONAL INFORMATION AND EDUCATION ABOUT INFORMATION GOVERNANCE. OTHER ITEMS SOLD ALSO OFFER SUCH INFORMATION.

Program 3

WE OFFER CORRESPONDENCE COURSES TO EDUCATE MEMBERS IN INFORMATION GOVERNANCE AND HELP THEM TO ATTAIN CERTIFICATION AS A CERTIFIED RECORDS MANAGER.

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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 $3,686,575

Investment Income $22

Other Revenue $49,686

TOTAL REVENUE $3,736,283

Expense Breakdown

Grants Paid $170

Salaries & Benefits $1,408,566

Fundraising Expenses $0

Other Expenses $2,950,800

TOTAL EXPENSES $4,359,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,736,283	$2,889,312	+0.3%
Expenses	$4,359,536	$3,983,057	+0.1%
Net Income	$-623,253	$-1,093,745	-0.4%

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

$206,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET HERMESMEYER	CHAIR	3.00	Officer Director	$0	$0	$0
JIM MERRIFIELD	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MICHAEL LANDAU	TREASURER	3.00	Officer Director	$0	$0	$0
WENDY MCLAIN	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
JACQUELINE BIGELOW	DIRECTOR	1.00	Director	$0	$0	$0
CINDY CHMURA	DIRECTOR	1.00	Director	$0	$0	$0
MELONIE JONES	DIRECTOR	1.00	Director	$0	$0	$0
ELLIE KIM	DIRECTOR	1.00	Director	$0	$0	$0
RJ MAURO	DIRECTOR	1.00	Director	$0	$0	$0
NEAL SCHUBERT	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN HUGHES	CEO	40.00	Officer	$205,630	$947	$206,577
JENNIFER MILLET	VP OF EVENT STRATEGY & PARTNERSHIPS	40.00	Highest	$128,497	$20,315	$148,812
PATRICIA ANN SMITH	COO	40.00	Highest	$122,616	$14,838	$137,454

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
2025	No data	No data	No data	No data
2024	$3,736,283	$4,359,536	$1,078,698	$-623,253
2023	$2,889,312	$3,983,057	$897,307	$-1,093,745
2022	$2,127,509	$2,018,172	$1,166,017	$109,337
2021	$1,993,906	$1,795,050	$1,165,887	$198,856
2020	$3,264,615	$2,463,445	$1,057,391	$801,170
2019	$2,925,601	$3,241,772	$847,661	$-316,171
2018	$3,371,705	$3,658,004	$1,143,558	$-286,299

ASSOCIATION OF RECORDS MANAGERS AND ADMINISTRATORS