UNIVERSITY RISK MANAGEMENT AND INSURANCE ASSOCIATION

EIN: 237240485 Community Improvement

BLOOMINGTON, IN

Total Revenue
$2,645,796
Total Expenses
$2,522,470
Total Assets
$4,510,348
Net Assets
$3,685,875
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IN
Principal Officer
CRAIG MCALLISTER
Phone
8127277130
Tax Period
2024-01-01 to 2024-12-31

UNIVERSITY RISK MANAGEMENT AND INSURANCE ASSOCIATION, founded in 1974, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 5% surplus.

Mission

TO ADVANCE THE DISCIPLINE OF RISK MANAGEMENT IN HIGHER EDUCATION.

Program Service Accomplishments

Program 1

ANNUAL CONFERENCE: URMIA HELD ITS 55TH ANNUAL CONFERENCE IN NEW ORLEANS, LOUISIANA. THE URMIA ANNUAL CONFERENCE IS THE INDUSTRY'S PREMIER FACE-TO-FACE AND VIRTUAL EDUCATIONAL AND NETWORKING FORUM FOR...

Read more

ANNUAL CONFERENCE: URMIA HELD ITS 55TH ANNUAL CONFERENCE IN NEW ORLEANS, LOUISIANA. THE URMIA ANNUAL CONFERENCE IS THE INDUSTRY'S PREMIER FACE-TO-FACE AND VIRTUAL EDUCATIONAL AND NETWORKING FORUM FOR RISK MANAGERS AND COMPANIES WHOSE FOCUS IS HIGHER EDUCATION. IT PROVIDES HIGHER EDUCATION RISK MANAGEMENT AND INSURANCE PROFESSIONALS WITH A VARIETY OF JOB SPECIFIC BENEFITS AND A HIGH RETURN ON INVESTMENT. THE GENERAL SESSIONS INCLUDED HEARING FROM A HACKER, INVENTOR, AND TECHNOLOGY FUTURIST,; AN HR SPECIALIST,; AN INDUSTRY EXPERT ON RESILIENCE; AND A "UNIVERSITY LEADERSHIP PANEL". THE CONFERENCE FEATURED OVER 50 BREAKOUT SESSIONS, A ROBUST PRECONFERENCE LINEUP INCLUDING A FOUNDATIONS SESSION TARGETED TO ATTENDEES WHO ARE NEWER TO HIGHER EDUCATION RISK MANAGEMENT, A YOUTH PROTECTION PROGRAM, AND A REVIEW SESSION FOR THE ARM 401 CREDENTIAL.SOCIAL EVENTS INCLUDED THE PRESIDENTS RECEPTION TO WELCOME NEW ATTENDEES, TOURS, GOLF OUTING, AND MANY OTHER COMMUNITY SERVICE OPPORTUNITIES THROUGH URMIACARES. OUR OPENING AND OUR CLOSING EVENTS WERE HELD IN LOCAL VENUES NEAR OUR HOST HOTEL. THE CONFERENCE HAD A TOTAL OF 1121 ATTENDEES INCLUDING A MAJORITY OF INSTITUTIONAL MEMBERS AND NONMEMBERS, AFFILIATE MEMBERS AND NONMEMBERS, STUDENTS AND GUESTS.

Program 2

REGIONAL/OTHER EDUCATION: URMIA CONTINUED TO OFFER INPERSON REGIONALLY BASED CONFERENCES IN THE SPRING OF 2024. LOCATIONS INCLUDED LOUISVILLE, PROVIDENCE, AND TORONTO. COMBINED WE EDUCATED 214...

Read more

REGIONAL/OTHER EDUCATION: URMIA CONTINUED TO OFFER INPERSON REGIONALLY BASED CONFERENCES IN THE SPRING OF 2024. LOCATIONS INCLUDED LOUISVILLE, PROVIDENCE, AND TORONTO. COMBINED WE EDUCATED 214 PERSONS AT THESE EVENTS. THESE ONE AND TWO DAY CONFERENCES PROVIDE TARGETED EDUCATIONAL SESSIONS AS WELL AS PROFESSIONAL NETWORKING OPPORTUNITIES CLOSER TO HOME. WE ALSO CONTINUED TO OFFER MANY VIRTUAL PROGRAMS. WE PARTNERED WITH THE UNIVERSITY OF TEXAS ON THEIR PROGRAM WHICH YIELED 651 PARTICIPANTS, 42 OF WHICH INDICATED THEY WERE URMIA MEMBERS. OUR WEBINARS IN 2024 INCLUDED OUR BEST OF ANNUAL CONFERENCE WEBINAR SERIES THAT CONTINUES TO BE POPULAR. ALSO, OUR REGULARLY SCHEDULED COMPLIANCE COMMUNITY MEETINGS AS WELL AS OUR ERM ROUNDTABLE MEETINGS KEEP MANY MEMBERS ENGAGED AND FOCUSED. NEW MEETINGS FOR THE PROFESSIONALS OF COLOR COMMUNITY, WATER COOLER DISCUSSIONS AND URMIA COLLEAGUE CONNECTIONS FOR MEMBER ORIENTATION FURTHER ENSURE MEMBERS ARE CONNECTED TO EACH OTHER. IN TOTAL, WE HAVE HAD OVER 3,500 LOG INTO LIVE TO THESE PROGRAMS. WE ALSO CONTINUE OUR PODCAST URMIA MATTERS SEASON 4, WE'VE ADDED SELF-PRODUCED,ZERO ADDITIONAL COST, DYNAMIC CONTENT AROUND OUR MAIN EPISODES AS PROMOTION FOR CONFERENCES. WE'VE HAD A TOTAL OF 15,962 LISTENS OF 120 TOTAL EPISODES. TIPS TO EASE THE PROPERTY RENEWAL PROCESS HAS BECOME THE NUMBER ONE RM TOPIC PODCAST WITH 281 LISTENS. NEAR THE TOP IS STILL SEASON 1, EP 19: COMPLIANCE RISK (238 LISTENS), AND SEASON 1, EP 28: TITLE IX REVIEW WITH 238 LISTENS.

Program 3

TO PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION BETWEEN COLLEGE AND UNIVERSITY RISK MANAGERS TO ENCOURAGE THE USE OF COMMON CONCEPTS AND PRACTICES IN THE ORGANIZATION AND IMPLEMENTATION OF A RISK...

Read more

TO PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION BETWEEN COLLEGE AND UNIVERSITY RISK MANAGERS TO ENCOURAGE THE USE OF COMMON CONCEPTS AND PRACTICES IN THE ORGANIZATION AND IMPLEMENTATION OF A RISK MANAGEMENT PROGRAM TO PROVIDE OPPORTUNITIES FOR FAMILIARIZING COLLEGE AND UNIVERSITY RISK AND INSURANCE MANAGERS WITH CURRENT DEVELOPMENTS IN RELATED INDUSTRIES TO DEVELOP AND MAINTAIN INTEREST ON A NATIONWIDE BASIS IN CONTINUOUS IMPROVEMENT OF THE PRINCIPLES AND PRACTICES OF RISK MANAGEMENT, INSURANCE AND CORPORATE LOSS CONTROL IN HIGHER EDUCATION, AND TO FOSTER AND MAINTAIN THE PURSUIT OF THESE FUNCTIONS AS A PROFESSION WITH PROFESSIONAL IDEALS AND STANDARDS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,295,777
Investment Income $284,036
Other Revenue $65,983
TOTAL REVENUE $2,645,796

Expense Breakdown

Grants Paid $31,920
Salaries & Benefits $806,055
Fundraising Expenses $0
Other Expenses $1,684,495
TOTAL EXPENSES $2,522,470

Year-over-Year Comparison

2024 2023 Change
Revenue $2,645,796 $2,386,068 +0.1%
Expenses $2,522,470 $2,174,436 +0.2%
Net Income $123,326 $211,632 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
13
Volunteers
750

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
7
$155,866
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA FRANKLIN DIRECTOR 2.00
Director
$0 $0 $0
ELLIOT YOUNG DIRECTOR 2.00
Director
$0 $0 $0
JUAN M AZCARATE III DIRECTOR 2.00
Director
$0 $0 $0
MATT TUTTLE DIRECTOR 2.00
Director
$0 $0 $0
NAKESCHI WATKINS DIRECTOR 2.00
Director
$0 $0 $0
PAMELA KERNEY DIRECTOR 2.00
Director
$0 $0 $0
RACHEL PLUVIOSE DIRECTOR 2.00
Director
$0 $0 $0
SUSIE JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
TRISTAN TAFOLLA DIRECTOR 2.00
Director
$0 $0 $0
FRANK CELLA AFFILIATE MEMBER 2.00
Director
$0 $0 $0
SANDY MITCHELL PRESIDENT 10.00
Officer Director
$0 $0 $0
KEESHA TRIM PARLIAMENTARIAN 2.00
Officer Director
$0 $0 $0
FLO HOSKINSON SECRETARY 2.00
Officer Director
$0 $0 $0
JAMES R MULHOLLAND TREASURER 5.00
Officer Director
$0 $0 $0
CRAIG MCALLISTER PAST PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $0 $0
MIGUEL O DELGADO PRESIDENT-ELECT 5.00
Officer Director
$0 $0 $0
MICHELLE SMITH EXECUTIVE DIRECTOR 40.00
Officer
$141,250 $14,616 $155,866
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 $2,645,796 $2,522,470 $4,510,348 $123,326
2023 $2,386,068 $2,174,436 $4,127,221 $211,632
2022 $1,983,190 $1,759,435 $3,731,941 $223,755
2021 $1,321,658 $1,204,656 $3,731,889 $117,002
2020 $1,005,815 $903,943 $3,160,036 $101,872
2019 $1,911,977 $1,688,675 $2,919,081 $223,302
2018 $1,656,396 $1,500,516 $2,354,625 $155,880
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare UNIVERSITY RISK MANAGEMENT AND INSURANCE ASSOCIATION with other nonprofits in Indiana and across the country.