BROKERS & REINSURANCE MARKETS INC … - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

FRANK HAND

Phone

8477203666

Tax Period

2023-01-01 to 2023-12-31

BROKERS & REINSURANCE MARKETS INC ASSOCIATION, founded in 1986, is a small nonprofit that reported $438K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

BRMA'S MISSION IS TO EDUCATE, INFORM AND INSPIRE PEOPLE WORKING IN DISCIPLINES RELATED TO BUSINESS CONTINUITY, ORGANIZATIONAL RESILIENCY, AND RISK.

Program Service Accomplishments

Program 1

THE ASSOCIATION SERVES THE REINSURANCE BROKER CHANNEL. THE PRIMARY OBJECTIVE OF THE ASSOCIATION IS TO IMPROVE THE EFFECTIVENESS OF THE REINSURANCE BROKER CHANNEL IN TERMS OF ITS ABILITY TO SERVICE...

THE ASSOCIATION SERVES THE REINSURANCE BROKER CHANNEL. THE PRIMARY OBJECTIVE OF THE ASSOCIATION IS TO IMPROVE THE EFFECTIVENESS OF THE REINSURANCE BROKER CHANNEL IN TERMS OF ITS ABILITY TO SERVICE ITS CLIENTS AND ITS COMPETITIVENESS IN THE OVERALL MARKETPLACE. THE PRESENT OBJECTIVES AND GOALS OF THE ASSOCIATION ARE TO 1) MONITOR AND REFINE, THROUGH THE USE OF COMMITTEES, FREE CHOICE INDUSTRY-WIDE GUIDELINES; 2) PRODUCE TIMELY AND TOPICAL "WHITE PAPERS" THAT HAVE A COMMON INTEREST TO THE REINSURANCE INDUSTRY; 3) IDENTIFY TOPICAL ISSUES, AND PROVIDE A FORUM FOR DISCUSSION; AND 4) TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS THROUGH THE USE OF CONTEMPORARY SPEAKERS.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $375,000

Program Service Revenue $47,100

Investment Income $16,005

Other Revenue $0

TOTAL REVENUE $438,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $464,237

TOTAL EXPENSES $464,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$438,105	$489,572	-0.1%
Expenses	$464,237	$376,757	+0.2%
Net Income	$-26,132	$112,815	-1.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK HAND	CHAIR	2.00	Officer Director	$0	$0	$0
STEVEN HANKE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ALANE CAREY	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
JON COLELLO	PAST CHAIR	1.00	Officer Director	$0	$0	$0
TOD COSTIKYAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM DRISCOLL	DIRECTOR	1.00	Director	$0	$0	$0
KERRI HAMM	DIRECTOR	1.00	Director	$0	$0	$0
SIMMON HEDLEY	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER VAN DIJK	DIRECTOR	1.00	Director	$0	$0	$0

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	$438,105	$464,237	$1,085,086	$-26,132
2022	$489,572	$376,757	$820,496	$112,815
2021	$408,141	$258,484	$757,389	$149,657
2020	$460,728	$339,859	$664,189	$120,869
2019	$436,957	$494,139	$625,299	$-57,182
2018	$445,204	$505,878	$692,514	$-60,674

BROKERS & REINSURANCE MARKETS INC ASSOCIATION