Risk Management Foundation

EIN: 363579508 501(c)(3) Health Care

Evanston, IL

Total Revenue
$6,030,339
Total Expenses
$5,039,739
Total Assets
$25,494,795
Net Assets
$22,250,576
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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
1988
Legal Domicile
IL
Phone
8478693658
Tax Period
2023-08-01 to 2024-07-31

Risk Management Foundation, founded in 1988, is a community nonprofit in the Health Care sector that reported $6.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $991K, a strong 16% operating margin.

Mission

Risk Management Foundation (RMF) is a not-for-profit 501(c)(3) educational foundation established to educate chapters and house corporations of Sigma Chi Fraternity about risk management and provide aid in times of loss.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,721,781
Investment Income $1,172,004
Other Revenue $136,554
TOTAL REVENUE $6,030,339

Expense Breakdown

Grants Paid $775,000
Salaries & Benefits $468,584
Fundraising Expenses $0
Program Expenses $4,869,775
Other Expenses $1,997,021
TOTAL EXPENSES $5,039,739

Year-over-Year Comparison

2023 2022 Change
Revenue $6,030,339 $5,094,662 +0.2%
Expenses $5,039,739 $5,215,815 0.0%
Net Income $990,600 $-121,153 -9.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
10

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
5
$138,159
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Santoli Board Member / Chairman 10.0
Officer Director
$0 $0 $0
Edward Pitt Board Member / Treasurer 10.0
Officer Director
$0 $0 $0
Keith Dobrolinsky Board Member / Vice Chairman 10.0
Officer Director
$0 $0 $0
Nathan A Neal Esq Board Member / Secretary 7.0
Officer Director
$0 $0 $0
Andrew Williams Board Member 5.0
Director
$0 $0 $0
John Yeo Board Member 5.0
Director
$0 $0 $0
Stephen O Davidson Executive Director 25.0
Officer
$121,559 $16,600 $138,159
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 $6,030,339 $5,039,739 $25,494,795 $990,600
2023 $5,094,662 $5,215,815 $22,083,939 $-121,153
2022 $5,409,546 $2,760,784 $20,799,013 $2,648,762
2021 $4,889,541 $3,317,139 $23,021,124 $1,572,402
2020 $5,008,367 $4,105,595 $19,285,120 $902,772
2019 $5,604,104 $4,148,787 $17,570,217 $1,455,317
2018 $4,894,937 $3,003,056 $16,402,963 $1,891,881
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