RISK MANAGEMENT FOUNDATION

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

EVANSTON, IL

Total Revenue
$7,036,766
Total Expenses
$5,220,900
Total Assets
$29,200,523
Net Assets
$25,180,206
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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
Principal Officer
STEPHEN DAVIDSON
Phone
8478693658
Tax Period
2024-08-01 to 2025-07-31

RISK MANAGEMENT FOUNDATION, founded in 1988, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 26% 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.

Program Service Accomplishments

Program 1
Expenses: $5,041,286 Revenue: $5,641,096

RMF PROVIDES EXTENSIVE EDUCATIONAL PROGRAMMING AND MATERIALS ABOUT RISK MANAGEMENT TO ITS MEMBERSHIP AND OTHER INTERESTED PARTIES. RISKWATCH EDUCATIONAL INITIATIVES INCLUDE AN E-NEWSLETTER...

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RMF PROVIDES EXTENSIVE EDUCATIONAL PROGRAMMING AND MATERIALS ABOUT RISK MANAGEMENT TO ITS MEMBERSHIP AND OTHER INTERESTED PARTIES. RISKWATCH EDUCATIONAL INITIATIVES INCLUDE AN E-NEWSLETTER (DISTRIBUTION OF 3000), ELECTRONIC RISK MANAGEMENT ALERTS, LOCAL AND INTERNATIONAL EDUCATIONAL SEMINARS, SCHOLARSHIPS, AND ONE-ON-ONE ASSESSMENT AND REVIEW OF MEMBER RISK MANAGEMENT PLANS AND/OR INITIATIVES. RMF PROVIDES RISK MANAGEMENT EDUCATION AND RELATED SERVICES TO ITS MEMBERS. ANY CHAPTER OF SIGMA CHI FRATERNITY AND ANY HOUSE CORPORATION HOLDINGS TITLE TO OR MANAGING PROPERTY FOR THE BENEFIT OF SIGMA CHI CHAPTER IS ELIGIBLE FOR MEMBERSHIP. TODAY, 97% OF SIGMA CHI'S CHAPTERS ARE SUBSCRIBING MEMBERS OF RMF.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,496,160
Investment Income $1,395,670
Other Revenue $144,936
TOTAL REVENUE $7,036,766

Expense Breakdown

Grants Paid $645,044
Salaries & Benefits $620,026
Fundraising Expenses $0
Program Expenses $5,041,286
Other Expenses $1,950,167
TOTAL EXPENSES $5,220,900

Year-over-Year Comparison

2024 2023 Change
Revenue $7,036,766 $6,030,339 +0.2%
Expenses $5,220,900 $5,039,739 +0.0%
Net Income $1,815,866 $990,600 +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

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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
4
$242,944
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 10.00
Officer Director
$0 $0 $0
KEITH DOBROLINSKY BOARD MEMBER / VICE CHAIRMAN 10.00
Officer Director
$0 $0 $0
EDWARD PITT BOARD MEMBER / TREASURER 10.00
Officer Director
$0 $0 $0
NATHAN A NEAL ESQ BOARD MEMBER 7.00
Director
$0 $0 $0
ANDREW WILLIAMS BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN YEO BOARD MEMBER 5.00
Director
$0 $0 $0
STEPHEN O DAVIDSON EXECUTIVE DIRECTOR / SECRETARY 25.00
Officer
$213,234 $29,710 $242,944
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 $7,036,766 $5,220,900 $29,200,523 $1,815,866
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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