MRA-THE MANAGEMENT ASSOCIATION INC

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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

1967

Legal Domicile

Principal Officer

SUSAN FRONK THIEL

Phone

2625239090

Tax Period

2023-01-01 to 2023-12-31

MRA-THE MANAGEMENT ASSOCIATION INC, founded in 1967, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 21% operating margin.

Mission

MRA IS DEDICATED TO EXCEEDING MEMBER EXPECTATIONS AS WE HELP ORGANIZATIONS SOLVE THE CHALLENGES OF A CONSTANTLY CHANGING BUSINESS ENVIRONMENT. WE HELP DEVELOP AN ENGAGED, HIGH PERFORMING WORKFORCE WITH PROGRAMS AND SERVICES FOCUSED ON THE NEEDS OF OUR MEMBERS. HR MEANS BUSINESS AT MRA.

Program Service Accomplishments

Program 1

MRA PROVIDES A VARIETY OF SERVICES TO ITS MEMBERS SUCH AS A 24/7 HOTLINE TO GIVE MEMBERS ACCESS TO KNOWLEDGEABLE HUMAN RESOURCES COUNSELORS; WAGE, SALARY, AND BENEFIT SURVEYS; HUMAN RESOURCE UPDATES FROM LEADERSHIP TRENDS TO EMPLOYMENT LAW; ONLINE TOOLS AND TEMPLATES;DISCOUNTS ON TRAINING PROGRAMS; AND REDUCED PRICING ON SEVERAL PARTNERS PROGRAMS. DURING 2023, MRA HAD APPROXIMATELY 3,700 MEMBERS.

Program 2

MRA ALSO PROVIDES REFERENCE CHECKING AND BACKGROUND INVESTIGATIONS, ORGANIZATIONAL DEVELOPMENT, AFFIRMATIVE ACTION, OUTPLACEMENT SERVICES, ASSESSMENTS, AND SURVEYS.

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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 $1,201,686

Program Service Revenue $10,157,973

Investment Income $227,709

Other Revenue $327,853

TOTAL REVENUE $11,915,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,893,049

Fundraising Expenses $0

Other Expenses $2,486,989

TOTAL EXPENSES $9,380,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,915,221	$9,348,681	+0.3%
Expenses	$9,380,038	$8,200,385	+0.1%
Net Income	$2,535,183	$1,148,296	+1.2%

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

Governance

Voting Members

Independent Members

Employees

274

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

$617,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA MANIVASAGER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DIRK MAROSKE	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JANET SCHULZ	TREASURER (BEG 5/2023)	1.00	Officer Director	$0	$0	$0
NEAL GLAESER	TREASURER (THRU 4/2023)	1.00	Officer Director	$0	$0	$0
FRED ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PETE HERB	DIRECTOR	1.00	Director	$0	$0	$0
BILL SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
JIM BANOVICH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BURNS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DITTER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HAGEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA MATHER	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE MOON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN OLESEN	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL SMENT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
JOE GUERRIERO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SPECHT-PALMERT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LARSON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WAITE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ROLSTON	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
SUSAN FRONK THIEL	PRESIDENT AND CEO	25.00	Officer	$467,924	$38,422	$506,346
WILLIAM BUDZIEN	VP, CHIEF FINANCIAL OFFICER	40.00	Officer	$102,229	$8,843	$111,072
KATY ARCHER	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$178,871	$17,756	$196,627
HILARY HAUSER	VP, HR CONSULTING SERVICES	40.00	Highest	$173,320	$10,064	$183,384
JAMES MCDEVITT	VP OF HUMAN RESOURCES	40.00	Highest	$171,998	$9,345	$181,343
MICHAEL DENISOFF	PRESIDENT AND CEO OF ERA	40.00	Highest	$164,972	$1,703	$166,675
KATIE WALKER	VP, LEARNING & DEVELOPMENT	2.00	Highest	$156,978	$7,933	$164,911

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	$11,915,221	$9,380,038	$18,385,030	$2,535,183
2022	$9,348,681	$8,200,385	$17,283,580	$1,148,296
2021	$10,314,261	$9,243,823	$15,359,430	$1,070,438
2020	$9,894,921	$8,465,058	$16,053,382	$1,429,863
2019	$10,249,937	$9,285,958	$14,741,556	$963,979
2018	$9,958,840	$9,235,069	$13,831,283	$723,771