SCHAUMBURG, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PRIVATE RISK MANAGEMENT ASSOCIATION is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $308K, a strong 15% operating margin.
THE MISSION OF PRMA IS TO IMPROVE ADVICE, COVERAGE AND SERVICE PROVIDED TO THE HIGH NET WORTH INSURANCE CONSUMER THROUGH EDUCATION AND INCREASED AWARENESS.
THE ASSOCIATION OFFERS AN ANNUAL SUMMIT, A TWODAY EDUCATIONAL CONFERENCE, TO MEMBERS AND NONMEMBERS. THE SUMMIT PROVIDES ACCESS TO SUBJECT MATTER EXPERTS IN THE HIGHNETWORTH PERSONAL RISK MANAGEMENT...
THE ASSOCIATION OFFERS AN ANNUAL SUMMIT, A TWODAY EDUCATIONAL CONFERENCE, TO MEMBERS AND NONMEMBERS. THE SUMMIT PROVIDES ACCESS TO SUBJECT MATTER EXPERTS IN THE HIGHNETWORTH PERSONAL RISK MANAGEMENT NICHE IN GENERAL, BREAKOUT AND ROUNDTABLE SESSIONS. OCTOBER 2024 MARKED THE 12TH ANNUAL SUMMIT. SUMMIT ATTENDANCE HAS CONTINUED TO INCREASE YEAR OVER YEAR.
SETUP AND MAINTENANCE OF THE ORGANIZATIONS WEBSITE. PROMOTION AND MANAGEMENT OF NEW AND RENEWAL MEMBERSHIPS. DEVELOPMENT AND EXECUTION OF EDUCATIONAL AND INFORMATION RESOURCES TO MEMBERS. CURRENT...
SETUP AND MAINTENANCE OF THE ORGANIZATIONS WEBSITE. PROMOTION AND MANAGEMENT OF NEW AND RENEWAL MEMBERSHIPS. DEVELOPMENT AND EXECUTION OF EDUCATIONAL AND INFORMATION RESOURCES TO MEMBERS. CURRENT OFFERINGS INCLUDE THE PRMA KNOWLEDGE BASE WHICH CONSISTS OF INSIGHTS WEBINARS, BEST PRACTICES LIBRARY, AND INSIGHT SURVEYS EACH PROVIDING MEMBERS WITH VALUABLE EDUCATION INFORMATION RELEVANT TO THEIR DAYTODAY ACTIVITIES. MEMBERS GET ACCESS TO "COLLABORATE" THE ONLINE MEMBER ONLY COMMUNITY WHERE MEMBERS SHARE INFORMATION AND SEEK HELP FROM PEERS AS WELL AS ENROLLMENT INTO GEOGRAPHIC CHAPTERS ALLOWING MEMBERS TO GAIN ACCESS TO EXPERTS IN THEIR AREA.
PRMA ACADEMY OFFERS SEVERAL EDUCATIONAL OPPORTUNITIES FOR MEMBERS. THE CHARTERED PRIVATE RISK AND INSURANCE ADVISOR (CPRIA) CERTIFICATE IS AN ONLINE CERTIFICATION PROGRAM SPECIFICALLY DEVELOPED FOR...
PRMA ACADEMY OFFERS SEVERAL EDUCATIONAL OPPORTUNITIES FOR MEMBERS. THE CHARTERED PRIVATE RISK AND INSURANCE ADVISOR (CPRIA) CERTIFICATE IS AN ONLINE CERTIFICATION PROGRAM SPECIFICALLY DEVELOPED FOR PROFESSIONALS IN PRIVATE RISK MANAGEMENT, CPRIA AIMS TO BROADEN KNOWLEDGE AND ENABLE PARTICIPANTS TO BETTER ADVISE CLIENTS AND PROVIDE THEM WITH SPECIALIZED SOLUTIONS TO COMPLEX INDUSTRY ISSUES. THE CERTIFICATION PROGRAM WAS LAUNCHED IN MAY OF 2015 AND CURRENTLY HAS OVER 400 PARTICIPANTS AND OVER 1200 GRADUATES. THE ADVANCED CHARTERED PRIVATE RISK AND INSURANCE ADVISOR (ACPRIA) CERTIFICATION WAS LAUNCHED IN NOVEMBER OF 2018. EACH TWOYEAR PROGRAM PROVIDES AN OPPORTUNITY TO FURTHER PARTICIPANTS KNOWLEDGE AND RAISE THEIR PROFESSIONAL PROFILE. IN ADDITION TO THE CERTIFICATION COURSES THE ACADEMY OFFERS TWO ONDEMAND COURSES ON SPECIFIC TOPICS RELEVANT TO PRIVATE RISK MANAGEMENT PROFESSIONALS. THE INTRODUCTION TO FAMILY OFFICE RISK MANAGEMENT WAS LAUNCHED IN JUNE OF 2019 AND HAS OVER 180 GRADUATES. THE ELEMENTS OF INSURING TO VALUE WAS LAUNCHED IN 2021.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,042,094 | $1,610,868 | +0.3% |
| Expenses | $1,733,680 | $1,424,157 | +0.2% |
| Net Income | $308,414 | $186,711 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DIANE DELANEY | Executive Dir. | 40.00 |
Officer
|
$208,317 | $8,333 | $216,650 |
| BRYANT KOLLE | Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM GATEWOOD | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DESPINA BIUGANSKI | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAX GILMAN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| KAYE GITIBIN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JERRY HOURIHAN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES KANE | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLEE CONNELL | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HAIBI | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SPENCER HOULDIN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT COURTEMANCHE | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY PARSONS | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON OTT | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| CELIA SANTANA | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA BOLDING | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| WILL VAN DEN HEUVEL | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN MADDEN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| DEON HORNSBY | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SHIRLEY GORDON | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN TIERNEY | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,042,094 | $1,733,680 | $1,295,190 | $308,414 |
| 2023 | $1,610,868 | $1,424,157 | $1,011,913 | $186,711 |
| 2022 | $1,246,726 | $1,148,517 | $731,024 | $98,209 |
| 2021 | $1,050,212 | $886,371 | $722,582 | $163,841 |
| 2020 | $835,651 | $691,340 | $584,851 | $144,311 |
| 2019 | $913,708 | $835,744 | $357,327 | $77,964 |
| 2018 | $832,456 | $836,996 | $304,046 | $-4,540 |
Compare PRIVATE RISK MANAGEMENT ASSOCIATION with other nonprofits in Illinois and across the country.