Nonprofit Risk Management Center

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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

1992

Legal Domicile

Principal Officer

Melanie Lockwood Herman

Phone

7037773504

Tax Period

2023-01-01 to 2023-12-31

Nonprofit Risk Management Center, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $968K left a modest 6% surplus.

Mission

NRMC's mission is to inspire effective risk management and risk champions across the nonprofit sector. NRMC provides educational resources, member support, training, web applications and consulting services covering a wide span of risk issues.

Program Service Accomplishments

Program 1

Expenses: $398,103 Revenue: $664,501

Consulting Services - NRMC is a trusted advisor to large and complex nonprofit organizations, associations, federations and umbrella groups. NRMC's consulting function empowers leadership teams to...

Consulting Services - NRMC is a trusted advisor to large and complex nonprofit organizations, associations, federations and umbrella groups. NRMC's consulting function empowers leadership teams to strengthen their risk management capabilities. Examples of consulting engagements include risk assessments, insurance coverage reviews, the design and implementation of Enterprise Risk Management frameworks, governance assessments, youth protection program development, and the design and delivery of custom training programs and materials. NRMC also develops risk-themed web portals for use by nonprofit leaders, as well as custom versions of web applications for the members, affiliates, chapters and customers of large organizations.

Program 2

Expenses: $220,479 Revenue: $150,087

Educational Resources - This program includes the free and affordable educational services and resources developed and delivered by NRMC to thousands of mission-driven nonprofit organizations...

Educational Resources - This program includes the free and affordable educational services and resources developed and delivered by NRMC to thousands of mission-driven nonprofit organizations. Educational Resources are provided to Affiliate Members and the wider nonprofit sector. NRMC's Educational Resources include: nonprofitrisk.org, risk-resources.org, affiliate member resources, RLCP, ERLCP, interactive web applications, articles, factsheets, infographics, tutorials, the RISK eNews, Risk Management Essentials, webinars and books.

Program 3

Expenses: $157,000 Revenue: $81,426

Conferences - NRMC hosts an annual Risk Summit for risk, legal and financial professionals from the nonprofit and insurance sectors.

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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 $94,480

Program Service Revenue $890,589

Investment Income $28,721

Other Revenue $13,375

TOTAL REVENUE $1,027,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,041

Fundraising Expenses $0

Program Expenses $775,582

Other Expenses $334,824

TOTAL EXPENSES $967,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,027,165	$1,089,632	-0.1%
Expenses	$967,865	$925,653	+0.0%
Net Income	$59,300	$163,979	-0.6%

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

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

$325,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Vaughan	President	1.00	Officer Director	$0	$0	$0
Joseph Budzynski	Treasurer	1.00	Officer Director	$0	$0	$0
David Kyllo	Secretary	1.00	Officer Director	$0	$0	$0
Heather Chadwick	Director	1.00	Director	$0	$0	$0
Paul Doman	Director	1.00	Director	$0	$0	$0
Lisa Prinz	Director	1.00	Director	$0	$0	$0
Michael Schraer	Director	1.00	Director	$0	$0	$0
Donna McPartland	Director	1.00	Director	$0	$0	$0
John Connelly III	Director	1.00	Director	$0	$0	$0
Melanie Lockwood Herman	Executive Director	40.00	Officer	$292,163	$33,655	$325,818

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	$1,027,165	$967,865	$1,527,867	$59,300
2022	$1,089,632	$925,653	$1,505,288	$163,979
2021	$990,570	$777,318	$936,458	$213,252
2020	$1,014,243	$777,010	$783,155	$237,233
2019	$879,641	$798,997	$508,202	$80,644
2018	$927,294	$773,337	$383,607	$153,957