Risk Management Associates (RMA) (EIN 521829341) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1914

Legal Domicile

Phone

7574036270

Tax Period

2024-09-01 to 2025-08-31

RISK MANAGEMENT ASSOCIATES (RMA) C/O CURT V SOLOMON, founded in 1914, is a micro nonprofit that reported $59K in total revenue in fiscal year 2019. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $57K left a modest 5% surplus.

Mission

The Organization is a member-driven professional association whose purpose is to advance sound risk management principles in the financial services industry. RMA uses sound risk management principles to improve institutional performance and financial results.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $900

Program Service Revenue $103,132

Investment Income $5,938

Other Revenue $1,231

TOTAL REVENUE $111,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,148

Other Expenses $98,422

TOTAL EXPENSES $98,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,201	$119,511	-0.1%
Expenses	$98,422	$126,360	-0.2%
Net Income	$12,779	$-6,849	-2.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lemuel Whitsett	President	1.00	Officer Director	$0	$0	$0
Curt Solomon	Advisory Board Chair	1.00	Officer Director	$0	$0	$0
Beth Watson	Immediate Past President	1.00	Officer Director	$0	$0	$0
Melissa Burroughs	Treasurer	1.00	Officer Director	$0	$0	$0
Bradley Hines	Secretary	1.00	Officer Director	$0	$0	$0
Kim Briggs	Vice President	1.00	Officer	$0	$0	$0

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	$111,201	$98,422	$294,121	$12,779
2024	$119,511	$126,360	$292,990	$-6,849
2023	$116,043	$120,997	$299,839	$-4,954
2022	$69,558	$99,911	$304,793	$-30,353
2021	$5,656	$11,772	$326,665	$-6,116
2021	$32,064	$29,699	$335,146	$2,365
2020	$59,224	$56,527	$332,781	$2,697

Risk Management Associates (RMA)