Public Risk Management Association

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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

1981

Legal Domicile

Principal Officer

Jennifer Ackerman

Phone

7035287701

Tax Period

2025-01-01 to 2025-12-31

Public Risk Management Association, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2025.

Mission

To promote effective risk management in the public interest as an essential component of public administration.

Program Service Accomplishments

Program 1

Expenses: $1,177,970 Revenue: $1,160,910

Annual Conference - An annual event for members with educational sessions on various public risk management topics.

Program 2

Expenses: $391,694 Revenue: $205,827

Education and Training - Training consists of webinars, online tutorials, periodic seminars and the PRIMA institute.

Program 3

Expenses: $120,093 Revenue: $525,477

Member Services - Provides on-line risk management information service, maintains membership records, conducts annual awards program, assists with presentation of annual conference.

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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 (2025)

Revenue Breakdown

Contributions & Grants $212,445

Program Service Revenue $1,898,991

Investment Income $43,001

Other Revenue $69,909

TOTAL REVENUE $2,224,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $624,411

Fundraising Expenses $0

Program Expenses $1,902,648

Other Expenses $1,535,197

TOTAL EXPENSES $2,159,608

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,224,346	$2,206,681	+0.0%
Expenses	$2,159,608	$2,229,404	0.0%
Net Income	$64,738	$-22,723	-3.8%

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

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

$241,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve LePock II	President	5.50	Officer Director	$0	$0	$0
Adam Maxwell	Past President	3.00	Officer Director	$0	$0	$0
Jennifer Hood	President Elect	3.00	Officer Director	$0	$0	$0
Joe Costamagna	Director	3.00	Director	$0	$0	$0
Chester Darden	Director	3.00	Director	$0	$0	$0
Michelle Jordan	Director	3.00	Director	$0	$0	$0
Cathie Chancellor	Director	3.00	Director	$0	$0	$0
Robert Warren	Director	3.00	Director	$0	$0	$0
Jamee Higgins	Director	3.00	Director	$0	$0	$0
Jennifer Ackerman	Chief Executive Officer	37.50	Officer	$219,605	$21,960	$241,565
Shaunda Ragland	Sr. Director of Education & Training	37.50	Highest	$124,786	$12,479	$137,265

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	$2,224,346	$2,159,608	$1,856,450	$64,738
2024	$2,206,681	$2,229,404	$1,776,553	$-22,723
2023	$1,859,054	$2,034,248	$1,913,161	$-175,194
2022	$1,968,595	$1,774,161	$2,048,713	$194,434
2021	$1,199,439	$1,141,796	$1,569,157	$57,643
2020	$1,185,604	$1,115,112	$1,422,025	$70,492
2019	$1,911,023	$1,972,912	$1,404,872	$-61,889
2018	$1,938,297	$2,005,624	$1,438,224	$-67,327