RISK ACCEPTANCE MANAGEMENT CORPORATION (EIN 561619182) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

KELLY LATHAM

Phone

3367476920

Tax Period

2021-07-01 to 2022-01-31

RISK ACCEPTANCE MANAGEMENT CORPORATION, founded in 1988, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. Expenses of $44.4M exceeded revenue, resulting in a 946% operating deficit.

Mission

RISK ACCEPTANCE MANAGEMENT CORPORATION ("RAMCO") IS A NOT-FOR-PROFIT ORGANIZATION WHICH PROVIDES CLAIMS-RELATED SERVICES, CLAIMS ADMINISTRATION AND CLAIMS RESERVE FUNDING FOR THE CITY OF WINSTON-SALEM.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,248,054

Other Revenue $0

TOTAL REVENUE $4,248,054

Expense Breakdown

Grants Paid $43,598,956

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,141,095

Other Expenses $832,995

TOTAL EXPENSES $44,431,951

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,248,054	$5,040,675	-0.2%
Expenses	$44,431,951	$3,719,340	+10.9%
Net Income	$-40,183,897	$1,321,335	-31.4%

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

N/A

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

$526,051

Total Directors

$705,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA M SAUNDERS	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$26,629	$208,606
WILLIAM B ROWE	VICE-PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$34,827	$186,390
DENISE C ADAMS	DIRECTOR	1.00	Director	$0	$12,785	$39,145
ROBERT CLARK	DIRECTOR	1.00	Director	$0	$22,684	$45,172
DARIN N WEBSTER	DIRECTOR	1.00	Director	$0	$15,601	$95,159
KELLY LATHAM	SECRETARY/TREASURER	1.00	Officer Director	$0	$11,485	$131,055

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
2022	$4,248,054	$44,431,951	No data	$-40,183,897
2021	$5,040,675	$3,719,340	$53,848,964	$1,321,335
2020	$2,547,188	$1,834,820	$40,760,590	$712,368
2019	$2,994,413	$3,169,952	$40,822,349	$-175,539
2018	$4,867,888	$3,671,777	$42,141,519	$1,196,111

RISK ACCEPTANCE MANAGEMENT CORPORATION