PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION

EIN: 611405040 Community Improvement

NORTHFIELD, MN

Total Revenue
$1,418,484
Total Expenses
$1,559,511
Total Assets
$522,472
Net Assets
$-684,964
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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
2002
Legal Domicile
DE
Principal Officer
CHRISTINA SEVERSON
Phone
6122164325
Tax Period
2023-07-01 to 2024-06-30

PROFESSIONAL RISK MANAGERS' INTERNATIONAL ASSOCIATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AN OPEN FORUM FOR THE PROMOTION OF SOUND RISK MANAGEMENT STANDARDSS AND PRACTICES GLOBALLY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,392,193
Investment Income $23,646
Other Revenue $2,645
TOTAL REVENUE $1,418,484

Expense Breakdown

Grants Paid $0
Salaries & Benefits $909,977
Fundraising Expenses $0
Program Expenses $1,223,610
Other Expenses $649,534
TOTAL EXPENSES $1,559,511

Year-over-Year Comparison

2023 2022 Change
Revenue $1,418,484 $1,478,936 0.0%
Expenses $1,559,511 $1,594,541 0.0%
Net Income $-141,027 $-115,605 +0.2%
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

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Governance

Voting Members
2174
Independent Members
2174
Employees
11
Volunteers
445

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
4
$78,000
Total Directors
7
$194,627
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN MCCARTHY CEO 40.00
Director
$194,627 $0 $194,627
LAKSHMI SHYAM-SUNDER VICE CHAIR 5.00
Director
$0 $0 $0
SAJJAD AHMED CHEEMA DIRECTOR 1.00
Director
$0 $0 $0
OLEG LEBEDEV DIRECTOR 1.00
Director
$0 $0 $0
KRAIG THOMAS CONRAD DIRECTOR 1.00
Director
$0 $0 $0
OSCAR D MCCARTHY DIRECTOR 1.00
Director
$0 $0 $0
JOSEPHINE WAI FUN WOO DIRECTOR 1.00
Director
$0 $0 $0
DAVID COLEMAN PAST CHAIR 5.00
Officer
$0 $0 $0
BRUCE FLETCHER CHAIR 1.00
Officer
$0 $0 $0
CARLOS DA COSTA TREASURER 5.00
Officer
$0 $0 $0
CHRISTINA SEVERSON FINANCE DIRECTOR 40.00
Officer
$78,000 $0 $78,000
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 No data No data No data No data
2024 $1,418,484 $1,559,511 $522,472 $-141,027
2023 $1,478,936 $1,594,541 $258,566 $-115,605
2022 $1,746,398 $1,962,839 $217,331 $-216,441
2021 $2,006,262 $2,127,424 $599,904 $-121,162
2020 $1,829,401 $2,369,426 $1,107,791 $-540,025
2019 $2,365,498 $2,547,783 $1,458,621 $-182,285
2018 $3,282,752 $2,705,036 $1,869,142 $577,716
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