Public Utilities Risk Management Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043346955 ✦ Westborough, MA ✦ Designated as a 501(c)(6)

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Overview

What is Public Utilities Risk Management Association Inc?

Public Utilities Risk Management Association Inc, a nonprofit organization based in Westborough, Massachusetts, offers risk management services to publicly owned utilities. With a team of three dedicated individuals, the association provides its members with superior and cost-effective information, education, and solutions to address their risk management needs. By consistently delivering these resources, the Public Utilities Risk Management Association aims to empower its members and help them navigate the complexities of risk management in the utility sector.


Official website here: www.purma.org

Is Public Utilities Risk Management Association Inc legitimate?

Public Utilities Risk Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Public Utilities Risk Management Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $206,507

For more financial information, click here


Official website here: www.purma.org

What is the mission statement of Public Utilities Risk Management Association Inc?

The Public Utilities Risk Management Association Inc, a non-profit organization, is committed to serving publicly owned utilities by delivering superior and economical information, education, and solutions tailored to their risk management needs. Its mission is to consistently provide these resources, aiming to help these utilities manage their risks effectively. The association acts as a resource center, offering risk management services to its members.


Official website here: www.purma.org

Who is the CEO of Public Utilities Risk Management Association Inc?

Kenneth Labrie is the Executive Di of Public Utilities Risk Management Association Inc.


Official website here: www.purma.org

What is the revenue of Public Utilities Risk Management Association Inc?

Public Utilities Risk Management Association Inc's revenue in 2022 was $406,225.


Official website here: www.purma.org

Who are the executives of Public Utilities Risk Management Association Inc and what are their salaries?

The average compensation at Public Utilities Risk Management Association Inc during 2022 was $68,836. There are 3 employees at Public Utilities Risk Management Association Inc.


Here are 9 key members and their salaries:


Nichole Magnifico (Executive Di)
  • Compensation: $152,969
  • Related: $0
  • Other: $29,745
Jeffrey Dobbins (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Kline (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Dobbins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Labrie (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Mcmahon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Morahan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Waugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.purma.org

Where can I find the form 990 for Public Utilities Risk Management Association Inc?

Public Utilities Risk Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.purma.org

Learn more at the official website: www.purma.org

Mission Statement of Public Utilities Risk Management Association Inc

The Public Utilities Risk Management Association, a not-for-profit organization, is committed to serving publicly owned utilities by offering superior and cost-effective information, education, and solutions tailored to their risk management needs. This mission is aimed at providing its member utilities with the necessary resources to manage risks effectively, ensuring their operations run smoothly and efficiently. The association's role extends beyond just providing information; it also offers educational programs and practical solutions to help its members navigate the complexities of risk management.

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Impact




October, 2024

The Public Utilities Risk Management Association Inc significantly enhances the operational efficiency and financial stability of publicly owned utilities. By offering access to superior and cost-effective information, education, and tailored solutions for risk management, it empowers these utilities to navigate challenges more effectively. Its services are crucial in helping utilities identify potential risks and implement strategies to mitigate them, ultimately leading to safer, more reliable public services. The organization plays a vital role in fostering collaboration among utilities, sharing best practices, and promoting a culture of proactive risk management that benefits the communities they serve. Through its commitment to enhancing risk management practices, the association contributes to the overall public benefit by ensuring that essential utility services are delivered efficiently and with reduced risk.




This information is meant to be a general summary of Public Utilities Risk Management Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$406,225 (2022)
Expenses
$355,476 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $386,225
  • Gross Receipts: $406,225

Assets and Liabilities:

  • Total Assets: $469,820
  • Total Liabilities: $140,050
  • Net Assets: $329,770

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$332,925

MEMBERSHIP DUES

Revenue

$53,300

Organization Details

Founding Year

1997

Principal Officer

Kenneth Labrie

Main Address

1900 WEST PARK DRIVE SUITE 280, WESTBOROUGH, MA, 01581

NTEE Category

Code: W90 - Public benefit

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