Overview
What is The Risk Management Association?
The Risk Management Association is a nonprofit organization dedicated to promoting sound risk management practices within the financial services industry. With a membership base, the association functions as a professional body, striving to advance risk management principles that ensure financial stability and resilience. This member-driven association focuses solely on the financial sector, providing an essential platform for sharing knowledge, best practices, and resources to enhance risk management capabilities.
Official website here: www.rmahq.org
What are the reviews and ratings of this charity?
The Risk Management Association is not currently rated by Charity Navigator. The absence of a rating should not be interpreted as an assessment of its performance. Charity Navigator evaluates only 501(c)(3) organizations; since The Risk Management Association is not registered as such, it cannot be rated under the Accountability & Finance or Impact & Measurement methodologies typically applied.
The organization lacks available data on revenues, expenses, or salaries of key persons from electronically-filed Form 990s, which are prerequisites for Charity Navigator evaluations. This suggests a gap in publicly available financial transparency typically expected for nonprofit evaluation.
Since The Risk Management Association does not have user reviews available on GreatNonprofits, user sentiment cannot be directly assessed. Without additional data or feedback, it is challenging to draw further conclusions regarding its efficacy or reputation.
This AI summary has been generated from information found on Charity Navigator.
Is The Risk Management Association legitimate?
The Risk Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Risk Management Association 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: $1,585,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,657,197
For more financial information, click here
Official website here: www.rmahq.org
What is the mission statement of The Risk Management Association?
The Risk Management Association is a member-focused professional organization dedicated to promoting sound risk management practices within the financial services sector. Its primary objective is to advance risk principles that ensure the stability and resilience of the financial industry. As a member-driven association, RMA provides a platform for industry professionals to collaborate, learn, and share insights to enhance risk management strategies. Through various initiatives, the organization fosters a community of risk management experts, encourages the exchange of best practices, and advocates for the adoption of effective risk management frameworks.
Official website here: www.rmahq.org
Who is the CEO of The Risk Management Association?
Foster Nancy is the CEO of The Risk Management Association The CEO's salary of The Risk Management Association is $3,112,326 and their total compensation is $3,386,432.
Official website here: www.rmahq.org
What is the revenue of The Risk Management Association?
The Risk Management Association's revenue in 2023 was $9,942,725.
Official website here: www.rmahq.org
Who are the executives of The Risk Management Association and what are their salaries?
The average compensation at The Risk Management Association during 2023 was $29,479. There are 110 employees and 1220 volunteers at The Risk Management Association.
Here are 38 key members and their salaries (The Risk Management Association's CEO's salary is $3,112,326 and their total compensation is $3,386,432):
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- Compensation: $623,516
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- Other: $107,478
- Compensation: $3,112,326
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- Other: $274,106
- Compensation: $309,946
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- Other: $9,602
- Compensation: $381,587
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- Compensation: $279,596
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- Other: $91,292
- Compensation: $252,645
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- Compensation: $201,755
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- Compensation: $192,002
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- Other: $18,063
- Compensation: $180,049
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- Other: $19,309
Official website here: www.rmahq.org
Where can I find the form 990 for The Risk Management Association?
The Risk Management Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rmahq.org
Learn more at the official website: www.rmahq.org
Mission Statement of The Risk Management Association
The Risk Management Association, also known as RMA, is a member-driven professional organization dedicated to advancing sound risk management principles within the financial services sector. With a singular focus on risk, RMA serves as a hub for industry professionals, providing resources and fostering collaboration to ensure best practices are upheld. By championing sound risk management, RMA aims to fortify the financial services industry against potential threats and promote stability.
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Impact
October, 2024
The Risk Management Association (RMA) plays a crucial role in enhancing the financial services industry by advancing sound risk management principles. Through its member-driven approach, RMA fosters collaboration and knowledge sharing among professionals, ensuring that best practices are established and followed across the sector.
By focusing on risk management, RMA supports financial institutions in identifying, assessing, and mitigating potential risks, which strengthens overall industry stability. This commitment not only benefits individual organizations but also contributes to a more resilient financial system that protects communities and stakeholders.
In addition to providing resources and frameworks for effective risk management, RMA offers educational programs and networking opportunities, empowering its members with the skills and insights necessary to navigate evolving market challenges. Ultimately, RMA's impact extends beyond its members, promoting a culture of responsibility and foresight that influences the broader financial landscape.
This information is meant to be a general summary of The Risk Management Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $833,333
- Program Service Revenue: $9,942,725
- Gross Receipts: $9,942,725
Assets and Liabilities:
- Total Assets: $46,535,369
- Total Liabilities: $23,210,651
- Net Assets: $23,324,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES AND EVENTS
Revenue
$3,172,303
MEMBERSHIP DUES
Revenue
$3,114,385
BUSINESS SOLUTIONS
Revenue
$2,348,230
PROFESSIONAL DEVELOPME
Revenue
$729,795
OTHER INCOME
Revenue
$578,012
Organization Details
Founding Year
1921
Principal Officer
Nancy J Foster
Website
www.rmahq.orgNTEE Category
Code: S41 - Community improvement
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