Overview
What is Municipal Risk Management Inc?
Municipal Risk Management Inc, established in 1982, is a nonprofit corporation headquartered in Sewickley, Pennsylvania. Its primary mission involves cooperating with municipalities, Pennsylvania municipal authorities, and other tax-exempt governmental agencies to reduce liability for workers' compensation insurance. This is accomplished through a municipal safety group concept, which aims to decrease injuries, lower costs, and deliver savings and dividends to members with good claims records. The organization's strategy incorporates effective loss control programs, risk management, fiscal management, and compliance with Pennsylvania statutes and regulations to ensure safer working conditions and full benefits for municipal employees. To date, Municipal Risk Management Inc has returned over $9.1 million in dividends to its member governments, resulting in significant savings for their taxpayers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating.
Municipal Risk Management Inc received a 62% rating, indicating it meets some benchmarks for accountability and finance but falls short in key areas. A strength of the organization is its fully independent board, which is composed of 100% independent members, demonstrating a commitment to governance practices. Additionally, the organization has no material diversion of assets and maintains effective policies for conflict of interest, whistleblowing, and document retention.
However, the organization did not provide financial statements, which significantly impacted its overall score, resulting in a low Program Expense Ratio of 56.37%. This suggests that a larger portion of its resources may not be allocated effectively toward its programs. Furthermore, while the organization has key personnel with notable salaries, the lack of financial transparency could raise concerns for potential donors regarding the operational efficiency of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Municipal Risk Management Inc legitimate?
Municipal Risk Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Municipal Risk Management 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: $438,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,554
For more financial information, click here
What is the mission statement of Municipal Risk Management Inc?
Municipal Risk Management Inc, established in 1982, serves as a nonprofit organization aimed at cooperating with municipalities, Pennsylvania municipal authorities, and other tax-exempt governmental agencies. Its primary objective is to provide a platform for these entities to jointly manage their workman's compensation liability insurance, saving taxpayer funds through a mutual insurance concept. The organization's mission is twofold: first, to pool premiums from statutorily required coverages for the participating entities to reduce costs. Second, Municipal Risk Management Inc emphasizes loss control programs, risk management, fiscal management, and other appropriate methods to ensure compliance with state legislation and regulations, thereby promoting safer working conditions and full benefits for municipal employees. Ultimately, the goal is to reduce claims, lower premiums, and create a safer work environment for its members.
Who is the CEO of Municipal Risk Management Inc?
Christine A Caliguiri is the Finance Director of Municipal Risk Management Inc.
What is the revenue of Municipal Risk Management Inc?
Municipal Risk Management Inc's revenue in 2022 was $1,889,170.
Who are the executives of Municipal Risk Management Inc and what are their salaries?
The average compensation at Municipal Risk Management Inc during 2022 was $64,167. There are 11 employees at Municipal Risk Management Inc.
Here are 16 key members and their salaries:
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- Compensation: $120,687
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- Compensation: $146,593
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- Compensation: $108,401
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- Other: $29,051
- Compensation: $99,321
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- Other: $5,822
Where can I find the form 990 for Municipal Risk Management Inc?
Municipal Risk Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Municipal Risk Management Inc
Municipal Risk Management Inc, established in 1982, is a non-profit organization with a mission to save taxpayer funds for municipalities in Pennsylvania. Its primary objective is to pool the premiums of statutory, tax-exempt municipal entities in the Commonwealth to provide adequate coverage for all required statutory coverages. By doing so, Municipal Risk Management Inc aims to reduce member costs and expenses through effective loss control programs, risk management, fiscal management, and other appropriate means. This strategy is designed to comply with the statutes of Pennsylvania and regulations requiring safer working conditions for all municipal employees, ensuring full benefits. The ultimate goal of this non-profit corporation is to reduce claims, lower premiums, and provide a safe work environment for municipal employees, thereby demonstrating its commitment to the well-being of the communities it serves.
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Impact
October, 2024
Municipal Risk Management Inc (MRM) significantly enhances the operational efficiency and financial stability of municipalities and tax-exempt governmental agencies in Pennsylvania by offering a collaborative approach to risk management. Since its inception in 1982, MRM has emerged as a vital resource for these entities, providing a structured method to jointly manage their liability protection related to worker's compensation insurance.
By pooling premiums among member organizations, MRM has been able to lower the overall costs of worker's compensation. This initiative has led to substantial dividends—over $9.1 million—returned to member governments, which in turn reduces the financial burden on local taxpayers. The organization emphasizes effective loss control and risk management, which contributes to a safer working environment for municipal employees.
MRM not only facilitates compliance with the regulatory framework governing occupational safety in Pennsylvania but also fosters a culture of accountability and diligence regarding workplace safety. The implementation of comprehensive risk management strategies helps to mitigate injuries and claims, ultimately resulting in decreased premiums for participating municipalities.
Through these efforts, MRM plays a crucial role in promoting economic efficiency and enhancing the quality of services provided by local governments, ensuring that taxpayer funds are utilized effectively while safeguarding the welfare of public employees.
This information is meant to be a general summary of Municipal Risk Management 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40,942
- Program Service Revenue: $1,618,083
- Gross Receipts: $1,889,170
Assets and Liabilities:
- Total Assets: $1,866,015
- Total Liabilities: $1,419
- Net Assets: $1,864,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST II ADMIN. FEES
Revenue
$1,320,000
PLT ADMINISTRATIVE SER
Revenue
$298,083
Organization Details
Founding Year
1982
Phone
(734) 934-9797Principal Officer
Christine A Caliguiri
Main Address
1603 CARMODY CT BLAYMORE II STE 4, SEWICKLEY, PA, 15143
NTEE Category
Code: W99Z - Public benefit
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