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Telecommunications Risk Management Association

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

EIN: 752722424 ✦ Chicago, IL ✦ Designated as a 501(c)(6)

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Overview

What is Telecommunications Risk Management Association?

The Telecommunications Risk Management Association is a nonprofit organization situated in Chicago, Illinois. Their primary goal is to foster a deeper understanding and exchange of credit risk information within the segment of the telecommunications industry that caters to consumer and small business users. Their activities include conducting biannual meetings to educate and inform members about the latest developments in their field. The association aims to reduce fraud and improve the management of credit risk through these initiatives.


Official website here: www.trmanet.org

Is Telecommunications Risk Management Association legitimate?

Telecommunications Risk Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Telecommunications 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.trmanet.org

What is the mission statement of Telecommunications Risk Management Association?

The Telecommunications Risk Management Association's mission is centered around promoting a comprehensive understanding of credit risk within the segment of the telecommunications industry that serves consumers and small businesses. Their primary goal is to reduce fraud and improve credit risk management. They achieve this by facilitating the exchange of relevant credit risk information within their industry. By doing so, they aim to enhance overall security and reliability in telecommunications services. The association also organizes biannual meetings, providing educational programs to keep their members informed about the latest developments in their field.


Official website here: www.trmanet.org

Who is the CEO of Telecommunications Risk Management Association?

John Craven is the President of Telecommunications Risk Management Association.


Official website here: www.trmanet.org

What is the revenue of Telecommunications Risk Management Association?

Telecommunications Risk Management Association's revenue in 2022 was $456,098.


Official website here: www.trmanet.org

Who are the executives of Telecommunications Risk Management Association and what are their salaries?


Here are 10 key members and their salaries:


John Craven (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yashpal Kovvur (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Newcomb (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Francia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Kammer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Simpson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Whelan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sir Guy Epps (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Segarra (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.trmanet.org

Where can I find the form 990 for Telecommunications Risk Management Association?

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


Official website here: www.trmanet.org

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

Mission Statement of Telecommunications Risk Management Association

The Telecommunications Risk Management Association, abbreviated as TRMA, is dedicated to fostering a deeper understanding and the exchange of credit risk information within the telecommunications sector that caters to consumer and small business users. The primary objective of TRMA is to combat fraud and effectively manage credit risk by sharing relevant information among its members. This initiative aims to strengthen the industry's resilience, ensuring that it can deliver reliable services to its consumers and small business clients.

To achieve this mission, TRMA organizes biannual meetings, where they present educational programs to their members. These meetings serve as a platform for sharing the latest developments in the field, thereby keeping the members informed and equipped to handle potential challenges in credit risk management. By promoting open communication and the exchange of knowledge, TRMA empowers its members to make informed decisions, ultimately contributing to a more secure and efficient telecommunications industry.

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Impact




October, 2024

The Telecommunications Risk Management Association significantly enhances the telecommunications industry by fostering a deeper understanding of credit risk management practices. By facilitating the exchange of crucial credit risk information, the association helps its members—providers servicing consumers and small businesses—reduce instances of fraud and manage credit risk more effectively.

Through biannual meetings, the organization offers educational programs that keep members informed about the latest developments and best practices in the field. This initiative not only empowers companies to make sound financial decisions but also strengthens the overall integrity of the telecommunications market. By addressing credit risk, the association contributes to a more stable and reliable environment for both service providers and consumers, ultimately leading to improved community outcomes.




This information is meant to be a general summary of Telecommunications 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.

Revenue
$456,098 (2022)
Expenses
$487,562 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,307
  • Program Service Revenue: $452,791
  • Gross Receipts: $456,098

Assets and Liabilities:

  • Total Assets: $194,619
  • Total Liabilities: $79,494
  • Net Assets: $115,125

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Programs

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

MEETINGS

Revenue

$89,046

Membership Dues & Assessments

Revenue

$287,250

SPONSORSHIP

Revenue

$76,495

Organization Details

Founding Year

1997

Principal Officer

John Craven

Main Address

35 E WACKER DR 850, CHICAGO, IL, 60601

NTEE Category

Code: S40 - Community improvement

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