Is Rma The Risk Management Association New York Chapter Inc Legit?
Quick charity verification for Rma The Risk Management Association New York Chapter Inc (EIN: 136124129)
Verdict: Rma The Risk Management Association New York Chapter Inc appears trustworthy
85/100Mission Score
$110KRevenue
$102KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown in provided data makes full spending efficiency analysis difficult.
Strengths
Consistent reporting of 0% officer compensation, indicating volunteer leadership and potential for high efficiency.
Zero liabilities reported across all filings, demonstrating strong financial health and low risk.
Consistent filing of IRS Form 990s over many years, indicating good transparency and compliance.
Stable asset base maintained over a decade, providing financial resilience.
Spending Breakdown
How Rma The Risk Management Association New York Chapter Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Rma The Risk Management Association New York Chapter Inc
Is Rma The Risk Management Association New York Chapter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rma The Risk Management Association New York Chapter Inc (EIN: 136124129) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Rma The Risk Management Association New York Chapter Inc a good charity to donate to?
Rma The Risk Management Association New York Chapter Inc has a Mission Score of 85/100. Revenue: $110K. Assets: $102K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rma The Risk Management Association New York Chapter Inc?
The Employer Identification Number (EIN) for Rma The Risk Management Association New York Chapter Inc is 136124129. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Rma The Risk Management Association New York Chapter Inc spend its money?
Rma The Risk Management Association New York Chapter Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rma The Risk Management Association New York Chapter Inc's tax-exempt status?
You can verify Rma The Risk Management Association New York Chapter Inc's tax-exempt status using EIN 136124129 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Rma The Risk Management Association New York Chapter Inc demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For instance, in the 202308 period, the organization reported revenues of $75,810 against expenses of $79,631, indicating a slight operational deficit. This trend of near break-even or slight deficits/surpluses is common across its filing history, such as in 202208 with $64,960 in revenue and $64,171 in expenses. The organization consistently reports zero liabilities, which is a strong indicator of financial stability and low risk, as seen in all provided filings. Assets have fluctuated but remained relatively stable, with the latest reported assets at $72,962 in 202308, down from a high of $105,772 in 201408.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure, potentially relying on volunteer leadership. This can contribute to higher efficiency if other administrative costs are also kept low. The organization's financial health appears stable, maintaining a positive asset base without accumulating debt.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a notable transparent disclosure. However, without a detailed functional expense breakdown, it's challenging to fully evaluate how efficiently funds are allocated between direct program activities, administrative overhead, and any fundraising efforts. The consistent financial reporting over many years indicates a commitment to regulatory compliance and public disclosure.