Professional Risk Managers International Association
EIN: 611405040 · Northfield, MN · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Net Assets | $-886,010 |
Is Professional Risk Managers International Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Professional Risk Managers International Association
Professional Risk Managers International Association (EIN: 611405040) is a nonprofit organization based in Northfield, MN, classified under NTEE code S41. The organization reported total revenue of $1.5M and total assets of $197K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Professional Risk Managers International Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Professional Risk Managers International Association is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-115,605 |
| Total Assets | $259K |
| Total Liabilities | $1.1M |
| Net Assets | $-886,010 |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 442.7% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2023, Professional Risk Managers International Association reported a deficit of $116K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 442.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Professional Risk Managers International Association's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -18.8% | +19.0% |
| 2022 | -13.0% | -7.7% | -63.8% |
| 2021 | +9.7% | -10.2% | -45.8% |
| 2020 | -22.7% | -7.0% | -24.1% |
| 2019 | -27.9% | -5.8% | -22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Professional Risk Managers International Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Professional Risk Managers International Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 442.7%.
Frequently Asked Questions about Professional Risk Managers International Association
Is Professional Risk Managers International Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Professional Risk Managers International Association (EIN: 611405040) insufficient data. 0 red flags identified, 0 strengths noted.
How does Professional Risk Managers International Association spend its money?
Detailed spending breakdown data is not yet available for Professional Risk Managers International Association. Check back for updated IRS 990 analysis.
Are donations to Professional Risk Managers International Association tax-deductible?
Professional Risk Managers International Association is registered as a tax-exempt nonprofit (EIN: 611405040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Professional Risk Managers International Association located?
Professional Risk Managers International Association is headquartered in Northfield, Minnesota and files with the IRS under EIN 611405040. It is classified under NTEE code S41.
How many years of IRS 990 filings does Professional Risk Managers International Association have?
Professional Risk Managers International Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Filing History
IRS 990 filing history for Professional Risk Managers International Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Professional Risk Managers International Association's revenue has declined by 42%, moving from $2.6M to $1.5M. Total assets decreased by 68.5% over the same period, from $820K to $259K. Total functional expenses fell by 20.8%, from $2.0M to $1.6M. In its most recent filing year (2023), Professional Risk Managers International Association reported a deficit of $116K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $259K in assets (debt-to-asset ratio: 442.7%), resulting in net assets of $-886,010.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $259K | $1.1M | — | View 990 |
| 2022 | $1.7M | $2.0M | $217K | $988K | — | View 990 |
| 2021 | $2.0M | $2.1M | $600K | $1.2M | — | View 990 |
| 2020 | $1.8M | $2.4M | $1.1M | $1.5M | — | — |
| 2019 | $2.4M | $2.5M | $1.5M | $1.4M | — | View 990 |
| 2018 | $3.3M | $2.7M | $1.9M | $1.6M | — | View 990 |
| 2017 | $2.6M | $2.5M | $1.7M | $2.0M | — | View 990 |
| 2016 | $2.2M | $2.7M | $1.5M | $1.9M | — | View 990 |
| 2015 | $2.1M | $2.3M | $1.5M | $1.3M | — | View 990 |
| 2014 | $2.4M | $2.4M | $1.6M | $1.2M | — | View 990 |
| 2013 | $2.2M | $1.8M | $1.1M | $725K | — | View 990 |
| 2012 | $2.6M | $2.4M | $785K | $669K | — | View 990 |
| 2011 | $2.6M | $2.0M | $820K | $888K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $259K (revenue -15.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $217K (revenue -13.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.1M, and assets of $600K (revenue +9.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.4M, and assets of $1.1M (revenue -22.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.5M, and assets of $1.5M (revenue -27.9% year-over-year).
- 2018: Revenue of $3.3M, expenses of $2.7M, and assets of $1.9M (revenue +27.3% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.5M, and assets of $1.7M (revenue +18.8% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.7M, and assets of $1.5M (revenue +4.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.3M, and assets of $1.5M (revenue -15.0% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $1.6M (revenue +11.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.8M, and assets of $1.1M (revenue -16.8% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.4M, and assets of $785K (revenue +3.2% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.0M, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Professional Risk Managers International Association:
Data Sources and Methodology
This transparency report for Professional Risk Managers International Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.