Risk And Insurance Management Society Inc
Risk And Insurance Management Society Inc maintains strong assets and reports zero officer compensation.
EIN: 131860397 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.8M |
| Total Expenses | $19.0M |
| Program Spending | 70% |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is Risk And Insurance Management Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Risk And Insurance Management Society Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Risk And Insurance Management Society Inc
Risk And Insurance Management Society Inc (EIN: 131860397) is a nonprofit organization based in New York, NY. The organization reported total revenue of $23.8M and total assets of $22.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Risk And Insurance Management Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Risk And Insurance Management Society Inc is a large nonprofit that has been operating for 66 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.6M |
| Total Expenses | $19.0M |
| Surplus / Deficit | $-446,031 |
| Total Assets | $21.9M |
| Total Liabilities | $16.7M |
| Net Assets | $5.2M |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 76.2% |
| Months of Reserves | 13.9 months |
Financial Health Grade: C
In 2023, Risk And Insurance Management Society Inc reported a deficit of $446K with expenses exceeding revenue, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 76.2% (high leverage).
Financial Trends
Over 8 years of filings (2011–2023), Risk And Insurance Management Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +13.1% | +8.4% |
| 2022 | +9.3% | +24.9% | +20.5% |
| 2020 | -17.6% | -30.2% | -2.1% |
| 2019 | +6.3% | +14.2% | -4.7% |
| 2018 | -7.7% | +6.9% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Risk And Insurance Management Society Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Risk And Insurance Management Society Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $446K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and revenue, suggesting either a volunteer leadership structure or compensation is reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Risk And Insurance Management Society Inc's IRS 990 filings:
- Consistent deficits in recent years (2023, 2022, 2019, 2018) where expenses exceeded revenue, though manageable with current assets.
- 0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate compensation is reported in other categories, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for Risk And Insurance Management Society Inc:
- Strong asset base ($22,200,138 latest assets) relative to liabilities, indicating financial resilience.
- Consistent revenue generation and growth, with latest revenue at $23,773,950.
- Excellent transparency regarding officer compensation, reporting 0% across all available filings.
- Long history of IRS 990 filings, demonstrating consistent compliance and public disclosure.
Frequently Asked Questions about Risk And Insurance Management Society Inc
Is Risk And Insurance Management Society Inc a legitimate charity?
Risk And Insurance Management Society Inc (EIN: 131860397) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $23.8M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Risk And Insurance Management Society Inc spend its money?
Risk And Insurance Management Society Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Risk And Insurance Management Society Inc tax-deductible?
Risk And Insurance Management Society Inc is registered as a tax-exempt nonprofit (EIN: 131860397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Risk And Insurance Management Society Inc's spending goes to programs?
Risk And Insurance Management Society Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Risk And Insurance Management Society Inc located?
Risk And Insurance Management Society Inc is headquartered in New York, New York and files with the IRS under EIN 131860397.
How many years of IRS 990 filings does Risk And Insurance Management Society Inc have?
Risk And Insurance Management Society Inc has 8 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 $23.8M in total revenue.
Is Risk And Insurance Management Society Inc financially stable?
Yes, RIMS appears financially stable. Its assets of $21,948,496 in 2023 significantly exceed its liabilities of $16,735,160, and it has a history of consistent revenue generation, with the latest revenue at $23,773,950.
How does Risk And Insurance Management Society Inc manage executive compensation?
All available IRS 990 filings for RIMS report 0% officer compensation, which is a strong indicator of either a volunteer-led executive team or that executive compensation is categorized differently within their expenses.
Has Risk And Insurance Management Society Inc experienced financial deficits?
Yes, RIMS reported expenses exceeding revenue in 2023 ($19,010,375 expenses vs. $18,564,344 revenue) and 2022 ($16,811,932 expenses vs. $15,141,629 revenue), as well as in 2019 and 2018. However, these appear to be managed within its substantial asset base.
Filing History
IRS 990 filing history for Risk And Insurance Management Society Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Risk And Insurance Management Society Inc's revenue has grown by 43.5%, moving from $12.9M to $18.6M. Total assets increased by 44.8% over the same period, from $15.2M to $21.9M. Total functional expenses rose by 50.8%, from $12.6M to $19.0M. In its most recent filing year (2023), Risk And Insurance Management Society Inc reported a deficit of $446K, with expenses exceeding revenue. The organization holds $16.7M in liabilities against $21.9M in assets (debt-to-asset ratio: 76.2%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.6M | $19.0M | $21.9M | $16.7M | — | — |
| 2022 | $15.1M | $16.8M | $20.2M | $15.7M | — | View 990 |
| 2020 | $13.8M | $13.5M | $16.8M | $6.2M | — | View 990 |
| 2019 | $16.8M | $19.3M | $17.2M | $7.4M | — | — |
| 2018 | $15.8M | $16.9M | $18.0M | $7.0M | — | View 990 |
| 2017 | $17.1M | $15.8M | $20.5M | $6.8M | — | View 990 |
| 2013 | $15.4M | $14.0M | $18.3M | $7.7M | — | View 990 |
| 2011 | $12.9M | $12.6M | $15.2M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.6M, expenses of $19.0M, and assets of $21.9M (revenue +22.6% year-over-year).
- 2022: Revenue of $15.1M, expenses of $16.8M, and assets of $20.2M (revenue +9.3% year-over-year).
- 2020: Revenue of $13.8M, expenses of $13.5M, and assets of $16.8M (revenue -17.6% year-over-year).
- 2019: Revenue of $16.8M, expenses of $19.3M, and assets of $17.2M (revenue +6.3% year-over-year).
- 2018: Revenue of $15.8M, expenses of $16.9M, and assets of $18.0M (revenue -7.7% year-over-year).
- 2017: Revenue of $17.1M, expenses of $15.8M, and assets of $20.5M (revenue +11.5% year-over-year).
- 2013: Revenue of $15.4M, expenses of $14.0M, and assets of $18.3M (revenue +18.7% year-over-year).
- 2011: Revenue of $12.9M, expenses of $12.6M, and assets of $15.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Risk And Insurance Management Society Inc:
Data Sources and Methodology
This transparency report for Risk And Insurance Management Society Inc 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.