The Risk Management Association

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

EIN: 230892360 ✦ Philadelphia, PA ✦ Designated as a 501(c)(6)

Overview

What is The Risk Management Association?

The Risk Management Association is a nonprofit organization dedicated to promoting sound risk management practices within the financial services industry. With a membership base, the association functions as a professional body, striving to advance risk management principles that ensure financial stability and resilience. This member-driven association focuses solely on the financial sector, providing an essential platform for sharing knowledge, best practices, and resources to enhance risk management capabilities.


Official website here: www.rmahq.org

Is The Risk Management Association legitimate?

The Risk Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. The 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,102,127

For more financial information, click here


Official website here: www.rmahq.org

What is the mission statement of The Risk Management Association?

The Risk Management Association is a member-focused professional organization dedicated to promoting sound risk management practices within the financial services sector. Its primary objective is to advance risk principles that ensure the stability and resilience of the financial industry. As a member-driven association, RMA provides a platform for industry professionals to collaborate, learn, and share insights to enhance risk management strategies. Through various initiatives, the organization fosters a community of risk management experts, encourages the exchange of best practices, and advocates for the adoption of effective risk management frameworks.


Official website here: www.rmahq.org

Who is the CEO of The Risk Management Association?

Nancy J Foster is the Director, President & Ceo of The Risk Management Association. The CEO's salary of The Risk Management Association is $1,120,055 and their total compensation is $1,288,754.


Official website here: www.rmahq.org

What is the revenue of The Risk Management Association?

The Risk Management Association's revenue in 2022 was $22,732,998.


Official website here: www.rmahq.org

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

The average compensation at The Risk Management Association during 2022 was $111,029. There are 109 employees and 1,300 volunteers at The Risk Management Association.

Here are 42 key members and their salaries (The Risk Management Association's CEO's salary is $1,120,055 and their total compensation is $1,288,754):

    Nancy J Foster (Director, President & Ceo)
  • Compensation: $1,120,055
  • Related: $0
  • Other: $168,699

    • Edward Demarco (Corporate Secretary, Cao)
  • Compensation: $597,481
  • Related: $0
  • Other: $137,976

    • Francis Garritt (Dir. Of Securities Lending)
  • Compensation: $415,605
  • Related: $0
  • Other: $131,650

    • Brian Long (Cfo)
  • Compensation: $356,169
  • Related: $0
  • Other: $29,075

    • Brian Weiss (Chief Strategy Officer)
  • Compensation: $298,403
  • Related: $0
  • Other: $63,893

    • William Loftus (Relationship Manager)
  • Compensation: $267,109
  • Related: $0
  • Other: $85,939

    • Steven J Martin (Employee)
  • Compensation: $261,731
  • Related: $0
  • Other: $30,003

    • Stacy E Blissett (Employee)
  • Compensation: $215,164
  • Related: $0
  • Other: $21,220

    • Kristen Kaminski (Employee)
  • Compensation: $202,463
  • Related: $0
  • Other: $12,726

    • Monique Donahue (Employee)
  • Compensation: $194,420
  • Related: $0
  • Other: $9,138

    • John P Baier (Employee)
  • Compensation: $172,464
  • Related: $0
  • Other: $19,767

    • Joseph Ciccione (Sr. Project Mgr)
  • Compensation: $182,235
  • Related: $0
  • Other: $9,431

    • Lori M Nitschke-Hansen (Employee)
  • Compensation: $178,589
  • Related: $0
  • Other: $9,616

    • Amanda Norton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin Genek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Crystal Humphreys (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Buchanan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heidi Andrion (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jodi Richard (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John L D'Angelo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Nosser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Bastuga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin D Oden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark W Midkiff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Whipple (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Nassy (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mohit Ramani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philippa X Girling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Seth Waller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen W Yose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Bonnell (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kieran Fallon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Salomon Humberto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Slane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Graeme Hepworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tj Haynes-Morgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Iraci (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian D Hughes (Ex Offcio Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mcnamara (Ex Offcio Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David P Shevsky (Ex Offcio Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Wiles (Ex Offcio Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ajai Bambawale (Ex Offcio Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rmahq.org

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

    The The Risk Management Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rmahq.org

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

    Mission Statement of The Risk Management Association

    The Risk Management Association, also known as RMA, is a member-driven professional organization dedicated to advancing sound risk management principles within the financial services sector. With a singular focus on risk, RMA serves as a hub for industry professionals, providing resources and fostering collaboration to ensure best practices are upheld. By championing sound risk management, RMA aims to fortify the financial services industry against potential threats and promote stability.

    Impact

    This information is meant to be a general summary of The Risk Management Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Risk Management Association plays a crucial role in advancing sound risk management principles within the financial services industry. By leveraging its member-driven approach, RMA actively works towards enhancing risk practices, fostering industry collaboration, and ultimately contributing to the overall stability and efficiency of the financial sector. Through its initiatives and resources, RMA significantly influences risk management practices among professionals and institutions, ultimately helping to mitigate potential risks and improve the resilience of financial organizations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $833,333
  • Program Service Revenue: $21,899,665
  • Gross Receipts: $22,732,998

    • Assets and Liabilities:
  • Total Assets: $46,535,369
  • Total Liabilities: $23,210,651
  • Net Assets: $23,324,718
  • Programs

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

    MEMBERSHIP DUES

    Revenue

    $9,555,577

    BUSINESS SOLUTIONS

    Revenue

    $5,765,612

    CONFERENCES AND EVENTS

    Revenue

    $3,726,115

    PUBLICATIONS

    Revenue

    $2,852,361

    Organization Details

    Founding Year

    1921

    Principal Officer

    Nancy J Foster

    Main Address

    2005 MARKET STREET 3600, PHILADELPHIA, PA, 19103

    NTEE Category

    Code: S41 - Community improvement

    If you are a representative of The Risk Management Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.