Civic Intelligence

Risk & Insurance Management Society Inc

EIN 36-6109306 • 501(c)6 • Buffalo Grove, IL

Profile

RIMS is a membership Organization dedicated to advancing the practice of risk management and providing educational and professional development opportunities to its membership.

318 Half Day Road 172Buffalo Grove, IL 60089

www.chicagorims.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

78th percentile

17%

Higher net margin than 78% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-12%

Faster revenue growth than 33% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$435,855

Up $52,413 (+14%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$435,855

Up $52,413 (+14%) from 2023

Revenue

Down

$306,140

Down $42,358 (-12%) from 2023

Expenses

Down

$253,727

Down $35,073 (-12%) from 2023

Net Income

Down

$52,413

Down $7,285 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $216,596Liabilities 2010: $0Net Assets 2010: $216,5962010Assets 2011: $202,468Liabilities 2011: $0Net Assets 2011: $202,4682011Assets 2012: $188,733Liabilities 2012: $0Net Assets 2012: $188,7332012Assets 2013: $215,184Liabilities 2013: $0Net Assets 2013: $215,1842013Assets 2014: $202,439Liabilities 2014: $2,277Net Assets 2014: $200,1622014Assets 2015: $80,999Liabilities 2015: $640Net Assets 2015: $80,3592015Assets 2016: $112,855Liabilities 2016: $0Net Assets 2016: $112,8552016Assets 2017: $164,096Liabilities 2017: $0Net Assets 2017: $164,0962017Assets 2018: $156,398Liabilities 2018: $3,880Net Assets 2018: $152,5182018Assets 2019: $165,999Liabilities 2019: $0Net Assets 2019: $165,9992019Assets 2020: $219,737Liabilities 2020: $0Net Assets 2020: $219,7372020Assets 2021: $270,364Liabilities 2021: $0Net Assets 2021: $270,3642021Assets 2022: $332,528Liabilities 2022: $0Net Assets 2022: $332,5282022Assets 2023: $383,442Liabilities 2023: $0Net Assets 2023: $383,4422023Assets 2024: $435,855Liabilities 2024: $0Net Assets 2024: $435,8552024

Highlighted filing

2024

Assets$435,855
Liabilities$0
Net Assets$435,855

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2010: $95,336Expenses 2010: $68,651Net Income 2010: $26,6852010Revenue 2011: $71,594Expenses 2011: $84,802Net Income 2011: -$13,2082011Revenue 2012: $81,861Expenses 2012: $97,605Net Income 2012: -$15,7442012Revenue 2013: $89,671Expenses 2013: $65,434Net Income 2013: $24,2372013Revenue 2014: $189,796Expenses 2014: $205,652Net Income 2014: -$15,8562014Revenue 2015: $248,524Expenses 2015: $364,770Net Income 2015: -$116,2462015Revenue 2016: $340,683Expenses 2016: $308,187Net Income 2016: $32,4962016Revenue 2017: $334,024Expenses 2017: $282,783Net Income 2017: $51,2412017Revenue 2018: $316,912Expenses 2018: $328,490Net Income 2018: -$11,5782018Revenue 2019: $335,180Expenses 2019: $321,699Net Income 2019: $13,4812019Revenue 2020: $119,237Expenses 2020: $82,984Net Income 2020: $36,2532020Revenue 2021: $225,580Expenses 2021: $174,953Net Income 2021: $50,6272021Revenue 2022: $327,273Expenses 2022: $265,109Net Income 2022: $62,1642022Revenue 2023: $348,498Expenses 2023: $288,800Net Income 2023: $59,6982023Revenue 2024: $306,140Expenses 2024: $253,727Net Income 2024: $52,4132024

Highlighted filing

2024

Revenue$306,140
Expenses$253,727
Net Income$52,413

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.36$0.00$4.36$3.06$2.54$0.52
2023Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$3.48$2.89$0.60
2022Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$3.27$2.65$0.62
2021Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$2.26$1.75$0.51
2020Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$1.19$0.83$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$3.35$3.22$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.04$1.53$3.17$3.28$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$3.34$2.83$0.51
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$3.41$3.08$0.32
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$2.49$3.65$1.16
2014Detailed filing. Detailed filing data is available for this year.$2.02$0.02$2.00$1.90$2.06$0.16
2013Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.90$0.65$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.00$1.89$0.82$0.98$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.00$2.02$0.72$0.85$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.00$2.17$0.95$0.69$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 10, 2025
Return Version
2024v5.0
Gross Receipts
$340,087
Mission and Program Overview

Mission

RIMS is a membership Organization dedicated to advancing the practice of risk management and providing educational and professional development opportunities to its membership.

Leading association for risk management professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$383,442$435,855▲ $52,413
Rtn Earn Endowment Incm Other Fnds$383,442$435,855▲ $52,413
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$383,442$435,855▲ $52,413
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$383,442$435,855▲ $52,413
Total Liabilities and Net Assets / Fund Balance$383,442$435,855▲ $52,413
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carnell JonesPresident
Katie RabsVice President
Andy AdamsDirector
Dino StirisDirector
Frank GriggsDirector
Jack WIlliamsonDirector
Jennifer PackDirector
Kelly CrollDirector
Robert BenvenutoDirector
Ryan FeeDirector
Steve AdamjeeDirector
Gail BartholomewSecretary
Seung YooTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$230,285
Program Service Revenue
$72,775
Investment Income
$0
Other Revenue
$3,080
All Other Contributions
$186,000
Change in Net Assets
$52,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$253,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$145,744
Fees for Services Other---$85,637
Other Expenses---$1,213
All Other Expenses---$1,176
Fees for Services Accounting---$825
Total Functional Expenses$0$0$0$253,727
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,027
Fundraising Direct Expenses$33,947
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual golf outing$81,312$37,027$4,241$32,786
Total Events$81,312$37,027$33,947$3,080
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The Organization has several classes of membership including corporate/entity, honorary, educational, student, affiliate, associates of the society, and retired members.

Form 990, Part VI, Section A, line 7A

The Board of Directors is elected at the annual meeting by voting members.

Form 990, Part VI, Section A, line 7B

Amendments to the bylaws are made by affirmative vote of two-thirds of the voting members present at a regular, annual or special meeting,

Form 990, Part VI, Section B, line 11B

All Board Members receive the Form 990 for review prior to filing.

Form 990, Part VI, Section C, line 19

The Organization posts its bylaws on their web-site.

Filing and Contact Details

Filer

Filer Name
Risk & Insurance Management Society Inc
EIN
36-6109306
Phone
2672316088
Address
318 Half Day Road 172, Buffalo Grove, IL 60089

Signing Officer

Name
Seung Yoo
Title
Treasurer
Phone
2672316088
Signed
2025-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seung Yoo
Formed
1955
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Ave, Chicago, IL 60643
Preparer
Mel Padillo
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Administrative Support 83,585. IT Prof Service 2,052.

Raw XML Appendix376 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt052413
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0383442
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0435855
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt044285
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt044285
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033947
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual golf outing
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt081312
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt081312
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037027
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037027
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03080
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04241
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04241
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt029706
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt029706
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has several classes of membership including corporate/entity, honorary, educational, student, affiliate, associates of the society, and retired members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors is elected at the annual meeting by voting members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Amendments to the bylaws are made by affirmative vote of two-thirds of the voting members present at a regular, annual or special meeting,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All Board Members receive the Form 990 for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization posts its bylaws on their web-site.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Administrative Support 83,585. IT Prof Service 2,052.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0383442
IRS990/TotalAssetsEOYAmt0435855
IRS990/TotalAssetsGrp/BOYAmt0383442
IRS990/TotalAssetsGrp/EOYAmt0435855
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0230285
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253727
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0383442
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0435855
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt072775
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt072775
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0306140
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0383442
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0435855
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0318 Half Day Road 172
IRS990/USAddress/CityNm0Buffalo Grove
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060089
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.chicagorims.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Seung Yoo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02672316088
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Risk & Insurance Management Society Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Chicago Chapter
ReturnHeader/Filer/BusinessNameControlTxt0RISK
ReturnHeader/Filer/EIN0366109306
ReturnHeader/Filer/PhoneNum02672316088
ReturnHeader/Filer/USAddress/AddressLine1Txt0318 Half Day Road 172
ReturnHeader/Filer/USAddress/CityNm0Buffalo Grove
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060089
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Desmond & Ahern Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010827 S Western Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060643
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mel Padillo
ReturnHeader/ReturnTs02025-03-10T21:23:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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