Civic Intelligence

Minnesota Chapter of Rma

EIN 51-0172308 • 501(c)6 • Golden Valley, MN

Profile

The risk management association (rma), an affiliate driven professional association, helps banking and non-banking institutions identify and manage the impacts of credit risk, operational risk, and market risk on their businesses and customers. This goal is achieved through education, research, networking, and leadership opportunities.

PO Box 270924Golden Valley, MN 55427

www.rma-mn.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.19x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

0.28x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

48th percentile

-0.0%

Higher net margin than 48% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2017

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 2017

Asset Growth

66th percentile

7.3%

Faster asset growth than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

18%

Faster revenue growth than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$223,269

Up $15,278 (+7.3%) from 2016

Liabilities

Up

$41,890

Up $15,318 (+58%) from 2016

Net Assets

Down

$181,379

Down $40 (-0.0%) from 2016

Revenue

Up

$148,647

Up $23,144 (+18%) from 2016

Expenses

Up

$148,687

Up $24,026 (+19%) from 2016

Net Income

Down

-$40

Down $882 (-105%) from 2016

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $109,214Liabilities 2011: $42,589Net Assets 2011: $66,6252011Assets 2012: $140,377Liabilities 2012: $33,145Net Assets 2012: $107,2322012Assets 2013: $179,071Liabilities 2013: $34,224Net Assets 2013: $144,8472013Assets 2014: $192,694Liabilities 2014: $37,920Net Assets 2014: $154,7742014Assets 2015: $217,480Liabilities 2015: $36,903Net Assets 2015: $180,5772015Assets 2016: $207,991Liabilities 2016: $26,572Net Assets 2016: $181,4192016Assets 2017: $223,269Liabilities 2017: $41,890Net Assets 2017: $181,3792017

Highlighted filing

2017

Assets$223,269
Liabilities$41,890
Net Assets$181,379

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2011: $81,9992011Expenses 2012: $87,4232012Expenses 2013: $106,3022013Revenue 2014: $132,234Expenses 2014: $122,307Net Income 2014: $9,9272014Revenue 2015: $162,090Expenses 2015: $136,078Net Income 2015: $26,0122015Revenue 2016: $125,503Expenses 2016: $124,661Net Income 2016: $8422016Revenue 2017: $148,647Expenses 2017: $148,687Net Income 2017: -$402017

Highlighted filing

2017

Revenue$148,647
Expenses$148,687
Net Income-$40

Filings

Latest Detailed Filing

The latest 2017 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jan 12, 2017
Return Version
2015v3.0
Gross Receipts
$153,326
Mission and Program Overview

Mission

The risk management association (rma), an affiliate driven professional association, helps banking and non-banking institutions identify and manage the impacts of credit risk, operational risk, and market risk on their businesses and customers. This goal is achieved through education, research, networking, and leadership opportunities.

Risk management education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$185,692$186,439▲ $747
Rtn Earn Endowment Incm Other Fnds$180,577$181,419▲ $842
Cash and Non-Interest-Bearing Accounts$30,103$19,724▼ $10,379
Prepaid Expenses and Deferred Charges$1,685$1,828▲ $143
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$217,480$207,991▼ $9,489
Liabilities
Deferred Revenue$32,841$19,000▼ $13,841
Accounts Payable and Accrued Expenses$4,062$7,572▲ $3,510
Total Liabilities$36,903$26,572▼ $10,331
Net Assets / Fund Balance
Total Net Assets Fund Balance$180,577$181,419▲ $842
Total Liabilities and Net Assets / Fund Balance$217,480$207,991▼ $9,489
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark HengelPast President
Kelly LindahlPresident
Julie KleinVICE PRESIDENT, CHAIR: PROGRAMMING
Andy DischDirector
Erin ProckoDirector
Jamie DosdallDirector
Kristin EricksonDirector
Lesley FarmerDirector
Tiffany WhiteDirector
Tim ColbergDirector
Todd SharkeyDirector
Brett LawrenceSecretary
Jenny SenecalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$118,773
Investment Income
$283
Other Revenue
$6,447
Change in Net Assets
$842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,661
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---$52,085
Fees for Services Accounting---$4,872
Fees for Services Other---$4,202
Office Expenses---$1,981
Insurance---$1,465
Occupancy---$1,218
Other Expenses---$311
Total Functional Expenses$0$0$0$124,661
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,325
Fundraising Direct Expenses$27,823
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Yp Event$22,667$22,667$10,134$12,533
WOMEN'S FORUM$5,496$5,496$2,528$2,968
Total Events$28,163$28,163$27,823$340
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Section 527 Activity Spending$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 is presented to governing body for approval before filing.

Form 990, Part VI, Section C, Line 19

The financial statements and governing documents of the organization are available to the public upon request by contacting the organization's treasurer. The organization does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Minnesota Chapter of Rma
EIN
51-0172308
Phone
6123886387
Address
PO BOX 270924, GOLDEN VALLEY, MN 55427

Signing Officer

Name
Jenny Senecal
Title
Treasurer
Phone
6123886387
Signed
2017-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Senecal
Formed
1926
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
35

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Matt Stowell
Phone
6123764500
Raw XML Appendix365 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
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT, CHAIR: PROGRAMMING
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010134
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02528
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03320
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt01050
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04370
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO GOVERNING BODY FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST BY CONTACTING THE ORGANIZATION'S TREASURER. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt026572
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0180577
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0181419
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0118773
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06730
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0118773
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0125503
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt035
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 270924
IRS990/USAddress/CityNm0GOLDEN VALLEY
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055427
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.RMA-MN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNY SENECAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06123886387
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA CHAPTER OF RMA
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0510172308
ReturnHeader/Filer/PhoneNum06123886387
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 270924
ReturnHeader/Filer/USAddress/CityNm0GOLDEN VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055427
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATT STOWELL
ReturnHeader/ReturnTs02017-01-12T10:02:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

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