Civic Intelligence

The Minnesota Chapter of the Risk Management Association

EIN 82-2999422 • 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. We achieve this goal 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

76th percentile

0.11x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.20x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

57th percentile

4.4%

Higher net margin than 57% 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

57th percentile

2.3%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

79th percentile

22%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Up

$229,304

Up $5,145 (+2.3%) from 2023

Liabilities

Down

$26,154

Down $628 (-2.3%) from 2023

Net Assets

Up

$203,150

Up $5,773 (+2.9%) from 2023

Revenue

Up

$130,997

Up $23,940 (+22%) from 2023

Expenses

Up

$125,224

Up $12,647 (+11%) from 2023

Net Income

Up

$5,773

Up $11,293 (+205%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $210,453Liabilities 2018: $29,2212018Assets 2019: $207,226Liabilities 2019: $27,022Net Assets 2019: $180,2042019Assets 2020: $215,251Liabilities 2020: $22,884Net Assets 2020: $192,3672020Assets 2021: $232,212Liabilities 2021: $24,379Net Assets 2021: $207,8332021Assets 2022: $236,113Liabilities 2022: $33,216Net Assets 2022: $202,8972022Assets 2023: $224,159Liabilities 2023: $26,782Net Assets 2023: $197,3772023Assets 2024: $229,304Liabilities 2024: $26,154Net Assets 2024: $203,1502024

Highlighted filing

2024

Assets$229,304
Liabilities$26,154
Net Assets$203,150

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2018: $156,127Expenses 2018: $155,394Net Income 2018: $7332018Revenue 2019: $141,303Expenses 2019: $142,331Net Income 2019: -$1,0282019Revenue 2020: $135,087Expenses 2020: $122,924Net Income 2020: $12,1632020Revenue 2021: $79,022Expenses 2021: $63,556Net Income 2021: $15,4662021Revenue 2022: $114,985Expenses 2022: $119,921Net Income 2022: -$4,9362022Revenue 2023: $107,057Expenses 2023: $112,577Net Income 2023: -$5,5202023Revenue 2024: $130,997Expenses 2024: $125,224Net Income 2024: $5,7732024

Highlighted filing

2024

Revenue$130,997
Expenses$125,224
Net Income$5,773

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Nov 22, 2024
Return Version
2023v5.0
Gross Receipts
$130,997
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. We achieve this goal through education, research, networking, and leadership opportunities.

Program Services

DescriptionGrantsExpenses
TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AS WELL AS ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. EACH YEAR THE RMA MINNESOTA CHAPTER OFFERS THE COMMERCIAL LENDING ACADEMY. SINCE THE PROGRAM'S INCEPTION, OVER 300 LENDERS, CREDIT ANALYSTS AND FINANCIAL INDUSTRY PROFESSIONALS FROM MORE THAN 65 INSTITUTIONS IN THE MIDWEST HAVE GRADUATED FROM THE ACADEMY. OUR PROGRAM PROVIDES A COMPREHENSIVE OVERVIEW TO THE VARIOUS ASPECTS OF THE COMMERCIAL LOAN UNDERWRITING AND MANAGEMENT PROCESS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDY DISCHDirector-$0--
ROBIN TURNERDirector-$0--
TODD SHARKEYDirector-$0--
BRETT LAWRENCEDirector-$0--
PAUL DRAPERVice Preside-$0--
PAULA WILLIAMSTreasurer-$0--
RYAN NELSONPresident-$0--
HEATHER RACHELDirector-$0--
NICOLE KNUTSONDirector-$0--
DAN RYANDirector-$0--
JASON NOBLESecretary-$0--
Filing and Contact Details

Filer

Filer Name
The Minnesota Chapter of the Risk
EIN
82-2999422
Phone
6513040010
Address
PO BOX 270924, GOLDEN VALLEY, MN 55427

Signing Officer

Name
Paula Williams
Title
Treasurer
Phone
6513040010
Signed
2024-11-22
Discuss with paid preparer
Yes

Preparer

Firm
Murry & Associates LLC
Address
7575 GOLDEN VALLEY RD STE 119, GOLDEN VALLEY, MN 55427
Preparer
Morgan Wallace-johnson
Phone
7635469340
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses board meeting 14 travel & conference fees 2,999 insurance 1,565 recognition awards 500 facilities charge 25,155 instructor fees 33,903 materials 2,949 meals & refreshments 15,201 miscellaneous 1,603 student outreach awards 4,000 yp program expenses 889 administrative services 18,016 bank charges 1,140 merchant services 5,456 rounding 3 total 113,393

Form 990-ez, Part II, Line 24

Accounts receivable 1,330 0 prepaid expenses and deferred charges 784 2,284 total 2,114 2,284

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,021 2,766 deferred revenue 24,761 23,388

Form 990-ez, Part III

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. We achieve this goal through education, research, networking, and leadership opportunities.

Form 990-ez, Part III, Line 28

To advance sound risk principles in the financial services industry to improve institutional performance and financial stability, as well as enhance the risk competency of individuals through information, education, peer sharing, and networking. Each year the rma minnesota chapter offers the commercial lending academy. Since the program's inception, over 300 lenders, credit analysts and financial industry professionals from more than 65 institutions in the midwest have graduated from the academy. Our program provides a comprehensive overview to the various aspects of the commercial loan underwriting and management process.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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. WE ACHIEVE THIS GOAL THROUGH EDUCATION, RESEARCH, NETWORKING, AND LEADERSHIP OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AS WELL AS ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. EACH YEAR THE RMA MINNESOTA CHAPTER OFFERS THE COMMERCIAL LENDING ACADEMY. SINCE THE PROGRAM'S INCEPTION, OVER 300 LENDERS, CREDIT ANALYSTS AND FINANCIAL INDUSTRY PROFESSIONALS FROM MORE THAN 65 INSTITUTIONS IN THE MIDWEST HAVE GRADUATED FROM THE ACADEMY. OUR PROGRAM PROVIDES A COMPREHENSIVE OVERVIEW TO THE VARIOUS ASPECTS OF THE COMMERCIAL LOAN UNDERWRITING AND MANAGEMENT PROCESS.
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