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Organizations The Risk Management Association

The Risk Management Association

Fiscal year ending 2020. Filed on March 22, 2021.

1801 Market Street No 300
Philadelphia, Pennsylvania 19103

The Risk Management Association (EIN: 23-0892360) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2020 IRS Form 990 filing, The Risk Management Association, a 501(c)(6) business league, reported compensation for 15 out of 102 total employees. Among the employees shown here, the average compensation is $321,354. The highest compensated employee at The Risk Management Association is Nancy J Foster with fiscal year 2020 compensation of $944,913.

Revenue, expenses, and employee compensation

Revenue

$22,291,271

Expenses

$22,283,321

Employee compensation

$12,510,600
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Nancy J Foster
President and Chief Executive Officer
$944,913
$787,287 No related comp$157,626
Edward Demarco
Secretary
$582,095
$431,168 No related comp$150,927
Heidi Turley
Former Treasurer
$374,578
$299,370 No related comp$75,208
Francis Garritt
Director
$336,253
$231,058 No related comp$105,195
William Loftus
Director
$317,141
$257,021 No related comp$60,120
Mark A Zmiewski
Director
$317,031
$169,814 No related comp$147,217
Cynthia L McBride
Director
$308,076
$220,028 No related comp$88,048
John Baier
Manager
$294,041
$165,526 No related comp$128,515
William Truscott
Manager
$258,884
$162,097 No related comp$96,787
Frank mc Shay
Former Director
$221,038
$133,985 No related comp$87,053
Linda O'Loughlin
Former Director
$217,734
$176,844 No related comp$40,890
Mark Shafer
Former Director
$199,154
$174,250 No related comp$24,904

Benchmark Employee Compensation

Non-Employee Board Members

Ajai Bambawale
Director
Amanda Norton
Director
Amy Wiles
Director
Benjamin Genek
Director
Brian D Hughes
Director
Daniel D Callahan
Director
David P Shevsky
Director
Edward P Schreiber
Former Chair
Eric Baxley
Director
Glenn Horner
Director
Jeffrey Bajek
Director ex officio
Jodi Richard
Director

Contractors

Ernst & Young US LLP
Consulting
$671,250
Allen Communications
Consulting
$410,565
TMA Resource
Consulting
$387,749
Xerox Corporation
Printing
$283,726
Taum Corporation
Consulting
$265,485

Mission Statement

RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY.

Revisions to this organization profile

May 13, 2025:
2023 The Risk Management Association 990 filed
July 17, 2023:
2022 The Risk Management Association 990 filed
July 15, 2022:
2021 The Risk Management Association 990 filed

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