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Organizations The Risk Management Association

The Risk Management Association

Fiscal year ending 2021. Filed on July 15, 2022.

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 2021 IRS Form 990 filing, The Risk Management Association, a 501(c)(6) business league, reported compensation for 14 out of 110 total employees. Among the employees shown here, the average compensation is $333,579. The highest compensated employee at The Risk Management Association is Nancy J Foster with fiscal year 2021 compensation of $1,041,520.

Revenue, expenses, and employee compensation

Revenue

$22,605,623

Expenses

$22,030,357

Employee compensation

$13,754,249
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Nancy J Foster
President and Chief Executive Officer and Director
$1,041,520
$764,064 No related comp$277,456
Edward Demarco
Corporate Secretary, CAO
$661,168
$554,122 No related comp$107,046
Eric Baxley
Chief Marketing Officer
$417,054
$378,518 No related comp$38,536
Francis Garritt
Director of Securities Lending and Market RISK
$404,558
$337,670 No related comp$66,888
Brian Weiss
Chief Strategy Officer
$356,762
$316,476 No related comp$40,286
William Loftus
Relationship Manager
$301,666
$263,708 No related comp$37,958
Cynthia L McBride
Former Director of PD and Academic
$294,472
$264,176 No related comp$30,296
Jonathan Star
Chief Technology Officer
$224,854
$192,928 No related comp$31,926
William Truscott
Relationship Manager
$202,729
$163,557 No related comp$39,172
Joseph Ciccione
SR Project MGR
$185,635
$174,041 No related comp$11,594
John Baier
Relationship Manager
$184,469
$167,094 No related comp$17,375
Brian Long
Chief Financial Officer
$148,917
$136,137 No related comp$12,780

Benchmark Employee Compensation

Non-Employee Board Members

Ajai Bambawale
Director
Amanda Norton
Director
Amy Wiles
Director
Benjamin Genek
Director
Brian D Hughes
Director
Crystal Humphreys
Director
Daniel D Callahan
Director
David P Shevsky
Director
Glenn Horner
Director
Jodi Richard
Treasurer
John L D'Angelo
Director
John McNamara
Director

Contractors

TMA Resource
Hosting and Maintenance
$432,943
Taum Corporation
Consulting
$281,455
Method Savvy LLC
Consulting
$198,000
Marcato Advisors LLC
Consulting
$183,397
Ernst & Young US LLP
Consulting
$142,837

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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