Massachusetts Risk and Insurance Management Society Inc
Nonprofit profile at a glance
- EIN
- 237236362
- IRS 990-EZ coverage
- 2014–2025
- Forms available
- Form 990-EZ 2025
- Location
- Boston, MA, USA
- Phone
- 6175528010
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $52,813
- Expenses
- $38,806
- Assets
- $245,947
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- David Hershey (President)
- Kara Wordell (Vice President)
People named in this filing
- David Hershey (President)
- Anastos Chiavaras (Treasurer)
- Kara Wordell (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide educational opportunities for Risk Mgmt. Professionals
What it reported doing in 2025
Full day annual conference - educational programs designed to increaseawareness of current risk mgmt topics and provide continuingeducation opportunities for chapter members.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 19
- Transparency & Controls: 82
- Sustainability: 68
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.2%; rating input score 30
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 26.5%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 6.34; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 30.2% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.