Risk and Insurance Management Society Inc-li Chapter

Nonprofit profile at a glance

EIN
311594757
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025
Location
Plainview, NY, USA
Phone
5168049938
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$22,810
Expenses
$48,242
Assets
$43,714

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JOSEPH CORIGLIANO (PRESIDENT)

People named in this filing

  • JOSEPH CORIGLIANO (PRESIDENT)
  • SUE WEINGAST (VICE PRESIDE)
  • GREGORY MONTENEGRO (TREASURER)

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

The risk insurance management society (rims) and its local chapters provide education to its members in the field of risk management and insurance, through educational programs. In addition to providing funding to risk management schools, and organizations like spencer and to raise funds for needed charitable institutions.

What it reported doing in 2025

Consistent with its mission to educate and support professionals in the fields of risk management and insurance, the risk and insurance management society inc. (rims) provides ongoing opportunities for learning and engagement. Through targeted seminars and educational initiatives, rims updates members on critical topics such as cybersecurity, workers compensation, and broader industry developments, fostering professional growth and advancing the practice of risk management.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 23
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 75.1%; rating input score 75

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -111.5%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 45; 45th 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: 66.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -19.4% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -14.5% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 75.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $36K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 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.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.