University Risk Management and Insurance Association

Nonprofit profile at a glance

EIN
237240485
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bloomington, IN, USA
Phone
8127277130
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$2,645,796
Expenses
$2,522,470
Assets
$4,510,348
Liabilities
$824,473

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • SANDY MITCHELL (PRESIDENT)
  • CRAIG MCALLISTER (PAST PRESIDENT/DIRECTOR)
  • MIGUEL O DELGADO (PRESIDENT-ELECT)
  • MICHELLE SMITH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHELLE SMITH (EXECUTIVE DIRECTOR): $155,866 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To advance the discipline of risk management in higher education.

What it reported doing in 2024

Regional/other education: urmia continued to offer inperson regionally based conferences in the spring of 2024. Locations included louisville, providence, and toronto. Combined we educated 214 persons at these events. These one and two day conferences provide targeted educational sessions as well as professional networking opportunities closer to home. We also continued to offer many virtual programs. We partnered with the university of Texas on their program which yieled 651 participants, 42 of which indicated they were urmia members. Our webinars in 2024 included our best of annual conference webinar series that continues to be popular. Also, our regularly scheduled compliance community meetings as well as our erm roundtable meetings keep many members engaged and focused. New meetings for the professionals of color community, water cooler discussions and urmia colleague connections for member orientation further ensure members are connected to each other. In total, we have had over 3,500 log into live to these programs. We also continue our podcast urmia matters season 4, we've added self-produced, zero additional cost, dynamic content around our main episodes as promotion for conferences. We've had a total of 15,962 listens of 120 total episodes. Tips to ease the property renewal process has become the number one rm topic podcast with 281 listens. Near the top is still season 1, ep 19: compliance risk (238 listens), and season 1, ep 28: title ix review with 238 listens.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 90
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 44th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.7%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 1.79; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: -5.1% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $156K · 17 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.