University Risk Mgt & Ins Assn
Only null% goes to programs Strong reserves Growing revenue
University Risk Mgt & Ins Assn is a 501(c)(6) organization based in Bloomington, Indiana, registered in 2008, with $2,645,796 in FY2024 revenue. CharityIndex grades it B.
116 S Madison St B, Bloomington, IN, 47404 EIN 23-7240485 Since 2008
Revenue (FY2024)
$2.6M
▲ 10.9% vs prior year
Community median: $184K
Expenses (FY2024)
$2.5M
Net assets
$3.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for University Risk Mgt & Ins Assn— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University Risk Mgt & Ins Assn: 18 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for University Risk Mgt & Ins Assn— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University Risk Mgt & Ins Assn: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- 116 S Madison St B, Bloomington, IN, 47404
- City
- Bloomington
- State
- Indiana
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $1.4M (FY2013) to $2.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $824KNet assets $3.7M
Operating margin
4.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.5M
Total liabilities
$824K
Net assets
$3.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,645,796▲10.9% | $2,522,470▲16.0% | $3,685,875▲8.9% | $4,510,348▲9.3% | 990 |
| 2023 | $2,386,068▲20.3% | $2,174,436▲23.6% | $3,385,512▲11.4% | $4,127,221▲10.6% | 990 |
| 2022 | $1,983,190▲50.1% | $1,759,435▲46.1% | $3,038,891▼5.0% | $3,731,941 | 990 |
| 2021 | $1,321,658▲31.4% | $1,204,656▲33.3% | $3,198,247▲16.7% | $3,731,889▲18.1% | 990 |
| 2020 | $1,005,815▼47.4% | $903,943▼46.5% | $2,741,529▲7.4% | $3,160,036▲8.3% | 990 |
| 2019 | $1,911,977▲15.4% | $1,688,675▲12.5% | $2,553,555▲25.6% | $2,919,081▲24.0% | 990 |
| 2018 | $1,656,396▼2.8% | $1,500,516▼5.5% | $2,033,760▼5.1% | $2,354,625▼2.7% | 990 |
| 2017 | $1,704,378▲18.2% | $1,587,879▲16.9% | $2,142,768▲16.3% | $2,420,804▲5.5% | 990 |
| 2016 | $1,441,436▲1.4% | $1,358,198▲2.1% | $1,843,180▲9.5% | $2,295,494▲11.0% | 990 |
| 2015 | $1,422,119▲3.7% | $1,329,896▲25.3% | $1,683,215▼4.9% | $2,068,623▼3.5% | 990 |
| 2014 | $1,371,426▲0.3% | $1,061,191▼12.6% | $1,769,805▲21.8% | $2,143,319▲16.2% | 990 |
| 2013 | $1,367,348 | $1,214,595▲15.8% | $1,453,395▲24.0% | $1,844,235▲38.3% | 990 |
| 2012 | — | $1,048,625▲22.5% | $1,172,526▲26.1% | $1,333,573▲7.0% | 990 |
| 2011 | — | $856,003▼3.5% | $930,075▲22.6% | $1,246,451▲13.2% | 990 |
| 2010 | — | $887,501 | $758,367 | $1,101,117 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is University Risk Mgt & Ins Assn a legitimate nonprofit?
- Yes. University Risk Mgt & Ins Assn is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 23-7240485, based in Bloomington, Indiana.
- What is University Risk Mgt & Ins Assn's EIN?
- University Risk Mgt & Ins Assn's Employer Identification Number (EIN) is 23-7240485.
- How much revenue does University Risk Mgt & Ins Assn report?
- University Risk Mgt & Ins Assn reported $2,645,796 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does University Risk Mgt & Ins Assn have?
- CharityIndex grades University Risk Mgt & Ins Assn B, based on financial health (reserves and operating margin).
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Data for University Risk Mgt & Ins Assn (EIN 23-7240485) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.