Program areas at PRMA
The Association offers an annual summit, a twoday educational conference, to members and nonmembers. The summit provides access to subject matter experts in the highnetworth personal Risk Management niche in general, breakout and roundtable sessions. November 2023 marked the 11th annual summit. Summit attendance has continued to increase year over year.
Setup and maintenance of the organizations website. Promotion and Management of new and renewal memberships. Development and execution of educational and information resources to members. Current offerings include the prma knowledge base which consists of insights webinars, best practices library, and insight surveys each providing members with valuable education information relevant to their daytoday activities. Members get access to "collaborate" the online member only community where members share information and seek help from peers as well as enrollment into geographic chapters allowing members to gain access to experts in their area.
Prma academy offers several educational opportunities for members. The chartered Private Risk and insurance advisor (cpria) certificate is an online certification program specifically developed for professionals in Private Risk Management, cpria aims to broaden knowledge and enable participants to better advise clients and provide them with specialized solutions to complex industry issues. The certification program was launched in may of 2015 and currently has over 400 participants and over 1200 graduates. The advanced chartered Private Risk and insurance advisor (acpria) certification was launched in november of 2018. Each twoyear program provides an opportunity to further participants knowledge and raise their professional profile. In addition to the certification courses the academy offers two ondemand courses on specific topics relevant to Private Risk Management professionals. The introduction to family office Risk Management was launched in june of 2019 and has over 180 graduates. The elements of insuring to value was launched in 2021.
Personnel at PRMA
| Name | Title | Compensation | Date of data |
|---|
| Diane Delaney | Executive Director | $175,000 | 2024-11-19 |
| Chris Goyette | Member Engagement Manager | | 2024-11-19 |
| Kristine Sharp | Membership and Education Manager | | 2024-11-19 |
| Samantha Hennessy | Education Manager | | 2024-11-19 |
| Lindsay Lisa A | Past Executive Director | $110,577 | 2022-12-31 |
| ...and 1 more key personnel |
Financials for PRMA
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $1,610,868 | $1,246,705 | 29.2% |
| Investment income and dividends | $0 | $21 | -100% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,610,868 | $1,246,726 | 29.2% |
Organizations like PRMA
| Organization | Type | Location | Revenue |
|---|
| Consumer Credit Insurance Association | 501(c)(6) | Rocky Mount, NC | $938,971 |
| Surety and Fidelity Association of America (SFAA) | 501(c)(6) | Washington, DC | $5,909,613 |
| New York Thoroughbred Horsemen's Association | 501(c)(6) | Jamaica, NY | $3,256,254 |
| Surplus Lines Association of MN | 501(c)(6) | Mora, MN | $532,749 |
| North Carolina Surplus Lines Association | 501(c)(6) | Raleigh, NC | $6,531,410 |
| Independent Insurance Agents and Brokers of Louisiana (IIABL) | 501(c)(6) | Baton Rouge, LA | $2,023,369 |
| Insurors of Tennessee | 501(c)(6) | Nashville, TN | $2,039,535 |
| Alabama Independent Insurance Agents (AIIA) | 501(c)(6) | Birmingham, AL | $1,600,723 |
| Professional Insurance Agents of Kentucky | 501(c)(6) | Frankfort, KY | $403,571 |
| Independent Insurance Agents of South Dakota | 501(c)(6) | FT Pierre, SD | $848,323 |
Data update history
November 20, 2024
Updated personnel
Identified 8 new personnel
November 19, 2024
Used new vendors
Identified 1 new vendor, including
January 22, 2024
Updated personnel
Identified 8 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Mutual assistance organizationsTrade associationsBusiness and community development organizationsInsurance companies
Issues
Community improvementBusiness and industry
Characteristics
Memberships
General information
- Address
- 1933 N Meacham Rd 450
- Schaumburg, IL 60173
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- County
- Cook County, IL
- Website URL
- privateriskmanagement.org/Â
- Phone
- (847) 517-7225
IRS details
- EIN
- 46-2430573
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2013
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- Y20: Insurance Providers, Services
- NAICS code, primary
- 813910: Trade Associations
- Parent/child status
- Independent
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