2015-05-12T08:28:46-05:00 2014-08-31 420714325 MCGLADREY LLP 751 ARBOR WAY SUITE 200 BLUE BELL PA 19422 990 2013-09-01 230892360 THE RISK MANAGEMENT ASSOCIATION RISK 2154464023 1801 MARKET STREET NO 300 PHILADELPHIA PA 191031628 DWIGHT OVERTURF CFO 2154464000 2015-05-12 1 CHRISTOPHER M PEKULA P00734965 2156418600 2013 2016-03-07 17:11:31Z WILLIAM F GITHENS CRC 1801 MARKET STREET NO 300 PHILADELPHIA PA 191031628 28976053 0 X WWW.RMAHQ.ORG X 1921 PA RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY.RMA HELPS OUR MEMBERS USE SOUND RISK PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AND ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. 25 24 94 0 194194 0 0 0 23856343 25016412 1129076 1351897 0 0 24985419 26368309 0 0 0 0 10471181 11567155 0 0 0 12023856 13216109 22495037 24783264 2490382 1585045 33810119 39850176 14791272 16461400 19018847 23388776 X RMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY.RMA HELPS OUR MEMBERS USE SOUND RISK PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AND ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. 0 0 WEB-BASED TRAINING PRODUCTS TRAINING EVENTS - SEMINARS SPONSORED AT VARIOUS DOMESTIC AND INTERNATIONAL LOCATIONS THROUGHOUT THE YEAR. CONFERENCES AND ROUND TABLES - CREDIT RISK, OPERATIONAL RISK, MARKET RISK AND SECURITIES LENDING CONFERENCES AND PEER SHARING MEETINGS HELD EACH YEAR. PUBLICATIONS - CREDIT RISK, COMMERCIAL BANKING, MARKET RISK, OPERATIONAL RISK AND SECURITIES LENDING PUBLICATIONS, NEWSLETTERS AND MONTHLY MAGAZINES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 84 0 1 94 1 1 1 1 CA UK 0 0 0 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X VIRA RILEY CONTROLLER 2154464040 1801 MARKET STREET STE 300 PHILADELPHIA PA 19103 WILLIAM F GITHENS CRC PRESIDENT & CEO 40.00 X X 710539 0 134663 M ROBERT ROSE IMMEDIATE PAST CHAIR 2.00 X 0 0 0 NANCY J FOSTER VICE CHAIR 2.00 X 0 0 0 ROBERT R MESSER DIRECTOR 2.00 X 0 0 0 MICHAEL J LOUGHLIN CHAIR 2.00 X 0 0 0 KAREN BJELLAND DIRECTOR 2.00 X 0 0 0 BOB L CASTON JR DIRECTOR 2.00 X 0 0 0 MORTEN N FRIIS DIRECTOR 2.00 X 0 0 0 GAIL JENSEN-BIGKNIFE CRC DIRECTOR 2.00 X 0 0 0 J TOL BROOME JR CRC DIRECTOR 2.00 X 0 0 0 HELGA HOUSTON DIRECTOR 2.00 X 0 0 0 RUSSELL T PLAYFORD DIRECTOR 2.00 X 0 0 0 EDWARD P SCHREIBER DIRECTOR 2.00 X 0 0 0 CYNTHIA G MANZETTI DIRECTOR 2.00 X 0 0 0 JASON P STROFS CFA DIRECTOR 2.00 X 0 0 0 YOUSEF VALINE DIRECTOR 2.00 X 0 0 0 TERRIE L MCQUILLEN DIRECTOR 2.00 X 0 0 0 MARK W MIDKIFF DIRECTOR 2.00 X 0 0 0 STEPHEN PHILLIPS CPA DIRECTOR 2.00 X 0 0 0 JM RIGBY DIRECTOR 2.00 X 0 0 0 DONALD K TRUSLOW DIRECTOR 2.00 X 0 0 0 KEVIN D ODEN DIRECTOR 2.00 X 0 0 0 SPYRO KARETSOS DIRECTOR 2.00 X 0 0 0 P EMERY COVINGTON DIRECTOR 2.00 X 0 0 0 EDWARD B POLLOCK DIRECTOR 2.00 X 0 0 0 EDWARD DEMARCO SECRETARY 40.00 X 404790 0 107788 DWIGHT OVERTURF TREASURER 40.00 X 261667 0 11621 MARK A ZMIEWSKI DIRECTOR 40.00 X 222528 0 32230 CYNTHIA L MCBRIDE DIRECTOR 40.00 X 228409 0 60208 JAMES M NELSON DIRECTOR 40.00 X 217474 0 62538 CHRISTOPHER KUNKLE DIRECTOR 40.00 X 206721 0 73682 MARK SHAFER DIRECTOR 40.00 X 213620 0 73424 LINDA O'LOUGHLIN DIRECTOR 40.00 X 223037 0 76540 JACK HARCOURT DIRECTOR 40.00 X 207070 0 61258 JEFFREY T THORMAN MANAGER 40.00 X 185122 0 18052 JOHN P BAIER MANAGER 40.00 X 153640 0 -13330 LAURA W RIDNER MANAGER 40.00 X 147903 0 26011 WILLIAM TRUSCOTT MANAGER 40.00 X 139442 0 16485 LAURIE A FOSTER MANAGER 40.00 X 126075 0 14691 3648037 0 755861 28 0 1 0 OPERATIONAL RISK ADVISORS LLC 50 OLD ORCHARD PARK FAIRFIELD CT 06824 CONSULTING 199444 GARDNER ASSOCIATES 76 MADISON TERRACE ROCHESTER NY 14617 TRAINING AND CONSULTING 189350 CBIZ MHM LLC 401 PLYMOUTH RD STE 200 PLYMOUTH MEETING PA 19462 CONSULTING 184563 CAROL F DOERINGER 3782 DAMAL DRIVE ALLEGAN MI 49010 TRAINING AND CONSULTING 162003 1800ADMIN LLC 22522 WELBORN MANOR SQ ASHBURN VA 20148 CONSULTING 117500 5 CONFERENCES AND EVENTS 900099 8561621 8561621 PUBLICATIONS 541800 7962555 7768361 194194 MEMBERSHIP DUES 900099 7958534 7958534 ASSOCIATION PRODUCTS 900099 533702 533702 25016412 1102904 1102904 2856737 2607744 248993 248993 248993 26368309 24822218 194194 1351897 X 2943271 4068532 1085148 2945658 524546 42355 59110 2673293 290397 1325519 988055 2246347 810745 1295003 2959736 4 348983 120151 PROFESSIONAL DEVELOPMEN 40407 PROFESSIONAL DUES/ASSOC 11048 LICENSES 4956 24783264 831270 1032974 3917983 5733972 1322377 1426443 29648 64028 683851 503056 2330101 1898476 653383 431625 26371607 30658078 33810119 39850176 5849662 6884342 8837206 9500831 104404 76227 14791272 16461400 X 19018847 23388776 19018847 23388776 33810119 39850176 1585045 2784884 0 X X 0 1 X 1 0 226227 137359 88868 2103874 1761117 342757 431625 FIXED INCOME - MUTUAL FUNDS 11796913 F EQUITY - MUTUAL FUNDS 18861165 F 30658078 OTHER 76227 76227 X 29153193 2784884 2784884 26368309 0 26368309 24783264 0 24783264 0 24783264 PART X, LINE 2: RMA HAS QUALIFIED FOR A TAX EXEMPTION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. RMA IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS EARNINGS. RMA HAD NO FEDERAL UNRELATED BUSINESS INCOME TAX EXPENSE FOR THE YEARS ENDED AUGUST 31, 2014 AND 2013. UNDER FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED RMA'S TAX POSITIONS AND CONCLUDED THAT RMA HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, RMA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS ENDING BEFORE AUGUST 31, 2011. EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONFERENCES, TRAINING EVENTS AND PUBLICATIONS 347415 EUROPE PROGRAM SERVICES CONFERENCES, TRAINING EVENTS AND PUBLICATIONS 244710 0 0 0 0 0 0 592125 0 592125 0 0 0 0 0 0 X X X 0 1 0 WILLIAM F GITHENS CRC PRESIDENT & CEO 378681 0 325000 0 6858 0 106356 0 28307 0 845202 0 0 0 EDWARD DEMARCO SECRETARY 273824 0 130000 0 966 0 80331 0 27457 0 512578 0 0 0 DWIGHT OVERTURF TREASURER 179603 0 80000 0 2064 0 7995 0 3626 0 273288 0 0 0 MARK A ZMIEWSKI DIRECTOR 151484 0 70000 0 1044 0 12373 0 19857 0 254758 0 0 0 CYNTHIA L MCBRIDE DIRECTOR 182852 0 45000 0 557 0 50192 0 10016 0 288617 0 0 0 JAMES M NELSON DIRECTOR 147125 0 65000 0 5349 0 43220 0 19318 0 280012 0 0 0 CHRISTOPHER KUNKLE DIRECTOR 150941 0 55000 0 780 0 56348 0 17334 0 280403 0 0 0 MARK SHAFER DIRECTOR 151814 0 60000 0 1806 0 45073 0 28351 0 287044 0 0 0 LINDA O'LOUGHLIN DIRECTOR 150265 0 70000 0 2772 0 62567 0 13973 0 299577 0 0 0 JACK HARCOURT DIRECTOR 148818 0 55000 0 3252 0 59310 0 1948 0 268328 0 0 0 JEFFREY T THORMAN MANAGER 177735 0 7000 0 387 0 11050 0 7002 0 203174 0 0 0 LAURA W RIDNER MANAGER 141453 0 6000 0 450 0 15994 0 10017 0 173914 0 0 0 WILLIAM TRUSCOTT MANAGER 134265 0 4000 0 1177 0 -6058 0 22543 0 155927 0 0 0 PART I, LINE 4B WILLIAM F. GITHENS - $135,000 EDWARD DEMARCO - $60,000 DWIGHT OVERTURF - $40,000 MARK A. ZMIEWSKI - $40,000 CYNTHIA L. MCBRIDE - $35,000 JAMES M. NELSON - $35,000 CHRISTOPHER KUNKLE - $30,000 MARK SHAFER - $35,000 LINDA O'LOUGHLIN - $40,000 JACK HARCOURT - $35,000 FRANK MCSHAY - $30,000 FORM 990, PART VI, SECTION A, LINE 6 CLASSES A. INSTITUTIONAL MEMBERS. B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A CLASSES A. INSTITUTIONAL MEMBERS. B. INDIVIDUAL MEMBERS PRIVILEGES OF MEMBERSHIP A. INSTITUTIONAL MEMBERS - VOTING. INSTITUTIONAL MEMBERS SHALL BE ENTITLED TO ONE VOTE AT EVERY MEETING OF INSTITUTIONAL MEMBERS B. PRIVILEGES OF INDIVIDUAL MEMBERS. INDIVIDUAL MEMBERS SHALL BE ENTITLED TO ATTEND MEETINGS; TO HOLD ELECTIVE OR APPOINTIVE OFFICE; TO SERVE ON COUNCILS AND COMMITTEES; TO RECEIVE COMMUNICATIONS, INFORMATION AND SELECTED PUBLICATIONS DISSEMINATED BY THE HEADQUARTERS OFFICE; AND TO ENJOY ALL OTHER RIGHTS PRIVILEGES OF ASSOCIATION MEMBERSHIP, EXCEPT NO ASSOCIATE OR OTHER INDIVIDUAL MEMBER SHALL HAVE ANY PERSONAL RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B ANY GOVERNANCE DECISIONS ARE REFERRED TO THE GOVERNING BODY WITH THE EXCEPTION OF CHANGES TO THE BY-LAWS, WHICH WOULD GO OUT OT THE FULL MEMBERSHIP FOR VOTE FORM 990, PART VI, SECTION B, LINE 11 ASSISTANT CONTROLLER REVIEWS/APPROVES THE EXTERNALLY PREPARED FORM 990 AND FORWARDS IT TO CFO-TREASURER. AFTER THE CFO REVIEWS/APPROVES IT, THE 990 IS FORWARDED TO CEO FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY'S ETHICS AND CONFLICT OF INTEREST POLICY IS AVAILABLE TO ALL STAFF MEMBERS IN BOTH PAPER AND ELECTRONIC VERSION. ALL NEW EMPLOYEES ARE GIVEN A PAPER VERSION OF ALL POLICIES AND SIGN THAT THEY HAVE RECEIVED THOSE. THE ETHICS AND CONFLICT OF INTEREST POLICY PRECLUDES STAFF FROM ACCEPTING ANY GIFT IN EXCESS OF A $50 VALUE. SINCE THIS IS THE AREA THAT IS MOST LIKELY TO BE CONFRONTED IN THE CONTEXT OF STAFF PERFORMING THEIR DUTIES, THE CEO REGULARLY REMINDS STAFF OF THE POLICY. THESE REMINDERS ARE TIMED TO COINCIDE WITH HOLIDAYS AND WITH TIMES WHEN THE COMPANY IS PURCHASING A LARGE AMOUNT OF SERVICES/PRODUCT FROM ITS VENDORS. THE ETHICS AND CONFLICT OF INTEREST POLICY ALSO REQUIRES THAT EACH STAFF MEMBER SHALL MAKE PROMPT AND FULL DISCLOSURE IN WRITING TO THEIR MANAGER/SUPERVISOR OF ANY POTENTIAL SITUATION WHICH MAY INVOLVE A CONFLICT OF INTEREST. THESE SITUATIONS INCLUDE THE FOLLOWING: OWNERSHIP BY A STAFF MEMBER OR BY A MEMBER OF THEIR FAMILY OF A SIGNIFICANT INTEREST IN ANY OUTSIDE ENTERPRISE WHICH DOES OR SEEKS TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION: SERVING AS A DIRECTOR, OFFICER, PARTNER, CONSULTANT, OR IN A MANAGERIAL OR TECHNICAL CAPACITY WITH AN OUTSIDE ENTERPRISE WHICH DOES OR IS SEEKING TO DO BUSINESS WITH OR IS A COMPETITOR OF THE ASSOCIATION. EXCEPTIONS TO THIS CAN BE APPROVED BY THE CHIEF EXECUTIVE OFFICER OF RMA. NO REQUESTS FOR EXCEPTIONS HAVE BEEN APPROVED BY THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AT A SPECIAL MEETING CONVENED ANNUALLY IN AUGUST. COMPARABILITY DATA IS MADE AVAILABLE TO THE COMMITTEE WHICH INCLUDES 990 REPORTED INFORMATION FOR OTHER ASSOCIATIONS THAT SERVE THE INDUSTRY. NO MEMBER OF THE MEMBERS DELIBERATING ON CEO COMPENSATION IS COMPENSATED FOR SERVING ON THE BOARD OR ITS SUBCOMMITTEE. THE MEMBERS REVIEW AND APPROVE CEO COMPENSATION INDEPENDENT OF THE CEO. THE DIRECTOR OF ORGANIZATIONAL DEVELOPMENT IS PRESENT FOR THE REVIEW AND APPROVAL AND SUBSEQUENTLY IS AUTHORIZED IN WRITING TO EFFECT ANY COMPENSATION ACTIONS. THE CHAIR OF THE BOARD OF DIRECTORS COMMUNICATES COMPENSATION ACTIONS TO THE CEO. THE MEETING OF THE EXECUTIVE COMMITTEE AND ANY DECISION TO EFFECT A CHANGE IN COMPENSATION IS SUBSTANTIATED CONTEMPORANEOUSLY BOTH IN A COMMUNICATION SIGNED BY THE CHAIR AND SENT TO THE DIRECTOR OF ORGANIZATIONAL DEVELOPMENT AND FURTHER DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS' MINUTES. THE CEO DETERMINES AND APPROVES COMPENSATION FOR KEY EMPLOYEES WHO REPORT DIRECTLY TO HIM. COMPENSATION IS WITHIN THE GUIDELINES APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE ANNUAL BUDGET. ANNUALLY THE ORGANIZATION DETERMINES ITS MERIT INCREASE POOL WHICH IS EXPRESSED AS A RANGE OF PERCENTAGES OF SALARY AND IS ADMINISTERED AS A PAY FOR PERFORMANCE COMPENSATION PHILOSOPHY. THE CEO APPORTIONS THE MERIT INCREASE POOL ACCORDING TO RELATIVE PERFORMANCE CONTRIBUTIONS AND TAKING INTO CONSIDERATION WHERE THE INDIVIDUAL IS CURRENTLY COMPENSATED WITHIN HIS/HER SALARY RANGE. THE CEO PROVIDES THE TOTAL COMPENSATION FOR EACH OF THE KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW EACH AUGUST. THE COMPANY'S SALARY RANGES ARE DETERMINED AND SET BASED ON COMPARABLE SALARIES IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. THE SALARY RANGES FOR POSITIONS ARE BENCHMARKED PERIODICALLY BY AN INDEPENDENT THIRD-PARTY. THE BENCHMARKING CONSIDERS COMPARABLE POSITIONS IN THE INDUSTRY SERVED, NONPROFIT ORGANIZATIONS AND GEOGRAPHIC LOCATION. ALL KEY EMPLOYEE POSITIONS ARE ASSIGNED A SALARY GRADE AND EACH SALARY GRADE HAS A MINIMUM AND MAXIMUM SALARY ASSOCIATED WITH IT. FORM 990, PART VI, SECTION C, LINE 19 RMA GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE POSTED ON THE RMA WEBSITE AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS - EUROPE 152,624. CONSULTANTS - MARKETING 46,620. CONSULTANTS - HR SERVICES 5,500. CONSULTANTS - OTHER 2,468,549. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, ITEM K THE RISK MANAGEMENT ASSOCIATION WAS ORIGINALLY ESTABLISHED AS AN ASSOCIATION IN 1914. THE RISK MANAGEMENT ASSOCIATION WAS LATER INCORPORATED IN 1921.