Rocky Mountain Insurance Association
- Assets
- $906.5k
- Revenue
- $593.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Parker, CO
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 84-1504383
Organization Overview
Rocky Mountain Insurance Association is located in Parker, CO. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Rocky Mountain Insurance Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Insurance Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Rocky Mountain Insurance Association generated $593.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $452.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC RELATIONS, MEDIA LIAISON RMIIA SERVES AS THE VOICE OF THE PROPERTY AND CASUALTY INSURANCE INDUSTRY IN THE FOUR-STATE AREA OF COLORADO, NEW MEXICO, UTAH, AND WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - MEDIA RELATIONS ACTIVITY & SUPPORT, CONSUMER EDUCATION, INDSUTRY & LEGISLATIVE NETWORKING, STAFF TRAINING AND DEVELOPMENT, AND CONFERENCES AND COMMUNITY PARTNERSHIPS - # SERVED = 32 MEMBER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Walker Executive Director | 40 | $229,369 | |
Melissa Young Treasurer | Trustee | 1 | $0 |
Mike Pavia Member | Trustee | 1 | $0 |
Sarah Hilsendager Member | Trustee | 1 | $0 |
Rob Nash Member | Trustee | 1 | $0 |
Eric Musser Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $584,275 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $584,275 |
| Total Program Service Revenue | $8,913 |
| Investment income | $265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,369 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,349 |
| Payroll taxes | $19,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,196 |
| Advertising and promotion | $0 |
| Office expenses | $411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $824 |
| Insurance | $3,817 |
| All other expenses | $8,068 |
| Total functional expenses | $452,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,582 |
| Savings and temporary cash investments | $493,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $906,543 |
| Accounts payable and accrued expenses | $3,733 |
| Grants payable | $0 |
| Deferred revenue | $317,114 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,329 |
| Total liabilities | $328,176 |
| Net assets without donor restrictions | $578,367 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $906,543 |