Municipal Risk Management Inc.
Municipal Risk Management Inc.
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About this organization
Revenue
$1,582,944
Expenses
$1,545,319
Mission
Municipal Risk Management, Inc. (MRM) is a nonstock, nonprofit corporation. It began operations on January 1, 1982, to provide an organization and method whereby municipalities, Pennsylvania municipal authorities, and other tax-exempt governmental agencies may jointly cooperate in the exercise or in the performance of their permitted governmental functions, powers or responsibilities related to providing protection from liability for workmen's compensation insurance through a municipal safety group concept. The concept is designed to reduce injuries, reduce costs and provide savings and dividends to members with good claims record.
About
The program administered by MRM Inc. has returned to its member governments over $8.2 million in dividends. This has resulted in significantly lower net costs for worker's compensation for these governments and their taxpayers.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “Municipal risk management, inc. was created to save municipal taxpayer funds by pooling the premiums of the statutory, tax-exempt municipal entities in pennsylvania to appropriately pay all statutorily-required coverage, to reduce member costs and expenses through effective loss control programs, risk management, fiscal management and other appropriate means to comply with the statutes of the commonwealth and the regulations requiring safer working conditions for all municipal employees and full benefits, all in an effort to reduce claims, reduce premiums and provide the safest work environment.”.
When talking about its functions, they were outlined as: “Municipal risk management, inc. (mrm) is a nonstock, nonprofit corporation. it began operations on january 1, 1982, to provide an organization and method whereby municipalities, pennsylvania municipal authorities, and other tax-exempt governmental agencies may jointly cooperate in the exercise or in the performance of their permitted governmental functions, powers or responsibilities related to providing protection from liability for workmen's compensation insurance through a municipal safety group concept. the concept is designed to reduce injuries, reduce costs and provide savings and dividends to members with good claims record.”.
- The legally reported state of operation for the non-profit is PA.
- According to the filing, the non-profit's address in 2020 is 1603 Carmody Court Ste 403, Sewickley, PA, 15143.
- The non-profit organization as of 2020 has a total of 8 employees reported on their form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $37,625.
- The organization has 9 independent voting members.
- The organization was formed in 1982.
- The organization pays $1,223,913 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.