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Employer Identification Number 56-1619182

RISK ACCEPTANCE MANAGEMENT CORPORATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:RISK ACCEPTANCE MANAGEMENT CORPORATION
Employer identification number (EIN):56-1619182
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationNorth Carolina, NC

Organization Overview

Mission StatementRISK ACCEPTANCE MANAGEMENT CORPORATION ("RAMCO") IS A NOT-FOR-PROFIT ORGANIZATION WHICH PROVIDES CLAIMS-RELATED SERVICES, CLAIMS ADMINISTRATION AND CLAIMS RESERVE FUNDING FOR THE CITY OF WINSTON-SALEM.
Number of Employees0
Number of Volunteers7
Year Formed1988

Organization Governance

Legal DomicileNC
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-01-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,130,735
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,909,940
Investment Income from current yearUSD $ 4,248,054
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,378,244
Net assets / fund balances at end of fiscal yearUSD $ 0
Net assets / fund balances at beginning of fiscal yearUSD $ 44,072,415
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 9,776,549
Total assets at end of fiscal yearUSD $ 0
Total assets at beginning of fiscal yearUSD $ 53,848,964
Revenues less expenses for current yearUSD $ -40,183,897
Revenues less expenses for previous yearUSD $ 1,321,335
Total expenses for current yearUSD $ 44,431,951
Total expenses for previous yearUSD $ 3,719,340
Other expenses in current yearUSD $ 832,995
Other expenses in previous yearUSD $ 3,719,340
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 43,598,956
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,248,054
Total revenue in previous fiscal yearUSD $ 5,040,675
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,108,560
Program Service Revenue from current yearUSD $ 1,130,735
Investment Income from prior yearUSD $ 1,438,628
Investment Income from current yearUSD $ 3,909,940
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 5,040,675
Net assets / fund balances at end of fiscal yearUSD $ 44,072,415
Net assets / fund balances at beginning of fiscal yearUSD $ 34,034,634
Total liabilities at end of fiscal yearUSD $ 9,776,549
Total liabilities at beginning of fiscal yearUSD $ 6,725,956
Total assets at end of fiscal yearUSD $ 53,848,964
Total assets at beginning of fiscal yearUSD $ 40,760,590
Revenues less expenses for current yearUSD $ 1,321,335
Revenues less expenses for previous yearUSD $ 712,368
Total expenses for current yearUSD $ 3,719,340
Total expenses for previous yearUSD $ 1,834,820
Other expenses in current yearUSD $ 3,719,340
Other expenses in previous yearUSD $ 1,834,820
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 5,040,675
Total revenue in previous fiscal yearUSD $ 2,547,188
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,086,820
Program Service Revenue from current yearUSD $ 1,108,560
Investment Income from prior yearUSD $ 1,907,593
Investment Income from current yearUSD $ 1,438,628
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,547,188
Net assets / fund balances at end of fiscal yearUSD $ 34,034,634
Net assets / fund balances at beginning of fiscal yearUSD $ 34,299,876
Total liabilities at end of fiscal yearUSD $ 6,725,956
Total liabilities at beginning of fiscal yearUSD $ 6,522,473
Total assets at end of fiscal yearUSD $ 40,760,590
Total assets at beginning of fiscal yearUSD $ 40,822,349
Revenues less expenses for current yearUSD $ 712,368
Revenues less expenses for previous yearUSD $ -175,539
Total expenses for current yearUSD $ 1,834,820
Total expenses for previous yearUSD $ 3,169,952
Other expenses in current yearUSD $ 1,834,820
Other expenses in previous yearUSD $ 3,169,952
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,547,188
Total revenue in previous fiscal yearUSD $ 2,994,413
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,065,510
Program Service Revenue from current yearUSD $ 1,086,820
Investment Income from prior yearUSD $ 3,802,378
Investment Income from current yearUSD $ 1,907,593
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,994,413
Net assets / fund balances at end of fiscal yearUSD $ 34,299,876
Net assets / fund balances at beginning of fiscal yearUSD $ 35,168,984
Total liabilities at end of fiscal yearUSD $ 6,522,473
Total liabilities at beginning of fiscal yearUSD $ 6,972,535
Total assets at end of fiscal yearUSD $ 40,822,349
Total assets at beginning of fiscal yearUSD $ 42,141,519
Revenues less expenses for current yearUSD $ -175,539
Revenues less expenses for previous yearUSD $ 1,196,111
Total expenses for current yearUSD $ 3,169,952
Total expenses for previous yearUSD $ 3,671,777
Other expenses in current yearUSD $ 3,169,952
Other expenses in previous yearUSD $ 3,671,777
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,994,413
Total revenue in previous fiscal yearUSD $ 4,867,888
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,044,620
Program Service Revenue from current yearUSD $ 1,065,510
Investment Income from prior yearUSD $ 969,425
Investment Income from current yearUSD $ 3,802,378
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 25,447,649
Net assets / fund balances at end of fiscal yearUSD $ 35,168,984
Net assets / fund balances at beginning of fiscal yearUSD $ 33,035,400
Total liabilities at end of fiscal yearUSD $ 6,972,535
Total liabilities at beginning of fiscal yearUSD $ 6,155,261
Total assets at end of fiscal yearUSD $ 42,141,519
Total assets at beginning of fiscal yearUSD $ 39,190,661
Revenues less expenses for current yearUSD $ 1,196,111
Revenues less expenses for previous yearUSD $ -888,450
Total expenses for current yearUSD $ 3,671,777
Total expenses for previous yearUSD $ 2,902,495
Other expenses in current yearUSD $ 3,671,777
Other expenses in previous yearUSD $ 2,902,495
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,867,888
Total revenue in previous fiscal yearUSD $ 2,014,045
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2017-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,166,490
Program Service Revenue from current yearUSD $ 1,044,620
Investment Income from prior yearUSD $ 789,666
Investment Income from current yearUSD $ 969,425
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 20,157,727
Net assets / fund balances at end of fiscal yearUSD $ 33,035,400
Net assets / fund balances at beginning of fiscal yearUSD $ 29,411,533
Total liabilities at end of fiscal yearUSD $ 6,155,261
Total liabilities at beginning of fiscal yearUSD $ 5,434,787
Total assets at end of fiscal yearUSD $ 39,190,661
Total assets at beginning of fiscal yearUSD $ 34,846,320
Revenues less expenses for current yearUSD $ -888,450
Revenues less expenses for previous yearUSD $ -629,443
Total expenses for current yearUSD $ 2,902,495
Total expenses for previous yearUSD $ 2,585,599
Other expenses in current yearUSD $ 2,902,495
Other expenses in previous yearUSD $ 2,585,599
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,014,045
Total revenue in previous fiscal yearUSD $ 1,956,156
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,140,930
Program Service Revenue from current yearUSD $ 1,166,490
Investment Income from prior yearUSD $ -443,695
Investment Income from current yearUSD $ 789,666
Other Revenue from prior yearUSD $ -1,025,695
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,704,375
Net assets / fund balances at end of fiscal yearUSD $ 29,411,533
Net assets / fund balances at beginning of fiscal yearUSD $ 31,094,576
Total liabilities at end of fiscal yearUSD $ 5,434,787
Total liabilities at beginning of fiscal yearUSD $ 4,092,921
Total assets at end of fiscal yearUSD $ 34,846,320
Total assets at beginning of fiscal yearUSD $ 35,187,497
Revenues less expenses for current yearUSD $ -629,443
Revenues less expenses for previous yearUSD $ -1,952,408
Total expenses for current yearUSD $ 2,585,599
Total expenses for previous yearUSD $ 1,623,948
Other expenses in current yearUSD $ 2,585,599
Other expenses in previous yearUSD $ 1,623,948
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,956,156
Total revenue in previous fiscal yearUSD $ -328,460
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,115,970
Program Service Revenue from current yearUSD $ 1,140,930
Investment Income from prior yearUSD $ 4,721,863
Investment Income from current yearUSD $ -443,695
Other Revenue from prior yearUSD $ 2,047,015
Other Revenue from current yearUSD $ -1,025,695
Gross receipts from all sourcesUSD $ 17,340,364
Net assets / fund balances at end of fiscal yearUSD $ 31,094,576
Net assets / fund balances at beginning of fiscal yearUSD $ 33,859,730
Total liabilities at end of fiscal yearUSD $ 4,092,921
Total liabilities at beginning of fiscal yearUSD $ 21,866,155
Total assets at end of fiscal yearUSD $ 35,187,497
Total assets at beginning of fiscal yearUSD $ 55,725,885
Revenues less expenses for current yearUSD $ -1,952,408
Revenues less expenses for previous yearUSD $ 4,984,957
Total expenses for current yearUSD $ 1,623,948
Total expenses for previous yearUSD $ 2,899,891
Other expenses in current yearUSD $ 1,623,948
Other expenses in previous yearUSD $ 2,899,891
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ -328,460
Total revenue in previous fiscal yearUSD $ 7,884,848
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ -1,628,859

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 561619182

USA Mailing Address
100 EAST FIRST STREET No 580
WINSTONSALEM
NC
27101
Date first seen: 2007-01-01
Date last seen: 2024-08-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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