Risk Acceptance Management Corporation

Winston Salem, NC
Tax-exempt since March 1989
EIN: 56-1619182

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Mutual/Membership Benefit Organizations, Other / Insurance Providers, Services (NTEE)

Revenue

$4.25M (2022)

Expenses

$44.4M (2022)

Total Assets

$0 (2022)

Total Liabilities

$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Jan.
2022

Revenue

$4,248,054

Expenses

$44,431,951

Net Income

-$40,183,897

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$534,051	12.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,714,003	87.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa M Saunders (President/Director)	$0	$181,977	$26,629
William B Rowe (Vice President/Director)	$0	$151,563	$34,827
Denise C Adams (Director)	$0	$26,360	$12,785
Robert Clark (Director)	$0	$22,488	$22,684
Darin N Webster (Director)	$0	$79,558	$15,601
Kelly Latham (Secretary/Treasurer)	$0	$119,570	$11,485

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990

Filed on Dec. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2021

Revenue

$5,040,675

Expenses

$3,719,340

Net Income

$1,321,335

Net Assets

$44,072,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,130,735	22.4%
Investment Income	$895,933	17.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,014,007	59.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$53,848,964
Total Liabilities	$9,776,549
Net Assets	$44,072,415

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa M Saunders (President/Director)	$0	$169,836	$26,658
William B Rowe (Vice President/Director)	$0	$149,921	$38,388
Denise C Adams (Director)	$0	$23,557	$14,663
Robert Clark (Director)	$0	$23,385	$22,734
Darin N Webster (Director)	$0	$84,511	$21,485
Kelly Latham (Director)	$0	$0	$0

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990

Filed on April 22, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$2,547,188

Expenses

$1,834,820

Net Income

$712,368

Net Assets

$34,034,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,108,560	43.5%
Investment Income	$700,953	27.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$737,675	29.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$40,760,590
Total Liabilities	$6,725,956
Net Assets	$34,034,634

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa M Saunders (President/Director)	$0	$155,582	$20,610
William B Rowe (Vice President/Director)	$0	$142,663	$30,042
Denise C Adams (Director)	$0	$20,582	$11,709
Robert Clark (Director)	$0	$20,410	$17,069
Angie S Fisher (Director)	$0	$99,620	$17,947
Darin N Webster (Director)	$0	$77,296	$22,026

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990

Filed on June 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2019

Revenue

$2,994,413

Expenses

$3,169,952

Net Income

-$175,539

Net Assets

$34,299,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,086,820	36.3%
Investment Income	$786,792	26.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,120,801	37.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$40,822,349
Total Liabilities	$6,522,473
Net Assets	$34,299,876

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa M Saunders (President/Director)	$0	$150,981	$26,877
William B Rowe (Vice President/Director)	$0	$135,572	$35,846
Denise C Adams (Director)	$0	$15,840	$13,507
Robert Clark (Director)	$0	$16,089	$21,861
Angie S Fisher (Director)	$0	$97,117	$21,670
Darin N Webster (Director)	$0	$75,752	$22,007

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990

Filed on May 5, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$4,867,888

Expenses

$3,671,777

Net Income

$1,196,111

Net Assets

$35,168,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,065,510	21.9%
Investment Income	$336,587	6.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,465,791	71.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$42,141,519
Total Liabilities	$6,972,535
Net Assets	$35,168,984

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Clark (Director)	$0	$24,736	$16,595
Denise D Adams (Director)	$0	$23,190	$10,628
Lisa M Saunders (President/Director)	$0	$148,638	$27,281
William B Rowe (Vice President/Director)	$0	$132,860	$26,681
Gregory M Turner (Secretary/Treasurer)	$0	$199,847	$16,307
Darin N Webster (Director)	$0	$70,567	$19,494
Angie S Fisher (Director)	$0	$94,363	$16,315

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990

Filed on May 10, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$2,014,045

Expenses

$2,902,495

Net Income

-$888,450

Net Assets

$33,035,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,044,620	51.9%
Investment Income	$255,015	12.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$714,410	35.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$39,190,661
Total Liabilities	$6,155,261
Net Assets	$33,035,400

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Clark (Director)	$0	$20,751	$9,819
Denise D Adams (Director)	$0	$22,239	$7,618
Lisa M Saunders (President/Director)	$0	$142,202	$25,597
William B Rowe (Vice President/Director)	$0	$129,052	$24,547
Gregory M Turner (Secretary/Treasurer)	$0	$192,315	$1,820
Darin N Webster (Director)	$0	$55,488	$12,241
Angie S Fisher (Director)	$0	$90,128	$15,593

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990

Filed on May 1, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$1,956,156

Expenses

$2,585,599

Net Income

-$629,443

Net Assets

$29,411,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,166,490	59.6%
Investment Income	$806,353	41.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$16,687
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$34,846,320
Total Liabilities	$5,434,787
Net Assets	$29,411,533

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Clark (Director)	$0	$18,726	$0
Denise Adams (Director)	$0	$19,626	$0
Lisa M Saunders (President/Director)	$0	$134,049	$11,796
William B Rowe (Vice President/Director)	$0	$122,725	$10,047
Gregory Turner (Secretary/Treasurer)	$0	$183,782	$14,443
Nick Webster (Director)	$0	$0	$0
Angie Fisher (Director)	$0	$86,391	$19,125

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990

Filed on March 14, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

-$328,460

Expenses

$1,623,948

Net Income

-$1,952,408

Net Assets

$31,094,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,140,930
Investment Income	$614,054
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$603,164
Net Fundraising	$0
Sales of Assets	-$1,057,749
Net Inventory Sales	$0
Other Revenue	-$1,628,859

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,187,497
Total Liabilities	$4,092,921
Net Assets	$31,094,576

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Clarke (Director)	$0	$12,019	$0
Denise Adams (Director)	$0	$13,402	$0
Tony Baker (Director)	$0	$94,554	$0
Lisa M Saunders (President/Director)	$0	$127,683	$0
William B Rowe (Vice President/Director)	$0	$115,748	$0
Gregory Turner (Secretary/Treasurer)	$0	$167,021	$0

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990

Filed on Feb. 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

$12,606,711

Expenses

$2,899,891

Net Income

$9,706,820

Net Assets

$33,859,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,115,970	8.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,721,863	37.5%
Net Fundraising	$0
Sales of Assets	$4,721,863	37.5%
Net Inventory Sales	$0
Other Revenue	$2,047,015	16.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$55,725,885
Total Liabilities	$21,866,155
Net Assets	$33,859,730

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$6,390,543

Expenses

$2,918,970

Net Income

$3,471,573

Net Assets

$28,874,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,091,610	17.1%
Investment Income	$3,214,383	50.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,084,550	32.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$50,689,343
Total Liabilities	$21,814,570
Net Assets	$28,874,773

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$2,035,081

Expenses

$2,951,448

Net Income

-$916,367

Net Assets

$25,403,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,067,820	52.5%
Investment Income	-$1,090,083
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,057,344	> 100%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$47,396,638
Total Liabilities	$21,993,438
Net Assets	$25,403,200

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$11,784,320

Expenses

$2,753,290

Net Income

$9,031,030

Net Assets

$26,319,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,044,590	8.9%
Investment Income	$4,367,065	37.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,367,065	37.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,005,600	17.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$48,601,582
Total Liabilities	$22,282,015
Net Assets	$26,319,567

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated December 5, 2025

Risk Acceptance Management Corporation

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.25M (2022)

Expenses $44.4M (2022)

Total Assets $0 (2022)

Total Liabilities $0 (2022)

Tax Filings by Year

Fiscal Year Ending Jan. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

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Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2020

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Fiscal Year Ending June 2019

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Fiscal Year Ending June 2018

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Fiscal Year Ending June 2017

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Compensation

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Fiscal Year Ending June 2016

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2015

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Compensation

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Fiscal Year Ending June 2014

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Fiscal Year Ending June 2013

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Fiscal Year Ending June 2012

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990

Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2010

No Extracted Financial Data

Revenue

$4.25M (2022)

Expenses

$44.4M (2022)

Total Assets

$0 (2022)

Total Liabilities

$0 (2022)

Fiscal Year Ending Jan.
2022

Fiscal Year Ending June
2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002