Nonprofit · EIN 04-3346955
PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC
Also known as PURMA
Tax-exempt · WESTBOROUGH, MA 01581
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $496,971 | $516,309 | -$19,338 | $431,794 | $80,135 | $351,659 |
| December 31, 2024 | 990 | $429,762 | $412,173 | $17,589 | $425,235 | $54,238 | $370,997 |
| December 31, 2023 | 990 | $404,382 | $380,744 | $23,638 | $442,018 | $88,610 | $353,408 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $476,971
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $290,083
- Salaries, compensation and benefits (total)
- $381,389
- Professional fundraising fees
- $0
- Legal fees
- $5,053
- Accounting fees
- $11,500
- Depreciation
- $20,245
- Program services (functional)
- $304,117
- Management and general (functional)
- $212,192
Balance sheet and other
- Total assets, start of year
- $425,235
- Total assets, end of year
- $431,794
- Total liabilities, end of year
- $80,135
- Net assets, end of year
- $351,659
- Land, buildings and equipment
- $35,290
- Net assets without donor restrictions
- $351,659
- Gross receipts
- $496,971
- Employees
- 4
- Year formed
- 1997
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLE MAGNIFICO | EXECUTIVE DI Highest-paid employee | – | $183,053 | $38,996 |
| JEFFREY DOBBINS | PRESIDENT Officer | – | $0 | $0 |
| JAMIE NAUGHTON | VICE PRESIDE Trustee or director, Officer | – | $0 | $0 |
| KENNETH LABRIE | TREASURER Officer | – | $0 | $0 |
| BROOKE MCMAHON | CLERK Trustee or director, Officer | – | $0 | $0 |
| TOM MORAHAN | DIRECTOR Trustee or director | – | $0 | $0 |
| CRAIG SPINALE | DIRECTOR Trustee or director | – | $0 | $0 |
| MARIE HYNES | DIRECTOR Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLE MAGNIFICO | EXECUTIVE DI Highest-paid employee | – | $175,474 | $44,296 |
| JEFFREY DOBBINS | PRESIDENT Officer | – | $0 | $0 |
| JAMIE NAUGHTON | VICE PRESIDE Trustee or director, Officer | – | $0 | $0 |
| KENNETH LABRIE | TREASURER Officer | – | $0 | $0 |
| BROOKE MCMAHON | CLERK Trustee or director, Officer | – | $0 | $0 |
| TOM MORAHAN | DIRECTOR Trustee or director | – | $0 | $0 |
| CRAIG SPINALE | DIRECTOR Trustee or director | – | $0 | $0 |
| MARIE HYNES | DIRECTOR Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLE MAGNIFICO | EXECUTIVE DI Highest-paid employee | – | $168,714 | $41,643 |
| JEFFREY DOBBINS | PRESIDENT Officer | – | $0 | $0 |
| JAY KLINE | VICE PRESIDE Officer | – | $0 | $0 |
| JEFFREY DOBBINS | SECRETARY Officer | – | $0 | $0 |
| KENNETH LABRIE | TREASURER Officer | – | $0 | $0 |
| BROOKE MCMAHON | DIRECTOR Trustee or director | – | $0 | $0 |
| KEVIN KELLY | DIRECTOR Trustee or director | – | $0 | $0 |
| TOM MORAHAN | DIRECTOR Trustee or director | – | $0 | $0 |
| PATRICIA WAUGH | DIRECTOR Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 W PARK DR STE 280, WESTBOROUGH, MA 01581-3919
- Principal officer (990 for 2025)
- KENNETH LABRIE, 725 FRONT STREET, CHICOPEE, MA 01020
- Signed the 990
- KENNETH LABRIE, TREASURER
- Phone
- (508) 599-3422
- Website
- WWW.PURMA.ORG
- Return prepared by
- GOULET SALVIDIO & ASSOCIATES PC
Mission
THE PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES PUBLICLY OWNED UTILITIES CONSISTENTLY SUPERIOR AND COST EFFECTIVE INFORMATION, EDUCATION AND SOLUTIONS TO THEIR RISK MANAGEMENT NEEDS.
Program accomplishments
- THE ORGANIZATION PROVIDES RISK MANAGEMENT SERVICES TO ITS MEMBERS.Expenses $304,117 · revenue $476,971
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3346955
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $431,794
- Income (IRS master file)
- $496,971
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $496,971 | $516,309 | $431,794 | XML |
| 990 | December 2024 | $429,762 | $412,173 | $425,235 | XML |
| 990 | December 2023 | $404,382 | $380,744 | $442,018 | XML |
| 990 | December 2022 | $406,225 | $355,476 | $469,820 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3346955).
Questions about PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC
- What is the EIN of PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC?
- The employer identification number (EIN) of PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC is 04-3346955.
- Is PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names KENNETH LABRIE.
- Who are the officers and directors of PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $183,053 (NICHOLE MAGNIFICO, EXECUTIVE DI).
- How much revenue does PUBLIC UTILITIES RISK MANAGEMENT ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $496,971, expenses of $516,309 and total assets of $431,794 at year end.
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