Member Funds
Among the notable components of NIRMA’s financial stability and success is the Member Fund Balance, or the equity member counties have in the program.
NIRMA started in 1988 with nothing in the bank. But through prudent risk management and the careful investment of what monies were available, the equity began to grow. Today that equity totals just slightly less than $18 million. This is our member counties collective share!
The following will give you an idea of how the program’s surplus has grown over the years. This has been accomplished even as the amount of dividends issued by NIRMA has grown during the same time.
Member Funds
as of December 31
| Date | Amount |
|---|---|
| 1991 | $2,457,837 |
| 1992 | $3,722,365 |
| 1993 | $4,884,480 |
| 1994 | $6,916,222 |
| 1995 | $8,428,737 |
| 1996 | $12,020,550 |
| 1997 | $13,099,030 |
| 1998 | $14,716,950 |
| 1999 | $14,727,650 |
| 2000 | $14,081,320 |
| 2001 | $14,860,020 |
| 2002 | $14,889,757 |
| 2003 | $13,174,687 |
| 2004 | $14,304,173 |
| 2005 | $17,834,714 |
| 2006 | $18,128,575 |
| 2007 | $21,247,182 |