AUTOMOBILE INSURERS BUREAU OF MASSACHUSETTS

EIN: 041589700

Boston, MA

Total Revenue
$13,699,252
Total Expenses
$12,810,850
Total Assets
$6,455,520
Net Assets
$573,156
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
MA
Principal Officer
William H Scully
Phone
6174394542
Tax Period
2024-01-01 to 2024-12-31

AUTOMOBILE INSURERS BUREAU OF MASSACHUSETTS, founded in 1925, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2024. Expenses of $12.8M left a modest 6% surplus.

Mission

The organization is a voluntary trade association supporting companies that write motor vehicle insurance in Massachusetts. Activities include insurance rate, rule and forms filings and insurance data analysis.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,102,769
Investment Income $461
Other Revenue $2,596,022
TOTAL REVENUE $13,699,252

Expense Breakdown

Grants Paid $525,809
Salaries & Benefits $4,010,932
Fundraising Expenses $0
Program Expenses $0
Other Expenses $8,274,109
TOTAL EXPENSES $12,810,850

Year-over-Year Comparison

2024 2023 Change
Revenue $13,699,252 $13,440,015 +0.0%
Expenses $12,810,850 $12,873,170 0.0%
Net Income $888,402 $566,845 +0.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
22
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$368,724
Total Directors
0
$0
Key Employees
6
$1,452,836
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Scully Interim-President 36.25
Officer
$272,455 $96,269 $368,724
Ira Dobrow Applications Development Manager 19.94
Key Emp
$214,781 $87,311 $302,092
Jamie McDonough AVP, Technology & Infrastructure 14.50
Key Emp
$192,353 $69,872 $262,225
Edith Wendell AVP, Data and Operations 36.25
Key Emp
$172,113 $79,100 $251,213
Erik Olson Actuary 36.25
Key Emp
$191,666 $30,990 $222,656
Timothy Fidler Database and Systems Security Manager 18.13
Highest
$147,908 $73,518 $221,426
Stephen Macary Finance Director 18.13
Key Emp
$154,958 $56,441 $211,399
Joel Arcieri Actuarial Systems Director 36.25
Key Emp
$154,767 $48,484 $203,251
Kim Barber President 36.25
$139,044 $34,311 $173,355
Michael Faria Technical Associate 36.25
Highest
$103,162 $53,478 $156,640
James Sidney Senior Systems Analyst 21.75
Highest
$128,168 $23,126 $151,294
Mary Babbitt Senior Systems Analyst 21.75
Highest
$110,010 $39,074 $149,084
Steven Michalski Senior Network Administrator 14.50
Highest
$101,101 $42,570 $143,671
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
N/A Governing Committee Member 0
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $13,699,252 $12,810,850 $6,455,520 $888,402
2023 $13,440,015 $12,873,170 $6,932,709 $566,845
2022 $13,330,771 $12,765,702 $7,444,199 $565,069
2021 $12,244,779 $12,091,937 $2,744,805 $152,842
2020 $12,201,743 $11,670,551 $2,784,103 $531,192
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