Boston, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSURANCE FRAUD BUREAU OF MASSACHUSETTS, founded in 1991, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2023. Expenses of $10.6M left a modest 3% surplus.
The organization is an entity authorized by Massachusetts General Laws to prevent, detect and investigate insurance fraud. The Bureau works with law enforcement and public prosecutors on matters involving potential crime violation of insurance fraud laws.
The Bureau received and evaluated 4,023 suspected insurance fraud referrals from the insurance industry, members of the public and other sources, of which 1,503 were accepted for further...
The Bureau received and evaluated 4,023 suspected insurance fraud referrals from the insurance industry, members of the public and other sources, of which 1,503 were accepted for further investigation, resulting in 1,207 new investigative cases. After initial investigation, 636 cases were closed without criminal prosecution due to insufficient evidence of a crime.
The Bureau referred 156 cases to federal, state, and local prosecutors during the year, and supported those prosecutors in the location of witnesses, witness interviews, delivery of subpoenas and...
The Bureau referred 156 cases to federal, state, and local prosecutors during the year, and supported those prosecutors in the location of witnesses, witness interviews, delivery of subpoenas and additional investigation. 112 individuals were initially charged with insurance fraud and other crimes during 2023, and court cases involving 169 individuals reached a final disposition.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,988,584 | $10,994,650 | 0.0% |
| Expenses | $10,632,148 | $10,396,012 | +0.0% |
| Net Income | $356,436 | $598,638 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Anthony DiPaolo | Executive Director | 36.25 |
Officer
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$292,528 | $109,956 | $402,484 |
| Laura Kessler | V.P., General Counsel | 36.25 |
Officer
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$263,716 | $72,732 | $336,448 |
| M Katherine Mulligan | V.P., Chief of Investigations | 36.25 |
Officer
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$208,337 | $46,193 | $254,530 |
| Cynthia Ventresca | Deputy Chief of Investigations | 36.25 |
Highest
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$144,875 | $44,464 | $189,339 |
| Patrick Moore | Investigative Manager | 36.25 |
Highest
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$132,730 | $38,681 | $171,411 |
| Stephen Adams | Deputy General Counsel | 36.25 |
Highest
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$135,357 | $13,547 | $148,904 |
| Marilyn Barrett | Investigative Manager | 36.25 |
Highest
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$118,192 | $29,240 | $147,432 |
| Jeffrey Ambrose | Investigative Manager | 36.25 |
Highest
|
$118,537 | $22,833 | $141,370 |
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| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $10,988,584 | $10,632,148 | $8,996,792 | $356,436 |
| 2022 | $10,994,650 | $10,396,012 | $8,481,147 | $598,638 |
| 2021 | $11,153,060 | $10,702,879 | $5,432,137 | $450,181 |
| 2020 | $10,152,123 | $9,549,485 | $4,543,367 | $602,638 |
Compare INSURANCE FRAUD BUREAU OF MASSACHUSETTS with other nonprofits in Massachusetts and across the country.