INSURANCE DATA MANAGEMENT ASSOCIATION INC

EIN: 061184889

JERSEY CITY, NJ

Total Revenue
$497,449
Total Expenses
$703,428
Total Assets
$1,370,564
Net Assets
$16,841
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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
1987
Legal Domicile
CT
Principal Officer
FAROUK YASSINE
Phone
2014693069
Tax Period
2019-01-01 to 2019-12-31

INSURANCE DATA MANAGEMENT ASSOCIATION INC, founded in 1987, is a small nonprofit that reported $497K in total revenue in fiscal year 2019. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $703K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROMOTE PROFICIENCY IN THE DATA MANAGEMENT FIELD.

Program Service Accomplishments

Program 1

TO PROMOTE PROFICENCY BY ADMINISTRATION OF AN EDUCATION AND TESTING PROGRAM.

Program 2

TO PROVIDE TOPICAL AND TECHNICAL SEMINARS FOR INSURANCE DATA MANAGEMENT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $155,350
Program Service Revenue $340,872
Investment Income $1,227
Other Revenue $0
TOTAL REVENUE $497,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $703,428
TOTAL EXPENSES $703,428

Year-over-Year Comparison

2019 2018 Change
Revenue $497,449 $347,828 +0.4%
Expenses $703,428 $513,239 +0.4%
Net Income $-205,979 $-165,411 +0.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
35
Independent Members
31
Employees
N/A
Volunteers
5

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
11
$0
Total Directors
35
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER J JONES VP-PRACTICE DEVELOPMENT 1.0
Officer Director
$0 $0 $0
GARY W KNOBLE DIRECTOR 0.5
Director
$0 $0 $0
PETER A MAROTTA DIRECTOR 0.5
Director
$0 $0 $0
THOMAS A NOWAK VP-ADMINISTRATION 1.0
Officer Director
$0 $0 $0
AIMEE SILIATO VP-MARKETING 1.0
Officer Director
$0 $0 $0
TRACY ANN SPADOLA VP-INDUSTRY RELATIONS 1.0
Officer Director
$0 $0 $0
DAVID P VISCUSI DIRECTOR 0.5
Director
$0 $0 $0
CHRISTOPHER J MONSOUR DIRECTOR 0.5
Director
$0 $0 $0
NORA FITZGERALD VP-EMERGING DATA MANAGMENT 1.0
Officer Director
$0 $0 $0
MARTIN FRAPPOLLI DIRECTOR 0.5
Director
$0 $0 $0
SHANI OULTON DIRECTOR 0.5
Director
$0 $0 $0
MARK SIWEK DIRECTOR 0.5
Director
$0 $0 $0
CARL CHRISTIANSEN DIRECTOR 0.5
Director
$0 $0 $0
SALVATORE ETERNO DIRECTOR 0.5
Director
$0 $0 $0
CHUCK FORDHAM CO-VP-PROFESSIONALISM 1.0
Officer Director
$0 $0 $0
KEVIN O'LEARY CO-VP, EMERGING DATA MGMT 1.0
Officer Director
$0 $0 $0
ELLEN SONKIN DIRECTOR 0.5
Director
$0 $0 $0
JOAN MOORE DIRECTOR 0.5
Director
$0 $0 $0
RICHARD MORALES PRESIDENT 1.0
Officer Director
$0 $0 $0
BONNIE PIACENTINO CHAIR OF THE BOARD 1.0
Officer Director
$0 $0 $0
PETER BOTHWELL PRESIDENT ELECT 1.0
Officer Director
$0 $0 $0
CAROL GUIDERA DIRECTOR 0.5
Director
$0 $0 $0
SUSAN HANEY DIRECTOR 0.5
Director
$0 $0 $0
JOHN LEONARD DIRECTOR 0.5
Director
$0 $0 $0
PETER OSBOURNE DIRECTOR 0.5
Director
$0 $0 $0
CERINA STEIN DIRECTOR 0.5
Director
$0 $0 $0
PAUL WITKO DIRECTOR 0.5
Director
$0 $0 $0
THERESA PEACHEY DIRECTOR 0.5
Director
$0 $0 $0
MARIA SNOW DIRECTOR 0.5
Director
$0 $0 $0
BOB HARRINGTON DIRECTOR 0.5
Director
$0 $0 $0
JOHN VESPER DIRECTOR 0.5
Director
$0 $0 $0
BRIAN SEIFERT VP- EDUCATION 1.0
Officer Director
$0 $0 $0
JEREMY ATTIE DIRECTOR 0.5
Director
$0 $0 $0
SANDI PERILLO-SIMMONS DIRECTOR 0.5
Director
$0 $0 $0
PAT SAPORITO DIRECOT 0.5
Director
$0 $0 $0
FAROUK YASSINE EXECUTIVE DIRECTOR, TREASURER 40.0
Key Emp
$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
2019 $497,449 $703,428 $1,370,564 $-205,979
2018 $347,828 $513,239 $969,167 $-165,411
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