NEW YORK COMPENSATION INSURANCE RATING BOARD (EIN 130594020) - Form 990 Financial Analysis & Trantor Score

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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

1914

Legal Domicile

Principal Officer

VINCENT LICAUSE

Phone

2126973535

Tax Period

2023-01-01 to 2023-12-31

NEW YORK COMPENSATION INSURANCE RATING BOARD, founded in 1914, is a mid-sized nonprofit that reported $23.5M in total revenue in fiscal year 2023.

Mission

THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF LOSS COSTS AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $309,000

Program Service Revenue $22,778,518

Investment Income $414,122

Other Revenue $0

TOTAL REVENUE $23,501,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,385,805

Fundraising Expenses $0

Other Expenses $7,836,184

TOTAL EXPENSES $23,221,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,501,640	$22,280,663	+0.1%
Expenses	$23,221,989	$21,280,097	+0.1%
Net Income	$279,651	$1,000,566	-0.7%

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

Governance

Voting Members

Independent Members

Employees

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

$2,432,094

Total Directors

$3,432,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY ATTIE	PRESIDENT/CEO	40.00	Officer Director	$623,377	$17,010	$640,387
ZIV KIMMEL	SR. VICE PRESIDENT	40.00	Officer Director	$414,941	$60,920	$475,861
MITCHELL TENZER	VICE PRESIDENT OF IT	40.00	Officer Director	$240,098	$55,361	$295,459
VINCENT LICAUSE	VICE PRESIDENT OF FINANCE & ADMINISTRATION	40.00	Officer Director	$220,986	$25,828	$246,814
SUSIE PATRICIELLO	VICE PRESIDENT OF HR	40.00	Officer Director	$195,150	$8,353	$203,503
MARK BATTISTELLI	VICE PRESIDENT OF UNDERWRITING	40.00	Officer Director	$223,027	$56,051	$279,078
DAVE KNIGHT	VICE PRESIDENT OF OPERATIONS	40.00	Officer Director	$226,348	$64,644	$290,992
GUO HARRISON	DIRECTOR	40.00	Director	$285,183	$34,008	$319,191
BENJAMIN T WITKOWSKI	DIRECTOR	40.00	Director	$273,148	$78,642	$351,790
BRETT KING	DIRECTOR	40.00	Director	$284,161	$45,121	$329,282
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	5.00		$0	$0	$0
GAETANO DALESSIO	DEVELOPER MANAGER/SOLUTION	40.00	Highest	$188,107	$45,073	$233,180
CHENJUN MOHIN	ACTUARIAL MGR	40.00	Highest	$189,743	$34,008	$223,751
NASIM SHAMAILOV	DIRECTOR	40.00	Highest	$169,381	$37,043	$206,424
GONXHE BAJRAMI	DIRECTOR	40.00	Highest	$173,669	$8,620	$182,289
GODFREY FANDIALAN	DIRECTOR	40.00	Highest	$158,986	$22,824	$181,810

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	No data	No data	No data	No data
2023	$23,501,640	$23,221,989	$53,105,680	$279,651
2022	$22,280,663	$21,280,097	$29,742,755	$1,000,566
2021	$21,207,654	$20,696,624	$22,217,691	$511,030
2020	$21,809,897	$20,918,310	$20,294,584	$891,587
2019	$21,982,529	$20,174,062	$17,471,785	$1,808,467
2018	$21,200,706	$19,609,767	$15,501,301	$1,590,939

NEW YORK COMPENSATION INSURANCE RATING BOARD