AMERICAN INSURANCE ASSOCIATION INC

EIN: 133173374

WASHINGTON, DC

Total Revenue
$19,226,773
Total Expenses
$30,278,333
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
DE
Principal Officer
JOHN DEGNAN
Phone
2028287100
Tax Period
2018-01-01 to 2018-12-31

AMERICAN INSURANCE ASSOCIATION INC, founded in 1984, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2018. Expenses of $30.3M exceeded revenue, resulting in a 57% operating deficit.

Mission

THE AMERICAN INSURANCE ASSOCIATION (AIA) IS A MEMBER ORGANIZATION, THE PURPOSE OF WHICH IS TO PROMOTE THE ECONOMIC, LEGISLATIVE, AND PUBLIC STANDING OF ITS PARTICIPATING PROPERTY AND CASUALTY INSURERS; TO PROVIDE A FORUM FOR THE DISCUSSION OF PROBLEMS THAT ARE OF COMMON CONCERN TO MEMBER COMPANIES; TO PROMOTE THE INTERESTS OF SUCH COMPANIES IN EVERY LEGITIMATE MANNER, CONSISTENT WITH THE PUBLIC WELFARE; TO KEEP MEMBER COMPANIES INFORMED OF REGULATORY AND LEGISLATIVE DEVELOPMENTS; TO SERVICE THE PUBLIC INTEREST THROUGH APPROPRIATE ACTIVITIES, INCLUDING THE PROMOTION OF SAFETY AND SECURITY OF PERSONS AND PROPERTY; TO FURNISH OTHER RELATED AND SIMILAR SERVICES; TO ENHANCE THE PUBLIC KNOWLEDGE AND PERCEPTION OF THE PROPERTY-CASUALTY INSURANCE INDUSTRY; AND TO ENGAGE IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE IN FURTHERANCE OF THE FOREGOING PURPOSES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $19,214,221
Investment Income $12,552
Other Revenue $0
TOTAL REVENUE $19,226,773

Expense Breakdown

Grants Paid $503,145
Salaries & Benefits $21,775,834
Fundraising Expenses $0
Other Expenses $7,999,354
TOTAL EXPENSES $30,278,333

Year-over-Year Comparison

2018 2017 Change
Revenue $19,226,773 $18,867,112 +0.0%
Expenses $30,278,333 $17,735,795 +0.7%
Net Income $-11,051,560 $1,131,317 -10.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
45
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
22
$7,046,130
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER SWIFT IMMEDIATE PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANTHONY KUCZINSKI CHAIRMAN 1.00
Officer Director
$0 $0 $0
GREGORY MURPHY VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ALAN SCHNITZER VICE CHAIMAN 1.00
Officer Director
$0 $0 $0
LISA CORLESS DIRECTOR 1.00
Director
$0 $0 $0
GREGORY S HENDRIK DIRECTOR 1.00
Director
$0 $0 $0
CONSTANTINE IORDANOU DIRECTOR 1.00
Director
$0 $0 $0
JIM POWER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GRAY DIRECTOR 1.00
Director
$0 $0 $0
T MICHAEL MILLER DIRECTOR 1.00
Director
$0 $0 $0
JOE BENEDUCCI DIRECTOR 1.00
Director
$0 $0 $0
ERIC SMITH DIRECTOR 1.00
Director
$0 $0 $0
W ROBERT BERKLEY JR DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM SCALDAFERRI DIRECTOR 1.00
Director
$0 $0 $0
TOM LEONARDI DIRECTOR 1.00
Director
$0 $0 $0
DAVID COHEN DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN SAVIO VICE CHAIMAN 1.00
Officer Director
$0 $0 $0
VITO PERAINO DIRECTOR 1.00
Director
$0 $0 $0
DINO ROBUSTO DIRECTOR 1.00
Director
$0 $0 $0
JOHN DEGNAN PRESIDENT AND CEO 37.50
Officer
$1,287,720 $0 $1,287,720
FRED C BOSSE VICE PRESIDENT 37.50
Officer
$276,312 $26,882 $303,194
ALISON COOPER VICE PRESIDENT 37.50
Officer
$214,178 $3,829 $218,007
JOSEPH A DIGIOVANNI SENIOR VICE PRESIDENT 37.50
Officer
$581,396 $20,060 $601,456
RONALD V JACKSON VICE PRESIDENT 37.50
Officer
$234,448 $30,667 $265,115
WES MCCLELLAN VICE PRESIDENT 37.50
Officer
$328,526 $34,064 $362,590
DAVID PEARCE VICE PRESIDENT 37.50
Officer
$409,618 $48,645 $458,263
KATHERINE C PETTIBONE VICE PRESIDENT 37.50
Officer
$284,904 $12,255 $297,159
THOMAS J SANTOS VICE PRESIDENT 37.50
Officer
$278,510 $51,435 $329,945
STEPHEN C SCHNEIDER VICE PRESIDENT 37.50
Officer
$237,619 $30,262 $267,881
PAMELA M YOUNG VICE PRESIDENT 37.50
Officer
$203,332 $44,766 $248,098
JOSEPH S ZIELEZIENSKI SENIOR VP & GENERAL COUNSE 37.50
Officer
$768,986 $18,955 $787,941
JEREMY R MERZ VICE PRESIDENT 37.50
Officer
$259,102 $15,183 $274,285
MICHAEL W O'MALLEY SENIOR VICE PRESIDENT 37.50
Officer
$435,933 $33,065 $468,998
MARGUERITE SEIDEL VICE PRESIDENT 37.50
Officer
$267,807 $26,703 $294,510
STEPHEN M SIMCHAK VICE PRESIDENT 37.50
Officer
$253,751 $17,921 $271,672
PHILLIP L CARSON VICE PRESIDENT AND TREASURER 37.50
Officer
$281,225 $28,071 $309,296
KENNETH STOLLER ASSISTANT GC 37.50
Highest
$146,103 $22,784 $168,887
STEVEN A BENNETT ASSOCIATE GENERAL COUNSEL 37.50
Highest
$213,614 $42,618 $256,232
JAMES J WHITTLE ASSISTANT GC & CHIEF CLAIM 37.50
Highest
$195,507 $51,600 $247,107
LISA BROWN ASSISTANT GC 37.50
Highest
$147,278 $26,089 $173,367
NORMA O'CONNOR DIRECTOR, FINANCE & ADMIN 37.50
Highest
$187,617 $16,962 $204,579
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
2018 $19,226,773 $30,278,333 No data $-11,051,560
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