Motor Vehicle Accident Indemnifica… - Form 990 Financial Data

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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

1958

Legal Domicile

Principal Officer

JASON DOOLEY

Phone

6462057800

Tax Period

2023-01-01 to 2023-12-31

Motor Vehicle Accident Indemnification Corporation, founded in 1958, is a mid-sized nonprofit that reported $62.6M in total revenue in fiscal year 2023.

Mission

To pay no fault claims, tort settlements and related expenses to injured claims of uninsured motor vehicle accidents in the State of New York

Program Service Accomplishments

Program 1

Expenses: $15,311,496

Total PIP Claims Paid

Program 2

Expenses: $11,616,710

Total Tort Claims Paid

Program 3

Expenses: $9,225,741

Total Allocated Expenses Paid

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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 $60,293,282

Program Service Revenue $0

Investment Income $2,261,692

Other Revenue $0

TOTAL REVENUE $62,554,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,015,986

Fundraising Expenses $0

Program Expenses $36,153,947

Other Expenses $55,842,500

TOTAL EXPENSES $62,858,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,554,974	$60,707,232	+0.0%
Expenses	$62,858,486	$54,827,481	+0.1%
Net Income	$-303,512	$5,879,751	-1.1%

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

$599,200

Total Directors

Key Employees

$1,013,364

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON DOOLEY	President	35.00	Officer	$240,072	$0	$240,072
CHRISTINA M FRAZZITTA	Vice President	35.00	Officer	$201,671	$0	$201,671
ERIC PAPPALARDI	Manager SIU	35.00	Key Emp	$162,662	$0	$162,662
DOMINIC A DILLON	Controller	35.00	Officer	$157,457	$0	$157,457
JAIME E GANGEMI	Manager Legal Dept	35.00	Key Emp	$187,901	$0	$187,901
BORIS KAZAKEVICH	Manager Claims	35.00	Key Emp	$161,195	$0	$161,195
DAVID J CALABRO	Manager IT	35.00	Key Emp	$143,242	$0	$143,242
ANN GANGI	Attorney	35.00	Key Emp	$120,204	$0	$120,204
SHEILA AHMED	Attorney	35.00	Key Emp	$121,894	$0	$121,894
ANDREW STAUB	Attorney	35.00	Key Emp	$116,266	$0	$116,266
TIM TRUEWORTHY	New York Central Mutu	N/A	Director	$0	$0	$0
MAURA CLANCY	Clancy Clancy Broker	N/A	Director	$0	$0	$0
ABBY PULEO	Utica National	N/A	Director	$0	$0	$0
DAVID FRENCH	Travelers Insurance	N/A	Director	$0	$0	$0
ISAAC ZAMBAS	Public Member	N/A	Director	$0	$0	$0
MICHAEL HALES	Progressice Insurance	N/A	Director	$0	$0	$0
ROBERT WEIR	GEICO	N/A	Director	$0	$0	$0
DAVID FERNANDEZ	Allstate	N/A	Director	$0	$0	$0
EDWARD ALEJANDRO	Plymouth Rock	N/A	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$62,554,974	$62,858,486	$112,070,139	$-303,512
2022	$60,707,232	$54,827,481	$97,106,001	$5,879,751
2021	$45,559,851	$45,377,724	$88,183,278	$182,127
2020	$27,375,866	$33,679,016	$84,374,495	$-6,303,150
2019	$40,992,530	$36,455,509	$84,149,024	$4,537,021

Motor Vehicle Accident Indemnification Corporation