AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS

EIN: 231352012 501(c)(3) Mutual Benefit

MALVERN, PA

Total Revenue
$95,039,394
Total Expenses
$81,752,909
Total Assets
$321,291,149
Net Assets
$280,617,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
PA
Principal Officer
PETER L MILLER
Phone
6106442100
Tax Period
2023-01-01 to 2023-12-31

AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS, founded in 1942, is a mid-sized nonprofit in the Mutual Benefit sector that reported $95.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $81.8M left a modest 14% surplus.

Mission

THE INSTITUTES PROVIDES EDUCATIONAL OFFERINGS TO THE PUBLIC REGARDING RISK MANAGEMENT AND INSURANCE.

Program Service Accomplishments

Program 1
Expenses: $33,350,350 Revenue: $27,497,472

DEVELOPED, DELIVERED, AND PRODUCED EDUCATIONAL OFFERINGS INCLUDING COURSES, STUDY MATERIALS, WEBINARS CONTINUING EDUCATION, EXECUTIVE EDUCATION, AND OTHER KNOWLEDGE OFFERINGS RELATED TO RISK...

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DEVELOPED, DELIVERED, AND PRODUCED EDUCATIONAL OFFERINGS INCLUDING COURSES, STUDY MATERIALS, WEBINARS CONTINUING EDUCATION, EXECUTIVE EDUCATION, AND OTHER KNOWLEDGE OFFERINGS RELATED TO RISK MANAGEMENT AND INSURANCE.

Program 2
Expenses: $441,063

PROVIDED FINANCIAL AID, SCHOLARSHIPS, INFORMATION, EDUCATION, INTERNSHIPS, AND OTHER OPPORTUNITIES TO COLLEGE STUDENTS INTERESTED IN RISK MANAGEMENT AND INSURANCE.

Program 3
Expenses: $621,500 Revenue: $987,053

PUBLISH RESEARCH REPORTS ON KEY ISSUES REGARDING RISK 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 (2023)

Revenue Breakdown

Contributions & Grants $5,294,219
Program Service Revenue $33,476,684
Investment Income $8,533,212
Other Revenue $47,735,279
TOTAL REVENUE $95,039,394

Expense Breakdown

Grants Paid $255,500
Salaries & Benefits $39,049,545
Fundraising Expenses $0
Program Expenses $76,578,716
Other Expenses $42,447,864
TOTAL EXPENSES $81,752,909

Year-over-Year Comparison

2023 2022 Change
Revenue $95,039,394 $82,291,206 +0.2%
Expenses $81,752,909 $75,482,456 +0.1%
Net Income $13,286,485 $6,808,750 +1.0%
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
46
Independent Members
45
Employees
302
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
3
$3,997,700
Total Directors
55
$2,437,369
Key Employees
1
$578,017
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER L MILLER PRESIDENT/CEO 45.0
Officer Director
$2,216,772 $220,597 $2,437,369
KATHERINE HOROWITZ EXEC. VP & HEAD OF BUS. UNITS 45.0
Officer
$930,813 $62,870 $993,683
SEAN KEVELIGHAN CEO TRIPLE I 0.0
Highest
$770,464 $59,587 $830,051
MATTHEW KAHN PRESIDENT OF RISK & INSURANCE 0.0
Highest
$601,387 $54,774 $656,161
ROBERT HARACZ SVP AND CIO 45.0
Key Emp
$509,130 $68,887 $578,017
JEFFREY A SCHEIDT TREASURER 45.0
Officer
$497,761 $68,887 $566,648
CHRISTOPHER MCDANIEL PRESIDENT OF CRC 0.0
Highest
$378,699 $60,515 $439,214
SPENSER VILLWOCK PRESIDENT OF CPCU SOCIETY 0.0
Highest
$366,238 $52,076 $418,314
RONNA RUPPELT CEO OF CLM AND CLAIMS PAGES 0.0
Highest
$363,111 $44,739 $407,850
JOHN M HOWARD CHAIR 2.0
Director
$0 $0 $0
W ROBERT BERKLEY JR VICE CHAIR 2.0
Director
$0 $0 $0
JANICE M ABRAHAM BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
THOMAS B AHART BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
ANTHONY J KUCZINSKI BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
JEFFREY T BOWMAN BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
J PATRICK GALLAGHER JR BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
GEORGE A STEADMAN III BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
KIRT A WALKER BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
MARITA ZURAITIS BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
NORMAN A BAGLINI BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
ROBERT JAMES BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
MARKHAM R MCKNIGHT BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
DAVID A NORTH BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
KAJ AHLMANN BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
EDWARD J LARGENT III BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
KEVIN J O'DONNELL BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
MARK C RUSSELL BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
TODD J JONES BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
PAUL J KRUMP BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
WAYNE PEACOCK BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
DINO E ROBUSTO BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
JOAN LAMM-TENNANT BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
JOHN C ROCHE BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
THERESE M VAUGHAN BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
GREIG WOODRING BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
PATRICK F KEEGAN JR BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
JOHN K SMITH BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
JEFFREY TAGSOLD BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
JUAN C ANDRADE BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
SUSAN RIVERA BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
CHRISTOPHER SCHELL BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
DOREEN D CRAWLEY BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
RICHARD P CREEDON BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
MELISSA BURT DEVRIESE BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
SCOTT R JEAN BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
THOMAS J OBROKTA JR BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
KRISTOF TERRYN BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
KEITH WOLFE BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
J POWELL BROWN BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
CARL HESS BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
JOHN J MARCHIONI BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
KARA RAIGUEL BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
LEONID RASIN BOARD OF TRUSTEE 2.0
Director
$0 $0 $0
THOMAS M TROY BOARD OF TRUSTEE (END. JUNE) 2.0
Director
$0 $0 $0
BRETT CLAUSEN BOARD OF TRUSTEE (BEG. JAN) 2.0
Director
$0 $0 $0
ERIC ANDERSEN BOARD OF TRUSTEE (BEG. JUNE) 2.0
Director
$0 $0 $0
FREDERICK EDMOND BOARD OF TRUSTEE (BEG. JUNE) 2.0
Director
$0 $0 $0
AXEL FREIBOTH BOARD OF TRUSTEE (BEG. JUNE) 2.0
Director
$0 $0 $0
CRAIG KLIETHERMES BOARD OF TRUSTEES (BEG. JUNE) 2.0
Director
$0 $0 $0
DEAN KLISURA BOARD OF TRUSTEE (BEG. JUNE) 2.0
Director
$0 $0 $0
SCOTT PURVIANCE BOARD OF TRUSTEE (BEG. JUNE) 2.0
Director
$0 $0 $0
RAUL VARGAS BOARD OF TRUSTEE (BEG. JUNE) 2.0
Director
$0 $0 $0
ROHIT VERMA BOARD OF TRUSTEE (BEG. JUNE) 2.0
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
2024 No data No data No data No data
2023 $95,039,394 $81,752,909 $321,291,149 $13,286,485
2022 $82,291,206 $75,482,456 $296,110,479 $6,808,750
2021 $90,590,145 $70,973,028 $315,144,713 $19,617,117
2020 $70,133,648 $56,987,208 $292,168,778 $13,146,440
2019 $77,706,816 $75,974,171 $291,480,599 $1,732,645
2018 $75,791,847 $71,137,079 $249,250,145 $4,654,768
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