Boston, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MASSACHUSETTS INSURERS INSOLVENCY FUND, founded in 1973, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $11.9M exceeded revenue, resulting in a 49% operating deficit.
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Massachusetts state statute, Chapter 1 75 D, G. L. Mass., enacted as Chapter 261, Laws 1970.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,985,327 | $4,088,951 | +1.0% |
| Expenses | $11,880,515 | $11,262,672 | +0.1% |
| Net Income | $-3,895,188 | $-7,173,721 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Donald Baldini Chair | representing Liberty Mutual Insurance Co. | 1 |
Director
|
$0 | $0 | $0 |
| Chris Whitford Vice Chair | representing Safety Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Harris E Berenson Board Member | representing The Hanover Insurance Group | 1 |
Director
|
$0 | $0 | $0 |
| Eileen Fongemie Board Member | representing MEMIC Indemnity Company | 1 |
Director
|
$0 | $0 | $0 |
| Samantha Freedman Board Member | representing Government Employees Ins Co | 1 |
Director
|
$0 | $0 | $0 |
| Chris Hall Board Member | representing Arbella Mutual Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Adam Robitaille Board Member | representing Farmers Prop. & Cas. Ins. Co. | 1 |
Director
|
$0 | $0 | $0 |
| Kevin Walsh Board Member | representing The Travelers Indemnity Co. | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,985,327 | $11,880,515 | $199,525,037 | $-3,895,188 |
| 2023 | $4,088,951 | $11,262,672 | $203,420,225 | $-7,173,721 |
| 2022 | $903,993 | $10,977,963 | $210,593,946 | $-10,073,970 |
| 2021 | $27,762,839 | $9,546,180 | $220,667,916 | $18,216,659 |
| 2020 | $9,509,061 | $9,190,417 | $202,451,257 | $318,644 |
Compare MASSACHUSETTS INSURERS INSOLVENCY FUND with other nonprofits in Massachusetts and across the country.