NATIONAL INSURANCE CRIME BUREAU

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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

1991

Legal Domicile

Principal Officer

CAROLYN BELLISIO

Phone

8475447000

Tax Period

2025-01-01 to 2025-12-31

NATIONAL INSURANCE CRIME BUREAU, founded in 1991, is a mid-sized nonprofit that reported $73.3M in total revenue in fiscal year 2025.

Mission

TO LEAD A UNITED EFFORT OF INSURERS, LAW ENFORCEMENT, AND REPRESENTATIVES OF THE PUBLIC TO PREVENT AND COMBAT INSURANCE FRAUD AND THEFT THROUGH INTELLIGENCE AND DATA ANALYTICS, INVESTIGATIONS, LEARNING AND DEVELOPMENT, STRATEGY, POLICY & GOVERNMENT AFFAIRS AND COMMUNICATIONS.

Program Service Accomplishments

Program 1

Expenses: $42,018,192 Revenue: $43,631,817

INVESTIGATIONS - NICB'S INVESTIGATIVE EFFORTS PRODUCED 7,573 PROSECUTIVE ADMINISTRATIVE ACTIONS (PAA). INVESTIGATED 5,467 CASES (1,561 COMMERCIAL, 3,906 PERSONAL): 1.696 CASES WERE PRESENTED TO LAW ENFORCEMENT, A PROSECUTOR, OR AN ADMINISTRATIVE BOARD; 1,655 INVESTIGATIONS FOCUSED ON ORGANIZED VEHICLE ACTIVITY OR RING ACTIVITY; 1,431 INVESTIGATIONS INVOLVED MULTIPLE INSURANCE COMPANIES; AND 2.369 INVOLVED MULTIPLE PARTIES (SUBJECTS OF INVESTIGATION).

Program 2

Expenses: $13,875,899 Revenue: $14,408,775

INTELLIGENCE & ANALYTICS - PUBLISHED 2,503 ALERTS, 10 THREAT ASSESSMENTS, AND 225 VEHICLE LEADS (14.2% REPORTED AS RECOVERED).

Program 3

Expenses: $5,478,043 Revenue: $5,688,416

COMMUNICATIONS AND STRATEGY, POLICY & GOVERNMENT AFFAIRS - NICB ENGAGED IN LEGISLATIVE/REGULATORY EFFORTS IN CONJUNCTION WITH MEMBERS, TRADE GROUPS, AND ANTI-FRAUD PARTNERS IN VARIOUS STATES ON...

COMMUNICATIONS AND STRATEGY, POLICY & GOVERNMENT AFFAIRS - NICB ENGAGED IN LEGISLATIVE/REGULATORY EFFORTS IN CONJUNCTION WITH MEMBERS, TRADE GROUPS, AND ANTI-FRAUD PARTNERS IN VARIOUS STATES ON ISSUES INVOLVING AUTO THEFT, CATALYTIC CONVERTER THEFT, AUTO GLASS FRAUD, PREDATORY TOWING, COUNTERFEIT AIRBAGS, LEGAL SYSTEM ABUSE, AND DATA SHARING. NICB SUBMITTED 230 LETTERS TO LAWMAKERS AND COMMITTEES ACROSS THE COUNTRY, TESTIFIED 46 TIMES, AND ASSISTED IN DRAFTING 61 PIECES OF LEGISLATION. NICB PROVIDED POLICY RECOMMENDATIONS REGARDING NATIONAL VEHICLE CRIME TRENDS, TRACKED CONSUMER DATA PRIVACY BILLS ACROSS THE COUNTRY, AND SPEARHEADED EFFORTS TO PASS COMPREHENSIVE TOWING REFORM IN SEVERAL STATES. WORKED WITH COMMUNICATIONS TO GENERATE PROCLAMATIONS ISSUED BY GOVERNORS IN 20 STATES FORMALLY RECOGNIZING (CONTINUED IN SCHEDULE O) NICB'S CONTRACTOR FRAUD AWARENESS WEEK. NICB LEVERAGED DATA, INTELLIGENCE, AND PARTNERSHIPS TO CREATE 20 PUBLIC AFFAIRS CAMPAIGNS ALIGNED WITH TOPICS RELEVANT TO MEMBERS, LAW ENFORCEMENT, AND INDUSTRY PARTNERS, INCLUDING CAMPAIGNS ON VEHICLE, CONTRACTOR, CARGO, AND MEDICAL FRAUD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $69,087,414

Investment Income $4,201,615

Other Revenue $0

TOTAL REVENUE $73,289,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,547,145

Fundraising Expenses $0

Program Expenses $66,532,370

Other Expenses $17,386,933

TOTAL EXPENSES $71,934,078

Year-over-Year Comparison

	2025	2024	Change
Revenue	$73,289,029	$68,357,676	+0.1%
Expenses	$71,934,078	$69,206,851	+0.0%
Net Income	$1,354,951	$-849,175	-2.6%

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

459

Volunteers

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

$2,522,262

Total Directors

Key Employees

$2,739,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW C MURPHY	MEMBER/CHAIR (THRU 11/13/2025)	2.00	Director	$0	$0	$0
NICHOLAS SEMINARA	CHAIR (AS OF 11/13/2025)	2.00	Director	$0	$0	$0
JEREMY T CONNOR	VICE CHAIR	2.00	Director	$0	$0	$0
ROBERT BOWERS	MEMBER	2.00	Director	$0	$0	$0
TIMOTHY CONSTIEN	MEMBER	2.00	Director	$0	$0	$0
JAMES GADBERRY	MEMBER	2.00	Director	$0	$0	$0
SCOTT JACKSON	MEMBER	2.00	Director	$0	$0	$0
DONALD JONES	MEMBER (THRU 7/11/2025)	2.00	Director	$0	$0	$0
SEJUNG KIM	MEMBER	2.00	Director	$0	$0	$0
DAVID LOVELY	MEMBER	2.00	Director	$0	$0	$0
DAN MOORE	MEMBER	2.00	Director	$0	$0	$0
JEFF MOORE	MEMBER	2.00	Director	$0	$0	$0
JARROD MURREITA	MEMBER	2.00	Director	$0	$0	$0
MICHAEL T PAYNE	MEMBER	2.00	Director	$0	$0	$0
ERIC STONE	MEMBER (AS OF 11/8/25)	2.00	Director	$0	$0	$0
MICHELE WYATT	MEMBER	2.00	Director	$0	$0	$0
DAVID GLAWE	CHIEF EXECUTIVE OFFICER	50.00	Officer	$907,456	$35,473	$942,929
TIMOTHY R SLATER	CHIEF OPERATING OFFICER	50.00	Officer	$561,893	$29,067	$617,410
CAROLYN BELLISIO	CHIEF FINANCIAL OFFICER/TREASURER	50.00	Officer	$464,590	$39,491	$514,120
RICHARD DIZINNO	GENERAL COUNSEL/SECRETARY	40.00	Officer	$415,389	$25,121	$447,803
DANIEL ABBOTT	VICE PRESIDENT/PEMS	40.00	Key Emp	$323,357	$55,386	$378,743
JOHN SELLECK	VICE PRESIDENT/OIA	40.00	Key Emp	$305,683	$24,292	$329,975
KAREN GRACZYK	VICE PRESIDENT/ITD	40.00	Key Emp	$266,766	$62,513	$329,279
JAMES BERRY	VP/LEARNING & DEVELOPMENT	50.00	Key Emp	$179,473	$20,801	$327,277
ROBERT COOPER	VP/ASSOC GEN COUNSEL	40.00	Key Emp	$240,638	$62,602	$318,609
BETSY BODKER	VICE PRESIDENT/HR	40.00	Key Emp	$243,024	$32,236	$275,260
KYLE MCCOLLUM	VICE PRESIDENT/SPGA (AS OF 12/9/24)	40.00	Key Emp	$212,606	$29,977	$242,583
CHRISTOPHER STROISCH	VP/COMMUNICATIONS	40.00	Key Emp	$241,797	$15,897	$257,694
JAMES DAWSON	CHIEF DATA ARCHITECT	40.00	Key Emp	$261,354	$19,222	$280,576
GEORGE WORSHAM	DIRECTOR REGIONAL OPERATIONS	40.00	Highest	$214,369	$58,106	$272,475
MATTHEW HANNA	CHIEF OF STAFF	40.00	Highest	$256,937	$17,341	$274,278
WILLIAM WOOLF	DIRECTOR REGIONAL OPERATIONS	40.00	Highest	$197,490	$45,231	$242,721
IAN LAUGHLIN	DIRECTOR DATA SCIENCE	2.00	Highest	$204,399	$15,318	$219,717
KEVIN GALLAGHER	DIRECTOR REGIONAL OPERATIONS	40.00	Highest	$209,853	$15,017	$224,870

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	$73,289,029	$71,934,078	$94,684,569	$1,354,951
2024	$68,357,676	$69,206,851	$87,135,885	$-849,175
2023	$69,612,406	$70,253,411	$82,072,012	$-641,005
2022	$70,711,375	$71,034,870	$72,654,250	$-323,495
2021	$72,381,622	$64,676,141	$77,958,509	$7,705,481
2020	$76,014,415	$65,719,760	$69,069,184	$10,294,655
2019	$67,132,284	$64,164,106	$62,189,559	$2,968,178
2018	$64,626,499	$61,427,931	$51,075,995	$3,198,568