MASSACHUSETTS INSURANCE FEDERATION INC (EIN 450507615) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

Dan olohan

Phone

6175575538

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS INSURANCE FEDERATION INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $581K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $508K left a modest 13% surplus.

Mission

TO FOSTER A RELATIONSHIP OF UNDERSTANDING AND RESPECT BETWEEN THE PEOPLE AND THE GOVERNMENT OF MASS. AND THE BUSINESS OF PROPERTY AND CASUALTY INSURANCE.

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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 $0

Program Service Revenue $539,000

Investment Income $17,119

Other Revenue $24,778

TOTAL REVENUE $580,897

Expense Breakdown

Grants Paid $1,022

Salaries & Benefits $285,405

Fundraising Expenses $0

Other Expenses $221,390

TOTAL EXPENSES $507,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,897	$516,666	+0.1%
Expenses	$507,817	$487,736	+0.0%
Net Income	$73,080	$28,930	+1.5%

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

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

$253,592

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER STARK	Executive DirectoR	40.0	Officer	$244,180	$9,412	$253,592
Elizabeth Brodeur	Director	3.0	Director	$0	$0	$0
Tom Hambrick	DIRECTOR	3.0	Director	$0	$0	$0
DAN LANDERS	DIRECTOR	3.0	Director	$0	$0	$0
Jennifer Morrison	DIRECTOR	3.0	Director	$0	$0	$0
Julianne M Bowler	DIRECTOR	3.0	Director	$0	$0	$0
Tom Hyman	DIRECTOR	3.0	Director	$0	$0	$0
Seth Lamont	DIRECTOR	3.0	Director	$0	$0	$0
Aaron Miller	DIRECTOR	3.0	Director	$0	$0	$0
Javier Tapia	DIRECTOR	3.0	Director	$0	$0	$0
Samantha Freedman	Vice President	3.0	Officer Director	$0	$0	$0
Diane Chapman	DIRECTOR	3.0	Director	$0	$0	$0
Harris Berenson	DIRECTOR	3.0	Director	$0	$0	$0
Dick Welch	DIRECTOR	3.0	Director	$0	$0	$0
DonALD Baldini	Clerk, Treasurer, DIRECTOR	3.0	Officer Director	$0	$0	$0
Dan Olohan	President, DIRECTOR	3.0	Officer Director	$0	$0	$0
JOHN CERRONE	DIRECTOR	3.0	Director	$0	$0	$0
Bill Holliday	DIRECTOR	3.0	Director	$0	$0	$0
MATTHEW LAVIGNE	DIRECTOR	3.0	Director	$0	$0	$0
Joseph White	DireCTOR	3.0	Director	$0	$0	$0
Jeff Beck	DIRECTOR	3.0	Director	$0	$0	$0
Courtney Larkin	President, DIRECTOR	3.0	Director	$0	$0	$0
LINDSAY SCOTT	DIRECTOR	3.0	Director	$0	$0	$0
Lauren Kavanaugh	DIRECTOR	3.0	Director	$0	$0	$0
William Cahill	DIRECTOR	3.0	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	$580,897	$507,817	$774,270	$73,080
2022	$516,666	$487,736	$772,190	$28,930
2021	$538,159	$525,903	$608,138	$12,256
2020	$524,080	$515,777	$720,882	$8,303
2019	$507,133	$501,068	$627,579	$6,065
2018	$557,608	$496,600	$711,514	$61,008

MASSACHUSETTS INSURANCE FEDERATION INC