INSURANCE INSTITUTE FOR HIGHWAY SA… - 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

1959

Legal Domicile

Principal Officer

MICHAEL D FAGIN

Phone

7032471500

Tax Period

2023-01-01 to 2023-12-31

INSURANCE INSTITUTE FOR HIGHWAY SAFETY, founded in 1959, is a mid-sized nonprofit in the Public Safety sector that reported $36.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $34.1M left a modest 6% surplus.

Mission

THE INSURANCE INSTITUTE FOR HIGHWAY SAFETY IS AN INDEPENDENT, NONPROFIT, SCIENTIFIC AND EDUCATIONAL ORGANIZATION. IT IDENTIFIES AND EVALUATES WAYS TO REDUCE THE HUMAN AND ECONOMIC LOSSES RESULTING FROM MOTOR VEHICLE CRASHES AND COMMUNICATES THE RESULTS OF THAT RESEARCH TO THE PUBLIC, FEDERAL, STATE, AND LOCAL HIGHWAY AND VEHICLE SAFETY OFFICIALS, VEHICLE MANUFACTURERS, INSURERS, THE MEDIA, THE RESEARCH COMMUNITY AND OTHERS.

Program Service Accomplishments

Program 1

Expenses: $4,460,584

RESEARCH PROJECTS: PROJECTS UNDERTAKEN TO IDENTIFY AND EVALUATE METHODS OF REDUCING THE PERSONAL INJURIES AND PROPERTY DAMAGE RESULTING FROM THE USE OF MOTOR VEHICLES. RESEARCH INCLUDES THE HUMAN...

RESEARCH PROJECTS: PROJECTS UNDERTAKEN TO IDENTIFY AND EVALUATE METHODS OF REDUCING THE PERSONAL INJURIES AND PROPERTY DAMAGE RESULTING FROM THE USE OF MOTOR VEHICLES. RESEARCH INCLUDES THE HUMAN FACTORS ASSOCIATED WITH TEENAGE DRIVERS, ALCOHOL-IMPAIRED DRIVING, TRUCK DRIVER FATIGUE,SEAT BELT USE AND OTHER AREAS. RESEARCH ABOUT THE PHYSICAL ENVIRONMENT INCLUDES, FOR EXAMPLE, ASSESSMENT OF ROADWAY DESIGNS TO REDUCE RUN-OFF-THE-ROAD CRASHES AND TO ELIMINATE ROADSIDE HAZARDS.

Program 2

Expenses: $15,529,996 Revenue: $3,619,398

VEHICLE RESEARCH CENTER PROJECTS: ENGINEERING AND OTHER RESOURCE SUPPORT FOR VEHICLE RELATED RESEARCH PROJECTS AND VEHICLE CRASH TESTING TO EVALUATE THE ABILITY OF VEHICLES TO PROTECT THEIR OCCUPANTS IN FRONT, SIDE, REAR, AND ROLLOVER CRASHES. THE LATEST PROJECTS INCLUDE THE EVALUATION OF ELECTRONIC SYSTEMS DESIGNED TO ENHANCE VEHICLE CRASH AVOIDANCE CAPABILITIES.

Program 3

Expenses: $5,120,402

COMMUNICATIONS PROJECTS: PROJECTS UNDERTAKEN TO DISSEMINATE INFORMATION TO THE PUBLIC CONCERNING MOTOR VEHICLE AND HIGHWAY RESEARCH DONE BY THE INSTITUTE AND BY OTHER ORGANIZATIONS INVOLVED IN MOTOR VEHICLE AND HIGHWAY SAFETY. THE INSTITUTE'S PUBLIC WEBSITE PROVIDES INFORMATION ON THE INSTITUTE'S RESEARCH AND ON THE INSTITUTE'S CRASH TESTING TO EVALUATE THE CRASHWORTHINESS OF VEHICLES, AS WELL AS ON NEW RESEARCH PERFORMED ON VEHICLE BASED CRASH AVOIDANCE SYSTEMS.

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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 $33,340,540

Investment Income $2,973,779

Other Revenue $15,261

TOTAL REVENUE $36,329,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,998,355

Fundraising Expenses $0

Program Expenses $30,032,174

Other Expenses $19,124,448

TOTAL EXPENSES $34,122,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,329,580	$32,818,452	+0.1%
Expenses	$34,122,803	$32,173,805	+0.1%
Net Income	$2,206,777	$644,647	+2.4%

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

105

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

$1,360,857

Total Directors

$1,023,243

Key Employees

$1,520,561

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT ZIEGLER	CHAIRMAN	1.00	Director	$0	$0	$0
BILL WESTRATE	CHARIMAN-ELECT	0.60	Director	$0	$0	$0
NEIL ALLDREDGE	DIRECTOR	0.30	Director	$0	$0	$0
ALLEN ANDERSON	DIRECTOR	0.30	Director	$0	$0	$0
STEVEN BERG	DIRECTOR	0.30	Director	$0	$0	$0
DAN CLAPP	DIRECTOR	0.30	Director	$0	$0	$0
CODY COOK	DIRECTOR	0.30	Director	$0	$0	$0
BRIAN DEEPHOUSE	DIRECTOR	0.30	Director	$0	$0	$0
BEN EWBANK	DIRECTOR	0.30	Director	$0	$0	$0
STEPHANIE GROBIN	DIRECTOR	0.30	Director	$0	$0	$0
DANIEL HALSEY	DIRECTOR	0.30	Director	$0	$0	$0
JEFFERY HAY	DIRECTOR	0.30	Director	$0	$0	$0
BRONWYN KOOPMAN	DIRECTOR	0.30	Director	$0	$0	$0
TRACEY LAWS	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT LYON	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS MALONE	DIRECTOR	0.30	Director	$0	$0	$0
STAN MCNAUGHTON	DIRECTOR	0.30	Director	$0	$0	$0
CHAD MIROCK	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL MOORE	DIRECTOR	0.30	Director	$0	$0	$0
TED MURPHY	DIRECTOR	0.30	Director	$0	$0	$0
TIM NEE	DIRECTOR	0.30	Director	$0	$0	$0
GINGER PURGATORIO	DIRECTOR	0.30	Director	$0	$0	$0
HOLLY RESTON	DIRECTOR	0.30	Director	$0	$0	$0
STEVE RULISON	DIRECTOR	0.30	Director	$0	$0	$0
DAVID SAMPSON	DIRECTOR	0.30	Director	$0	$0	$0
DUANE SANDERS	DIRECTOR	0.30	Director	$0	$0	$0
TODD WALKER	DIRECTOR	0.30	Director	$0	$0	$0
DAVID HARKEY	PRESIDENT	36.00	Officer Director	$760,199	$86,094	$1,023,243
MICHAEL FAGIN	SECRETARY/TREASURER	36.00	Officer	$242,638	$33,473	$337,614
JOSEPH NOLAN	SR. V.P. - VRC & CHIEF ADM	36.00	Key Emp	$241,026	$51,619	$353,590
RUSSELL RADER	SR. VICE PRES	45.00	Key Emp	$304,158	$39,621	$343,779
DAVID ZUBY	EXECUTIVE V.P. - VRC & CHI	36.00	Key Emp	$300,322	$58,262	$433,564
MATTHEW MOORE	SR. VICE PRESIDENT	9.00	Key Emp	$65,651	$68,959	$389,628
CHARLES FARMER	DIR STATISTICAL SERV	35.00	Highest	$248,630	$45,906	$294,536
PINI KALNITE	DIR FILM & MEDIA SER	35.00	Highest	$241,582	$56,229	$297,811
MICHAEL POWELL	DIRECTOR OF IT	35.00	Highest	$182,540	$56,550	$239,090
JESSICA CICCHINO	VP, RESEARCH	35.00	Highest	$207,060	$32,375	$239,435
JESSICA JERMAKIAN	SR. RESEARCH ENGINEER	35.00	Highest	$198,865	$34,711	$233,576

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	$36,329,580	$34,122,803	$63,981,673	$2,206,777
2022	$32,818,452	$32,173,805	$62,564,663	$644,647
2021	$30,892,913	$29,337,192	$62,581,399	$1,555,721
2020	$27,821,966	$26,987,559	$58,846,539	$834,407
2019	$30,764,265	$29,683,878	$55,316,287	$1,080,387
2018	$29,118,621	$28,210,494	$51,632,694	$908,127

INSURANCE INSTITUTE FOR HIGHWAY SAFETY