Aais
Legal name: American Association of Insurance Services
Nonprofit profile at a glance
- EIN
- 362021360
- IRS 990 coverage
- 2019–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Lisle, IL, US
- Phone
- 800.564.AAIS
- Rating confidence
- Limited
Reported finances
- Revenue
- $32,434,149
- Expenses
- $26,905,697
- Assets
- $37,531,485
- Liabilities
- $19,702,399
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- WERNER KRUCK (PRESIDENT & CEO)
- JOHN KADOUS THRU 6302025 (VICE PRESIDENT OF PRODUCTS)
- KEN SAYERS (VICE PRESIDENT OF TECHNOLOGY)
- MICHAEL PAYNE (VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI)
- EDMUND KELLY (FORMER PRESIDENT & CEO)
Highest reported compensation
- EDMUND KELLY (FORMER PRESIDENT & CEO): $1,205,152 total reported compensation
- WERNER KRUCK (PRESIDENT & CEO): $1,190,875 total reported compensation
- MICHAEL PAYNE (VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI): $700,627 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enable success for the property & casualty insurance community.
What it reported doing in 2024
Aais collects company insurance data on behalf of state regulators and reports such data to the regulators in order to satisfy member companies statutory reporting requirements. For the fiscal year ended june 30, 2025, aais processed approximately 9,240,000 claims records with total loss estimates of approximately $40.5 billion. Aais also collects third party data from a variety of public and proprietary data sources to refine risk management advisory services. This includes data on economic activity, fire incidents, regional exposure attributes, weather, crime, census information, market share information, fire station and fire hydrant location information. Over 238,000,000 records of related third party data were utilized for various advisory support activities during fiscal year ended june 30, 2025.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 85
- Sustainability: 55
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 1.39; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 18.8%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.8% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 16% per year; rating input score 100; 83rd percentile among comparable filings
Details
- What they do: 12 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.2M · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.6M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.