American Insurance Association Inc

Nonprofit profile at a glance

EIN
133173374
IRS 990 coverage
2011–2018
Forms available
Form 990 2018
Location
Washington, DC, USA
Phone
2028287100
Rating confidence
Limited
Sector
Professional Societies, Associations

Reported finances

Revenue
$19,226,773
Expenses
$30,278,333
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • JOHN DEGNAN (PRESIDENT AND CEO)
  • FRED C BOSSE (VICE PRESIDENT)
  • ALISON COOPER (VICE PRESIDENT)
  • JOSEPH A DIGIOVANNI (SENIOR VICE PRESIDENT)
  • RONALD V JACKSON (VICE PRESIDENT)
  • WES MCCLELLAN (VICE PRESIDENT)

Highest reported compensation

  • JOHN DEGNAN (PRESIDENT AND CEO): $1,287,720 total reported compensation
  • JOSEPH S ZIELEZIENSKI (SENIOR VP & GENERAL COUNSE): $787,941 total reported compensation
  • JOSEPH A DIGIOVANNI (SENIOR VICE PRESIDENT): $601,456 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The american insurance association (aia) is a member organization, the purpose of which is to promote the economic, legislative, and public standing of its participating property and casualty insurers; to provide a forum for the discussion of problems that are of common concern to member companies; to promote the interests of such companies in every legitimate manner, consistent with the public welfare; to keep member companies informed of regulatory and legislative developments; to service the public interest through appropriate activities, including the promotion of safety and security of persons and property; to furnish other related and similar services; to enhance the public knowledge and perception of the property-casualty insurance industry; and to engage in any other lawful act or activity for which a corporation may be organized under the general corporation law of the state of Delaware in furtherance of the foregoing purposes.

What it reported doing in 2018

Representation of member property & casualty insurance companies on legislative and economic issues as well as enhancement of public knowledge and perception of the property-casualty industry. Aia represents more than 400 property-casualty insurance companies. Aia also produces several publications and issues hundreds of bulletins, committee mailings, and information updates.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating 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: 80
  • Accountability: 95
  • Sustainability: 1
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 4th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 73.2%; rating input score 73; 16th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 67th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: -57.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 26.7%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.8% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: -6.1% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 19 of 19 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.3M · 41 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $758K reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 8 filing years from 2011 to 2018
  • Contacts: How to reach this organization
  • Money network: 32 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.