Insurance Fraud Bureau of Massachusetts
Nonprofit profile at a glance
- EIN
- 043107028
- IRS 990 coverage
- 2020–2025
- Forms available
- Form 990 2025
- Location
- Boston, MA, USA
- Phone
- 6174390439
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $12,021,901
- Expenses
- $11,310,443
- Assets
- $8,136,469
- Liabilities
- $2,604,812
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- Anthony DiPaolo (Executive Director)
Highest reported compensation
- Anthony DiPaolo (Executive Director): $462,717 total reported compensation
- Laura Kessler (V.P., General Counsel): $372,426 total reported compensation
- M Katherine Mulligan (V.P., Chief of Investigations): $285,744 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is an entity authorized by Massachusetts General Laws to prevent, detect and investigate insurance fraud. The Bureau works with law enforcement and public prosecutors on matters involving potential crime violation of insurance fraud laws.
What it reported doing in 2025
The Bureau referred 142 cases to federal, state, and local prosecutors during the year, and supported those prosecutors in the location of witnesses, witness interviews, delivery of subpoenas and additional investigation. 90 individuals were initially charged with insurance fraud and other crimes during 2025 and 98 court cases with prosecution reached a final disposition.
Operating model
- Revenue model
- Other-operating. 97% 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
MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 91
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 79.6%; rating input score 80; 23rd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.9%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 22.6%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $463K · 25 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: 12 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.