Motor Vehicle Accident Indemnification Corporation
501(c)(6)
Growing revenue
Motor Vehicle Accident Indemnification Corporation is a 501(c)(6) organization based in New York, New York, registered in 1960, with $61,556,496 in FY2024 revenue.
100 William St 14th Fl, New York, NY, 10038 EIN 13-5672354 Since 1960
Revenue (FY2024)
$61.6M
▼ 1.6% vs prior year
Expenses (FY2024)
$52.5M
Net assets
$14.5M
Employees
75
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Motor Vehicle Accident Indemnification Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Motor Vehicle Accident Indemnification Corporation: 3 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Motor Vehicle Accident Indemnification Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Motor Vehicle Accident Indemnification Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To compensate injured victims of uninsured stolen or unidentified motorists.
What they do
Reserve for loss and allocated loss adjustment expenses
Reserve for unallocated loss adjustment expenses
Contact & location
Financial trends
Revenue grew from $32.1M (FY2013) to $61.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $108.4MNet assets $14.5M
Operating margin
14.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$122.9M
Total liabilities
$108.4M
Net assets
$14.5M
Salaries & benefits
$8.4M
16% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,556,496▼1.6% | $52,451,653▼16.6% | $14,483,684▲266% | $122,889,746▲9.7% | 990 |
| 2023 | $62,554,974▲3.0% | $62,858,486▲14.6% | $3,961,983▲79.9% | $112,070,139▲15.4% | 990 |
| 2022 | $60,707,232▲33.2% | $54,827,481▲20.8% | $2,201,906▲18.5% | $97,106,001▲10.1% | 990 |
| 2021 | $45,559,851▲66.4% | $45,377,724▲34.7% | $1,858,833▼44.2% | $88,183,278▲4.5% | 990 |
| 2020 | $27,375,866▼33.2% | $33,679,016▼7.6% | $3,328,591▼59.1% | $84,374,495▲0.3% | 990 |
| 2019 | $40,992,530▲30.2% | $36,455,509▲3.4% | $8,130,094▲5523% | $84,149,024▲11.7% | 990 |
| 2017 | $31,492,864▲0.9% | $35,264,541▲2.4% | $144,599▼96.4% | $75,304,546▲0.5% | 990 |
| 2016 | $31,221,241▼0.4% | $34,447,267▲20.0% | $4,038,026▼46.3% | $74,934,370▲0.1% | 990 |
| 2015 | $31,345,595▼15.2% | $28,700,125▲10.5% | $7,517,145▲45.1% | $74,840,365▲2.7% | 990 |
| 2014 | $36,950,332▲15.1% | $25,983,048▼23.2% | $5,180,811▲189% | $72,896,418▲12.4% | 990 |
| 2013 | $32,107,064 | $33,844,213▲10.4% | -$5,827,595▼0.4% | $64,844,113▲0.5% | 990 |
| 2012 | — | $30,659,923▲4.9% | -$5,803,926▲6.7% | $64,491,337▲5.7% | 990 |
| 2011 | — | $29,228,109▼8.0% | -$6,218,747▼26.1% | $61,039,968▲2.2% | 990 |
| 2010 | — | $31,771,615▲19.4% | -$4,933,454▼163% | $59,710,375▼17.4% | 990 |
| 2008 | — | $26,599,343 | $7,870,779 | $72,253,217 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jason Dooley — $267,309 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jason Dooley | President | 35 | $267,309 |
| Christina M Frazitta | Vice President and Board Secretary | 35 | $218,532 |
| Jaime E Gangemi | Manager, Legal Department | 35 | $199,440 |
| Boris Kazakevich | Manager Claims | 35 | $171,297 |
| Dominic A Dillon | Controller | 35 | $170,913 |
| Eric Pappalardi | Manager, Siu & Qualifications | 35 | $170,643 |
| David J Calabro | Manager, It | 35 | $164,133 |
| David Charles | Operations Manager | 35 | $136,737 |
| Sheila Ahmed | Attorney | 35 | $131,051 |
| Ann Gangi | Attorney | 35 | $129,926 |
| Andrew Staub | Attorney | 35 | $124,519 |
| Jasmine S James | Attorney | 35 | $113,544 |
| Abby Puleo | Director | 0.1 | — |
| David Fernandez | Director | 0.1 | — |
| Eddie Alejandro | Director | 0.1 | — |
| Isaac Zamdas | Director | 0.1 | — |
| Maura Clancy | Director | 0.1 | — |
| Michael Hales | Director | 0.1 | — |
| Robert Weir | Director | 0.1 | — |
| Suzanne Procello | Director | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Marshall & Marshall P LLC | Legal Services | $4,327,872 |
| American Arbitration Association | Arbitration Services | $1,098,182 |
| Scs Support Claim Services | Peer Review | $1,063,885 |
| Ventiv Technology Inc | Bill Review | $634,057 |
| Quarterhorse Technology | It Overview | $505,120 |
Frequently asked questions
- Is Motor Vehicle Accident Indemnification Corporation a legitimate nonprofit?
- Yes. Motor Vehicle Accident Indemnification Corporation is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 13-5672354, based in New York, New York.
- What is Motor Vehicle Accident Indemnification Corporation's EIN?
- Motor Vehicle Accident Indemnification Corporation's Employer Identification Number (EIN) is 13-5672354.
- How much revenue does Motor Vehicle Accident Indemnification Corporation report?
- Motor Vehicle Accident Indemnification Corporation reported $61,556,496 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Motor Vehicle Accident Indemnification Corporation's highest-paid employee make?
- The highest reported compensation on Motor Vehicle Accident Indemnification Corporation's latest Form 990 is $267,309, paid to Jason Dooley (President).
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Data for Motor Vehicle Accident Indemnification Corporation (EIN 13-5672354) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.