Mission
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Massachusetts state statute, Chapter 1 75 D, G. L. Mass., enacted as Chapter 261, Laws 1970.
Public Charity
MASSACHUSETTS INSURERS INSOLVENCY FUND
MASSACHUSETTS INSURERS INSOLVENCY FUND is a nonprofit organization categorized as Public Charity based in Boston, MA. Its most recent IRS filing (2024) reports revenue of $8.0M, expenses of $11.9M, total assets of $199.5M.
EIN: 237304306
Boston, MA
Latest filing: 2024
Total Revenue$8.0M
Total Expenses$11.9M
Total Assets$199.5M
Grant Records0
Filing Years2017–2024
Where $100 goes at Massachusetts Insurers Insolvency Fund
How Massachusetts Insurers Insolvency Fund divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Massachusetts state statute, Chapter 1 75 D, G
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
representing Farmers Prop. & Cas. Ins. Co.
Adam Robitaille Board Member
representing Arbella Mutual Insurance Company
Chris Hall Board Member
representing Safety Insurance Company
Chris Whitford Vice Chair
representing Liberty Mutual Insurance Co.
Donald Baldini Chair
representing MEMIC Indemnity Company
Eileen Fongemie Board Member
representing The Hanover Insurance Group
Harris E Berenson Board Member
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $8.0M | $11.9M | $199.5M |
| 2023 | $4.1M | $11.3M | $203.4M |
| 2022 | $904K | $11.0M | $210.6M |
| 2020 | $9.5M | $9.2M | $202.5M |
| 2017 | $5.0M | $11.0M | $174.9M |
Between 2017 and 2024, reported annual revenue grew from $5.0M to $8.0M (+60%), with total assets most recently reported at $199.5M.
Interactive year-over-year charts and full filing details available with membership.