Motor Vehicle Accident Indemnification Corporation
Motor Vehicle Accident Indemnification Corporation shows consistent asset growth and operational stability with no reported officer compensation.
EIN: 135672354 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $81.0M |
| Total Expenses | $62.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $4.0M |
| Transparency Score | 75/100 |
Is Motor Vehicle Accident Indemnification Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Motor Vehicle Accident Indemnification Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Motor Vehicle Accident Indemnification Corporation
Motor Vehicle Accident Indemnification Corporation (EIN: 135672354) is a nonprofit organization based in New York, NY. The organization reported total revenue of $81.0M and total assets of $122.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Motor Vehicle Accident Indemnification Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Motor Vehicle Accident Indemnification Corporation is a major nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62.6M |
| Total Expenses | $62.9M |
| Surplus / Deficit | $-303,512 |
| Total Assets | $112.1M |
| Total Liabilities | $108.1M |
| Net Assets | $4.0M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 96.5% |
| Months of Reserves | 21.4 months |
Financial Health Grade: C
In 2023, Motor Vehicle Accident Indemnification Corporation reported a deficit of $304K with expenses exceeding revenue, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 96.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Motor Vehicle Accident Indemnification Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +14.6% | +15.4% |
| 2022 | +33.2% | +20.8% | +10.1% |
| 2021 | +66.4% | +34.7% | +4.5% |
| 2020 | -33.2% | -7.6% | +0.3% |
| 2019 | +16.5% | +9.4% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Motor Vehicle Accident Indemnification Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Motor Vehicle Accident Indemnification Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $304K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of this size with revenues exceeding $60 million. This suggests that executive compensation may be structured differently or not reported under this specific line item on the 990s, warranting further inquiry.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Motor Vehicle Accident Indemnification Corporation's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, which is unusual for an organization of this size and warrants further investigation.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Motor Vehicle Accident Indemnification Corporation:
- Strong and consistent growth in assets, from $72,896,418 in 2014 to $112,070,139 in 2023, indicating financial stability.
- Ability to manage increasing liabilities, with assets consistently exceeding liabilities, demonstrating sound financial management.
- Consistent operational presence over a decade with 13 filings, suggesting a stable and established organization.
Frequently Asked Questions about Motor Vehicle Accident Indemnification Corporation
Is Motor Vehicle Accident Indemnification Corporation a legitimate charity?
Motor Vehicle Accident Indemnification Corporation (EIN: 135672354) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $81.0M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Motor Vehicle Accident Indemnification Corporation spend its money?
Motor Vehicle Accident Indemnification Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Motor Vehicle Accident Indemnification Corporation tax-deductible?
Motor Vehicle Accident Indemnification Corporation is registered as a tax-exempt nonprofit (EIN: 135672354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Motor Vehicle Accident Indemnification Corporation CEO make?
Motor Vehicle Accident Indemnification Corporation's highest-compensated officer earns $60 annually. The organization reported $81.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Motor Vehicle Accident Indemnification Corporation located?
Motor Vehicle Accident Indemnification Corporation is headquartered in New York, New York and files with the IRS under EIN 135672354.
How many years of IRS 990 filings does Motor Vehicle Accident Indemnification Corporation have?
Motor Vehicle Accident Indemnification Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $81.0M in total revenue.
Is Motor Vehicle Accident Indemnification Corporation a good charity?
Based on the available financial data, MVAIC appears to be a financially stable organization with growing assets and a clear purpose. However, without detailed breakdowns of program vs. administrative spending and clarity on executive compensation, a full assessment of its 'goodness' as a charity is challenging. Its role as an indemnification corporation means its 'charitable' impact is through providing coverage rather than traditional programmatic services.
How does MVAIC manage its executive compensation?
The IRS 990 filings consistently report 0% for officer compensation. This is highly unusual for an organization with over $60 million in annual revenue and suggests that executive compensation is either not paid, paid by a related entity, or reported under a different expense category not specified in the summary data. Further investigation into their compensation practices would be necessary.
What is the trend in MVAIC's financial health?
MVAIC has shown a strong trend of increasing assets, from $72,896,418 in 2014 to $112,070,139 in 2023. While there are minor year-to-year operational deficits (e.g., 202312 with expenses exceeding revenue by $303,512), the overall growth in assets and ability to cover liabilities indicates robust financial health and stability over the long term.
What percentage of MVAIC's expenses go to its core mission?
Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's difficult to provide an exact percentage. However, given its nature as an indemnification corporation, it is highly probable that a significant majority of its expenses are directly related to claims and operational costs associated with its core mission of providing motor vehicle accident indemnification.
Filing History
IRS 990 filing history for Motor Vehicle Accident Indemnification Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Motor Vehicle Accident Indemnification Corporation's revenue has grown by 107.7%, moving from $30.1M to $62.6M. Total assets increased by 83.6% over the same period, from $61.0M to $112.1M. Total functional expenses rose by 115.1%, from $29.2M to $62.9M. In its most recent filing year (2023), Motor Vehicle Accident Indemnification Corporation reported a deficit of $304K, with expenses exceeding revenue. The organization holds $108.1M in liabilities against $112.1M in assets (debt-to-asset ratio: 96.5%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62.6M | $62.9M | $112.1M | $108.1M | — | View 990 |
| 2022 | $60.7M | $54.8M | $97.1M | $94.9M | — | View 990 |
| 2021 | $45.6M | $45.4M | $88.2M | $86.3M | — | View 990 |
| 2020 | $27.4M | $33.7M | $84.4M | $81.0M | — | — |
| 2019 | $41.0M | $36.5M | $84.1M | $76.0M | — | View 990 |
| 2018 | $35.2M | $33.3M | $76.8M | $75.5M | — | — |
| 2017 | $31.5M | $35.3M | $75.3M | $75.2M | — | View 990 |
| 2016 | $31.2M | $34.4M | $74.9M | $70.9M | — | View 990 |
| 2015 | $31.3M | $28.7M | $74.8M | $67.3M | — | View 990 |
| 2014 | $37.0M | $26.0M | $72.9M | $67.7M | — | View 990 |
| 2013 | $32.1M | $33.8M | $64.8M | $70.7M | — | View 990 |
| 2012 | $31.2M | $30.7M | $64.5M | $70.3M | — | View 990 |
| 2011 | $30.1M | $29.2M | $61.0M | $67.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62.6M, expenses of $62.9M, and assets of $112.1M (revenue +3.0% year-over-year).
- 2022: Revenue of $60.7M, expenses of $54.8M, and assets of $97.1M (revenue +33.2% year-over-year).
- 2021: Revenue of $45.6M, expenses of $45.4M, and assets of $88.2M (revenue +66.4% year-over-year).
- 2020: Revenue of $27.4M, expenses of $33.7M, and assets of $84.4M (revenue -33.2% year-over-year).
- 2019: Revenue of $41.0M, expenses of $36.5M, and assets of $84.1M (revenue +16.5% year-over-year).
- 2018: Revenue of $35.2M, expenses of $33.3M, and assets of $76.8M (revenue +11.7% year-over-year).
- 2017: Revenue of $31.5M, expenses of $35.3M, and assets of $75.3M (revenue +0.9% year-over-year).
- 2016: Revenue of $31.2M, expenses of $34.4M, and assets of $74.9M (revenue -0.4% year-over-year).
- 2015: Revenue of $31.3M, expenses of $28.7M, and assets of $74.8M (revenue -15.2% year-over-year).
- 2014: Revenue of $37.0M, expenses of $26.0M, and assets of $72.9M (revenue +15.1% year-over-year).
- 2013: Revenue of $32.1M, expenses of $33.8M, and assets of $64.8M (revenue +3.0% year-over-year).
- 2012: Revenue of $31.2M, expenses of $30.7M, and assets of $64.5M (revenue +3.5% year-over-year).
- 2011: Revenue of $30.1M, expenses of $29.2M, and assets of $61.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Motor Vehicle Accident Indemnification Corporation:
Data Sources and Methodology
This transparency report for Motor Vehicle Accident Indemnification Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.