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NEW YORK INSURANCE ASSOCIATION INC
ALBANY, NY · EIN 161521843 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$2.1M
expenses
$2.0M
net assets
$2.1M
employees
7
volunteers
15
mission · from form 990

TO PROMOTE THE DEVELOPMENT, PRESERVATION, OPERATION, MAINTENANCE AND GENERAL WELFARE OF THE INSURANCE INDUSTRY IN THE STATE OF NEW YORK FOR THE BENEFIT OF THE INDUSTRY AND THE INSURANCE-BUYING PUBLIC.

profile · synthesized from sources

Trade association dedicated to advancing the insurance industry in New York State. Works to support the development, operation, and maintenance of the insurance sector through advocacy, education, and industry coordination. Serves both insurance professionals and the insurance-buying public across New York.

named programs · 2 · from sources

What they call their work

Industry Advocacy
Represents the interests of the insurance industry before state regulators and legislators in New York
Professional Development
Provides education and training programs for insurance industry professionals
activities · 1 group

What they do

  • Insurance Industry Trade Association 1 activity
    • Advocacy for the insurance industry in New York State
      Engages in advocacy to promote the development, preservation, operation, maintenance, and general welfare of the insurance industry in New York State.
financials · form 990 · fy2024
revenue
Total revenue$2.07M
Contributions & grants$00%
Program service revenue$1.93M93%
Investment income$107K5%
Other revenue$39K
expenses
Total expenses$2.02M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.37M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$2.23M
Cash$393K
Investments$1.54M
Liabilities$124K
Net assets$2.11M
Liquid reserves11.5 mo
5 years on record · 2020–2024 · YoY revenue +9.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
ELLEN MELCHIONNI PRESIDENT 40 $472K
CASSANDRA ANDERSON VICE PRESIDENT 40 $262K
ROBERT FARLEY GENERAL COUNSEL 40 $160K
STACEY ORLANDO DIRECTOR OF DESIGN/TECH 40 $160K
board members · 10
  • BENEDIKT SANDER — BOARD MEMBER
  • CHARLES MAKEY — IMMEDIATE PAST CHAIR
  • DAVID MCHALE — BOARD MEMBER
  • DEIRDRE MANNA — BOARD MEMBER
  • JOHN CERRONE — BOARD MEMBER
  • KRISTIN MARTIN — BOARD MEMBER
  • MARK DOMBROWSKI — BOARD MEMBER
  • MARTIN BOGUE — BOARD MEMBER
  • MATTHEW BENEDICT — BOARD MEMBER
  • SCOTT SHATRAW — BOARD MEMBER
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Industry Advocacy and Systemic Support
    methodology: industry-advocacy
    By advancing the insurance industry through systemic support and operational integrity, we improve long-term sustainability and public benefit, because a stable and well-functioning insurance sector better serves both stakeholders and the broader population.