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Filing year 2024

NEW YORK COMPENSATION INSURANCE RATING BOARD

New York, New York·EIN 13-0594020·6
Total revenue
$25.4M
Total assets
$53.3M
Total expenses
$24.2M
Reported officers
21
Mission

THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF PRICING VALUES AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2024

$693k
$749k
Base
$528k
Bonus
$150k
Other
Benefits
$3k
Sr. Vice President
vice president
$498k
$539k
Base
$347k
Bonus
$90k
Other
Benefits
$50k
Director of Actuarial Analytics
highest compensated employee
$390k
$422k
Base
$273k
Bonus
$40k
Other
Benefits
$40k
Director of Actuarial Production
highest compensated employee
$370k
$400k
Base
$293k
Bonus
$40k
Other
Benefits
$2k
Vice President of Operations
vice president
$327k
$353k
Base
$225k
Bonus
$32k
Other
Benefits
$39k
Vice President of IT
vice president
$317k
$343k
Base
$214k
Bonus
$54k
Other
Benefits
$40k
Vice President of Underwriting
vice president
$291k
$314k
Base
$212k
Bonus
$26k
Other
Benefits
$28k
Vice President of Finance & Admin.
vice president
$260k
$281k
Base
$208k
Bonus
$27k
Other
Benefits
$14k
Developer Manager/solution
highest compensated employee
$244k
$264k
Base
$176k
Bonus
$21k
Other
Benefits
$39k
Actuarial Manager
highest compensated employee
$233k
$252k
Base
$173k
Bonus
$24k
Other
Benefits
$27k
Vice President of HR
vice president
$217k
$235k
Base
$187k
Bonus
$22k
Other
Benefits
$991
Mgr. N/w & Desktop Infrastructure
highest compensated employee
$217k
$235k
Base
$165k
Bonus
$18k
Other
Benefits
$28k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 8%
from 2023

From $640k in 2023 to $693k in 2024.

$640k
2023
$693k
2024
In today's dollarsEst.
Up 4% in real terms$719k to $749k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW YORK COMPENSATION INSURANCE RATING BOARD reported revenue and expenses across 2 filing years.

RevenueExpenses
$23.5M
$23.2M
2023
$25.4M
$24.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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