The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $183k
- Bonus
- $46k
- Other
- —
- Benefits
- —
- Base
- $131k
- Bonus
- $27k
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
General Manager and Secretary General Manager Median to 75th percentile | $183k | $46k | — | — | $229k $250k |
Assistant Manager Key Employee Median to 75th percentile | $131k | $27k | — | — | $159k $173k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 25 unpaid individuals.
Up 7%
from 2022
From $214k in 2022 to $229k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
General Manager pay rose 7% from 2022 to 2023, while revenue rose 20%.
- Key Employee pay rose 7% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
VIRGINIA PROPERTY INSURANCE ASSN reported revenue and expenses across 2 filing years.
Common questions about VIRGINIA PROPERTY INSURANCE ASSN
What does the General Manager of VIRGINIA PROPERTY INSURANCE ASSN earn?
In 2023, the General Manager of VIRGINIA PROPERTY INSURANCE ASSN received $228,896 in total compensation. This pay is above the median (the midpoint) for General Manager roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.
How does General Manager pay at VIRGINIA PROPERTY INSURANCE ASSN compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the General Manager at VIRGINIA PROPERTY INSURANCE ASSN falls between the median and the 75th percentile.
What are VIRGINIA PROPERTY INSURANCE ASSN's revenue and expenses?
In 2023, VIRGINIA PROPERTY INSURANCE ASSN reported $18.1M in total revenue and $19.2M in total expenses on its IRS Form 990.
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