Overview
What is Underwriters Rating Board?
Underwriters Rating Board is a nonprofit organization based in Albany, New York. With a small team of 11 employees, its primary mission is to offer rating services and perform statistical analysis for its member mutual companies. This nonprofit plays a crucial role in evaluating and analyzing the financial health of these companies, thereby contributing to the overall stability of the mutual insurance industry.
Official website here: www.urbratingboard.com
Is Underwriters Rating Board legitimate?
Underwriters Rating Board is a legitimate nonprofit organization registered as a 501(c)(6) entity. Underwriters Rating Board submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $238,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $690,231
For more financial information, click here
Official website here: www.urbratingboard.com
What is the mission statement of Underwriters Rating Board?
The Underwriters Rating Board's primary purpose is to offer rating services and conduct statistical analysis for its member mutual companies. This organization plays a crucial role in evaluating the risk and reliability of these companies, thereby promoting financial stability within the mutual industry. By providing these services, the Underwriters Rating Board aids its member companies in making informed decisions and strengthening their financial positions. Additionally, the organization utilizes statistical analysis to gather and interpret data, which contributes to a more comprehensive understanding of the mutual market.
Official website here: www.urbratingboard.com
Who is the CEO of Underwriters Rating Board?
Unavailable
Official website here: www.urbratingboard.com
What is the revenue of Underwriters Rating Board?
Underwriters Rating Board's revenue in 2022 was $1,835,456.
Official website here: www.urbratingboard.com
Who are the executives of Underwriters Rating Board and what are their salaries?
The average compensation at Underwriters Rating Board during 2022 was $84,425. There are 11 employees at Underwriters Rating Board.
There is 1 key member and their salary:
- Compensation: $166,440
- Related: $0
- Other: $0
Official website here: www.urbratingboard.com
Where can I find the form 990 for Underwriters Rating Board?
Underwriters Rating Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.urbratingboard.com
Learn more at the official website: www.urbratingboard.com
Mission Statement of Underwriters Rating Board
Underwriters Rating Board, as a organization, is committed to providing rating services and conducting statistical analysis for its member mutual companies. This mission aims to offer reliable assessments and insights, helping these companies make informed decisions and manage their risks effectively. By offering its expertise in rating and analysis, the Underwriters Rating Board plays a crucial role in strengthening the financial stability and resilience of its member companies.
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Impact
October, 2024
The Underwriters Rating Board significantly impacts member mutual companies by offering essential rating services and statistical analyses. These services enable mutual companies to assess their financial health and operational performance more accurately, leading to informed decision-making. By providing objective evaluations, the Board helps enhance transparency and trust within the insurance industry, facilitating better risk management and resource allocation.
Additionally, the statistical insights offered by the Board assist companies in identifying industry trends and benchmarking against peers. This comparative analysis not only supports strategic planning but also drives improvements in service delivery and overall competitiveness. Ultimately, the Underwriters Rating Board plays a crucial role in strengthening the infrastructure of mutual insurance organizations, fostering their growth and effectiveness in serving their communities.
This information is meant to be a general summary of Underwriters Rating Board. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $30,432
- Program Service Revenue: $378
- Gross Receipts: $1,858,611
Assets and Liabilities:
- Total Assets: $2,598,799
- Total Liabilities: $822
- Net Assets: $2,597,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS
Revenue
$378
Organization Details
Founding Year
1952
Main Address
PO BOX 13059, ALBANY, NY, 12212
Website
www.urbratingboard.comNTEE Category
Code: S40 - Community improvement
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