Vermont Automobile Insurance Plan

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237234308 ✦ Johnston, RI ✦ Designated as a 501(c)(6)

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Overview

What is Vermont Automobile Insurance Plan?

The Vermont Automobile Insurance Plan is a nonprofit organization, specifically designed to provide motor vehicle insurance coverage for individuals who have been unable to secure it through the voluntary market. The organization's primary mission is to ensure accessibility of insurance for these individuals, as detailed in the provided information. Though no specific activities or additional details about the plan's operations are provided, it is clear that the organization plays a crucial role in extending insurance coverage to those who may otherwise be excluded from the market.


Official website here: www.aipso.com/vt

Is Vermont Automobile Insurance Plan legitimate?

Vermont Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vermont Automobile Insurance Plan submitted a form 990EZ, 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.


Official website here: www.aipso.com/vt

What is the mission statement of Vermont Automobile Insurance Plan?

The Vermont Automobile Insurance Plan's mission is to ensure that motor vehicle insurance is accessible for individuals who struggle to secure coverage in the voluntary market. This is accomplished by providing an insurance option for such individuals. It's important to note that the plan serves this purpose. The specifics of how this is achieved are not provided in the given data.


Official website here: www.aipso.com/vt

Who is the CEO of Vermont Automobile Insurance Plan?

Unavailable


Official website here: www.aipso.com/vt

What is the revenue of Vermont Automobile Insurance Plan?

Vermont Automobile Insurance Plan's revenue in 2022 was $86,221.


Official website here: www.aipso.com/vt

Who are the executives of Vermont Automobile Insurance Plan and what are their salaries?


Here are 9 key members and their salaries:


Nationwide Mutual Ins Co (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
State Farm Mut Auto Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Travelers Companies Inc (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allstate Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liberty Mut Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amica Mut Ins Co (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Progressive Cas Ins Co (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Fleurythe Richards Group (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Skypackkinney Ins Agy (Gov Comm Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aipso.com/vt

Where can I find the form 990EZ for Vermont Automobile Insurance Plan?

Vermont Automobile Insurance Plan's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.aipso.com/vt

Learn more at the official website: www.aipso.com/vt

Mission Statement of Vermont Automobile Insurance Plan

The Vermont Automobile Insurance Plan is an organization dedicated to ensuring motor vehicle insurance coverage is accessible for individuals who find it challenging to secure coverage in the voluntary market. Its mission, in essence, is to bridge the gap and make insurance options available for such individuals, thereby promoting road safety and financial security for all motorists. The plan operates under the premise that everyone deserves the protection and peace of mind that comes with reliable auto insurance, regardless of their circumstances in the voluntary market.

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Impact




October, 2024

The Vermont Automobile Insurance Plan (VAIP) plays a crucial role in providing motor vehicle insurance to individuals who are unable to secure coverage through the standard voluntary market. This is particularly important for high-risk drivers or those with limited insurance history, as it ensures they can legally operate a vehicle and meet financial responsibility requirements.

By making insurance accessible to these individuals, the VAIP not only improves the overall safety on the roads but also promotes financial protection for drivers who might otherwise be uninsured. This initiative contributes to community improvement by reducing the number of uninsured drivers, which can lead to lower rates of accidents and losses for the community at large.

Furthermore, the plan serves as a stabilization mechanism within the automobile insurance marketplace. It helps to distribute risk among a larger pool of insured drivers, which can lead to lower premiums for all participants. Overall, the Vermont Automobile Insurance Plan enhances accessibility to essential services while fostering a safer driving environment in the community.




This information is meant to be a general summary of Vermont Automobile Insurance Plan. 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.

Revenue
$86,221 (2022)
Expenses
$66,886 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $306
  • Gross Receipts: $86,221

Assets and Liabilities:

  • Total Assets: $25,374
  • Total Liabilities: $36,442
  • Net Assets: -$11,068

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Organization Details

Main Address

c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 029194932

NTEE Category

Code: S40 - Community improvement

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