Overview
What is Highway Loss Data Institute?
The Highway Loss Data Institute is a nonprofit organization situated in Arlington, Virginia. Its primary mission is to collect and analyze insurance claims data related to various vehicle models, including cars, SUVs, trucks, and motorcycles. By publishing statistical findings, the institute aims to reduce losses due to motor vehicle crashes and thefts. The institute's reports also focus on assessing the impact of safety features such as electronic stability control, forward collision warning, and adaptive headlights. Summaries of their research results are widely dispersed to various stakeholders, including the public, insurers, public health and safety officials, automobile manufacturers, and others, through print and online platforms. Currently, the institute employs 27 individuals.
Official website here: www.iihs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
The Highway Loss Data Institute has achieved a remarkable 96% rating, reflecting a strong commitment to accountability and financial management. This high score is based entirely on its performance in the Accountability & Finance category, showcasing the organization's effectiveness in maintaining financial integrity and transparency.
The organization boasts a fully independent board comprising 27 members, which enhances its governance and decision-making processes. It has no reported issues regarding asset diversion and has robust policies in place, including a conflict of interest policy and a whistleblower policy, all of which contribute to its strong ratings in financial oversight.
Despite the strong financial health indicated by a 92.14% program expense ratio, which suggests that the majority of its funds are directed towards its programs, there are no specific limitations noted in the data. Overall, the Highway Loss Data Institute demonstrates sound management practices and an unwavering focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Highway Loss Data Institute legitimate?
Highway Loss Data Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highway Loss Data Institute 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: $805,068
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,243,279
For more financial information, click here
Official website here: www.iihs.org
What is the mission statement of Highway Loss Data Institute?
The Highway Loss Data Institute collects and analyzes insurance claims data related to various makes and models of cars, light trucks, vans, and utility vehicles. Their primary objective is to publish statistical findings about the human and economic losses associated with motor vehicle crashes and thefts. The purpose of these reports is to provide valuable information that can help reduce such losses, ultimately aiming to enhance road safety and vehicle security.
Official website here: www.iihs.org
Who is the CEO of Highway Loss Data Institute?
Michael D Fagin is the President of Highway Loss Data Institute.
Official website here: www.iihs.org
What is the revenue of Highway Loss Data Institute?
Highway Loss Data Institute's revenue in 2022 was $4,992,024.
Official website here: www.iihs.org
Who are the executives of Highway Loss Data Institute and what are their salaries?
The average compensation at Highway Loss Data Institute during 2022 was $112,902. There are 27 employees at Highway Loss Data Institute.
Here are 36 key members and their salaries:
- Compensation: $161,950
- Related: $718,257
- Other: $78,862
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- Compensation: $59,273
- Related: $233,665
- Other: $32,413
- Compensation: $57,438
- Related: $227,325
- Other: $47,582
- Compensation: $71,930
- Related: $289,263
- Other: $54,532
- Compensation: $246,561
- Related: $62,980
- Other: $61,945
- Compensation: $177,715
- Related: $0
- Other: $29,140
- Compensation: $166,113
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- Other: $39,292
- Compensation: $163,780
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- Other: $25,685
- Compensation: $166,676
- Related: $0
- Other: $38,014
Official website here: www.iihs.org
Where can I find the form 990 for Highway Loss Data Institute?
Highway Loss Data Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iihs.org
Learn more at the official website: www.iihs.org
Mission Statement of Highway Loss Data Institute
The Highway Loss Data Institute, a notable organization, collects and analyzes insurance claims data related to various makes and models of cars, light trucks, vans, and utility vehicles. Their primary goal is to publish statistical findings regarding the human and economic losses associated with motor vehicle crashes and thefts. The purpose of these reports is to provide valuable information that can contribute to reducing the losses resulting from such incidents. By disseminating this data, the Highway Loss Data Institute aims to promote safety and minimize the negative consequences of motor vehicle accidents and vehicle thefts.
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Impact
July, 2024
The Highway Loss Data Institute's impact lies in its ability to provide valuable statistical findings about the human and economic losses associated with different makes and models of vehicles on U.S. roads. By analyzing insurance claims data and studying the effects of safety and crash avoidance features, such as electronic stability control and forward collision warning, the Institute plays a crucial role in helping to reduce losses resulting from motor vehicle crashes and thefts. Its research results, widely distributed to various stakeholders including the public, insurers, media, public health and safety officials, and vehicle manufacturers, serve to inform and improve road safety measures.
This information is meant to be a general summary of Highway Loss Data Institute. 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: $265,550
- Program Service Revenue: $4,707,724
- Gross Receipts: $6,671,240
Assets and Liabilities:
- Total Assets: $7,935,923
- Total Liabilities: $2,155,673
- Net Assets: $5,780,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$4,707,724
Organization Details
Founding Year
1972
Phone
(703) 247-1500Principal Officer
Michael D Fagin
Main Address
4121 WILSON BOULEVARD 6TH FLOOR, ARLINGTON, VA, 22203
Website
www.iihs.orgNTEE Category
Code: Y20 - Mutual benefit
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