Massachusetts Insurers Insolvency Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 57,643,535 | 29,553,532 | 28,090,003 | 82.1 | 0% |
| 2020 | 9,509,061 | 9,190,417 | 318,644 | 264.3 | 0% |
| 2021 | 27,762,839 | 9,546,180 | 18,216,659 | 277.4 | 0% |
| 2022 | 903,993 | 10,977,963 | −10,073,970 | 230.2 | 0% |
| 2023 | 4,088,951 | 11,262,672 | −7,173,721 | 216.7 | 0% |
In its most recent public year (2023), this organization spent $7,173,721 more than it brought in. Its reserves stood at about 216.7 months of spending, up from 82.1 in 2019. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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