NonprofitsInland Marine Underwriters Association

Inland Marine Underwriters Association

NEW YORK, NY

Total revenue

$1.6M

Total expenses

$1.5M

Net assets

$1.2M

Grants received

EIN

135564002

Tax year

2024

Mission

Imua serves as the collective voice of the u.s. Inland marine insurance industry.

Programs

3 programs

Web seminars and virtual classes/forums - about 12 -18 in a calendar year, a volunteer-based regional committee and/or technical committees arrange for a web seminar, typically 60-75 minutes in duration where geographically remote sites across the u.s., and sometimes internationally, can log into the audio/visual presentation on a topical issue usually presented by a non-insurance expert, e.g. Hurricanes and the impact on levees. Registration is complimentary to imua members and there may be more than one member in attendance at each site. Member companies find this is a cost effective and efficient way to provide education and technical information to their employees (there is no additional cost to attend webinars as all access to all virtual programs is now included in imua's company membership fee. In 2024, imua presented 12 educational webinars and 5 virtual classes with each session attracting an average of 300 registrants for a duration of 60 to 75 minutes for webinars and 3 hours for the virtual classes/forums.

Regional seminars - imua has 9 regional advisory committees located in toronto, new york, atlanta, columbus, chicago, dallas, boston, richmond, and san francisco. At various times throughout the calendar year, these volunteer-based committees each hold one or more breakfast/lunch-n-learn/half-day/full day live educational seminars, often with state insurance department continuing education credits, on a myriad of insurance topics germane to a geographic area. They also occasionally host networking socials and/or field trips to get a closer look at various inland marine insurance exposures (i.e. Visiting a refrigerated warehouse to see the various inland marine transportation and warehouse legal liability exposures. Attendance for these seminars events typically ranges from low 20s up to 100 attendees. In 2024, imua hosted 8 in-person regional events.objective/ accomplishment- primarily education and training but also networking/strengthening industry connections.

Technical committees - these volunteer committees, centered around the major lines of inland marine business and claims/loss control, provide technical information via the members-only section of the website in a myriad of ways including technical papers, planning seminars/webinars, and field trips.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.6M
Investment income$18K
Other revenue$20K
Total revenue$1.6M

Expenses

Grants paid
Salaries & benefits$669K
Fundraising
Other expenses$866K
Total expenses$1.5M
Total assets$1.5M
Net assets$1.2M

People

20 listed

NameRoleCompensation

KEVIN O'BRIEN

PRESIDENT/CEO

Board

$291K

40 hrs/wk

LILLIAN COLSON

VICE PRESIDENT/SECRETARY

Board

$176K

40 hrs/wk

SHARON PRIMERANO

VICE CHAIR

Board

1.5 hrs/wk

ANNE CALIENTO

DIRECTOR

Board

1 hrs/wk

BRADLEY CAMERON

DIRECTOR

Board

1 hrs/wk

JESSICA FRANKOVICH

DIRECTOR

Board

1 hrs/wk

VICKY HARTMAN

DIRECTOR

Board

1 hrs/wk

MICHELLE HOEHN

DIRECTOR

Board

1 hrs/wk

JOSH JENNINGS

DIRECTOR

Board

1 hrs/wk

BRUCE S JERVIS

DIRECTOR

Board

1 hrs/wk

ANTHONY FALCONE

CHAIR

Board

1.5 hrs/wk

KEN MUELLER

DIRECTOR

Board

1 hrs/wk

ALEXANDER MCGINLEY

DIRECTOR (THRU AUG 2024)

Board

1 hrs/wk

PAUL ORSI

DIRECTOR

Board

1 hrs/wk

KEITH SCRANTON

DIRECTOR

Board

1 hrs/wk

RANDY SCHLOSSER

DIRECTOR

Board

1 hrs/wk

RICHARD SOJA

DIRECTOR (THRU OCT 2024)

Board

1 hrs/wk

BEN TUTTLE

DIRECTOR

Board

1 hrs/wk

JON MOSBY

DIRECTOR

Board

1 hrs/wk

ARTHUR SIEDER

DEPUTY CHAIR

Board

1.5 hrs/wk

Details

EIN135564002
Subsection06
Ruling date1932-04
Formed1931
Employees3
Volunteers195