2024-10-25T08:50:20-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-01-01 130594020 NEW YORK COMPENSATION INSURANCE RATING BOARD NEWY 2126973535 875 THIRD AVENUE 8TH FLOOR NEW YORK NY 10022 VINCENT LICAUSE VP FINANCE AND ADMIN 2126973535 2024-10-24 1 1 PAULA VUKSIC P00360739 9732180500 2024-10-24 2023 2024-10-15 13:58:12Z X VINCENT LICAUSE 875 THIRD AVENUE 8TH FLOOR NEW YORK NY 10022 23501640 0 X WWW.NYCIRB.ORG X 1914 NY THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF LOSS COSTS AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES. 9 9 97 0 0 0 300750 309000 21683630 22778518 296283 414122 0 0 22280663 23501640 0 0 0 0 15275079 15385805 0 0 0 6005018 7836184 21280097 23221989 1000566 279651 29742755 53105680 21991046 45541098 7751709 7564582 X THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF LOSS COSTS AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES. 0 0 TO COLLECT LOSS, PREMIUM AND PAYROLL DATA FROM CARRIERS, SUMMARIZE AND ANALYZE THE DATA, AND DEVELOP AN ADEQUATE PRICING STRUCTURE FOR WORKERS COMPENSATION INSURANCE CARRIERS IN NEW YORK STATE FOR SUBMISSION TO THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. THE RATING BOARD ALSO CONDUCTS ACTUARIAL RESEARCH FOR THE BENEFIT OF THE NEW YORK STATE WORKERS' COMPENSATION MARKETPLACE AND STAKEHOLDERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 97 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X VINCENT LICAUSE 2126973535 875 THIRD AVENUE 8TH FLOOR NEW YORK NY 10022 JEREMY ATTIE PRESIDENT/CEO 40.00 X X 623377 0 17010 ZIV KIMMEL SR. VICE PRESIDENT 40.00 X X 414941 0 60920 MITCHELL TENZER VICE PRESIDENT OF IT 40.00 X X 240098 0 55361 VINCENT LICAUSE VICE PRESIDENT OF FINANCE & ADMINISTRATION 40.00 X X 220986 0 25828 SUSIE PATRICIELLO VICE PRESIDENT OF HR 40.00 X X 195150 0 8353 MARK BATTISTELLI VICE PRESIDENT OF UNDERWRITING 40.00 X X 223027 0 56051 DAVE KNIGHT VICE PRESIDENT OF OPERATIONS 40.00 X X 226348 0 64644 GUO HARRISON DIRECTOR 40.00 X 285183 0 34008 BENJAMIN T WITKOWSKI DIRECTOR 40.00 X 273148 0 78642 BRETT KING DIRECTOR 40.00 X 284161 0 45121 NYS WORKERS' COMPENSATION BOARD INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 NYS AFL-CIO INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 NYS BUSINESS COUNCIL INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 NYS DEPARTMENT OF FINANACIAL SERVICES INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 THE NY STATE INSURANCE FUND INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 AMERICAN HOME ASSURANCE COMPANY INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 HARTFORD ACCIDENT AND INDEMNITY COMPA INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 TECHNOLOGY INSURANCE COMPANY INC INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 TRAVELERS INDEMNITY CO INSTITUTIONAL TRUSTEE 5.00 X 0 0 0 GAETANO DALESSIO DEVELOPER MANAGER/SOLUTION 40.00 X 188107 0 45073 CHENJUN MOHIN ACTUARIAL MGR 40.00 X 189743 0 34008 NASIM SHAMAILOV DIRECTOR 40.00 X 169381 0 37043 GONXHE BAJRAMI DIRECTOR 40.00 X 173669 0 8620 GODFREY FANDIALAN DIRECTOR 40.00 X 158986 0 22824 3866305 0 593506 32 0 1 0 SLALOM INC PO BOX 101416 PASADENA CA 91189 IT CONSULTING 835557 EVENSONBEST 55 5TH AVE NEW YORK NY 10003 OFFICE FURNITURE 622033 SPECTRUM PARTNERS LLC SUITE 450 EDINA MN 55435 IT CONSULTING 431250 FARRAGUT 2775 MERIDAN PKWY DURHAN NC 27713 IT CONSULTING 416179 CONVENE 1221 AVE OF AMERICAS NEW YORK NY 10020 MEETING VENUE 281224 11 309000 309000 PROVISIONAL ASSESSMENTS 900099 20506958 20506958 OTHER FEES 900099 1756757 1756757 OVERDUE REPORTS 900099 514803 514803 22778518 375459 375459 38663 0 38663 38663 38663 23501640 22778518 0 414122 3438969 6828229 1705587 2686471 726549 254537 78615 48529 581726 458677 1963690 3081338 56821 18935 252140 177897 DUES AND SUBSCRIPTIONS 325420 COMMERCIAL RENT AND SAL 253051 REPAIRS AND MAINTENANCE 150014 DATA PROCESSING SERVICE 134049 745 23221989 8628608 7078673 12754 2050894 588852 716026 2299847 2058164 3913039 1741821 669794 2171218 10292592 11424661 976382 7250308 26629662 29742755 53105680 1031333 2026771 20959713 43514327 21991046 45541098 X 7751709 7564582 7751709 7564582 29742755 53105680 X 279651 675625 -1142403 X 0 1 X 1 0 1 1 0 1779607 1032693 746914 889366 709128 180238 1244066 1244066 2171218 OTHER ASSETS 26629662 26629662 ACCRUED PENSION COST 6980478 ACCRUED POSTRETIREMENT HEALTH AND OTHER BENEFITS 7473997 CONTRACT LIABILITIES 227950 OPERATING LEASE LIABILITIES 28831902 43514327 X 24128736 675625 675625 23453111 48529 48529 23501640 23173460 0 23173460 48529 48529 23221989 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE BOARD'S TAX POSITIONS AND BELIEVES THAT THE BOARD HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. X 0 0 0 JEREMY ATTIE PRESIDENT/CEO 498377 0 125000 0 0 0 14850 0 2160 0 640387 0 0 0 ZIV KIMMEL SR. VICE PRESIDENT 339941 0 75000 0 0 0 14850 0 46070 0 475861 0 0 0 BENJAMIN T WITKOWSKI DIRECTOR 232602 0 40546 0 0 0 33203 0 45439 0 351790 0 0 0 BRETT KING DIRECTOR 247788 0 36373 0 0 0 13287 0 31834 0 329282 0 0 0 GUO HARRISON DIRECTOR 249705 0 35478 0 0 0 32623 0 1385 0 319191 0 0 0 MITCHELL TENZER VICE PRESIDENT OF IT 199805 0 40293 0 0 0 9728 0 45633 0 295459 0 0 0 DAVE KNIGHT VICE PRESIDENT OF OPERATIONS 200125 0 26223 0 0 0 27436 0 37208 0 290992 0 0 0 MARK BATTISTELLI VICE PRESIDENT OF UNDERWRITING 202720 0 20307 0 0 0 24368 0 31683 0 279078 0 0 0 VINCENT LICAUSE VICE PRESIDENT OF FINANCE & ADMINIST 199536 0 21450 0 0 0 10235 0 15593 0 246814 0 0 0 GAETANO DALESSIO DEVELOPER MANAGER/SOLUTION 169697 0 18410 0 0 0 7958 0 37115 0 233180 0 0 0 CHENJUN MOHIN ACTUARIAL MGR 166525 0 23218 0 0 0 8212 0 25796 0 223751 0 0 0 NASIM SHAMAILOV DIRECTOR 154252 0 15129 0 0 0 5497 0 31546 0 206424 0 0 0 SUSIE PATRICIELLO VICE PRESIDENT OF HR 176450 0 18700 0 0 0 7453 0 900 0 203503 0 0 0 GONXHE BAJRAMI DIRECTOR 157910 0 15759 0 0 0 7801 0 819 0 182289 0 0 0 GODFREY FANDIALAN DIRECTOR 145126 0 13860 0 0 0 7383 0 15441 0 181810 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION WAS FORMED AS A MEMBERSHIP ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE PRIVATE CARRIER REPRESENTATIVES OF THE BOARD OF GOVERNORS, NOMINATING COMMITTEE, UNDERWRITING COMMITTEE, AND ACTUARIAL COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE CONSTITUTION RECOMMENDED BY THE BOARD REQUIRES THE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS EMAILED TO THE ADMINISTRATION COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE BOARD OF GOVERNORS, FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF GOVERNORS AND COMMITTEES MUST ANNUALLY SIGN A CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT STATEMENT, WHICH IS KEPT ON FILE AT THE RATING BOARD'S OFFICE. AT EACH BOARD MEETING, THE NYCIRB PRESIDENT RECITES THE ANTITRUST COMPLIANCE POLICY STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS APPROVES THE NYCIRB'S ANNUAL OVERALL BUDGET, WHICH INCLUDES THE ORGANIZATION'S SALARY BUDGET. THE BOARD OF GOVERNORS HAS DELEGATED THE DETERMINATION OF THE COMPENSATION FOR THE PRESIDENT AND CEO, AS WELL AS THE CHIEF ACTUARY, TO THE ADMINISTRATION COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE NYCIRB'S WEBSITE. THE ORGANIZATION'S CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT STATEMENT, THE ANTITRUST COMPLIANCE POLICY STATEMENT, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENTS TO UNRESTRICTED NET ASSETS: -PENSION RELATED CHANGES - OTHER THAN PERIODIC COSTS -1,731,930. OTHER ADJUSTMENTS: -PENSION RELATED CHANGES - PERIODIC CREDIT -686,172. -POSTRETIREMENT - NET PERIODIC CREDIT 1,275,699.