Nonprofit · EIN 36-2021360
AMERICAN ASSOCIATION OF INSURANCE SERVICES
Tax-exempt · LISLE, IL 60532
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $32,434,149 | $26,905,697 | $5,528,452 | $37,531,485 | $19,702,399 | $17,829,086 |
| June 30, 2024 | 990 | $28,642,173 | $27,903,646 | $738,527 | $28,362,049 | $17,499,860 | $10,862,189 |
| June 30, 2023 | 990 | $26,073,591 | $27,002,063 | -$928,472 | $29,082,082 | $19,305,384 | $9,776,698 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $31,714,018
- Investment income
- $720,131
- Net gain from sales of assets
- -$226,847
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $991,284
- Other salaries and wages
- $15,340,705
- Salaries, compensation and benefits (total)
- $19,644,104
- Professional fundraising fees
- $0
- Legal fees
- $27,729
- Occupancy
- $417,637
- Travel
- $480,909
- Depreciation
- $132,832
Balance sheet and other
- Total assets, start of year
- $28,362,049
- Total assets, end of year
- $37,531,485
- Total liabilities, end of year
- $19,702,399
- Net assets, end of year
- $17,829,086
- Land, buildings and equipment
- $264,458
- Net assets without donor restrictions
- $17,829,086
- Gross receipts
- $52,456,431
- Employees
- 134
- Volunteers
- 8
- Year formed
- 1984
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDMUND KELLY | FORMER PRESIDENT & CEO Former | 0 | $1,205,152 | $0 |
| WERNER KRUCK | PRESIDENT & CEO Officer | 40 | $1,155,544 | $35,331 |
| MICHAEL PAYNE | VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI Highest-paid employee | 40 | $671,150 | $29,477 |
| JOHN KADOUS THRU 6302025 | VICE PRESIDENT OF PRODUCTS Highest-paid employee | 40 | $445,777 | $32,861 |
| KEN SAYERS | VICE PRESIDENT OF TECHNOLOGY Highest-paid employee | 40 | $429,802 | $39,564 |
| KAREN SHERIDAN THRU 12312024 | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $360,320 | $24,453 |
| CHRISTOPHER BUNCH | CHIEF FINANCIAL OFFICER Officer | 40 | $343,677 | $25,419 |
| NICOLE MILOS | DIRECTOR OF LEGAL Highest-paid employee | 40 | $219,790 | $31,509 |
| TODD BOSSUYT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| M ROSS FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FOWLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL WAGNER KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID GAUTSCHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA PECHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE BEAUFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYSTAL OTTAVIANO | DIRECTOR Trustee or director | 1 | $0 |
| KEITH WOLFE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDMUND KELLY END 12312023 | PRESIDENT AND CEO Officer | 40 | $1,201,505 | $25,172 |
| JOAN ZERKOVICH END 08082023 | SVP Officer | 40 | $1,127,573 | $23,508 |
| MICHAEL PAYNE | VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI Highest-paid employee | 40 | $451,977 | $27,714 |
| TERESA WESTCOTT END 10112023 | VP-LEGAL & COMPLIANCE Officer | 40 | $449,253 | $21,052 |
| JOHN KADOUS | VICE PRESIDENT OF PRODUCTS Highest-paid employee | 40 | $419,376 | $36,362 |
| JOHN GREENE END 41224 | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $410,829 | $16,838 |
| KEN SAYERS | VICE PRESIDENT OF TECHNOLOGY Highest-paid employee | 40 | $290,265 | $35,945 |
| WERNER KRUCK | PRESIDENT & CEO Officer | 40 | $299,803 | $12,758 |
| KAREN SHERIDAN | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $281,962 | $19,404 |
| CHRISTOPHER BUNCH | CHIEF FINANCIAL OFFICER Officer | 40 | $100,313 | $5,114 |
| DAVID B DUCLOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| M ROSS FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL WAGNER KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH WOLFE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA PECHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE BEAUFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYSTAL OTTAVIANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDMUND KELLY | PRESIDENT AND CEO Trustee or director, Officer | 40 | $1,129,382 | $23,318 |
| JOAN ZERKOVICH | SVP Officer | 40 | $699,473 | $23,928 |
| TERESA WESTCOTT | VP-LEGAL & COMPLIANCE Officer | 40 | $427,654 | $16,743 |
| JOHN KADOUS | VICE PRESIDENT OF PRODUCTS Highest-paid employee | 40 | $359,959 | $32,757 |
| MICHAEL PAYNE | VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI Officer | 40 | $333,277 | $25,420 |
| JOHN GREENE | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $342,489 | $15,077 |
| KEN SAYERS | VICE PRESIDENT OF TECHNOLOGY Highest-paid employee | 40 | $243,357 | $31,386 |
| KAREN SHERIDAN | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $229,300 | $18,291 |
| NICOLE MILOS | DIRECTOR OF LEGAL Highest-paid employee | 40 | $208,646 | $28,778 |
| DAVID KAUFMAN | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID DUCLOS | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSS FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WERNER E KRUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH WOLFE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 650 WARRENVILLE RD STE 100, LISLE, IL 60532-4315
- In care of
- % AMER
- Principal officer (990 for 2024)
- WERNER KRUCK, 701 WARRENVILLE ROAD 101, LISLE, IL 60532
- Signed the 990
- CHRISTOPHER D BUNCH, CFO
- Phone
- (630) 681-8347
- Website
- AAISONLINE.COM
- Return prepared by
- SIKICH LLC
Mission
TO ENABLE SUCCESS FOR THE PROPERTY & CASUALTY INSURANCE COMMUNITY.
Program accomplishments
- AAIS IS AN ADVISORY ORGANIZATION AND A STATISTICAL AGENT WORKING ON BEHALF OF 731 PROPERTY AND CASUALTY INSURANCE COMPANIES. AAIS DEVELOPS, MAINTAINS AND UPDATES MANUALS OF RULES AND RATING PROCEDURES FOR APPROXIMATELY 31 INSURANCE PROGRAM LINES AND FILES THOSE PROGRAMS WITH ALL STATE INSURANCE DEPARTMENTS ON BEHALF OF OUR MEMBER COMPANIES. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, AAIS MADE OVER 1541 FILINGS WITH INSURANCE DEPARTMENTS TO ADDRESS PRODUCT UPDATES AND REVISIONS, AS WELL AS EVOLVING REGULATORY COMPLIANCE ISSUES.
- AAIS COLLECTS COMPANY INSURANCE DATA ON BEHALF OF STATE REGULATORS AND REPORTS SUCH DATA TO THE REGULATORS IN ORDER TO SATISFY MEMBER COMPANIES STATUTORY REPORTING REQUIREMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, AAIS PROCESSED APPROXIMATELY 9,240,000 CLAIMS RECORDS WITH TOTAL LOSS ESTIMATES OF APPROXIMATELY $40.5 BILLION. AAIS ALSO COLLECTS THIRD PARTY DATA FROM A VARIETY OF PUBLIC AND PROPRIETARY DATA SOURCES TO REFINE RISK MANAGEMENT ADVISORY SERVICES. THIS INCLUDES DATA ON ECONOMIC ACTIVITY, FIRE INCIDENTS, REGIONAL EXPOSURE ATTRIBUTES, WEATHER, CRIME, CENSUS INFORMATION, MARKET SHARE INFORMATION, FIRE STATION AND FIRE HYDRANT LOCATION INFORMATION. OVER 238,000,000 RECORDS OF RELATED THIRD PARTY DATA WERE UTILIZED FOR VARIOUS ADVISORY SUPPORT ACTIVITIES DURING FISCAL YEAR ENDED JUNE 30, 2025.
- AAIS DISTRIBUTES INFORMATION TO MEMBER COMPANIES VIA BULLETINS WHICH INCLUDE INSTRUCTIONS ON ADOPTING NEWLY-FILED RULES AND FORMS AND MANDATORY ENDORSEMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, AAIS DISTRIBUTED APPROXIMATELY 450 RELATED BULLETINS TO MEMBER COMPANIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2021360
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $37,531,485
- Income (IRS master file)
- $52,456,431
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $32,434,149 | $26,905,697 | $37,531,485 | IRS |
| 990 | June 2024 | $28,642,173 | $27,903,646 | $28,362,049 | IRS |
| 990 | June 2023 | $26,073,591 | $27,002,063 | $29,082,082 | XML |
| 990 | June 2022 | $23,996,929 | $22,506,361 | $24,837,464 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2021360).
Questions about AMERICAN ASSOCIATION OF INSURANCE SERVICES
- What is the EIN of AMERICAN ASSOCIATION OF INSURANCE SERVICES?
- The employer identification number (EIN) of AMERICAN ASSOCIATION OF INSURANCE SERVICES is 36-2021360.
- Is AMERICAN ASSOCIATION OF INSURANCE SERVICES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
- Are donations to AMERICAN ASSOCIATION OF INSURANCE SERVICES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMERICAN ASSOCIATION OF INSURANCE SERVICES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN ASSOCIATION OF INSURANCE SERVICES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN ASSOCIATION OF INSURANCE SERVICES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AMERICAN ASSOCIATION OF INSURANCE SERVICES?
- The 990 for the year ended June 30, 2025 names WERNER KRUCK.
- Who are the officers and directors of AMERICAN ASSOCIATION OF INSURANCE SERVICES?
- The 990 for the year ended June 30, 2025 lists 17 people; 8 received compensation from the organization, the highest $1,205,152 (EDMUND KELLY, FORMER PRESIDENT & CEO).
- How much revenue does AMERICAN ASSOCIATION OF INSURANCE SERVICES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $32,434,149, expenses of $26,905,697 and total assets of $37,531,485 at year end.
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