Highway Loss Data Institute

“The board of directors did not review the form 990. However, they did approve the financial statement audit. The treasurer reviewed the form 990 prior to filing.”

“The highway loss data institute has a written conflict of interest policy for its employees and the board of directors. The board of directors completed an annual survey that monitored and enforced compliance with the conflict of interest policy and identified any family and business relationships.”

“Under the institute's bylaws, the executive committee has the authority to set compensation for officers of the institute. In december 2023, the executive committee of the insurance institute for highway safety board of directors met to review the officers' compensation for calendar year 2024. The insurance institute for highway safety provides the funding for the highway loss data institute annual budget. The committee reviewed each officer's performance, compensation history, and comparability data on officer compensation reported on forms 990 for several non-profit organizations that have communications and research responsibilities similar to the institute and motor vehicle related organizations that work on highway and vehicle safety issues. In addition, the committee members drew upon their knowledge of compensation within their own companies, the insurance industry, and the national trends in compensation. The decision on compensation was made solely by the committee, which consists of individuals that are not subject to the control of the institute's officers.”

“The documents are available upon written request.”

“Postretirement benefit plan actuarial loss not yet recognized is: -12,065.”

“The institute has a committee that assumes responsibility for oversight of the audit and reviewing the annual audit report with the independent accountant. This process has not changed from the prior year.”

“Trustees, key employees, and highest compensated employees: - david harkey, president - michael fagin, secretary/treasurer - joseph nolan, chief administrative officer - david zuby, chief research officer each devote approximately 36 hours per week of the 45 hours average work week to the insurance institute for highway safety, a related organization referenced on schedule r. - matthew moore, senior vice president devotes approximately 9 hours per week of the 45 hours average work week to the insurance institute for highway safety, a related organization referenced on schedule r.”