Form 990 for tax year 2024
Filed by CALIFORNIA AUTOMOBILE ASSIGNED RISK PLAN.
Totals
- Total revenue
- $4,332,557
- Total expenses
- $8,057,879
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,162,775
- Investment income
- $167,310
- Other revenue
- $2,472
- Total assets, end of year
- $6,318,806
- Total liabilities, end of year
- $7,646,458
- Net assets or fund balances, end of year
- -$1,327,652
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Premium Earned
total $4,162,775 · unrelated business $0 · excluded $0
-
3 · Investment income
total $167,310 · unrelated business $0 · excluded $0
-
11a · Other revenue: Miscellaneous
total $105 · related or exempt $105 · unrelated business $0 · excluded $0
-
11b · Other revenue: Late Fees
total $2,367 · related or exempt $2,367 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,472
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $800,692 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $95,551 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $147,903 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $60,750 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $349,370 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $53,694 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $77,992 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $107,080 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $121 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,304 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: LOSSES INCURRED
total $3,534,578 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: COMMISSIONS
total $786,103 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: CHANGE IN PDR RESERVE
total $287,570 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: LOSS ADJUSTMENT EXPENSES INCURRED
total $1,162,797 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $591,374 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$5,098 · end of year -$8,732
-
2 · Savings and temporary cash investments
beginning of year $2,404,417 · end of year $4,877,933
-
4 · Accounts receivable
beginning of year $915,064 · end of year $1,401,135
-
15 · Other assets
beginning of year $7,747 · end of year $48,470
-
17 · Accounts payable and accrued expenses
beginning of year $584,579 · end of year $1,000,978
-
25 · Other liabilities
beginning of year $2,888,380 · end of year $6,645,480
-
31 · Retained earnings, endowment or other funds
beginning of year -$150,829 · end of year -$1,327,652
Mission and programs · 2024
Mission
To provide automobile liability insurance to those who in good faith are entitled to but are unable to procure such insurance through ordinary methods.
-
To make motor vehicle insurance available for those persons not able to obtain coverage in the voluntary market.
-
The California Low Cost Automobile Insurance Program provides low cost automobile liability insurance to good drivers who demonstrate financial need.
As filed on the 2024 return.
Listed in Part VII
-
CsaaCSAA
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Interinsurance Exchange of the Auto Club
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
State Farm Mut Auto Ins Co
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
21st Century Centennial Ins Co
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
GeicoGEICO
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Allstate Insurance Company
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
MapfreMAPFRE
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Nona Tirre
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Claudia Perez
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael Golden
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Douglas Heller
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Bernardo de la Torre
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Amy Nungaray
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Cynthia Strathmann
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Mercury Cas Co
Advisory Committee Member
- Total calculated
- $0
- Hours/week
- 0.25
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 April 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522889349300832
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