Acord Corporation

Little Falls, NJ · Founded 1978

Develops data standards and electronic exchange tools for the insurance and financial services industries

Primary audience

Insurance industry

Work area

Standards development

Topic

Data exchange

Contact

William Pieroni

Website Contact

About Organization

ACORD Corporation develops standards, specifications, and implementation tools for electronic information exchange in the insurance and related financial services industries. Based in Little Falls, NJ, the organization operates with 48 employees and generated $35.6 million in revenue in 2024. Founded in 1978, ACORD serves trading partners across insurance industry segments through standards development, education, and research activities.

What They Focus On

Data Standards

Creating uniform specifications for electronic information exchange to enable seamless communication across insurance platforms

Industry Efficiency

Improving operational effectiveness for insurers, agents, and financial services partners through standardized processes

Technology Research

Advancing knowledge of electronic exchange systems and information processing innovations for industry benefit

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$35.6M

+15.2% vs 2023

Expenses (2024)

$14.8M

+7.7% vs 2023

Assets (2024)

$113.4M

+41.5% vs 2023

Employees (2024)

-14.3% vs 2023

Year	Revenue	Expenses	Assets	Employees
2024	$35,623,774	$14,787,390	$113,372,518	48
2023	$30,932,486	$13,726,617	$80,120,531	56
2022	$29,187,677	$12,623,352	$57,024,681	60
2021	$27,875,680	$12,089,448	$47,591,189	80
2020	$25,293,548	$14,201,021	$42,845,098	67
2019	$22,416,354	$14,571,861	$52,865,395	31
2018	$21,505,356	$14,439,578	$43,966,701	107

Source: IRS Form 990 filings. All figures in USD.

01

Industry Analysis

Identify operational challenges and information exchange needs across insurance industry segments
02

Standards Creation

Develop technical standards and specifications through collaborative working groups
03

Tool Development

Build implementation tools and resources to support standard adoption
04

Education and Support

Train trading partners and provide ongoing research to advance industry efficiency

Programs and Initiatives

Services and programs offered by Acord Corporation

Standards Development

Creates industry standards and specifications for electronic data exchange across insurance and financial services sectors

Implementation Tools

Develops technical tools and resources to enable adoption of electronic information exchange standards

Education and Research

Provides analysis, training, and research on electronic exchange technologies for industry stakeholders

Industry Collaboration

Facilitates cooperation among insurance trading partners to improve efficiency and effectiveness

Team & Leadership

Meet the people behind Acord Corporation.

William Pieroni

President & CEO

Full-time

Compensation: $2,818,061

Tanya J Krochta

COO

Full-time

Compensation: $630,292

David Sterner

SVP, Research & Development

Full-time

Compensation: $294,964

Michael Di Stephan

SVP Government Affairs & Gen. Counsel

Full-time

Compensation: $239,191

Lisa Plunkett

SVP Of Finance & Operations

Full-time

Compensation: $221,704

Yolanda Austin

Senior Director, L&A

Full-time

Compensation: $156,504

Bill Devine

Director Thru 03/27/2024

1 hrs/week

Dr Ralf Schneider

Director Thru 01/19/2024

1 hrs/week

Ian Haycock

Director Thru 01/19/2024

1 hrs/week

Mark Knipfer

Director Thru 01/19/2024

1 hrs/week

Robert Rusbuldt

Director Thru 01/19/2024

1 hrs/week

Maria Lourdes Soriano Svp

Education, Consulting & Advocacy

Full-time

Compensation: $336,183

Andrew J Zuckerman Svp

Govt. Affairs Thru 02/29/2024

Full-time

Compensation: $262,194

Sean Stewart

VP Communications

Full-time

Compensation: $213,844

Richard Flynn

VP Communications

Full-time

Compensation: $167,015

Karen Mottley

Business Architect, L&A

Full-time

Compensation: $152,465

Abel Travis

Director

Bob James

Director

Charles Symington

Director

Clyde Bernstein

Director

Colleen Batman

Director

Dave Matcham Fcii

Director

Dr Christian Schaffer

Director

Jennifer Kyung

Director

John Kellington

Director

Kirk Behrens

Director

Michael Jones

Director

Patrick Molineux

Director

Paul Lehmann

Director

Richard Brame

Director

Venkat Krishnamoorthy

Director

Milestones

1978

Organization Founded

1978

ACORD established to promote insurance industry cooperation and standards development

1979

Tax-Exempt Status

1979

Received IRS ruling recognizing nonprofit status for industry standards work

2018

Operational Expansion

2018

Scaled to 107 employees supporting growing standards adoption across industry

2024

Revenue Milestone

2024

Achieved $35.6 million in revenue reflecting sustained industry value and engagement

Associated People

Board members, advisors, and key contributors

Board of Directors

Abel Travis Director 1.00 hrs/week

Bob James Director 1.00 hrs/week

Charles Symington Director 1.00 hrs/week

Clyde Bernstein Director 1.00 hrs/week

Colleen Batman Director 1.00 hrs/week

Dave Matcham Fcii Director 1.00 hrs/week

Dr Christian Schaffer Director 1.00 hrs/week

Jennifer Kyung Director 1.00 hrs/week

John Kellington Director 1.00 hrs/week

Kevin Tobin Vice-Chair 1.00 hrs/week

Kirk Behrens Director 1.00 hrs/week

Michael Jones Director 1.00 hrs/week

Patrick Molineux Director 1.00 hrs/week

Paul Lehmann Director 1.00 hrs/week

Richard Brame Director 1.00 hrs/week

Robert Kelly Chair 1.00 hrs/week

Venkat Krishnamoorthy Director 1.00 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$6.4M

Highest Paid

$2.9M

William Pieroni

Compensated Officers

Name	Title	Base	Other	Total	Hrs/Wk
William Pieroni	President & CEO	$2,818,061	$114,768	$2,932,829	40
Tanya J Krochta	COO	$630,292	$118,183	$748,475	40
Maria Lourdes Soriano SVP	Education, Consulting & Advocacy	$336,183	$81,577	$417,760	40
David Sterner	SVP, Research & Development	$294,964	$67,850	$362,814	40
Michael Di Stephan	SVP Government Affairs & Gen. Counsel	$239,191	$85,031	$324,222	40
Lisa Plunkett	SVP Of Finance & Operations	$221,704	$96,135	$317,839	40
Andrew J Zuckerman SVP	GOVT. Affairs Thru 02/29/2024	$262,194	$55,452	$317,646	40
Sean Stewart	VP Communications	$213,844	$92,601	$306,445	40
Karen Mottley	Business Architect, L&A	$152,465	$62,774	$215,239	40
Yolanda Austin	Senior Director, L&A	$156,504	$51,411	$207,915	40
Richard Flynn	VP Communications	$167,015	$37,456	$204,471	40

Name	Title	Base	Other	Total	Hrs/Wk
William Pieroni	President & CEO	$2,699,397	$289,426	$2,988,823	40
Tanya J Krochta Executive	EVP & Chief Administrative	$548,044	$69,980	$618,024	40
Andrew J Zuckerman SVP	Government Affairs & General Counsel	$282,769	$67,112	$349,881	40
Maria Lourdes Soriano	SVP, Global Chief Membership Officer	$292,304	$46,056	$338,360	40
David Sterner	VP, Research & Development	$236,894	$50,936	$287,830	40
Sean Stewart	VP Communications	$191,179	$61,358	$252,537	40
Lisa Plunkett	VP Of Finance & Operations	$190,670	$55,624	$246,294	40
Debra Sahler	Senior Director, Compliance	$146,206	$61,108	$207,314	40
Manreen Kaur	Director P&C	$161,797	$43,442	$205,239	40
Karen Mottley	Senior Director, Life & Annuity	$148,326	$43,981	$192,307	40
Richard Flynn	VP Communications	$153,649	$25,777	$179,426	40

Name	Title	Base	Other	Total	Hrs/Wk
William Pieroni	President & CEO	$2,566,778	$359,873	$2,926,651	40
Tanya J Krochta Executive	EVP & Chief Administrative Officer	$522,223	$60,220	$582,443	40
Maria Lourdes Soriano	SVP, Business Development	$282,006	$47,560	$329,566	40
Andrew J Zuckerman SVP	Government Affairs & General Counsel	$262,530	$57,755	$320,285	40
David Sterner	VP, Research & Development	$234,570	$58,848	$293,418	40
Manreen Kaur	Director P&C	$162,856	$39,733	$202,589	40
Sean Stewart Market	Development & Retention Director	$140,870	$55,616	$196,486	40
Lisa Plunkett	Senior Director Of Finance	$166,163	$17,971	$184,134	40
Karen Mottley	Business Architect L&A	$142,052	$26,818	$168,870	40
Richard Robert Flynn	VP Communications	$140,540	$20,270	$160,810	40

Name	Title	Base	Other	Total	Hrs/Wk
William Pieroni	President & CEO	$2,307,493	$376,953	$2,684,446	40
Tanya J Krochta	Executive VP & Chief Administrative Officer	$492,217	$79,067	$571,284	40
Maria Lourdes T August	SVP, Business Development	$259,044	$72,841	$331,885	40
Andrew J Zuckerman	SVP, Government Affairs & General Counsel	$245,954	$70,761	$316,715	40
David Sterner	VP, Research & Development	$231,264	$70,160	$301,424	40
Bijesh Jacob	SVP, Technology & Standards	$190,743	$64,890	$255,633	20
Robert Hayes	VP, Financial Operations	$151,619	$64,012	$215,631	40
Lisa Plunkett	Senior Director Of Finance	$154,657	$7,959	$162,616	40
Howard Schuster	VP, Pmo	$75,861	$65,077	$140,938	13
Rakesh Tangri	SVP, Global Chief Solutions Architect	$127,068	$1,919	$128,987	14

Name	Title	Base	Other	Total	Hrs/Wk
William Pieroni	President & CEO	$1,976,207	$309,045	$2,285,252	40
Tanya Krochta	SVP & Chief Administrative Officer	$445,865	$81,647	$527,512	40
Bijesh Jacob	Senior VP, Technology & Standards	$361,981	$60,188	$422,169	40
Maria August	SVP, Standards & Membership	$240,504	$75,541	$316,045	40
Andrew Zuckerman	VP, Government Affairs & General Counsel	$232,951	$71,306	$304,257	40
David Sterner	VP, Research & Development	$228,367	$72,557	$300,924	40
Howard Schuster	VP, Pmo	$218,316	$60,679	$278,995	40
Rakesh Tangri	Chief Solutions Architect	$275,630	$1,214	$276,844	40
Patrick Corless	VP Chief Enterprise Architect - Standards	$195,765	$44,652	$240,417	40
Lothar Rauch	VP, Strategy & Corporate Development	$212,706	$22,581	$235,287	40

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

Individual Political Donors

People from this organization who contributed to political campaigns

$500 Total Given

Democratic $500 (100%)

2 Contributions

$250 Avg Each

Top Individual Donors

1 Individual Donor

Pat Corless 2 contributions • $250 avg

$500

Quick Insights

🏆

Most Active Donor Pat Corless with 2 contributions

💰

Highest Avg per Contribution Pat Corless at $250 each

🎯

Top Recipient JOE SALERNO FOR CONGRESS — $250

Data from Federal Election Commission • Individual contributions only

Contact

Get in touch with Acord Corporation

Phone

(845) 620-1700

Social

Visit Website

150 Clove Road 11th Floor Little Falls, NJ 07424

Acord Corporation

What They Focus On

Financial Information

How They Work

Industry Analysis

Standards Creation

Tool Development

Education and Support

Programs and Initiatives

Standards Development

Implementation Tools

Education and Research

Industry Collaboration

Team & Leadership

William Pieroni

Tanya J Krochta

David Sterner

Michael Di Stephan

Lisa Plunkett

Yolanda Austin

Bill Devine

Dr Ralf Schneider

Ian Haycock

Mark Knipfer

Robert Rusbuldt

Maria Lourdes Soriano Svp

Andrew J Zuckerman Svp

Sean Stewart

Richard Flynn

Karen Mottley

Abel Travis

Bob James

Charles Symington

Clyde Bernstein

Colleen Batman

Dave Matcham Fcii

Dr Christian Schaffer

Jennifer Kyung

John Kellington

Kirk Behrens

Michael Jones

Patrick Molineux

Paul Lehmann

Richard Brame

Venkat Krishnamoorthy

Milestones

Organization Founded

Tax-Exempt Status

Operational Expansion

Revenue Milestone

Associated People

Board of Directors

Executive Compensation

Individual Political Donors

Top Individual Donors

Quick Insights

Related Organizations

Taxable Corp Trust

Contact

Phone

Social