Texas Property and Casualty Insurance Guaranty Association
501(c)(6)
88% goes to programs Strong reserves Growing revenue
Texas Property and Casualty Insurance Guaranty Association is a 501(c)(6) organization based in Austin, Texas, registered in 1978, with $94,063,696 in FY2024 revenue. CharityIndex grades it A+, and it directs about 88% of spending to programs.
8911 North Capital of Tx Hwy Buildi, Austin, TX, 78759 EIN 74-1956695 Since 1978
Revenue (FY2024)
$94.1M
▼ 42.6% vs prior year
Expenses (FY2024)
$62.6M
Net assets
$237.5M
Employees
47
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating88% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Texas Property and Casualty Insurance Guaranty Association: 88% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating46 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Texas Property and Casualty Insurance Guaranty Association: 46 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Texas Property and Casualty Insurance Guaranty Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Texas Property and Casualty Insurance Guaranty Association: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We are an insurance safety net and partner in the insolvency system, fairly serving the people of texas in an efficient and cost-effective way.
What they do
We are an insurance safety net and partner in the insolvency system, fairly and promptly serving the people of texas.
Contact & location
Financial trends
Revenue grew from $30.4M (FY2013) to $94.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $309.3MNet assets $237.5M
Operating margin
33.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$546.8M
Total liabilities
$309.3M
Net assets
$237.5M
Salaries & benefits
$5.3M
9% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $94,063,696▼42.6% | $62,618,047▼43.5% | $237,487,500▲52.1% | $546,786,939▲5.6% | 990 |
| 2023 | $163,821,338▲45.2% | $110,921,520▲31.7% | $156,117,034▲82.2% | $517,988,699▲11.6% | 990 |
| 2022 | $112,788,856▲53.7% | $84,237,559▼44.6% | $85,695,608▼31.8% | $464,302,453▼12.1% | 990 |
| 2021 | $73,403,567▲239% | $152,009,501▲508% | $125,642,733▼23.9% | $528,394,738▲2.4% | 990 |
| 2020 | $21,639,787▼65.2% | $24,991,542▼8.7% | $165,143,181▲41.7% | $516,175,428▲3.4% | 990 |
| 2019 | $62,109,274▲123% | $27,385,645▼24.7% | $116,533,833▲214% | $499,052,388▲19.2% | 990 |
| 2018 | $27,906,236▼0.6% | $36,364,341▼18.1% | $37,058,771▲126% | $418,761,913▼3.1% | 990 |
| 2017 | $28,072,370▼47.0% | $44,387,750▼8.3% | $16,386,101▲211% | $432,236,660▼4.1% | 990 |
| 2016 | $52,930,495▲19.6% | $48,422,744▼11.5% | $5,264,216▲51.9% | $450,901,459▼0.4% | 990 |
| 2015 | $44,270,606▼11.4% | $54,731,628▲6.9% | $3,465,719▲106% | $452,556,374▼3.1% | 990 |
| 2014 | $49,990,608▲64.2% | $51,206,901▲29.1% | -$56,037,085▲14.8% | $467,135,947▲0.8% | 990 |
| 2013 | $30,437,701 | $39,668,352▲26.2% | -$65,761,672▼212% | $463,483,814▼7.8% | 990 |
| 2012 | — | $31,442,054▼15.3% | $58,507,711▲10.1% | $502,421,882▲3.4% | 990 |
| 2011 | — | $37,137,598▼57.9% | $53,142,730▲72.2% | $485,941,756▲4.9% | 990 |
| 2010 | — | $88,203,873 | $30,853,268 | $463,307,108 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: John J D'amato — $255,651 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John J D'amato | Chief Financial Officer | 40 | $255,651 |
| Gary Vieira | Director of Information Technology | 40 | $214,405 |
| Annette Evans | Claims Director | 40 | $208,075 |
| Amber Walker | Claims Attorney | 40 | $186,992 |
| Makoto Tsutsui | Executive Director | 40 | $181,357 |
| David W Nardecchia | Executive Director | 40 | $152,364 |
| Thathiana Bermudez | Hr Director | 40 | $137,439 |
| Adnan Yasin | It Director | 40 | $24,063 |
| Angela Doss | Board Member | 1 | — |
| Chris Merideth | Board Member | 1 | — |
| Karen Phillips | Board Member | 1 | — |
| Levi Steve Holt | Board Member | 1 | — |
| Michael F Gerik | Vice Chair | 1 | — |
| Norma Garcia | Board Member | 1 | — |
| Ty Collin Simmons | Board Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cpr Insurance Group LLC | Claims Processing | $5,121,282 |
| The Willis Law Group Pllc | Legal Services | $1,222,402 |
| Crawford & Company | Claims Adjustment Services | $1,163,899 |
| Mehaffy Weber | Legal Services | $1,114,648 |
| Hammermann and Gainer LLC | Claims Adjustment Services | $989,686 |
Frequently asked questions
- Is Texas Property and Casualty Insurance Guaranty Association a legitimate nonprofit?
- Yes. Texas Property and Casualty Insurance Guaranty Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 74-1956695, based in Austin, Texas.
- What is Texas Property and Casualty Insurance Guaranty Association's EIN?
- Texas Property and Casualty Insurance Guaranty Association's Employer Identification Number (EIN) is 74-1956695.
- How much revenue does Texas Property and Casualty Insurance Guaranty Association report?
- Texas Property and Casualty Insurance Guaranty Association reported $94,063,696 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Texas Property and Casualty Insurance Guaranty Association's spending goes to programs?
- Texas Property and Casualty Insurance Guaranty Association spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Texas Property and Casualty Insurance Guaranty Association have?
- CharityIndex grades Texas Property and Casualty Insurance Guaranty Association A+, based on program efficiency and fundraising cost.
- How much does Texas Property and Casualty Insurance Guaranty Association's highest-paid employee make?
- The highest reported compensation on Texas Property and Casualty Insurance Guaranty Association's latest Form 990 is $255,651, paid to John J D'amato (Chief Financial Officer).
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Data for Texas Property and Casualty Insurance Guaranty Association (EIN 74-1956695) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.