Boston, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a small nonprofit that reported $611K in total revenue in fiscal year 2023. Revenue surged 612% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 117% operating deficit.
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the New Hampshire state statute, Chapter 404B & Chapter 404H.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $611,309 | $85,808 | +6.1% |
| Expenses | $1,326,991 | $1,281,501 | +0.0% |
| Net Income | $-715,682 | $-1,195,693 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Harris E Berenson Chair | representing The Hanover Insurance Group | 1 |
Director
|
$0 | $0 | $0 |
| Daniel Swift Vice Chair | representing Acadia Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Donald Baldini Board Member | representing Liberty Mutual Insurance Company | 1 |
Director
|
$0 | $0 | $0 |
| Michael Catina Board Member | representing Zurich American Insurance Co. | 1 |
Director
|
$0 | $0 | $0 |
| Earl Cottam Board Member | representing Providence Mutual Fire Ins. Co. | 1 |
Director
|
$0 | $0 | $0 |
| Lee Dowgiewicz Board Member | representing Co-operative Insurance Companies | 1 |
Director
|
$0 | $0 | $0 |
| Steven Harris Board Member | representing National Union Fire Ins. Co. of Pitts. PA | 1 |
Director
|
$0 | $0 | $0 |
| Douglas Morrissey Board Member | representing Continental Casualty Company | 1 |
Director
|
$0 | $0 | $0 |
| Michael Nolin Board Member | representing Concord General Mutual Ins. Co. | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $611,309 | $1,326,991 | $53,795,859 | $-715,682 |
| 2022 | $85,808 | $1,281,501 | $54,511,541 | $-1,195,693 |
| 2021 | $781,230 | $1,149,508 | $55,707,234 | $-368,278 |
| 2020 | $3,328,408 | $1,087,612 | $56,075,512 | $2,240,796 |
Compare NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION with other nonprofits in Massachusetts and across the country.