GUARANTY FUND MANAGEMENT SERVICES INC (EIN 042712442) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Barbara Law

Phone

6172277020

Tax Period

2023-01-01 to 2023-12-31

GUARANTY FUND MANAGEMENT SERVICES INC, founded in 1981, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.8M left a modest 11% surplus.

Mission

Provide management and other supervisory services in connection with insolvent and/or liquidated insurers covered by insolvency statutes in seven states and the District of Columbia.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,611,619

Investment Income $7,686

Other Revenue $0

TOTAL REVENUE $7,619,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,092,102

Fundraising Expenses $0

Program Expenses $6,760,173

Other Expenses $1,668,072

TOTAL EXPENSES $6,760,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,619,305	$6,776,547	+0.1%
Expenses	$6,760,174	$4,636,330	+0.5%
Net Income	$859,131	$2,140,217	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,674,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Law	President & CEO	37.5	Officer	$474,809	$48,519	$523,328
Linda Angelone	Senior Vice President HR and Compliance	37.5	Officer	$243,392	$28,761	$272,153
Jeffrey Scott	Vice President Claims	37.5	Officer	$247,394	$21,760	$269,154
Dimitar Kotzev	Vice President IT	37.5	Officer	$204,096	$52,354	$256,450
Andrea Rossi	Vice President Operations	37.5	Officer	$146,557	$42,099	$188,656
Heather Holland	Treasurer and VP Accounting and Finance	30	Officer	$122,591	$42,577	$165,168
Ramzi Ballout	Senior Applications Architect	37.5	Highest	$154,633	$7,534	$162,167
Keith Legget	Claims Manager	37.5	Highest	$123,894	$35,360	$159,254
Marjorie Corbet	Claims Manager	37.5	Highest	$137,663	$20,612	$158,275
Sergey Dmitriev	Lead Applications Developer	37.5	Highest	$148,632	$7,484	$156,116
Craig Cote	Senior Systems Administrator	37.5	Highest	$132,241	$10,919	$143,160
Joseph Torti III	Director	1	Director	$0	$0	$0
Theresa Lewis	Director	1	Director	$0	$0	$0
Donald Baldini	Director	1	Director	$0	$0	$0
Harris E Berenson	Director	1	Director	$0	$0	$0
William Cahill	Director	1	Director	$0	$0	$0
Earl Cottam	Director	1	Director	$0	$0	$0
Lincoln Merrill Jr	Director	1	Director	$0	$0	$0
L Noel Patterson Jr	Director	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$7,619,305	$6,760,174	$6,405,507	$859,131
2022	$6,776,547	$4,636,330	$6,773,417	$2,140,217
2021	$6,554,035	$5,104,158	$2,796,356	$1,449,877

GUARANTY FUND MANAGEMENT SERVICES INC