ASSOCIATION OF FINANCIAL GUARANTY INSURERS INC (EIN 133408953) - 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

1986

Legal Domicile

Phone

5182531000

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF FINANCIAL GUARANTY INSURERS INC, founded in 1986, is a small nonprofit that reported $186K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $272K exceeded revenue, resulting in a 46% operating deficit.

Mission

Monitoring issues concerning the financial guaranty industry; direct communications with the Association's members and federal and state legislators and regulators; communications with the public in the U.S. and abroad through news media and website.

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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 $185,000

Program Service Revenue $0

Investment Income $1,330

Other Revenue $0

TOTAL REVENUE $186,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,000

Other Expenses $272,434

TOTAL EXPENSES $272,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,330	$230,777	-0.2%
Expenses	$272,434	$279,186	0.0%
Net Income	$-86,104	$-48,409	+0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Adam Bergonzi	Chair Director of AFGI	Officer Director	$0	$0	$0
Jorge Gana	Vice Chair Director of AFGI	Officer Director	$0	$0	$0
David Barranco	Secretary Treasurer Director of AFGI	Officer Director	$0	$0	$0
A Edward Turi III	Director of AFGI	Director	$0	$0	$0
Gary Saunders	Director of AFGI	Director	$0	$0	$0
David Steel	Director Emeritus of AFGI	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	$186,330	$272,434	$304,919	$-86,104
2022	$230,777	$279,187	$391,022	$-48,410
2021	$245,587	$319,033	$439,432	$-73,446
2020	$291,091	$273,491	$534,367	$17,600

ASSOCIATION OF FINANCIAL GUARANTY INSURERS INC