PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION (EIN 231965995) - 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

1970

Legal Domicile

Principal Officer

CHRISTOPHER SHERMER

Phone

2155681007

Tax Period

2023-01-01 to 2023-12-31

PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $12.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

REFER TO FORM 990, PART III, LINE 1

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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 $5,947,356

Investment Income $3,168,663

Other Revenue $0

TOTAL REVENUE $9,116,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,915,436

Fundraising Expenses $0

Program Expenses $12,057,201

Other Expenses $10,141,765

TOTAL EXPENSES $12,057,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,116,019	$17,374,884	-0.5%
Expenses	$12,057,201	$8,648,962	+0.4%
Net Income	$-2,941,182	$8,725,922	-1.3%

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

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

$311,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY ANZALONE ACKLEY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CAROL CINGRANELLI	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
SEAN WEIR	SECRETARY	3.00	Officer Director	$0	$0	$0
BRAD CORSO	TREASURER	3.00	Officer Director	$0	$0	$0
ADRIAN GUTIERREZ	DIRECTOR	3.00	Director	$0	$0	$0
JOHN CERRONE	DIRECTOR	3.00	Director	$0	$0	$0
JEREMY EISMANN	DIRECTOR	3.00	Director	$0	$0	$0
RAYMOND M BAUSO	EXECUTIVE DIRECTOR	40.00	Officer	$311,035	$0	$311,035
LISA A PRATT	CLAIM MANAGER	40.00	Highest	$218,192	$0	$218,192
DOUGLAS R FAHRINGER	GENERAL COUNSEL	40.00	Highest	$230,460	$0	$230,460
FRANCIS E KING	CLAIM SUPERVISOR	40.00	Highest	$166,210	$0	$166,210
CHRISTOHER SHERMER	DIRECTOR OF ACCOUNTING	40.00	Highest	$217,704	$0	$217,704

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	$9,116,019	$12,057,201	$161,962,262	$-2,941,182
2022	$17,374,884	$8,648,962	$161,229,955	$8,725,922
2021	$35,772,841	$9,448,590	$159,227,112	$26,324,251
2020	$30,762,397	$11,011,296	$116,209,567	$19,751,101
2019	$48,852,262	$60,734,485	$115,096,016	$-11,882,223
2018	$17,497,570	$26,561,828	$173,251,250	$-9,064,258

PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION