PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE A MEANS FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN THE PAYMENT OF SUCH CLAIMS, AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS AS A RESULT OF THE INSOLVENCY OF AN INSURER.
DURING THE YEAR, THE PENNSYLVANIA PROPERTY & CASUALTY INSURANCE GUARANTY ASSOCIATION PROVIDED PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES TO AVOID EXCESSIVE DELAY...
DURING THE YEAR, THE PENNSYLVANIA PROPERTY & CASUALTY INSURANCE GUARANTY ASSOCIATION PROVIDED PAYMENT OF COVERED CLAIMS UNDER CERTAIN PROPERTY AND CASUALTY INSURANCE POLICIES TO AVOID EXCESSIVE DELAY IN PAYMENT OF SUCH CLAIMS AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICY HOLDERS AS A RESULT OF THE INSOLVENCY OF AN INSURER IN ACCORDANCE WITH TITLE 40 - INSURANCE P.S. 991.1801 ET SEQ OF THE PENNSYLVANIA STATUTE.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare PENNSYLVANIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION with other nonprofits in Pennsylvania and across the country.