KANSAS INSURANCE GUARANTY ASSOCIAT… - Form 990 Financial Data

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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

Chad Anderson

Phone

3037595066

Tax Period

2025-01-01 to 2025-12-31

KANSAS INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2025. Revenue surged 599% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.8M, a strong 69% operating margin.

Mission

To efficiently pay covered claims of policyholders and claimants of insolvent property and casualty insurers according to the Kansas Insurance Guaranty Association Act in cooperation with regulators and receivers, while responsibly managing the funds of the association.

Program Service Accomplishments

Program 1

Expenses: $4,327,142 Revenue: $12,690,785

Kansas Insurance Guaranty Association reviewed over 1,200 claim files in 2025 and had 1,058 claims pending at year end. Over 2,500 checks were issued to claimants and providers during 2025.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,690,785

Investment Income $1,403,942

Other Revenue $0

TOTAL REVENUE $14,094,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,327,142

Other Expenses $4,327,142

TOTAL EXPENSES $4,327,142

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,094,727	$2,016,317	+6.0%
Expenses	$4,327,142	$2,845,732	+0.5%
Net Income	$9,767,585	$-829,415	-12.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Chair	1	Director	$0	$0	$0
N/A	Board Vice Chair	1	Director	$0	$0	$0
N/A	Board Secretary	1	Director	$0	$0	$0
N/A	Board Member	1	Director	$0	$0	$0
N/A	Board Member	1	Director	$0	$0	$0
N/A	Board Member	1	Director	$0	$0	$0
N/A	Board Member	1	Director	$0	$0	$0
N/A	Board Member	1	Director	$0	$0	$0
N/A	Board Member	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
2025	$14,094,727	$4,327,142	$42,726,024	$9,767,585
2024	$2,016,317	$2,845,732	$32,957,862	$-829,415
2023	$1,242,037	$3,591,958	$33,787,277	$-2,349,921
2022	$414,603	$1,804,344	$36,137,198	$-1,389,741
2021	$1,284,455	$1,504,697	$37,526,939	$-220,242
2020	$774,985	$1,537,948	$37,747,181	$-762,963
2019	$6,415,757	$1,676,370	$38,510,144	$4,739,387
2018	$3,507,945	$1,553,336	$33,770,757	$1,954,609

KANSAS INSURANCE GUARANTY ASSOCIATION