BRENTWOOD, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TENNESSEE INSURANCE GUARANTY ASSOCIATION, founded in 1973, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024. Expenses of $8.1M exceeded revenue, resulting in a 24% operating deficit.
TO OPERATE A PROPERTY AND CASUALTY SELF ASSESSMENT GUARANTY FUND AS DIRECTED UNDER TENNESSEE STATUTE (SEE T.C.A. 56-12-101 ET SEQ.).
THE SOLE ACTIVITY IS TO OPERATE A PROPERTY AND CASUALTY SELF ASSESSMENT GUARANTY FUND WHICH INVOLVES MAKING ASSESSMENTS OF MEMBER COMPANIES AND THE PAYMENT OF CLAIMS ARISING FROM MEMBER INSOLVENCY AS...
THE SOLE ACTIVITY IS TO OPERATE A PROPERTY AND CASUALTY SELF ASSESSMENT GUARANTY FUND WHICH INVOLVES MAKING ASSESSMENTS OF MEMBER COMPANIES AND THE PAYMENT OF CLAIMS ARISING FROM MEMBER INSOLVENCY AS DIRECTED UNDER TENNESSEE STATUTE (SEE T.C.A. 56-12-101 ET SEQ.).
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,572,879 | $6,316,558 | +0.0% |
| Expenses | $8,149,384 | $4,874,129 | +0.7% |
| Net Income | $-1,576,505 | $1,442,429 | -2.1% |
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 |
|---|---|---|---|---|---|---|
| JOHN MIZE | CHAIRMAN | 2.00 |
Director
|
$0 | $0 | $0 |
| SHAWN JOHNSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LISA PIERCE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| EDWARD LANCASTER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TRACEY GENTRY HARNEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LORRIE BROUSE | EXEC. SECRETARY | 27.00 |
Officer
|
$169,500 | $0 | $169,500 |
| KERRY NATIONS | ADMINISTRATOR | 45.00 |
Highest
|
$139,009 | $0 | $139,009 |
| BETH ANN DUFUR | CLAIM MANAGER | 45.00 |
Highest
|
$110,010 | $0 | $110,010 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,572,879 | $8,149,384 | $172,952,787 | $-1,576,505 |
| 2023 | $6,316,558 | $4,874,129 | $171,163,342 | $1,442,429 |
| 2022 | $5,456,137 | $4,652,517 | $163,937,561 | $803,620 |
| 2021 | $10,389,316 | $4,530,933 | $174,263,578 | $5,858,383 |
| 2020 | $4,546,849 | $5,290,700 | $171,858,547 | $-743,851 |
| 2019 | $39,838,506 | $5,364,306 | $171,282,798 | $34,474,200 |
| 2018 | $4,428,177 | $7,366,509 | $133,488,441 | $-2,938,332 |
Compare TENNESSEE INSURANCE GUARANTY ASSOCIATION with other nonprofits in Tennessee and across the country.