Denver, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IDAHO INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 19% operating deficit.
To efficiently pay covered claims of policyholders and claimants of insolvent property and casualty insurers according to the Idaho Insurance Guaranty Association Act in cooperation with regulators and receivers, while responsibly managing the funds of the association.
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 | $1,398,880 | $2,626,926 | -0.5% |
| Expenses | $1,664,126 | $1,105,432 | +0.5% |
| Net Income | $-265,246 | $1,521,494 | -1.2% |
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 Graham rep Assoc Loggers Exch | Board Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| Celeste Holmes rep Mut of Enumclaw | Board Vice Chair | 1.0 |
Director
|
$0 | $0 | $0 |
| Kim Decker rep Farmers Insurance | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Veronica Vanslyke rep American Fam | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Adrian Celaya rep Gen State Ins | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Jon Hedegard rep Allstate Ins | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Erin Karlin rep State Farm Ins | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Brandon Peterson rep Farm Bureau In | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,398,880 | $1,664,126 | $7,129,424 | $-265,246 |
| 2023 | $2,626,926 | $1,105,432 | $7,394,670 | $1,521,494 |
| 2022 | $2,173,995 | $1,508,479 | $5,873,176 | $665,516 |
| 2021 | $1,874,102 | $962,648 | $5,207,660 | $911,454 |
| 2020 | $135,912 | $721,432 | $4,296,206 | $-585,520 |
| 2019 | $616,079 | $1,166,606 | $4,881,726 | $-550,527 |
| 2018 | $305,595 | $1,364,705 | $5,432,253 | $-1,059,110 |
Compare IDAHO INSURANCE GUARANTY ASSOCIATION with other nonprofits in Colorado and across the country.