ALASKA INSURANCE GUARANTY ASSOCIATION (EIN 237240300) - 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

DANA FERESTIEN

Phone

9073387484

Tax Period

2024-01-01 to 2024-12-31

ALASKA INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 99% operating margin.

Mission

THE PURPOSE OF THE ALASKA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICES TO AVOID EXCESSIVE DELAY IN PAYMENT AND, TO THE EXTENT PROVIDED UNDER THE ALASKA INSURANCE GUARANTY ACT, TO MINIMIZE FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COSTS OF THIS PROTECTION AMONG INSURERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $300

Investment Income $1,251,952

Other Revenue $121,272

TOTAL REVENUE $1,373,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,261

TOTAL EXPENSES $8,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,373,524	$1,154,639	+0.2%
Expenses	$8,261	$-592,174	-1.0%
Net Income	$1,365,263	$1,746,813	-0.2%

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

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
STACEY MATTESON	CHAIR - UMIALIK INSURANCE	0.10	Officer Director	$0	$0	$0
DANA A FERESTIEN	VICE CHAIR - ALASKA NATIONAL INS CO	0.10	Officer Director	$0	$0	$0
SHARIANN CALLAHAN	SEC/TRES - STATE FARM MUTUAL AUTO INS CO	0.10	Officer Director	$0	$0	$0
STEVEN HARRIS	NATIONAL UNION FIRE INS CO	0.10	Director	$0	$0	$0
JON HEDEGARD	ALLSTATE PROPERTY AND CASUALTY INS	0.10	Director	$0	$0	$0
SHELLIE MARTIN	TRAVELERS INDEMNITY CO	0.10	Director	$0	$0	$0
RICHARD STRUTZ	PUBLIC APPOINTEE	0.10	Director	$0	$0	$0
AARON SELBURG	CHURCH MUTUAL INS CO	0.10	Director	$0	$0	$0
BARBARA THURSTON	PUBLIC APPOINTEE	0.10	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
2024	$1,373,524	$8,261	$39,264,828	$1,365,263
2023	$1,154,639	$-592,174	$38,531,749	$1,746,813
2022	$845,744	$-1,413,011	$38,418,208	$2,258,755
2021	$1,346,403	$1,326,307	$41,497,822	$20,096
2020	$1,381,485	$2,103,214	$42,636,781	$-721,729
2019	$7,660,881	$-1,796,740	$44,483,067	$9,457,621
2018	$8,630,016	$-397,659	$40,507,062	$9,027,675

ALASKA INSURANCE GUARANTY ASSOCIATION