DISTRICT OF COLUMBIA INSURANCE GUARANTY ASSOCIATION (EIN 237322828) - 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

1973

Legal Domicile

Principal Officer

Barbara Petersen Law

Phone

6172277020

Tax Period

2024-01-01 to 2024-12-31

DISTRICT OF COLUMBIA INSURANCE GUARANTY ASSOCIATION, founded in 1973, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 254% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 7% surplus.

Mission

During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the District of Columbia state statute, Title 31, Subtitle IX, Chapter 55, Section 31-5501.

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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 $195,285

Investment Income $1,324,846

Other Revenue $0

TOTAL REVENUE $1,520,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,098,831

Other Expenses $317,888

TOTAL EXPENSES $1,416,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,520,131	$429,501	+2.5%
Expenses	$1,416,719	$838,184	+0.7%
Net Income	$103,412	$-408,683	-1.3%

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
L Noel Patterson Chair	representing Allstate Insurance Co.	1	Director	$0	$0	$0
Michael Catina Vice Chair	representing Zurich American Insurance Co.	1	Director	$0	$0	$0
Tom Brown Board Member	representing State Farm Mutual Auto. Ins. Co.	1	Director	$0	$0	$0
Samantha Freedman Board Member	representing Government Employees Ins Co	1	Director	$0	$0	$0
Steven Harris Board Member	representing National Union Fire Ins. Co. of Pitts.	1	Director	$0	$0	$0
Laurie G Kuiper Board Member	representing Nationwide Mutual Insurance Co.	1	Director	$0	$0	$0
Joseph Torti Board Member	representing US Fire Insurance Company	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
2024	$1,520,131	$1,416,719	$45,277,558	$103,412
2023	$429,501	$838,184	$45,174,146	$-408,683
2022	$772,773	$1,074,354	$45,582,829	$-301,581
2021	$606,348	$1,307,592	$45,884,410	$-701,244
2020	$1,821,050	$1,290,287	$46,585,654	$530,763

DISTRICT OF COLUMBIA INSURANCE GUARANTY ASSOCIATION