SIOUX FALLS, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH DAKOTA INSURANCE GUARANTY, founded in 1970, is a small nonprofit that reported $568K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 99% operating deficit.
THE SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION WAS FORMED TO PROVIDE BENEFITS TO INSURANCE POLICY HOLDERS OF PROPERTY, CASUALTY, WORKMEN'S COMPENSATION, AND AUTOMOBILE LIABILITY POLICIES, IN THE EVENT SUCH AN INSURANCE COMPANY THAT DOES BUSINESS IN SOUTH DAKOTA BECOMES INSOLVENT.
FROM ITS INCEPTION IN 1970 THROUGH DECEMBER 31, 2024, THE ASSOCIATION HAS PAID $28.7 MILLION TO OR ON BEHALF OF HOLDERS OF COVERED CLAIMS AGAINST INSOLVENT AUTOMOBILE, WORKERS' COMPENSATION AND...
FROM ITS INCEPTION IN 1970 THROUGH DECEMBER 31, 2024, THE ASSOCIATION HAS PAID $28.7 MILLION TO OR ON BEHALF OF HOLDERS OF COVERED CLAIMS AGAINST INSOLVENT AUTOMOBILE, WORKERS' COMPENSATION AND PROPERTY AND CASUALTY INSURERS WHO TRANSACTED BUSINESS IN THE STATE OF SOUTH DAKOTA. THE ASSOCIATION HAS ALSO REFUNDED $1.8 MILLION IN UNEARNED PREMIUM TO POLICYHOLDERS OF THOSE INSOLVENT INSURERS.
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 | $567,718 | $334,193 | +0.7% |
| Expenses | $1,127,039 | $1,466,158 | -0.2% |
| Net Income | $-559,321 | $-1,131,965 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| JIM DAVIDSON | CHAIRMAN | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE BRUNING | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELVIN JURAN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BOWKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB HOVLAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN PAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWIN EVANS | MANAGING SECRETARY | 4.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $567,718 | $1,127,039 | $7,299,419 | $-559,321 |
| 2023 | $334,193 | $1,466,158 | $7,858,740 | $-1,131,965 |
| 2022 | $177,209 | $306,307 | $8,990,705 | $-129,098 |
| 2021 | $2,196,992 | $682,755 | $9,119,803 | $1,514,237 |
| 2020 | $614,102 | $624,021 | $7,605,566 | $-9,919 |
| 2019 | $1,299,530 | $592,583 | $7,474,195 | $706,947 |
| 2018 | $361,837 | $620,048 | $6,767,248 | $-258,211 |
Compare SOUTH DAKOTA INSURANCE GUARANTY with other nonprofits in South Dakota and across the country.