OREGON INSURANCE GUARANTY ASSOCIATION (EIN 510163758) - 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

1971

Legal Domicile

Principal Officer

CATHY BRAUGHTON-BAZANT

Phone

5036417132

Tax Period

2024-01-01 to 2024-12-31

OREGON INSURANCE GUARANTY ASSOCIATION, founded in 1971, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $16.9M exceeded revenue, resulting in a 451% operating deficit.

Mission

PAY CLAIMS OF INSOLVENT INSURANCE COMPANIES.

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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 $2,380,346

Investment Income $683,826

Other Revenue $0

TOTAL REVENUE $3,064,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,056

Fundraising Expenses $0

Other Expenses $16,577,101

TOTAL EXPENSES $16,892,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,064,172	$2,234,208	+0.4%
Expenses	$16,892,157	$2,155,209	+6.8%
Net Income	$-13,827,985	$78,999	-176.0%

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

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

$99,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON HEDEGARD	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MELISSA RIETMANN CRAWFORD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFF SAULS	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE THURLOW	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA VANSLYKE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE STEGING	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER CASTLE	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE S BRAUGHTON-BAZANT	ADMINISTRATOR	20.00	Officer	$88,663	$11,247	$99,910

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
2025	No data	No data	No data	No data
2024	$3,064,172	$16,892,157	$68,930,858	$-13,827,985
2023	$2,234,208	$2,155,209	$68,338,133	$78,999
2022	$20,811,033	$8,023,396	$65,632,220	$12,787,637
2021	$3,730,327	$545,280	$75,200,707	$3,185,047
2020	$4,173,213	$3,935,813	$78,332,287	$237,400
2019	$10,101,102	$15,150,743	$75,994,019	$-5,049,641
2018	$3,729,007	$7,946,769	$60,678,133	$-4,217,762

OREGON INSURANCE GUARANTY ASSOCIATION