North Dakota Insurance Guaranty Association (EIN 510186142) - 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

1976

Legal Domicile

Principal Officer

Jeff Cahill

Phone

7012249555

Tax Period

2025-01-01 to 2025-12-31

North Dakota Insurance Guaranty Association, founded in 1976, is a small nonprofit that reported $232K in total revenue in fiscal year 2025. The organization ran a surplus of $88K, a strong 38% operating margin.

Mission

The Association pays insurance claims, adjusting and return premiums for insolvent insurance companies that were licensed and doing business in the state of North Dakota.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $494

Investment Income $231,196

Other Revenue $0

TOTAL REVENUE $231,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,000

Fundraising Expenses $0

Other Expenses $75,120

TOTAL EXPENSES $144,120

Year-over-Year Comparison

	2025	2024	Change
Revenue	$231,690	$235,357	0.0%
Expenses	$144,120	$138,631	+0.0%
Net Income	$87,570	$96,726	-0.1%

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

$69,000

Total Directors

$24,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Folendorf	Treasurer	10.00	Officer Director	$24,600	$0	$24,600
Kristi Schlosser-Carlson	Secretary	1.00	Officer Director	$0	$0	$0
Chris Oen	Board Chairman	1.00	Officer Director	$0	$0	$0
Matt Horner	Board Member	0.10	Director	$0	$0	$0
Rob Hovland	Board member	0.10	Director	$0	$0	$0
Doug Flatness	Board member	0.10	Director	$0	$0	$0
Amanda Holt	Board Member	0.10	Director	$0	$0	$0
Tony Burbach	Board Member partial year	0.10	Director	$0	$0	$0
Dean Richter	Board Member partial year	0.10	Director	$0	$0	$0
Jeff Cahill	Managing Secretary	10.00	Officer	$44,400	$0	$44,400

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	$231,690	$144,120	$6,562,139	$87,570
2024	$235,357	$138,631	$6,441,447	$96,726
2023	$96,096	$158,890	$6,379,643	$-62,794
2022	$53,291	$157,520	$6,442,437	$-104,229
2021	$131,880	$131,090	$6,546,666	$790
2020	$146,230	$134,334	$6,545,876	$11,896

North Dakota Insurance Guaranty Association