Bismarck, ND
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
None
The North Dakota Insurance Guaranty Association (the "Association") was created in July 1976 as a nonprofit legal entity under section 26.142.104 of the North Dakota Century Code. The Association...
The North Dakota Insurance Guaranty Association (the "Association") was created in July 1976 as a nonprofit legal entity under section 26.142.104 of the North Dakota Century Code. The Association performs its functions under a plan of operation established and approved under NDCC 26.142.104 and exercises its powers through a board of directors. The Association consists of member insurers that are authorized to transact property and casualty insurance in the State of North Dakota. All member insurers shall be and remain members of the Association as a condition of the insurers' authority to transact insurance in North Dakota. The Association was established to provide protection to policyholders and claimants of property and casualty insurance policies of insolvent insurer members. The Association pays Insurance claims, adjusting and return premiums for insolvent insurance companies that are licensed and doing business in the state of North Dakota.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare North Dakota Insurance Guaranty Association with other nonprofits in North Dakota and across the country.