PROPERTY & CASUALTY INSURANCE GUARANTY CORPORATION

EIN: 521463854

TOWSON, MD

Total Revenue
$4,908,082
Total Expenses
$6,643,103
Total Assets
$30,083,270
Net Assets
$-31,275,366
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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
1986
Legal Domicile
MD
Principal Officer
DEBORAH A PRICE
Phone
4102961620
Tax Period
2024-01-01 to 2024-12-31

PROPERTY & CASUALTY INSURANCE GUARANTY CORPORATION, founded in 1986, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROTECT MD RESIDENTS FROM LOSS FROM INSURERS' INSOLVENCY AND ASSESS INSURERS FOR THE COSTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,636,242
Investment Income $1,266,586
Other Revenue $5,254
TOTAL REVENUE $4,908,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,427,659
Fundraising Expenses $0
Other Expenses $5,215,444
TOTAL EXPENSES $6,643,103

Year-over-Year Comparison

2024 2023 Change
Revenue $4,908,082 $18,112,042 -0.7%
Expenses $6,643,103 $7,566,889 -0.1%
Net Income $-1,735,021 $10,545,153 -1.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
16
Volunteers
9

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
6
$639,593
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH PRICE PRESIDENT 40.00
Officer
$272,484 $42,995 $315,479
BRIAN PLEINES VICE PRESIDENT 40.00
Officer
$136,733 $32,014 $168,747
VALERIE KRESS ASST. SECRETARY 40.00
Officer
$120,195 $35,172 $155,367
CHRISTINE HARLINE CLAIMS MANAGER 40.00
Highest
$109,624 $29,476 $139,100
SANDRA L DODSON CHAIR 0.50
Officer Director
$0 $0 $0
MARY B HARLEE VICE CHAIR 0.50
Officer Director
$0 $0 $0
FRANK LINARDI SECRETARY 0.50
Officer Director
$0 $0 $0
BRIAN CULP DIRECTOR 0.50
Director
$0 $0 $0
ROBERT GLASS DIRECTOR 0.50
Director
$0 $0 $0
LAURIE KUIPER DIRECTOR 0.50
Director
$0 $0 $0
JODI RICHARDS DIRECTOR 0.50
Director
$0 $0 $0
PAUL STENBJORN DIRECTOR 0.50
Director
$0 $0 $0
KELLY SUE-LING DIRECTOR 0.50
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 $4,908,082 $6,643,103 $30,083,270 $-1,735,021
2023 $18,112,042 $7,566,889 $31,818,291 $10,545,153
2022 $5,083,491 $8,079,158 $21,273,139 $-2,995,667
2021 $4,102,215 $8,934,304 $24,268,806 $-4,832,089
2020 $7,402,132 $10,126,043 $29,100,895 $-2,723,911
2019 $5,330,952 $10,224,380 $31,824,806 $-4,893,428
2018 $9,553,900 $11,177,218 $36,718,234 $-1,623,318
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