PROPERTY & CASUALTY INSURANCE GUARANTY CORPORATION

EIN: 521463854

TOWSON, MD

Total Revenue
$9,165,381
Total Expenses
$5,132,764
Total Assets
$34,115,887
Net Assets
$-21,918,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MD
Principal Officer
DEBORAH A PRICE
Phone
4102961620
Tax Period
2025-01-01 to 2025-12-31

PROPERTY & CASUALTY INSURANCE GUARANTY CORPORATION, founded in 1986, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2025. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 44% operating margin.

Mission

THE ORGANIZATION OPERATES TO PROTECT MARYLAND RESIDENTS FROM FINANCIAL LOSS FROM INSURERS' INSOLVENCY AND TO ASSESS LICENSED INSURERS FOR THE COSTS.

Program Service Accomplishments

Program 1

INSOLVENCY PROTECTION:THE PROPERTY AND CASUALTY GUARANTY CORPORATION HAS A 50-YEAR HISTORY OF HANDLING CLAIMS AND LITIGATION ARISING OUT OF INSOLVENT PROPERTY AND CASUALTY INSURANCE COMPANIES.PCIGC'S...

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INSOLVENCY PROTECTION:THE PROPERTY AND CASUALTY GUARANTY CORPORATION HAS A 50-YEAR HISTORY OF HANDLING CLAIMS AND LITIGATION ARISING OUT OF INSOLVENT PROPERTY AND CASUALTY INSURANCE COMPANIES.PCIGC'S MEMBERSHIP IS COMPOSED OF APPROXIMATELY 966 LICENSED MARYLAND DIRECT WRITERS OF PROPERTY AND CASUALTY INSURANCE. THE GUARANTY CORPORATION HAS A 50 YEAR HISTORY OF EXCELLENT PERFORMANCE IN THE PROTECTION OF MARYLAND RESIDENTS BY ITS COMPLIANCE WITH THE PRINCIPLES OF LEGALITY, OBJECTIVENESS AND DUE DILIGENCE IN CREATING THE NECESSARY CONDITIONS FOR COMPETENCY, FAIRNESS AND TRANSPARENCY IN ALL OF ITS ACTIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,985,858
Investment Income $1,177,953
Other Revenue $1,570
TOTAL REVENUE $9,165,381

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,521,432
Fundraising Expenses $0
Other Expenses $3,611,332
TOTAL EXPENSES $5,132,764

Year-over-Year Comparison

2025 2024 Change
Revenue $9,165,381 $4,908,082 +0.9%
Expenses $5,132,764 $6,643,103 -0.2%
Net Income $4,032,617 $-1,735,021 -3.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
13
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
$643,186
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY B HARLEE CHAIR 0.50
Officer Director
$0 $0 $0
FRANK LINARDI VICE CHAIR 0.50
Officer Director
$0 $0 $0
AMY KNELL SECRETARY 0.50
Officer Director
$0 $0 $0
LAURIE KUIPER DIRECTOR 0.50
Director
$0 $0 $0
BRIAN CULP DIRECTOR 0.50
Director
$0 $0 $0
JODI RICHARDS DIRECTOR 0.50
Director
$0 $0 $0
DAMIEN JOSEFIAK DIRECTOR 0.50
Director
$0 $0 $0
ROBERT GLASS DIRECTOR 0.50
Director
$0 $0 $0
GARY BARKMAN DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH PRICE PRESIDENT 40.00
Officer
$272,764 $43,601 $316,365
BRIAN PLEINES VICE PRESIDENT 40.00
Officer
$136,013 $34,730 $170,743
VALERIE KRESS ASSISTANT SECRETARY 40.00
Officer
$122,834 $33,244 $156,078
CHRISTINE HARTLINE CLAIMS MANAGER 40.00
Highest
$112,841 $30,259 $143,100
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 $9,165,381 $5,132,764 $34,115,887 $4,032,617
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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