OKLAHOMA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION

EIN: 731121874

OKLAHOMA CITY, OK

Total Revenue
$19,362,352
Total Expenses
$19,848,648
Total Assets
$63,891,196
Net Assets
$63,891,196
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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
1980
Legal Domicile
OK
Principal Officer
AMANDA BARBERA
Phone
4058435454
Tax Period
2024-01-01 to 2024-12-31

OKLAHOMA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, founded in 1980, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2024. Revenue surged 845% from the prior year, signaling strong growth momentum. Net assets of $63.9M represent 40 months of operating reserves.

Mission

THE ASSOCIATION, AS A NONPROFIT ACTING ON BEHALF OF ITS MEMBER INSURERS, PROVIDES A MECHANISM TO PAY COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT, TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF PROTECTION AMONG INSURERS. OKLAHOMA STATUTE, TITLE 36, SECTION 2002.A

Program Service Accomplishments

Program 1

PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER AND ASSESS THE COST OF THIS PROTECTION.

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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 $17,740,736
Investment Income $1,621,616
Other Revenue $0
TOTAL REVENUE $19,362,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $537,376
Fundraising Expenses $0
Other Expenses $1,852,411
TOTAL EXPENSES $19,848,648

Year-over-Year Comparison

2024 2023 Change
Revenue $19,362,352 $2,048,149 +8.5%
Expenses $19,848,648 $9,185,662 +1.2%
Net Income $-486,296 $-7,137,513 -0.9%
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
12
Independent Members
12
Employees
3
Volunteers
13

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 0.20
$0 $0 $0
N/A VICE-CHAIR 0.20
$0 $0 $0
N/A SECRETARY/TREASURER 0.20
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
N/A DIRECTOR 0.10
$0 $0 $0
AMANDA BARBERA EXECUTIVE DIRECTOR 10.00
Officer
$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 $19,362,352 $19,848,648 $63,891,196 $-486,296
2023 $2,048,149 $9,185,662 $64,375,362 $-7,137,513
2022 $942,781 $3,481,973 $71,511,443 $-2,539,192
2021 $8,374,389 $3,855,250 $74,052,010 $4,519,139
2020 $4,924,965 $4,386,919 $69,532,836 $538,046
2019 $7,321,697 $4,804,124 $68,994,920 $2,517,573
2018 $5,145,879 $7,084,331 $66,477,648 $-1,938,452
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