TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION (EIN 741956695) - 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

1971

Legal Domicile

Principal Officer

MARK TSUTSUI

Phone

5123459335

Tax Period

2024-01-01 to 2024-12-31

TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, founded in 1971, is a mid-sized nonprofit that reported $94.1M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $31.4M, a strong 33% operating margin.

Mission

We are an insurance safety net and partner in the insolvency system, fairly serving the people of Texas in an efficient and cost-effective way.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $77,082,069

Investment Income $16,981,627

Other Revenue $0

TOTAL REVENUE $94,063,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,347,891

Fundraising Expenses $0

Program Expenses $54,938,938

Other Expenses $57,270,156

TOTAL EXPENSES $62,618,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,063,696	$163,821,338	-0.4%
Expenses	$62,618,047	$110,921,520	-0.4%
Net Income	$31,445,649	$52,899,818	-0.4%

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

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

$333,721

Total Directors

Key Employees

$702,194

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John J D'Amato	Chief Financial Officer	40	Key Emp	$255,651	$0	$255,651
Gary Vieira	Director of Information Technology	40	Key Emp	$214,405	$0	$214,405
Annette Evans	Claims Director	40	Key Emp	$208,075	$0	$208,075
Amber Walker	Claims Attorney	40	Highest	$186,992	$0	$186,992
Makoto Tsutsui	Executive Director	40	Officer	$181,357	$0	$181,357
David W Nardecchia	Executive Director	40	Officer	$152,364	$0	$152,364
Thathiana Bermudez	HR Director	40	Highest	$137,439	$0	$137,439
Adnan Yasin	IT Director	40	Key Emp	$24,063	$0	$24,063
Ty Collin Simmons	Board Chair	1	Director	$0	$0	$0
Michael F Gerik	Vice Chair	1	Director	$0	$0	$0
Levi Steve Holt	Board Member	1	Director	$0	$0	$0
Norma Garcia	Board member	1	Director	$0	$0	$0
Angela Doss	Board Member	1	Director	$0	$0	$0
Chris Merideth	Board Member	1	Director	$0	$0	$0
Karen Phillips	Board Member	1	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	$94,063,696	$62,618,047	$546,786,939	$31,445,649
2023	$163,821,338	$110,921,520	$517,988,699	$52,899,818
2022	$112,788,856	$84,237,559	$464,302,453	$28,551,297
2021	$73,403,567	$152,009,501	$528,394,738	$-78,605,934
2020	$21,639,787	$24,991,542	$516,175,428	$-3,351,755
2019	$62,109,274	$27,385,645	$499,052,388	$34,723,629
2018	$27,906,236	$36,364,341	$418,761,913	$-8,458,105

TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION