Utah Property and Casualty Insurance Guarantee Association (EIN 870419349) - 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

Phone

3854205810

Tax Period

2024-01-01 to 2024-12-31

Utah Property and Casualty Insurance Guarantee Association, founded in 1971, is a small nonprofit that reported $800K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 139% operating deficit.

Mission

UTAH PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION (UPCIGA) WAS ORGANIZED BY STATE STATUTE TO PAY CLAIMS OF VERIFIED RESIDENT CLAIMANTS OF INSOLVENT INSURANCE COMPANIES.

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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 $682,168

Investment Income $117,603

Other Revenue $0

TOTAL REVENUE $799,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,054

Fundraising Expenses $0

Program Expenses $1,846,523

Other Expenses $1,607,128

TOTAL EXPENSES $1,913,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$799,771	$1,325,602	-0.4%
Expenses	$1,913,182	$2,707,607	-0.3%
Net Income	$-1,113,411	$-1,382,005	-0.2%

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

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

$127,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH ANDREWS BEAR RIVER MUTUAL	CHAIR	1.0	Officer Director	$0	$0	$0
SCOTT WESTRA WORKERS COMP FUND	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
ADRIANA ZERIO AMERICAN FAMILY MUTUA	DIRECTOR	1.0	Director	$0	$0	$0
DREW SCHOEWENGERDT ALLSTATE INS	DIRECTOR	1.0	Director	$0	$0	$0
ERIN KARLIN STATE FARM INSURANCE	DIRECTOR	1.0	Director	$0	$0	$0
GENE HAAS AUTO-OWNERS INSURANCE	DIRECTOR	1.0	Director	$0	$0	$0
KIMBERLEE REESE LANDCARTOTAL CARE	DIRECTOR	1.0	Director	$0	$0	$0
ALLEN J MUHLESTEIN	ASST EXECUTIVE DIR	20.0	Officer	$42,333	$0	$42,333
JIM CHRISTENSEN	EXECUTIVE DIRECTOR	40.0	Officer	$84,667	$0	$84,667

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	$799,771	$1,913,182	$5,034,981	$-1,113,411
2023	$1,325,602	$2,707,607	$6,148,636	$-1,382,005
2022	$401,068	$2,600,959	$7,528,761	$-2,199,891
2021	$704,012	$3,043,239	$9,727,866	$-2,339,227
2020	$345,641	$1,347,767	$12,066,956	$-1,002,126
2019	$1,878,882	$1,943,644	$13,070,598	$-64,762
2018	$1,828,145	$1,518,499	$13,136,020	$309,646

Utah Property and Casualty Insurance Guarantee Association