Nevada Insurance Guarantee Association (EIN 880134332) - 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

7023680607

Tax Period

2024-01-01 to 2024-12-31

Nevada Insurance Guarantee Association, founded in 1971, is a small nonprofit that reported $142K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 2035% operating deficit.

Mission

PAY CLAIMS 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 $0

Investment Income $0

Other Revenue $142,278

TOTAL REVENUE $142,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,770

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,718,478

TOTAL EXPENSES $3,037,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,278	$10,357,258	-1.0%
Expenses	$3,037,248	$3,390,039	-0.1%
Net Income	$-2,894,970	$6,967,219	-1.4%

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

$165,773

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Hernandez	Secretary/Treasurer	0.5	Officer Director	$3,000	$0	$3,000
Kurt Stemmler	Vice Chairperson	0.5	Officer Director	$0	$0	$0
Peter Cazzolla	Chairperson	1.0	Officer Director	$2,000	$0	$2,000
Cecil Autry	Director	0.3	Director	$0	$0	$0
Dave Macy	Director	0.3	Director	$0	$0	$0
John Donahue	Director	0.5	Director	$0	$0	$0
Michele Balady	Director	0.3	Director	$0	$0	$0
Randi Cigelnik	Director	0.5	Director	$0	$0	$0
Joel Fierro	Executive Director	40.0	Officer	$144,521	$16,252	$160,773

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	$142,278	$3,037,248	$24,918,038	$-2,894,970
2023	$10,357,258	$3,390,039	$26,578,978	$6,967,219
2022	$14,989,543	$5,642,014	$18,546,670	$9,347,529
2021	$5,521,875	$8,701,715	$8,996,871	$-3,179,840
2020	$1,432,098	$6,767,368	$12,172,724	$-5,335,270
2019	$8,378,177	$5,351,150	$17,394,809	$3,027,027
2018	$7,597,528	$5,203,999	$14,022,775	$2,393,529

Nevada Insurance Guarantee Association