Oregon Insurance Guaranty Association

Organization Overview

Oregon Insurance Guaranty Association is located in Beaverton, OR. The organization was established in 1975. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Oregon Insurance Guaranty Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Insurance Guaranty Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Oregon Insurance Guaranty Association generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PAY CLAIMS OF INSOLVENT INSURANCE COMPANIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF CLAIMS, CLAIMS EXPENSES AND UNEARNED PREMIUMS TO POLICY HOLDERS OF INSOLVENT INSURANCE COMPANIES.


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Board, Officers & Key Employees

Name (title)Compensation
Catherine S Braughton-Bazant
Administrator
$60,186
Steve Patterson
Chairman
$0
Melissa Rietmann Crawford
Vice Chairman
$0
Mike Rasmussen
Treasurer
$0
Melanie Thurlow
Director
$0
Aaron Selburg
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,676,959
Investment income $1,925,921
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $127,482
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,730,327

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