Texas Property And Casualty Insurance Guaranty Association

Organization Overview

Texas Property And Casualty Insurance Guaranty Association is located in Austin, TX. The organization was established in 1978. 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, Texas Property And Casualty Insurance Guaranty Association employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Property And Casualty 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, Texas Property And Casualty Insurance Guaranty Association generated $73.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $152.0m during the year ending 12/2021. While expenses have increased by 15.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF COVERED CLAIMS OF TEXAS POLICYHOLDERS.


WE ARE AN INSURANCE SAFETY NET AND PARTNER IN THE INSOLVENCY SYSTEM, FAIRLY AND PROMPTLY SERVING THE PEOPLE OF TEXAS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cpr Insurance Group Llc
Claims Processing
$7,245,238
The Willis Law Group Pllc
Legal Services
$2,573,545
Mehaffy Weber
Legal Services
$899,049
Matrixx
Pharmacy Services
$784,702
Hammermann And Gainer Llc
Claims Adjustment Services
$775,017
View All Vendors

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$65,591,287
Investment income $7,829,466
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$17,186
Miscellaneous Revenue$0
Total Revenue $73,403,567

Create an account to unlock the data you need.

or