Tennessee Insurance Guaranty

Organization Overview

Tennessee Insurance Guaranty is located in Nashville, TN. The organization was established in 1973. 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, Tennessee Insurance Guaranty employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Insurance Guaranty 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, Tennessee Insurance Guaranty generated $10.4m 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 (3.9%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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

TO OPERATE A PROPERTY AND CASUALTY SELF ASSESSMENT GUARANTY FUND AS DIRECTED UNDER TENNESSEE STATUTE (SEE T.C.A. 56-12-101 ET SEQ.).

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SOLE ACTIVITY IS TO OPERATE A PROPERTY AND CASUALTY SELF ASSESSMENT GUARANTY FUND WHICH INVOLVES MAKING ASSESSMENTS OF MEMBER COMPANIES AND THE PAYMENT OF CLAIMS ARISING FROM MEMBER INSOLVENCY AS DIRECTED UNDER TENNESSEE STATUTE (SEE T.C.A. 56-12-101 ET SEQ.).


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Board, Officers & Key Employees

Name (title)Compensation
Lorrie Brouse
Exec. Secretary
$157,991
Jane Murphy
Administrator
$141,960
Edward Lancaster
Board Member
$0
John Mize
Chairman
$0
Arthur Orgeron
Board Member
$0
Lisa Pierce
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
21 Century Living Services Inc
Contracted Services
$162,000
Carlisle Medical
Contracted Services
$1,034,099
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$4,897,085
Investment income $5,492,231
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 $0
Miscellaneous Revenue$0
Total Revenue $10,389,316

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