Missouri Private Sector Individual Self Insurers Guaranty Corporation

Organization Overview

Missouri Private Sector Individual Self Insurers Guaranty Corporation is located in Jefferson City, MO. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Private Sector Individual Self Insurers Guaranty Corporation 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, Missouri Private Sector Individual Self Insurers Guaranty Corporation generated $461.4k 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 (22.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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

MANAGES AND DISTRIBUTES WORKERS COMPENSATION PAYMENTS FOR SELF-INSURED COMPANIES, AS REQUIRED BY LAW

Describe the Organization's Program Activity:

Part 3 - Line 4a

MISSOURI PRIVATE SECTOR INDIVIDUAL SELF-INSURERS GUARANTY CORPORATION PROCESSES WORKERS' COMPENSATION CLAIMS FOR INSOLVENT COMPANIES, THEREBY PROTECTING THE INJURED WORKERS FROM LOSING THEIR ABILITY TO COLLECT WORKERS' COMPENSATION IN THE STATE OF MISSOURI. THE CORPORATION PRESENTLY ADMINISTERS 10 BANKRUPT COMPANIES WHO WERE SELF-INSURED AT THE TIME OF THEIR INSOLVENCY. 4 OF THOSE COMPANIES HAVE EXHAUSTED ALL OF THE SECURITY THAT WAS POSTED WITH THE STATE OF MISSOURI SO THOSE CLAIMS ARE NOW BEING PAID ON A PRO-RATA BASIS WITH AVAILABLE MONIES OF THE CORPORATION'S FUNDS WHICH HAD ACCUMULATED SINCE THE ESTABLISHMENT OF THE FUND.


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Board, Officers & Key Employees

Name (title)Compensation
David Waugh
Secretary
$0
Douglas Ladage
Vice Chair
$0
Randy Murdaugh
Treasurer
$0
Jackie French
Chairman
$0
Erin Pfeifer
Board Member
$0
Chrissy Boschert
Board Member
$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$383,000
Investment income $48,354
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 $461,354

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