NonprofitsInsurance Guaranty Associations

Insurance Guaranty Associations

DUBLIN, OH

Total revenue

$1.4M

Total expenses

$1.9M

Net assets

$20.2M

Grants received

EIN

341112111

Tax year

2024

Mission

The mission of the ohio insurance guaranty association is to provide a level of protection for certain policy holders and claimants against the insolvency of an insurance company licensed to sell those types of policies in ohio when the company is placed into liquidation.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$488K
Investment income$913K
Other revenue$3K
Total revenue$1.4M

Expenses

Grants paid
Salaries & benefits$292K
Fundraising
Other expenses$1.7M
Total expenses$1.9M
Total assets$20.3M
Net assets$20.2M

People

8 listed

NameRoleCompensation

SONNI PETERSON

PRESIDENT

Board

$250K

14 hrs/wk

MARK SCHLOEMER

VICE CHAIR

Board

1 hrs/wk

WILLIAM MCGEE JR

SECRETARY/ TREASURER

Board

1 hrs/wk

BRADLEY CORSO

DIRECTOR

Board

0.5 hrs/wk

CHARLES WILSON

DIRECTOR

Board

0.5 hrs/wk

PATRICK FOLTYN

CHAIRMAN

Board

1 hrs/wk

BETH W MURPHY

DIRECTOR

Board

0.5 hrs/wk

ERIN FOWLE

DIRECTOR

Board

0.5 hrs/wk

Independent contractors

THE THOMAS FIRM LLC

CLAIMS DISBUSEMENT

$300K

Details

EIN341112111
Subsection06
Ruling date1974-02
Formed1974
Employees4
Volunteers0
INSURANCE GUARANTY ASSOCIATIONS — Mission, Financials & Grants Received | Grantivo