NonprofitsMinnesota Insurance Guaranty Association

Minnesota Insurance Guaranty Association

MINNEAPOLIS, MN

Total revenue

$11.1M

Total expenses

$11.2M

Net assets

$179.7M

Grants received

EIN

416140766

Tax year

2024

Mission

To provide a method of payment for certain claims against insolvent insurance companies.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$5.9M
Investment income$5.3M
Other revenue
Total revenue$11.1M

Expenses

Grants paid
Salaries & benefits$723K
Fundraising
Other expenses$10.4M
Total expenses$11.2M
Total assets$179.7M
Net assets$179.7M

People

10 listed

NameRoleCompensation

JEFF CHRISTENSEN

EXECUTIVE DIRECTOR

Board

$151K

37.5 hrs/wk

ROBERT FARBER

EXECUTIVE DIRECTOR THROUGH MAY

Board

$96K

37.5 hrs/wk

MICHAEL F MCGOVERN

CHAIR

Board

1 hrs/wk

KATHLEEN BRAY

VICE CHAIR

Board

1 hrs/wk

CHRISTOPHER DORLE

MEMBER

Board

1 hrs/wk

SARAH GROSKREUTZ

MEMBER

Board

1 hrs/wk

CHRIS MERIDETH

MEMBER

Board

1 hrs/wk

VICKY RIZZOLO

MEMBER

Board

1 hrs/wk

MICHAEL STERN

MEMBER

Board

1 hrs/wk

ANDREW WHITMAN

MEMBER

Board

1 hrs/wk

Independent contractors

RTW INC

VARIOUS MEDICAL SERVICES

$448K

HALL LAW

PLAINTIFF ATTORNEY

$250K

CORVEL HEALTHCARE CORPORATION

BILL REVIEW

$246K

GRAND VILLAGE

VARIOUS MEDICAL SERVICES

$182K

HOME INSTEAD

SENIOR CARE

$133K

Details

EIN416140766
Subsection06
Ruling date1973-06
Formed1971
Employees6
Volunteers0
MINNESOTA INSURANCE GUARANTY ASSOCIATION — Mission, Financials & Grants Received | Grantivo