Mississippi Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,545,109 | 1,369,602 | 16,175,507 | 257.0 | 0% |
| 2012 | 12,895,240 | 20,235,743 | −7,340,503 | 12.7 | 0% |
| 2013 | 9,568,734 | 9,063,215 | 505,519 | 23.9 | 0% |
| 2014 | 7,862,178 | 417,180 | 7,444,998 | 751.7 | 0% |
| 2015 | 8,035,507 | 17,440,452 | −9,404,945 | 11.0 | 0% |
| 2016 | 4,374,035 | 6,906,007 | −2,531,972 | 22.7 | 0% |
| 2017 | 3,328,552 | 1,014,457 | 2,314,095 | 175.9 | 0% |
| 2018 | 19,736,015 | 15,276,144 | 4,459,871 | 14.5 | 0% |
| 2019 | 23,041,194 | 31,043,008 | −8,001,814 | 5.0 | 0% |
| 2020 | 3,927,073 | −6,890,889 | 10,817,962 | -48.9 | 0% |
| 2021 | 4,014,467 | −3,205,227 | 7,219,694 | -119.0 | 0% |
| 2022 | 4,863,584 | −2,377,967 | 7,241,551 | -143.8 | 0% |
| 2023 | 2,691,038 | −8,362,360 | 11,053,398 | -61.7 | 0% |
In its most recent public year (2023), this organization brought in $11,053,398 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-61.7 months), down from 257 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Mississippi Insurance Guaranty Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works