Minnesota Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 25,873,596 | 10,664,972 | 15,208,624 | 154.0 | 2% |
| 2012 | 20,869,867 | 11,914,805 | 8,955,062 | 146.9 | 2% |
| 2013 | 12,522,424 | 11,073,730 | 1,448,694 | 159.6 | 3% |
| 2014 | 19,035,200 | 12,890,194 | 6,145,006 | 142.8 | 3% |
| 2015 | 18,319,691 | 10,900,071 | 7,419,620 | 177.1 | 4% |
| 2016 | 19,324,393 | 10,947,905 | 8,376,488 | 185.5 | 4% |
| 2017 | 13,246,445 | 12,080,804 | 1,165,641 | 169.3 | 4% |
| 2018 | 16,636,952 | 10,749,050 | 5,887,902 | 196.8 | 4% |
| 2019 | 11,914,528 | 9,105,166 | 2,809,362 | 236.0 | 5% |
| 2020 | 12,001,627 | 9,370,085 | 2,631,542 | 232.7 | 5% |
| 2021 | 18,086,231 | 12,399,874 | 5,686,357 | 181.4 | 4% |
| 2022 | 7,219,133 | 10,507,373 | −3,288,240 | 210.3 | 5% |
| 2023 | 7,371,646 | 11,775,484 | −4,403,838 | 183.1 | 4% |
In its most recent public year (2023), this organization spent $4,403,838 more than it brought in. Its reserves stood at about 183.1 months of spending, up from 154 in 2011. Staff pay was 4% 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
Minnesota 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