Guaranty Association Benefits Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 131,635,489 | 77,392,515 | 54,242,974 | 21.3 | 0% |
| 2015 | 96,682,788 | 78,985,422 | 17,697,366 | 23.5 | 1% |
| 2016 | 66,604,812 | 69,080,152 | −2,475,340 | 14.2 | 1% |
| 2017 | 64,217,536 | 62,932,767 | 1,284,769 | 16.5 | 1% |
| 2018 | 61,227,282 | 57,031,537 | 4,195,745 | 19.4 | 1% |
| 2019 | 63,951,811 | 57,478,583 | 6,473,228 | 22.3 | 1% |
| 2020 | 60,800,855 | 46,673,740 | 14,127,115 | 31.1 | 1% |
| 2021 | 54,247,522 | 45,122,339 | 9,125,183 | 34.5 | 1% |
| 2022 | 54,760,541 | 44,795,640 | 9,964,901 | 37.4 | 1% |
| 2023 | 59,125,067 | 51,896,875 | 7,228,192 | 33.7 | 1% |
In its most recent public year (2023), this organization brought in $7,228,192 more than it spent. Its reserves stood at about 33.7 months of spending, up from 21.3 in 2014. Staff pay was 1% 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
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