Florida Insurance Guaranty Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 30,726,205 | 78,648,502 | −47,922,297 | 35.0 | 2% |
| 2021 | 69,775,108 | 156,884,908 | −87,109,800 | 10.9 | 1% |
| 2022 | 646,169,972 | 677,050,862 | −30,880,890 | 5.0 | 0% |
| 2023 | 478,366,102 | 773,886,119 | −295,520,017 | -0.2 | 0% |
In its most recent public year (2023), this organization spent $295,520,017 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), down from 35 in 2020. 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
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