Alabama Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,908,212 | 16,161,132 | −252,920 | -60.7 | 7% |
| 2012 | 16,017,199 | 11,978,990 | 4,038,209 | -84.8 | 9% |
| 2013 | 26,534,226 | 39,649,007 | −13,114,781 | -31.1 | 3% |
| 2014 | 12,999,894 | 13,707,397 | −707,503 | -86.4 | 8% |
| 2015 | 15,291,831 | 12,839,589 | 2,452,242 | -78.3 | 8% |
| 2016 | 11,135,585 | 13,967,258 | −2,831,673 | -68.4 | 8% |
| 2017 | 14,020,105 | 11,230,590 | 2,789,515 | -91.3 | 8% |
| 2018 | 17,775,217 | 16,954,854 | 820,363 | -63.5 | 5% |
| 2019 | 81,416,496 | 9,550,674 | 71,865,822 | 1.6 | 10% |
| 2020 | 19,646,962 | 9,698,962 | 9,948,000 | 14.6 | 9% |
| 2021 | 6,611,625 | 10,416,705 | −3,805,080 | 9.3 | 9% |
| 2022 | 7,260,591 | 9,744,695 | −2,484,104 | 4.3 | 3% |
| 2023 | 6,286,707 | 8,946,612 | −2,659,905 | 19.8 | 4% |
In its most recent public year (2023), this organization spent $2,659,905 more than it brought in. Its reserves stood at about 19.8 months of spending, up from -60.7 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
Alabama 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