Civic Intelligence

Colorado Insurance Guaranty Assn

EIN 23-7293721 • 501(c)6 • Denver, CO

Profile

To efficiently pay covered claims of policyholders and claimants of insolvent property and casualty insurers according to Colorado's guaranty act in cooperation with regulators and receivers, while responsibly managing the funds of the association.

1873 So Bellaire St Ste 920Denver, CO 80222

www.coiga.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Net Margin

96th percentile

57%

Higher net margin than 96% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

2.1%

Faster asset growth than 32% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

92nd percentile

143%

Faster revenue growth than 92% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$90,382,384

Up $2,219,176 (+2.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$90,382,384

Up $2,219,176 (+2.5%) from 2023

Operations
Liabilities / Revenue6th percentileNet Margin96th percentile

Revenue

Up

$3,903,525

Up $412,091 (+12%) from 2023

Expenses

Down

$1,684,349

Down $402,857 (-19%) from 2023

Net Income

Up

$2,219,176

Up $814,948 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $69,175,406Liabilities 2010: $0Net Assets 2010: $69,175,4062010Assets 2011: $70,594,835Liabilities 2011: $0Net Assets 2011: $70,594,8352011Assets 2012: $69,817,636Liabilities 2012: $0Net Assets 2012: $69,817,6362012Assets 2013: $74,785,682Liabilities 2013: $0Net Assets 2013: $74,785,6822013Assets 2014: $75,197,579Liabilities 2014: $0Net Assets 2014: $75,197,5792014Assets 2015: $74,955,140Liabilities 2015: $0Net Assets 2015: $74,955,1402015Assets 2016: $73,466,701Liabilities 2016: $0Net Assets 2016: $73,466,7012016Assets 2017: $73,883,408Liabilities 2017: $0Net Assets 2017: $73,883,4082017Assets 2018: $79,278,495Liabilities 2018: $0Net Assets 2018: $79,278,4952018Assets 2019: $89,913,581Liabilities 2019: $0Net Assets 2019: $89,913,5812019Assets 2020: $89,209,892Liabilities 2020: $0Net Assets 2020: $89,209,8922020Assets 2021: $88,525,927Liabilities 2021: $0Net Assets 2021: $88,525,9272021Assets 2022: $86,758,980Liabilities 2022: $0Net Assets 2022: $86,758,9802022Assets 2023: $88,163,208Liabilities 2023: $0Net Assets 2023: $88,163,2082023Assets 2024: $90,382,384Liabilities 2024: $0Net Assets 2024: $90,382,3842024

Highlighted filing

2024

Assets$90,382,384
Liabilities$0
Net Assets$90,382,384
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,832,4312010Expenses 2011: $3,703,3472011Expenses 2012: $4,433,9682012Revenue 2013: $8,841,400Expenses 2013: $3,873,354Net Income 2013: $4,968,0462013Revenue 2014: $1,832,149Expenses 2014: $1,420,252Net Income 2014: $411,8972014Revenue 2015: $2,634,407Expenses 2015: $2,876,846Net Income 2015: -$242,4392015Revenue 2016: $1,510,860Expenses 2016: $2,999,299Net Income 2016: -$1,488,4392016Revenue 2017: $2,009,609Expenses 2017: $1,592,902Net Income 2017: $416,7072017Revenue 2018: $7,795,649Expenses 2018: $2,400,562Net Income 2018: $5,395,0872018Revenue 2019: $12,967,233Expenses 2019: $2,332,147Net Income 2019: $10,635,0862019Revenue 2020: $1,483,413Expenses 2020: $2,187,102Net Income 2020: -$703,6892020Revenue 2021: $1,915,234Expenses 2021: $2,599,199Net Income 2021: -$683,9652021Revenue 2022: $660,985Expenses 2022: $2,427,932Net Income 2022: -$1,766,9472022Revenue 2023: $3,491,434Expenses 2023: $2,087,206Net Income 2023: $1,404,2282023Revenue 2024: $3,903,525Expenses 2024: $1,684,349Net Income 2024: $2,219,1762024

Highlighted filing

2024

Revenue$3,903,525
Expenses$1,684,349
Net Income$2,219,176
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$90,382,384
Liabilities
$0
Net assets
$90,382,384
Revenue
$3,903,525
Expenses
$1,684,349
Net income
$2,219,176
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$90.4$0.00$90.4$3.90$1.68$2.22
2023Detailed filing. Detailed filing data is available for this year.$88.2$0.00$88.2$3.49$2.09$1.40
2022Detailed filing. Detailed filing data is available for this year.$86.8$0.00$86.8$0.66$2.43$1.77
2021Detailed filing. Detailed filing data is available for this year.$88.5$0.00$88.5$1.92$2.60$0.68
2020Detailed filing. Detailed filing data is available for this year.$89.2$0.00$89.2$1.48$2.19$0.70
2019Detailed filing. Detailed filing data is available for this year.$89.9$0.00$89.9$13.0$2.33$10.6
2018Detailed filing. Detailed filing data is available for this year.$79.3$0.00$79.3$7.80$2.40$5.40
2017Detailed filing. Detailed filing data is available for this year.$73.9$0.00$73.9$2.01$1.59$0.42
2016Detailed filing. Detailed filing data is available for this year.$73.5$0.00$73.5$1.51$3.00$1.49
2015Detailed filing. Detailed filing data is available for this year.$75.0$0.00$75.0$2.63$2.88$0.24
2014Detailed filing. Detailed filing data is available for this year.$75.2$0.00$75.2$1.83$1.42$0.41
2013Detailed filing. Detailed filing data is available for this year.$74.8$0.00$74.8$8.84$3.87$4.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.8$0.00$69.8$4.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.6$0.00$70.6$3.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.2$0.00$69.2$3.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 30, 2025
Return Version
2024v5.0
Gross Receipts
$3,903,525
Mission and Program Overview

Mission

Protect citizens of Colorado by paying policy holder claims of insolvent property and casualty insurance companies which wrote business in Colorado.

To efficiently pay covered claims of policyholders and claimants of insolvent property and casualty insurers according to Colorado's guaranty act in cooperation with regulators and receivers, while responsibly managing the funds of the association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$87,863,208$90,082,384▲ $2,219,176
Cash and Non-Interest-Bearing Accounts$250,000$250,000→ $0
Accounts Receivable$50,000$50,000→ $0
Total Assets$88,163,208$90,382,384▲ $2,219,176
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$88,163,208$90,382,384▲ $2,219,176
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$88,163,208$90,382,384▲ $2,219,176
Total Liabilities and Net Assets / Fund Balance$88,163,208$90,382,384▲ $2,219,176
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
-Board Chair
-Board Vice Chair
-Board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Learning Services CorporationMedicalPO Box 415602, Boston, MA 02241-5602$290,753
Arnold & Itkin LLPSettlement6009 Memorial Drive, Houston, TX 77007$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$458,621
Investment Income
$3,444,904
Other Revenue
$0
Change in Net Assets
$2,219,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,684,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$584,658$0$0$584,658
Total Functional Expenses$1,684,349$0$0$1,684,349
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Colorado Insurance Guaranty Association's management duties are conducted by Western Guaranty Fund Services, a 501(c)6 organization created to provide accounting, administration and management for seven property and casualty insurance guaranty associations.”

Form 990, Part VI, Section A, Line 6

“Colorado Insurance Guaranty Association's members are licensed property and casualty insurance companies which write insurance covered under the Colorado Insurance Guaranty Association Act.”

Form 990, Part VI, Section A, Line 7A

“Members of the governing board of directors are elected by insurance companies that are members of the Colorado Insurance Guaranty Association.”

Form 990, Part VI, Section A, Line 7B

“Changes to members of the board of directors and the plan of operation must be approved by the Commissioner of Insurance in Colorado. The association is also subject to the commissioner's examination and regulation.”

Form 990, Part VI, Section B, Line 11B

“Colorado Insurance Guaranty Association's form 990 was prepared by Western Guaranty Fund Services and was emailed to the board of directors for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“At the beginning of every board meeting, members of the board are reminded about the potential for conflicts of interest and given the opportunity to discuss any conflicts. On an annual basis, board members are asked to sign that they understand and comply with the conflict-of-interest policy.”

Form 990, Part VI, Section C, Line 19

“Colorado Insurance Guaranty Association's governing documentation and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Colorado Insurance Guaranty Assn
EIN
23-7293721
Phone
3037595066
Address
1873 So Bellaire St Ste 920, Denver, CO 80222

Signing Officer

Name
Chad Anderson
Title
President-WGFS
Phone
3037595066
Signed
2025-05-30

Organization Details

Principal Officer
Chad Anderson
Formed
1971
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0
Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1Allstate Insurance rep Amy Diaconu
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2Employers Mutual Companies rep Gary Alford
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3State Farm Insurance rep Julie Blankenship
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4The Travelers rep Genus Dalton
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5American Family Insurance rep Robert Nash
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6Liberty Mutual rep Troy Lumaye
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IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0458621
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt087863208
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090082384
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Colorado Insurance Guaranty Association's management duties are conducted by Western Guaranty Fund Services, a 501(c)6 organization created to provide accounting, administration and management for seven property and casualty insurance guaranty associations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Colorado Insurance Guaranty Association's members are licensed property and casualty insurance companies which write insurance covered under the Colorado Insurance Guaranty Association Act.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the governing board of directors are elected by insurance companies that are members of the Colorado Insurance Guaranty Association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Changes to members of the board of directors and the plan of operation must be approved by the Commissioner of Insurance in Colorado. The association is also subject to the commissioner's examination and regulation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Colorado Insurance Guaranty Association's form 990 was prepared by Western Guaranty Fund Services and was emailed to the board of directors for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5At the beginning of every board meeting, members of the board are reminded about the potential for conflicts of interest and given the opportunity to discuss any conflicts. On an annual basis, board members are asked to sign that they understand and comply with the conflict-of-interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Colorado Insurance Guaranty Association's governing documentation and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt088163208
IRS990/TotalAssetsEOYAmt090382384
IRS990/TotalAssetsGrp/BOYAmt088163208
IRS990/TotalAssetsGrp/EOYAmt090382384
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01684349
IRS990/TotalFunctionalExpensesGrp/TotalAmt01684349
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088163208
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt090382384
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01684349
IRS990/TotalProgramServiceRevenueAmt0458621
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03903525
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03903525
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt088163208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt090382384
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01873 South Bellaire St
IRS990/USAddress/AddressLine2Txt0Ste 920
IRS990/USAddress/CityNm0Denver
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080222
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.coiga.org
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0Needed more time and timely filed form 8868 for an extension.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Chad Anderson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President-WGFS
ReturnHeader/BusinessOfficerGrp/PhoneNum03037595066
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLORADO INSURANCE GUARANTY ASSN
ReturnHeader/Filer/BusinessNameControlTxt0COLO
ReturnHeader/Filer/EIN0237293721
ReturnHeader/Filer/PhoneNum03037595066
ReturnHeader/Filer/USAddress/AddressLine1Txt01873 So Bellaire St Ste 920
ReturnHeader/Filer/USAddress/CityNm0Denver
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080222
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-06-11T14:41:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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