Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
EIN 23-7366411 • 501(c)6 • Flowood, MS
Profile
Our mission is to manage in a professional and timely manner the property-casualty insolvencies for which miga is responsible by discharging association duties in accordance with governing statutes and plan of operating provisions.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
99th percentile
Higher net margin than 99% of similar nonprofits.
Top Officer Pay
10th percentile
Higher top officer pay than 10% of similar nonprofits.
Top officer pay equals 4.5% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Assets
Up$111,066,398
Up $774,948 (+0.7%) from 2023
Liabilities
Down$46,291,682
Down $20,975,125 (-31%) from 2023
Net Assets
Up$64,774,716
Up $21,750,073 (+51%) from 2023
Revenue
Up$3,630,256
Up $939,218 (+35%) from 2023
Expenses
Down-$17,767,935
Down $9,405,575 (-112%) from 2023
Net Income
Up$21,398,191
Up $10,344,793 (+94%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Our mission is to manage in a professional and timely manner the property-casualty insolvencies for which miga is responsible by discharging association duties in accordance with governing statutes and plan of operating provisions.
Manage in a professional and timely manner the property-casualty insolvencies for which miga is responsible by discharging association duties in accordance with governing statutes and plan of operating provisions.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $109,266,986 | $108,356,405 | ▼ $910,581 |
| Cash and Non-Interest-Bearing Accounts | $331,904 | $302,037 | ▼ $29,867 |
| Land, Buildings, and Equipment, Net | $19,513 | $58,834 | ▲ $39,321 |
| Total Assets | $110,291,450 | $111,066,398 | ▲ $774,948 |
| Other Assets Total | $673,047 | $2,349,122 | ▲ $1,676,075 |
| Liabilities | |||
| Other Liabilities | $67,266,807 | $46,291,682 | ▼ $20,975,125 |
| Total Liabilities | $67,266,807 | $46,291,682 | ▼ $20,975,125 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $43,024,643 | $64,774,716 | ▲ $21,750,073 |
| Total Net Assets Fund Balance | $43,024,643 | $64,774,716 | ▲ $21,750,073 |
| Total Liabilities and Net Assets / Fund Balance | $110,291,450 | $111,066,398 | ▲ $774,948 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $58,834 | $283,542 | $342,376 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Arthur Russell | Executive Director | FT | $163,918 | $163,918 |
| Name | Title |
|---|---|
| Jim Rowles Ms Farm Bureau | Chairman/executive Comm |
| Tiffany Hawkins Fcci Insurance Grou | Investment Comm-chair |
| Jeffrey Carver Berkley Southeast in | Vice Chairman/personnel Comm |
| Becky Hillhouse Amfed National | Claim Comm |
| Clint Fisher Ms Farm Bureau Ins | Claim Comm |
| Lisa Watson Emc | Claim Comm |
| Carey Breedlove Travelers Ins Co | Investment Comm |
| Greg Mclemore Ascot Group | Investment Comm |
| Carly Hermanson Allstate Insurance | Legislative Comm |
| Ray Waugh Nationwide Insurance Co | Legislative Comm |
| Bryan Hubbard Alfa Insurance Co | Secretary/treasurer/exec Comm |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Other Expenses | $-17,767,935 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Service Investment Mgmnt Fees | - | - | - | $162,172 |
| Depreciation Depletion | - | - | - | $7,007 |
| Other Expenses | - | - | - | $-22,416,333 |
| Total Functional Expenses | $0 | $0 | $0 | $-17,767,935 |
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Financial Statements | $162,172 |
| Expenses Not Reported on Form 990 | $0 |
| Total Expenses per Form 990 | $-17,767,935 |
| Expenses per Audited Statements | $-17,930,107 |
| Total Expenses per Audited Statements | $-17,930,107 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Claim Reserves | $43,950,567 |
| Operating Lease Liability | $1,586,853 |
| Post Retirement Benefit Obligation | $671,319 |
| Pension Liability | $82,943 |
“Committees do not have the authority to act on behalf of the governing body”
“A copy of the form 990 is provided to the board of directors prior to filing for review and approval.”
“Officers, directors, and key employees disclose annually any interest which might give rise to conflicts.”
“The independent board of directors determines the salaries for the executive director and key employees”
“The association makes its governing documents, policies, and financial statements available to the public upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | MANAGE IN A PROFESSIONAL AND TIMELY MANNER THE PROPERTY-CASUALTY INSOLVENCIES FOR WHICH MIGA IS RESPONSIBLE BY DISCHARGING ASSOCIATION DUTIES IN ACCORDANCE WITH GOVERNING STATUTES AND PLAN OF OPERATING PROVISIONS. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | RHONDA POWELL |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6019570072 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1905 COMMUNITY BANK WAY SUITE 120 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FLOWOOD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MS |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 39232 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 331904 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 302037 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2891536 |
| IRS990/CYOtherExpensesAmt | 0 | -17767935 |
| IRS990/CYOtherRevenueAmt | 0 | 738720 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 21398191 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | -17767935 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3630256 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 7007 |
| IRS990/Desc | 0 | THE MISSISSIPPI INSURANCE GUARANTY ASSOCIATION IS A NON-PROFIT ENTITY AUTHORIZED UNDER THE MISSISSIPPI INSURANCE GUARANTY ASSOCIATION LAW AS OF APRIL 6, 1970. THE ASSOCIATION PROVIDES A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID EXCESSIVE DELAY IN PAYMENT AND AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER. THE ACT REQUIRES ALL INSURERS WHO WRITE DIRECT INSURANCE EXCEPT LIFE, TITLE, SURETY, DISABILITY, CREDIT, MORTGAGE GUARANTY, AND OCEAN MARINE INSURANCE TO BE MEMBERS OF THE ASSOCIATION AS A CONDITION OF THEIR AUTHORITY TO TRANSACT INSURANCE BUSINESS IN MISSISSIPPI.THE ACT GRANTS THE ASSOCIATION THE POWERS TO ASSESS INSURERS AMOUNTS NECESSARY TO PAY CLAIMS AND OTHER EXPENSES OF THE ASSOCIATION. THE ASSESSMENT OF EACH MEMBER INSURER IS IN THE PROPORTION THAT THE NET DIRECT WRITTEN PREMIUMS FOR THE MEMBER INSURER FOR THE PRECEDING CALENDER YEAR BEARS TO THE NET DIRECT WRITTEN PREMIUMS OF ALL MEMBER INSURERS FOR THE PRECEDING CALENDER YEAR. THE ASSESSMENT FOR ANY YEAR IS LIMITED TO ONE PERCENT OF THAT MEMBER'S DIRECT WRITTEN PREMIUMS FOR THE PRECEEDING CALENDER YEAR.RECOVERIES, IF ANY, FROM THE RECEIVER OR LIQUIDATOR OF INSOLVENT INSURERS ARE TO BE REFUNDED TO THE MEMBER INSURERS IN PROPORTION TO THE CONTRIBUTIONS OF EACH MEMBER INSURER TO THE ASSOCIATION. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 162172 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BECKY HILLHOUSE AMFED NATIONAL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BRYAN HUBBARD ALFA INSURANCE CO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | CAREY BREEDLOVE TRAVELERS INS CO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CARLY HERMANSON ALLSTATE INSURANCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CLINT FISHER MS FARM BUREAU INS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | GREG MCLEMORE ASCOT GROUP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JEFFREY CARVER BERKLEY SOUTHEAST IN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JIM ROWLES MS FARM BUREAU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | LISA WATSON EMC |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | RAY WAUGH NATIONWIDE INSURANCE CO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | TIFFANY HAWKINS FCCI INSURANCE GROU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | ARTHUR RUSSELL |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 163918 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CLAIM COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY/TREASURER/EXEC COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | INVESTMENT COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | LEGISLATIVE COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CLAIM COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | INVESTMENT COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | VICE CHAIRMAN/PERSONNEL COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | CHAIRMAN/EXECUTIVE COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | CLAIM COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | LEGISLATIVE COMM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | INVESTMENT COMM-CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1970 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -380870 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 31834625 |
| IRS990/GrossReceiptsAmt | 0 | 35845751 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3272406 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3272406 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 109266986 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 108356405 |
| IRS990/IRPDocumentCnt | 0 | 135 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 283542 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 19513 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 58834 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 342376 |
| IRS990/LegalDomicileStateCd | 0 | MS |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 32215495 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | OUR MISSION IS TO MANAGE IN A PROFESSIONAL AND TIMELY MANNER THE PROPERTY-CASUALTY INSOLVENCIES FOR WHICH MIGA IS RESPONSIBLE BY DISCHARGING ASSOCIATION DUTIES IN ACCORDANCE WITH GOVERNING STATUTES AND PLAN OF OPERATING PROVISIONS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 43024643 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 64774716 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -380870 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -380870 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 351882 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 43024643 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 64774716 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 673047 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2349122 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | CLAIMS LOSSES |
| IRS990/OtherExpensesGrp/Desc | 1 | CLAIMS EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | CHANGE IN ESTIMATED CLA |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2702294 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1776925 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | -22416333 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 67266807 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 46291682 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 524298 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | RECOVERIES |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 738720 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 738720 |
| IRS990/OtherRevenueTotalAmt | 0 | 738720 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | ARTHUR RUSSELL |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1420269 |
| IRS990/PYOtherExpensesAmt | 0 | -8362360 |
| IRS990/PYOtherRevenueAmt | 0 | 1270769 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 11053398 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | -8362360 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2691038 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 21398191 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 58834 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 283542 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 342376 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 162172 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | -17930107 |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 162172 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 162172 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 351882 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 82943 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 671319 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 43950567 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 1586853 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | POST RETIREMENT BENEFIT OBLIGATION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | CLAIM RESERVES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | OPERATING LEASE LIABILITY |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 351882 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 162172 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3468084 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 58834 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | -17767935 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 46291682 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3630256 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3819966 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | -17930107 |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 163918 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | ARTHUR RUSSELL |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 163918 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT APPROVES EMPLOYEE COMPENSATION. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING FOR REVIEW AND APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | OFFICERS, DIRECTORS, AND KEY EMPLOYEES DISCLOSE ANNUALLY ANY INTEREST WHICH MIGHT GIVE RISE TO CONFLICTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE INDEPENDENT BOARD OF DIRECTORS DETERMINES THE SALARIES FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 110291450 |
| IRS990/TotalAssetsEOYAmt | 0 | 111066398 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 110291450 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 111066398 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | -17767935 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 67266807 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 46291682 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 67266807 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 46291682 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 43024643 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 64774716 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 163918 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3630256 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3630256 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 110291450 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 111066398 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationAssocInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1905 COMMUNITY BANK WAY SUITE 120 |
| IRS990/USAddress/CityNm | 0 | FLOWOOD |
| IRS990/USAddress/StateAbbreviationCd | 0 | MS |
| IRS990/USAddress/ZIPCd | 0 | 39232 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | WWW.MS-MIGA.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ARTHUR RUSSELL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6019570072 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MISSISSIPPI INSURANCE GUARANTY |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | ASSOCIATION FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MISS |
| ReturnHeader/Filer/EIN | 0 | 237366411 |
| ReturnHeader/Filer/PhoneNum | 0 | 6019570072 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1905 COMMUNITY BANK WAY 120 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FLOWOOD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MS |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 39232 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 640897081 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MATTHEWS CUTRER & LINDSAY PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1020 HIGHLAND COLONY PKWY 500 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | RIDGELAND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 39157 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6018988875 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-04-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRIS B SAVELL CPA |
| ReturnHeader/ReturnTs | 0 | 2025-04-29T14:29:48-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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