Civic Intelligence

Texas Mutual Insurance Company

EIN 74-2615873 • 501(c)27 • Austin, TX

Profile

Established by Texas statute to provide a stable, competitive source of workers' compensation insurance for Texas employers, acts as an insurer of last resort, and helps to prevent on-the-job injuries and illnesses and minimize their consequences.

Refreshing map…

2200 Aldrich StreetAustin, TX 78723

www.texasmutual.com

Siviq Scores

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

Liabilities / Assets

55th percentile

0.41x

Higher debt load relative to assets than 55% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

2.30x

Higher debt load relative to revenue than 73% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

58th percentile

$1,716,743

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

24th percentile

1.7%

Faster asset growth than 24% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

11%

Faster revenue growth than 46% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,566,132,270

Up $146,548,854 (+1.7%) from 2023

Liabilities

Down

$3,519,011,475

Down $22,470,216 (-0.6%) from 2023

Net Assets

Up

$5,047,120,795

Up $169,019,070 (+3.5%) from 2023

Revenue

Up

$1,532,187,813

Up $145,863,205 (+11%) from 2023

Expenses

Up

$1,316,092,367

Up $30,703,772 (+2.4%) from 2023

Net Income

Up

$216,095,446

Up $115,159,433 (+114%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10B$5.0B$0Assets 2010: $4,720,886,660Liabilities 2010: $3,110,707,890Net Assets 2010: $1,610,178,7702010Assets 2011: $4,379,959,985Liabilities 2011: $2,702,743,429Net Assets 2011: $1,677,216,5562011Assets 2012: $4,890,294,385Liabilities 2012: $2,955,905,382Net Assets 2012: $1,934,389,0032012Assets 2013: $5,517,176,651Liabilities 2013: $3,186,694,625Net Assets 2013: $2,330,482,0262013Assets 2014: $5,997,451,061Liabilities 2014: $3,436,435,897Net Assets 2014: $2,561,015,1642014Assets 2015: $6,318,486,031Liabilities 2015: $3,536,632,294Net Assets 2015: $2,781,853,7372015Assets 2016: $6,633,876,390Liabilities 2016: $3,469,399,074Net Assets 2016: $3,164,477,3162016Assets 2017: $7,061,649,960Liabilities 2017: $3,528,224,070Net Assets 2017: $3,533,425,8902017Assets 2018: $7,177,542,373Liabilities 2018: $3,611,856,729Net Assets 2018: $3,565,685,6442018Assets 2019: $7,631,590,732Liabilities 2019: $3,631,588,995Net Assets 2019: $4,000,001,7372019Assets 2020: $7,829,763,414Liabilities 2020: $3,551,793,759Net Assets 2020: $4,277,969,6552020Assets 2021: $8,249,270,527Liabilities 2021: $3,438,067,021Net Assets 2021: $4,811,203,5062021Assets 2022: $8,234,972,587Liabilities 2022: $3,500,176,871Net Assets 2022: $4,734,795,7162022Assets 2023: $8,419,583,416Liabilities 2023: $3,541,481,691Net Assets 2023: $4,878,101,7252023Assets 2024: $8,566,132,270Liabilities 2024: $3,519,011,475Net Assets 2024: $5,047,120,7952024

Highlighted filing

2024

Assets$8,566,132,270
Liabilities$3,519,011,475
Net Assets$5,047,120,795

Operations Trend

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

$2.0B$1.5B$1.0B$500M$0Expenses 2010: $676,657,0432010Expenses 2011: $809,923,7722011Expenses 2012: $923,011,3642012Revenue 2013: $1,256,582,687Expenses 2013: $1,010,754,324Net Income 2013: $245,828,3632013Revenue 2014: $1,463,065,976Expenses 2014: $1,141,818,453Net Income 2014: $321,247,5232014Revenue 2015: $1,338,360,568Expenses 2015: $1,048,929,806Net Income 2015: $289,430,7622015Revenue 2016: $1,293,722,109Expenses 2016: $974,892,160Net Income 2016: $318,829,9492016Revenue 2017: $1,334,427,425Expenses 2017: $1,102,241,054Net Income 2017: $232,186,3712017Revenue 2018: $1,417,228,021Expenses 2018: $1,231,815,865Net Income 2018: $185,412,1562018Revenue 2019: $1,394,588,110Expenses 2019: $1,176,764,127Net Income 2019: $217,823,9832019Revenue 2020: $1,306,549,522Expenses 2020: $1,095,776,895Net Income 2020: $210,772,6272020Revenue 2021: $1,373,422,301Expenses 2021: $1,116,554,043Net Income 2021: $256,868,2582021Revenue 2022: $1,300,355,257Expenses 2022: $1,209,915,305Net Income 2022: $90,439,9522022Revenue 2023: $1,386,324,608Expenses 2023: $1,285,388,595Net Income 2023: $100,936,0132023Revenue 2024: $1,532,187,813Expenses 2024: $1,316,092,367Net Income 2024: $216,095,4462024

Highlighted filing

2024

Revenue$1,532,187,813
Expenses$1,316,092,367
Net Income$216,095,446

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8,566$3,519$5,047$1,532$1,316$216
2023Summary only. Only limited summary data is available for this year.$8,420$3,541$4,878$1,386$1,285$101
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8,235$3,500$4,735$1,300$1,210$90.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8,249$3,438$4,811$1,373$1,117$257
2020Summary only. Only limited summary data is available for this year.$7,830$3,552$4,278$1,307$1,096$211
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7,632$3,632$4,000$1,395$1,177$218
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7,178$3,612$3,566$1,417$1,232$185
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7,062$3,528$3,533$1,334$1,102$232
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6,634$3,469$3,164$1,294$975$319
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6,318$3,537$2,782$1,338$1,049$289
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5,997$3,436$2,561$1,463$1,142$321
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5,517$3,187$2,330$1,257$1,011$246
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,890$2,956$1,934$923
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4,380$2,703$1,677$810
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,721$3,111$1,610$677
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$5,531,742,949
Mission and Program Overview

Mission

Established by Texas statute to serve as a competitive force and act as the workers' compensation insurer of last resort.

Established by Texas statute to provide a stable, competitive source of workers' compensation insurance for Texas employers, acts as an insurer of last resort, and helps to prevent on-the-job injuries and illnesses and minimize their consequences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,809,735,333$6,041,419,005▲ $231,683,672
Rtn Earn Endowment Incm Other Fnds$4,878,101,725$5,047,120,795▲ $169,019,070
Investments Other Securities$1,902,403,066$1,768,127,464▼ $134,275,602
Accounts Receivable$478,925,051$480,367,510▲ $1,442,459
Savings and Temporary Cash Investments$119,603,019$163,586,605▲ $43,983,586
Land, Buildings, and Equipment, Net$93,552,706$91,151,172▼ $2,401,534
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-29,234,788$-29,590,726▼ $355,938
Total Assets$8,419,583,416$8,566,132,270▲ $146,548,854
Other Assets Total$44,599,029$51,071,240▲ $6,472,211
Liabilities
Other Liabilities$2,880,413,558$2,869,526,901▼ $10,886,657
Deferred Revenue$534,135,691$536,034,419▲ $1,898,728
Accounts Payable and Accrued Expenses$126,932,442$113,450,155▼ $13,482,287
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Total Liabilities$3,541,481,691$3,519,011,475▼ $22,470,216
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,878,101,725$5,047,120,795▲ $169,019,070
Total Liabilities and Net Assets / Fund Balance$8,419,583,416$8,566,132,270▲ $146,548,854

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$82,674,503$18,103,762$0
Other Land Buildings$0$0$0
Land$8,173,406-$0
Equipment$303,263$10,432,479$0
Leasehold Improvements$0$0$0
Other Securities$29,877,978--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brenda WardPresident & CEOFT$738,821$977,922$1,716,743
Leonard JohnsonSVP InvestmentsFT$520,756$425,863$946,619
Paul SchlaudSVP Enterprise Affairs & General CounselFT$467,536$460,244$927,780
Willard PotterSVP & CFOFT$495,674$393,924$889,598
Michael HernandezChief Data OfficerFT$407,521$325,815$733,336
Jeffrey LentzSVP UnderwritingFT$350,440$373,131$723,571
Kim HaugaardSVP Policyholder ServicesFT$362,819$352,915$715,734
Lawrence MartinSVP Human ResourcesFT$354,212$324,907$679,119
Jeannette SpragueSVP & Chief Information OfficerFT$319,504$359,337$678,841
Jo Betsy NortonSVP Public AffairsFT$348,111$293,452$641,563
Elise TeeterSVP & General AuditorFT$299,005$290,347$589,352
Nathan ScottVP InvestmentsFT$312,806$258,468$571,274
Phoebe MurphyChief Actuary & VP of Enterprise AnalyticsFT$288,899$266,664$555,563
Edward CoatesVP HR Employee ServicesFT$277,743$257,073$534,816
Shannon PoundsVP & Associate General CounselFT$295,636$238,151$533,787
Erica SanchezVP & ControllerFT$275,664$251,813$527,477
Peppia SherrouseVP Claim OperationsFT$290,212$237,006$527,218
Beverly HarrisVP Corporate Strategy & ProductFT$283,885$242,869$526,754
Anthony SeraphimVP Digital TransformationFT$299,901$219,092$518,993
Amy Green-HinojosaVP Project Management OfficeFT$256,289$257,588$513,877
Lisa EvansVP Distribution & Customer EngagementFT$301,255$212,060$513,315
Richard DabneyVP Corporate UnderwritingFT$284,195$228,933$513,128
David JohnVP IT InfrastructureFT$283,246$227,835$511,081
Roger HumeckyVP Data Analytics & Business IntelligenceFT$282,801$224,766$507,567
Jeremiah BentleyVP Marketing & Community AffairsFT$249,253$247,496$496,749
Greta GonzalesVP & Chief Risk OfficerFT$274,250$221,623$495,873
David MortonVP Underwriting OperationsFT$285,342$208,803$494,145
Toni ToliverVP Business LawFT$271,249$218,044$489,293
Eric BourquinVP Safety ServicesFT$247,430$236,211$483,641
James ZiolkowskiVP Regional OperationsFT$265,379$215,898$481,277
Billy JacksonVP Regional OperationsFT$266,661$204,972$471,633
Jackie KenyonVP Special LitigationFT$242,024$223,953$465,977
John SappVP Information SecurityFT$277,196$170,435$447,631
Matthew SmithVP EngineeringFT$255,264$174,975$430,239
Nicholas TsourmasMedical DirectorPT$276,243$137,153$413,396
Rhonda BarkerVP Premium AuditFT$236,336$174,122$410,458
Ronald Ellis SimmonsDirector-$198,000$30,000$228,000
Gregory CarterChief Transformation OfficerFT$200,000$200,000$200,000
Alexia Selene ElliottDirector-$105,000$30,000$135,000
Steven Dudley OldhamDirector-$105,000$30,000$135,000
Tommy Dan PhillipsDirector-$135,000-$135,000
William Francis QuinnDirector-$130,000-$130,000
Brett Baker FlaggDirector-$120,000-$120,000
Kristina Rose KoncabaDirector-$120,000-$120,000
Gary GibsonDirector-$115,000-$115,000
Kevin Mart RobnettDirector-$105,000-$105,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Occupational Health Centers OfMedical and HealthcarePO BOX 75388, Oklahoma City, OK 73147$16,512,441
Techhealth INCMedical and HealthcarePO BOX 206774, Dallas, TX 75320$13,463,253
Memorial Hermann Hospital HealMedical and HealthcarePO BOX 301208, Dallas, TX 75303$10,521,195
Align Networks INCMedical and HealthcarePO BOX 105159, Atlanta, GA 30348$9,130,497
Tmc Provider Group PllcMedical and Healthcare13722 EMBASSY ROW, San Antonio, TX 78216$3,537,358
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,083,347,155
Investment Income
$447,128,373
Other Revenue
$1,712,285
Change in Net Assets
$216,095,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,491,034,606
Revenue Not Reported on Financial Statements
$41,153,207
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,491,034,606
Total Revenue per Form 990
$1,532,187,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,127,176,844
Salaries, Compensation, and Employee Benefits$171,809,594
Grants and Similar Amounts Paid$17,105,929
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$111,197,216
All Other Expenses---$30,363,403
Information Technology---$29,403,435
Fees for Service Investment Mgmnt Fees---$29,389,738
Fees for Services Other---$27,381,984
Current Officers, Directors, Trustees, and Key Employees---$23,010,418
Occupancy---$18,596,371
Other Employee Benefits---$17,428,118
Grants to Domestic Orgs---$16,597,833
Pension Plan Contributions---$11,040,438
Advertising---$9,929,325
Payroll Taxes---$9,133,404
Office Expenses---$5,068,683
Depreciation Depletion---$3,583,451
Travel---$2,560,875
Other Expenses---$1,507,538
Insurance---$1,379,653
Conferences and Meetings---$1,045,846
Fees for Services Lobbying---$680,202
Fees for Services Accounting---$562,646
Grants to Domestic Individuals---$508,096
Interest---$445,787
Fees for Services Legal---$295,665
Total Functional Expenses$0$0$0$1,316,092,367

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,316,092,367
Expenses per Audited Statements$1,274,939,160
Total Expenses per Audited Statements$1,274,939,160
Expenses Not Reported on Financial Statements$41,153,207
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas 2036Austin, TX501(c)3Generational Learning$600,000
Communities Foundation of TexasDallas, TX501(c)3Workforce Development & Safety Training$500,000
United Way of Greater HoustonHouston, TX501(c)3Generational Learning$450,000
Texsar IncWimberley, TX501(c)3Disaster Relief Funds$375,000
State Firemens and Fire Marshals Association of TexasManchaca, TX501(c)3Workforce Development & Safety Training$300,000
United Way for Greater AustinAustin, TX501(c)3Generational Learning$250,000
Worksource Greater Austin Area Workforce BoardAustin, TX501(c)3Workforce Development & Safety Training$220,000
Dallas Foundation a TX Nonprofit CorporationDallas, TX501(c)3Workforce Development & Safety Training$200,000
Ronald Mcdonald House Charities of Central Texas IncAustin, TX501(c)3Generational Learning$150,000
The University of Texas Health Science Center at HoustonHouston, TX-Generational Learning$150,000
University of Texas Health Science Center at TylerTyler, TX-Generational Learning$150,000
Torch FoundationRound Rock, TX501(c)3Generational Learning$142,000
Asset Funders NetworkChicago, IL501(c)3Generational Learning$125,000
Avance IncSan Antonio, TX501(c)3Generational Learning$125,000
Aspen InstituteWashington, DC501(c)3Workforce Development & Safety Training$101,333
Alamo Workforce DevelopmentSan Antonio, TX501(c)3Generational Learning$100,000
Amarillo Junior College DistrictAmarillo, TX-College Safety Grant$100,000
American YouthworksAustin, TX501(c)3Workforce Development & Safety Training$100,000
Angelina County Junior CollegeLufkin, TX-College Safety Grant$100,000
Austin Achieve Public SchoolsAustin, TX501(c)3Generational Learning$100,000
Boys & Girls Club of Northeast TexasGreenville, TX501(c)3Workforce Development & Safety Training$100,000
Boys & Girls Clubs of Greater HoustonDallas, TX501(c)3Generational Learning$100,000
Buckner Children and Family ServicesDallas, TX501(c)3Generational Learning$100,000
Capital Investing in Development and Employment of AdultsAustin, TX501(c)3Workforce Development & Safety Training$100,000
Catholic Charities Diocese of Fort Worth IncFort Worth, TX501(c)3Workforce Development & Safety Training$100,000
Central Texas 4c IncTemple, TX501(c)3Generational Learning$100,000
Child Care AssociatesFort Worth, TX501(c)3Generational Learning$100,000
Citizens Emergency Medical Service IncClyde, TX501(c)3Generational Learning$100,000
Cmc Foundation of Central TexasAustin, TX501(c)3Generational Learning$100,000
College of the MainlandTexas City, TX-College Safety Grant$100,000
Communities in Schools of the South PlainsLubbock, TX501(c)3Generational Learning$100,000
Community Action Corporation of South TexasAlice, TX501(c)3Generational Learning$100,000
Community Health Development IncUvalde, TX501(c)3Generational Learning$100,000
Dallas Foundation a TX Nonprofit CorporationDallas, TX501(c)3Generational Learning$100,000
Del Mar College FoundationCorpus Christi, TX501(c)3College Safety Grant$100,000
Early Learning Centers of Lubbock IncLubbock, TX501(c)3Generational Learning$100,000
El Paso Community College DistEl Paso, TX501(c)3College Safety Grant$100,000
Farmshare AustinCedar Creek, TX501(c)3Generational Learning$100,000
For Oak CliffDallas, TX501(c)3Generational Learning$100,000
Foundation Communities IncAustin, TX501(c)3Generational Learning$100,000
Foundation for a Globally Competitive TexasAustin, TX501(c)3Workforce Development & Safety Training$100,000
Goodwill Industries of Lubbock IncLubbock, TX501(c)3Workforce Development & Safety Training$100,000
Houstons Capital Investing in Development and Employment of Adults IncHouston, TX501(c)3Workforce Development & Safety Training$100,000
Kilgore CollegeLongview, TX501(c)3College Safety Grant$100,000
Lamar Institute of TechnologyBeaumont, TX501(c)3College Safety Grant$100,000
Lamar Institute of TechnologyBeaumont, TX-Workforce Development & Safety Training$100,000
Latched Support IncWindcrest, TX501(c)3Workforce Development & Safety Training$100,000
Lone Star Justice AllianceAustin, TX501(c)3Workforce Development & Safety Training$100,000
Lubbock Area United WayLubbock, TX501(c)3Workforce Development & Safety Training$100,000
METHODIST CHILDREN'S HOMEWaco, TX501(c)3Generational Learning$100,000
Midland College DistrictMidland, TX-College Safety Grant$100,000
Mission of Mercy IncCorpus Christi, TX501(c)3Generational Learning$100,000
My PossibilitiesPlano, TX501(c)3Workforce Development & Safety Training$100,000
Nextop IncHouston, TX501(c)3Workforce Development & Safety Training$100,000
Odessa CollegeOdessa, TX501(c)3College Safety Grant$100,000
PASO DEL NORTE CHILDREN'S DEVELOPMENT CENTEREl Paso, TX501(c)3Generational Learning$100,000
Panhandle Community ServicesAmarillo, TX501(c)3Generational Learning$100,000
Philanthropy Advocates Early Childhood Education FundWaco, TX501(c)3Generational Learning$100,000
Restore EducationSan Antonio, TX501(c)3Workforce Development & Safety Training$100,000
Ser-jobs for Progress of the Texas Gulf Coast IncHouston, TX501(c)3Workforce Development & Safety Training$100,000
Sharing Life Community Outreach IncMesquite, TX501(c)3Generational Learning$100,000
Skillpoint AllianceAustin, TX501(c)3Workforce Development & Safety Training$100,000
South Texas CollegeMcAllen, TX501(c)3College Safety Grant$100,000
Teach for America IncDallas, TX501(c)3Workforce Development & Safety Training$100,000
Texarkana CollegeTexarkana, TX-College Safety Grant$100,000
Texas Restaurant Association Education FoundationAustin, TX501(c)3Workforce Development & Safety Training$100,000
The Family Place IncDallas, TX501(c)3Generational Learning$100,000
The Onestar FoundationAustin, TX501(c)3Disaster Relief Funds$100,000
Unbound NowWaco, TX501(c)3Generational Learning$100,000
United Way of San Antonio and Bexar CountySan Antonio, TX501(c)3Generational Learning$100,000
Valley Initiative for Development and Advancement (vida)Mercedes, TX501(c)3Generational Learning$100,000
Vincare Services of Austin Foundation Dba Saint Louise HouseAustin, TX501(c)3Generational Learning$100,000
West Houston Assistance MinistriesHouston, TX501(c)3Generational Learning$100,000
Wiley UniversityMarshall, TX501(c)3Workforce Development & Safety Training$100,000
Tyler Junior CollegeTyler, TX-Workforce Development & Safety Training$98,000
Citizens for Educational ExcellenceCorpus Christi, TX501(c)3Workforce Development & Safety Training$95,000
Greater Waco Collective Impact InitiativeWaco, TX501(c)3Workforce Development & Safety Training$95,000
Lutheran Social Services of the South Inc Dba UpbringAustin, TX501(c)3Generational Learning$90,000
Clayton Child Care IncFort Worth, TX501(c)3Generational Learning$88,000
Jail to JobsCedar Park, TX501(c)3Workforce Development & Safety Training$88,000
Lubbock Chamber of Commerce FoundationLubbock, TX501(c)3Workforce Development & Safety Training$88,000
My Connect CommunityHouston, TX501(c)3Workforce Development & Safety Training$88,000
PelotonuAustin, TX501(c)3Workforce Development & Safety Training$88,000
Cancer Care ServicesFort Worth, TX501(c)3Generational Learning$87,500
Home Builders InstituteWashington, DC501(c)3Workforce Development & Safety Training$85,000
Workforce Solutions Southeast Texas IncBeaumont, TX501(c)3Workforce Development & Safety Training$85,000
Cafe MomentumDallas, TX501(c)3Workforce Development & Safety Training$75,000
Central Texas Food BankAustin, TX501(c)3Workforce Development & Safety Training$75,000
Goodwill Industries of Central Texas IncAustin, TX501(c)3Workforce Development & Safety Training$75,000
HOUSTON AREA WOMEN'S CENTER INCHouston, TX501(c)3Generational Learning$75,000
Samaritan Inn IncMckinney, TX501(c)3Generational Learning$75,000
The Tstc FoundationWaco, TX501(c)3Workforce Development & Safety Training$75,000
Union Gospel Mission of Tarrant CountyFort Worth, TX501(c)3Workforce Development & Safety Training$75,000
United Way of Greater HoustonHouston, TX501(c)3Disaster Relief Funds$75,000
United Way of the CrossroadsVictoria, TX501(c)3Generational Learning$75,000
Boys and Girls Club of Brazoria CountyAngleton, TX501(c)3Generational Learning$70,000
Camp Fire First TexasFort Worth, TX501(c)3Workforce Development & Safety Training$68,000
Boys & Girls Clubs of Greater Tarrant CountyFort Worth, TX501(c)3Workforce Development & Safety Training$65,000
Texas A&m University - Kingsville FoundationKingsville, TX501(c)3Workforce Development & Safety Training$65,000
San Antonio Lighthouse for the Blind and Visually ImpairedSan Antonio, TX501(c)3Workforce Development & Safety Training$60,000
Trio Education LLCHouston, TX-Workforce Development & Safety Training$60,000
Clarity Child Guidance CenterSan Antonio, TX501(c)3Workforce Development & Safety Training$58,000
BakerripleyHouston, TX501(c)3Generational Learning$56,000
Goodwill Industries of East Texas IncTyler, TX501(c)3Generational Learning$55,000
Texas Tech Foundation IncLubbock, TX501(c)3Workforce Development & Safety Training$55,000
Waco Chamber of Commerce Community Development FoundationWaco, TX501(c)3Workforce Development & Safety Training$55,000
Bethesda Health ClinicTyler, TX501(c)3Generational Learning$50,000
Bonton EnterprisesDallas, TX501(c)3Generational Learning$50,000
BreakthroughAustin, TX501(c)3Workforce Development & Safety Training$50,000
Community Council of Greater DallasDallas, TX501(c)3Workforce Development & Safety Training$50,000
Cristo Rey Fort Worth Catholic High SchoolFort Worth, TX501(c)3Workforce Development & Safety Training$50,000
Dress for Success AustinAustin, TX501(c)3Workforce Development & Safety Training$50,000
East Harris County Empowerment CouncilHouston, TX501(c)3Workforce Development & Safety Training$50,000
El Buen Samaritano Episcopal MissionAustin, TX501(c)3Generational Learning$50,000
El Paso Community FoundationEl Paso, TX501(c)3Generational Learning$50,000
Family Service of El PasoEl Paso, TX501(c)3Generational Learning$50,000
Family Services of Southeast Texas IncBeaumont, TX501(c)3Generational Learning$50,000
Good Work AustinAustin, TX501(c)3Workforce Development & Safety Training$50,000
Goodwill Industries of San AntonioSan Antonio, TX501(c)3Workforce Development & Safety Training$50,000
Health Alliance for Austin MusiciansAustin, TX501(c)3Generational Learning$50,000
Interfaith Ministries for Greater HoustonHouston, TX501(c)3Generational Learning$50,000
New Braunfels Christian MinistriesNew Braunfels, TX501(c)3Generational Learning$50,000
Open Door PreschoolsAustin, TX501(c)3Generational Learning$50,000
San Antonio Food BankSan Antonio, TX501(c)3Generational Learning$50,000
Santa Maria HostelHouston, TX501(c)3Generational Learning$50,000
Texas Southmost College FoundationBrownsville, TX501(c)3Workforce Development & Safety Training$50,000
The Andrew S Roddick Foundation IncAustin, TX501(c)3Generational Learning$50,000
Todos Juntos Learning CenterAustin, TX501(c)3Generational Learning$50,000
Wonders & WorriesAustin, TX501(c)3Generational Learning$50,000
YOUNG MEN'S CHRISTIAN ORGANIZATIONAustin, TX501(c)3Generational Learning$50,000
Fort Bend County Child Advocates IncRosenberg, TX501(c)3Generational Learning$47,500
North Texas Public BroadcastingDallas, TX501(c)3Generational Learning$47,500
Npower IncDallas, TX501(c)3Workforce Development & Safety Training$45,000
Pro-action IncEl Paso, TX501(c)3Workforce Development & Safety Training$45,000
Respite Care of San Antonio IncSan Antonio, TX501(c)3Generational Learning$45,000
Community Family CentersHouston, TX501(c)3Workforce Development & Safety Training$44,000
Boys and Girls Clubs of HarlingenHarlingen, TX501(c)3Workforce Development & Safety Training$40,000
Brazos Valley Food BankBryan, TX501(c)3Workforce Development & Safety Training$40,000
Code 2 CollegePflugerville, TX501(c)3Workforce Development & Safety Training$40,000
Communities in Schools of Central TexasAustin, TX501(c)3Generational Learning$40,000
El Pasoans Fighting HungerEl Paso, TX501(c)3Workforce Development & Safety Training$40,000
Marbridge Foundation IncManchaca, TX501(c)3Workforce Development & Safety Training$40,000
Momentum EducationHouston, TX501(c)3Workforce Development & Safety Training$40,000
Casa De Esperanza De Los Ninos IncHouston, TX501(c)3Generational Learning$35,000
Nehemiah Center IncHouston, TX501(c)3Generational Learning$35,000
Hospice of Texarkana IncTexarkana, TX501(c)3Workforce Development & Safety Training$34,000
Mansfield Mission Center IncMansfield, TX501(c)3Generational Learning$33,000
Mission Road Developmental CenterSan Antonio, TX501(c)3Workforce Development & Safety Training$32,500
Candlelight Ranch FoundationAustin, TX501(c)3Generational Learning$30,000
Housing and Community Services IncSan Antonio, TX501(c)3Workforce Development & Safety Training$30,000
MARTHA'S HOME INCAmarillo, TX501(c)3Generational Learning$30,000
Mid Coast Construction Academy TrustVictoria, TX501(c)3Workforce Development & Safety Training$30,000
Amarillo Area FoundationAmarillo, TX501(c)3Disaster Relief Funds$25,000
Arthur Nagel Community Clinic IncBandera, TX501(c)3Generational Learning$25,000
BakerripleyHouston, TX501(c)3Disaster Relief Funds$25,000
Child Care IncWichita Falls, TX501(c)3Generational Learning$25,000
Dallas Foundation a TX Nonprofit CorporationDallas, TX501(c)3Disaster Relief Funds$25,000
Foundation for Autism Care Education and ServicesCypress, TX501(c)3Generational Learning$25,000
Friendswood Isd Education FoundationFriendswood, TX501(c)3Workforce Development & Safety Training$25,000
Houston Galveston Area Food Bank IncHouston, TX501(c)3Disaster Relief Funds$25,000
Lifesavers FoundationRichardson, TX501(c)3Workforce Development & Safety Training$25,000
MIDLAND CHILDREN'S REHABILITATION CENTERMidland, TX501(c)3Generational Learning$25,000
Nonpareil InstitutePlano, TX501(c)3Workforce Development & Safety Training$25,000
Permian Basin Rehabilitation Center for Crippled Children and AdultsOdessa, TX501(c)3Generational Learning$25,000
Scholarshot IncDallas, TX501(c)3Workforce Development & Safety Training$25,000
Seedling FoundationAustin, TX501(c)3Generational Learning$25,000
The Georgetown ProjectGeorgetown, TX501(c)3Workforce Development & Safety Training$25,000
Hannon Cup AssociationWestlake Hills, TX501(c)3Generational Learning$10,000
American Heart Association IncDallas, TX---
Literacy Coalition of the Permian BasinMidland, TX---
Texas Can Cars for KidsDallas, TX---
United Way for Greater AustinAustin, TX---

International Summary

Offices
0
Employees
0
Spending
$225,060,388

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Investments---$172,630,189
Central America and the CaribbeanInvestments---$52,430,199
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserves for losses and loss adjustment expense$2,855,395,537
Advanced premiums$7,694,176
Amounts withheld/retained by company$3,332,188
Payable for securities$2,868,524
Retroactive reinsurance reserve$192,000
Advanced rental income$41,476
Provisions for reinsurance$3,000
Policyholder balances$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

There were changes made to the bylaws that included the movement of some conflict of interest details to a separate, more detailed Code of Conduct. The bylaws also now authorize the Nominating and Governance Committee to review potential interested party transactions. Additional changes to governance documents include authority given to the Audit Committee Charter to approve the engagement of an independent external auditor to perform the audits of TXM's retirement plans.

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

The company was established by Texas statute. The company has a nine-member Board of Directors consisting of Texas business employers. Five members, including the chair, are appointed by the Governor of Texas and confirmed by the Senate. The remaining four board members are elected by the policyholders.

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

Legislation prohibits the appointment or election of any person who has a potential conflict of interest because of other involvement in the insurance industry.

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

The 990 Tax Return is completed by an accountant in the Financial Reporting department using work papers and verification to the Company's Annual Statement and Audited Statutory Annual Report. The return is reviewed by management prior to filing the return.

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

The company's Conflict of Interest Policy is reviewed annually. The policy is distributed to all employees annually and all employees are required to acknowledge receipt.

Form 990, Part VI, Section B, Line 15

An annual compensation review is performed by the company's Human Resources Department for all benchmark positions, including executive positions. The Board of Directors reviews and approves the compensation package for the President, General Counsel, and General Auditor. The President or their designee approves the pay for all other employees.

Form 990, Part VI, Section C, Line 19

All external requests for the organizational information can be obtained through written requests. Additionally, certain financial information is available on the Company's website.

Filing and Contact Details

Filer

Filer Name
Texas Mutual Insurance Company
EIN
74-2615873
Phone
8008595995
Address
2200 Aldrich Street, Austin, TX 78723

Signing Officer

Name
Erica Sanchez
Title
VP Financial Services & Controller
Phone
5122247972
Signed
2025-11-12

Organization Details

Principal Officer
Bill Potter
Formed
1991
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
1,102
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in Nonadmitted Assets $(9,713,115); Change in Provision for Reinsurance $(3,000).

Raw XML AppendixShowing 400 of 3,306 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.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
IRS990/Form990PartVIISectionAGrp/PersonNm0Brenda Ward
IRS990/Form990PartVIISectionAGrp/PersonNm1Leonard Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm2Paul Schlaud
IRS990/Form990PartVIISectionAGrp/PersonNm3Willard Potter
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Hernandez
IRS990/Form990PartVIISectionAGrp/PersonNm5Jeffrey Lentz
IRS990/Form990PartVIISectionAGrp/PersonNm6Kim Haugaard
IRS990/Form990PartVIISectionAGrp/PersonNm7Lawrence Martin
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeannette Sprague
IRS990/Form990PartVIISectionAGrp/PersonNm9Jo Betsy Norton
IRS990/Form990PartVIISectionAGrp/PersonNm10Elise Teeter
IRS990/Form990PartVIISectionAGrp/PersonNm11Nathan Scott
IRS990/Form990PartVIISectionAGrp/PersonNm12Phoebe Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm13Edward Coates
IRS990/Form990PartVIISectionAGrp/PersonNm14Shannon Pounds
IRS990/Form990PartVIISectionAGrp/PersonNm15Erica Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm16Peppia Sherrouse
IRS990/Form990PartVIISectionAGrp/PersonNm17Beverly Harris
IRS990/Form990PartVIISectionAGrp/PersonNm18Anthony Seraphim
IRS990/Form990PartVIISectionAGrp/PersonNm19Amy Green-Hinojosa
IRS990/Form990PartVIISectionAGrp/PersonNm20Lisa Evans
IRS990/Form990PartVIISectionAGrp/PersonNm21Richard Dabney
IRS990/Form990PartVIISectionAGrp/PersonNm22David John
IRS990/Form990PartVIISectionAGrp/PersonNm23Roger Humecky
IRS990/Form990PartVIISectionAGrp/PersonNm24Jeremiah Bentley
IRS990/Form990PartVIISectionAGrp/PersonNm25Greta Gonzales
IRS990/Form990PartVIISectionAGrp/PersonNm26David Morton
IRS990/Form990PartVIISectionAGrp/PersonNm27Toni Toliver
IRS990/Form990PartVIISectionAGrp/PersonNm28Eric Bourquin
IRS990/Form990PartVIISectionAGrp/PersonNm29James Ziolkowski
IRS990/Form990PartVIISectionAGrp/PersonNm30Billy Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm31Jackie Kenyon
IRS990/Form990PartVIISectionAGrp/PersonNm32John Sapp
IRS990/Form990PartVIISectionAGrp/PersonNm33Matthew Smith
IRS990/Form990PartVIISectionAGrp/PersonNm34Nicholas Tsourmas
IRS990/Form990PartVIISectionAGrp/PersonNm35Rhonda Barker
IRS990/Form990PartVIISectionAGrp/PersonNm36Ronald Ellis Simmons
IRS990/Form990PartVIISectionAGrp/PersonNm37Gregory Carter
IRS990/Form990PartVIISectionAGrp/PersonNm38Tommy Dan Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm39Alexia Selene Elliott
IRS990/Form990PartVIISectionAGrp/PersonNm40Steven Dudley Oldham
IRS990/Form990PartVIISectionAGrp/PersonNm41William Francis Quinn
IRS990/Form990PartVIISectionAGrp/PersonNm42Kristina Rose Koncaba
IRS990/Form990PartVIISectionAGrp/PersonNm43Brett Baker Flagg
IRS990/Form990PartVIISectionAGrp/PersonNm44Gary Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm45Kevin Mart Robnett
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt26400974
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt32384599
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt33360123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34351155
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt36198000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41130000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120

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