Civic Intelligence

Nevada Insurance Guarantee Association

990 • Fiscal year 2014 • EIN 88-0134332

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

3821 West Charleston BoulevardRoom/Suite 100Las Vegas, NV 89102

(702) 368-0607

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

4.03x

Higher debt load relative to assets than 100% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

20.23x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Net Margin

1st percentile

-438%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$146,478

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Asset Growth

1st percentile

-47%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-76%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$8,420,203

Down $7,358,224 (-47%) from 2013

Net Assets

Down

-$25,527,039

Down $9,564,395 (-60%) from 2013

Liabilities

Up

$33,947,242

Up $2,206,171 (+7.0%) from 2013

Revenue

Down

$1,678,240

Down $5,310,562 (-76%) from 2013

Expenses

Up

$9,036,464

Up $2,421,462 (+37%) from 2013

Net Income

Down

-$7,358,224

Down $7,732,024 (-2068%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20M-$40MAssets 2011: $15,603,381Liabilities 2011: $8,655,026Net Assets 2011: $6,948,3552011Assets 2012: $15,404,627Liabilities 2012: $10,540,556Net Assets 2012: $4,864,0712012Assets 2013: $15,778,427Liabilities 2013: $31,741,071Net Assets 2013: -$15,962,6442013Assets 2014: $8,420,203Liabilities 2014: $33,947,242Net Assets 2014: -$25,527,0392014Assets 2015: $9,609,734Liabilities 2015: $25,568,174Net Assets 2015: -$15,958,4402015Assets 2016: $6,200,680Liabilities 2016: $22,722,566Net Assets 2016: -$16,521,8862016Assets 2017: $11,438,387Liabilities 2017: $36,726,237Net Assets 2017: -$25,287,8502017Assets 2018: $14,022,775Liabilities 2018: $35,416,077Net Assets 2018: -$21,393,3022018Assets 2019: $17,394,809Liabilities 2019: $34,169,196Net Assets 2019: -$16,774,3872019Assets 2020: $12,172,724Liabilities 2020: $42,321,295Net Assets 2020: -$30,148,5712020Assets 2021: $8,996,871Liabilities 2021: $38,909,701Net Assets 2021: -$29,912,8302021Assets 2022: $18,546,670Liabilities 2022: $36,089,390Net Assets 2022: -$17,542,7202022Assets 2023: $26,578,978Liabilities 2023: $20,971,446Net Assets 2023: $5,607,5322023Assets 2024: $24,918,038Liabilities 2024: $19,399,022Net Assets 2024: $5,519,0162024

Highlighted filing

2014

Assets$8,420,203
Liabilities$33,947,242
Net Assets-$25,527,039

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $1,705,788Expenses 2011: $1,705,036Net Income 2011: $7522011Revenue 2012: $2,618,272Expenses 2012: $2,716,979Net Income 2012: -$98,7072012Revenue 2013: $6,988,802Expenses 2013: $6,615,002Net Income 2013: $373,8002013Revenue 2014: $1,678,240Expenses 2014: $9,036,464Net Income 2014: -$7,358,2242014Revenue 2015: $8,708,004Expenses 2015: $7,514,559Net Income 2015: $1,193,4452015Revenue 2016: $1,066,399Expenses 2016: $4,475,454Net Income 2016: -$3,409,0552016Revenue 2017: $9,760,197Expenses 2017: $4,426,113Net Income 2017: $5,334,0842017Revenue 2018: $7,597,528Expenses 2018: $5,203,999Net Income 2018: $2,393,5292018Revenue 2019: $8,378,177Expenses 2019: $5,351,150Net Income 2019: $3,027,0272019Revenue 2020: $1,432,098Expenses 2020: $6,767,368Net Income 2020: -$5,335,2702020Revenue 2021: $5,521,875Expenses 2021: $8,701,715Net Income 2021: -$3,179,8402021Revenue 2022: $14,989,543Expenses 2022: $5,642,014Net Income 2022: $9,347,5292022Revenue 2023: $10,357,258Expenses 2023: $3,390,039Net Income 2023: $6,967,2192023Revenue 2024: $142,278Expenses 2024: $3,037,248Net Income 2024: -$2,894,9702024

Highlighted filing

2014

Revenue$1,678,240
Expenses$9,036,464
Net Income-$7,358,224
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$1,678,240
Mission and Program Overview

Mission

Pay claims of insolvent insurance companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,046,844$7,646,472▼ $7,400,372
Cash and Non-Interest-Bearing Accounts$280,735$331,042▲ $50,307
Investments in Publicly Traded Securities$336,938$303,914▼ $33,024
Other Notes and Loans Receivable, Net$24,045$54,610▲ $30,565
Land, Buildings, and Equipment, Net$9,793$22,751▲ $12,958
Prepaid Expenses and Deferred Charges$16,275$16,275→ $0
Total Assets$15,778,427$8,420,203▼ $7,358,224
Other Assets Total$63,797$45,139▼ $18,658
Liabilities
Other Liabilities$31,741,071$33,947,242▲ $2,206,171
Total Liabilities$31,741,071$33,947,242▲ $2,206,171
Net Assets / Fund Balance
Unrestricted Net Assets$-15,962,644$-25,527,039▼ $9,564,395
Total Net Assets Fund Balance$-15,962,644$-25,527,039▼ $9,564,395
Total Liabilities and Net Assets / Fund Balance$15,778,427$8,420,203▼ $7,358,224

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,751$130,268$153,019
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bruce GilbertExecutive DiFT$146,478$146,478
Joe HernandezDirector-$1,500$1,500
Mark TraftonChairman-$1,500$1,500

Board Members and Trustees

NameTitle
Ann NelsonDirector
Jamie JohnsonDirector
Michael S MattochDirector
Peter M CazzollaDirector
Randi CigelnikDirector
William E YockeDirector
Kurt R StemmlerSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,598
Other Revenue
$1,673,642
Change in Net Assets
$-7,358,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,678,240
Total Revenue per Audited Statements
$1,678,240
Total Revenue per Form 990
$1,678,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,500,302
Salaries, Compensation, and Employee Benefits$536,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$233,018-$233,018
Current Officers, Directors, Trustees, and Key Employees-$149,478-$149,478
Other Employee Benefits-$124,122-$124,122
Occupancy-$111,308-$111,308
Information Technology-$73,783-$73,783
Insurance-$64,348-$64,348
Travel-$35,698-$35,698
Payroll Taxes-$29,544-$29,544
Fees for Services Accounting-$20,577-$20,577
Fees for Services Other-$14,705-$14,705
Other Expenses$8,405,168$11,547-$11,547
Depreciation Depletion-$3,469-$3,469
Fees for Services Legal-$3,046-$3,046
All Other Expenses-$-315,380-$-315,380
Total Functional Expenses$8,405,168$631,296$0$9,036,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,036,464
Total Expenses per Audited Statements$9,036,464
Total Expenses per Form 990$9,036,464
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
Insurance Loss Reserves$33,947,242
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The process is as follows: upon receipt of the return, the executive director and bookkeeper review the documents contained herein. They then verify figures to the best available information from the general ledger for the reporting year. They also review the answers to each of the questions. Once the information meets their approval the documents are remitted with approval for final printing. The return is then printed, signed and submitted to the irs.

Form 990, Page 6, Part VI, Line 12C

During every board meeting any conflicts are discussed and recorded in the minutes of the meeting.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Nevada Insurance Guaranty Associati
EIN
88-0134332
Phone
7023680607
Address
3821 WEST CHARLESTON BOULEVARD, ROOM/SUITE 100, LAS VEGAS, NV 89102

Signing Officer

Name
Bruce Gilbert
Title
Executive Director
Phone
7023680607
Signed
2015-08-11

Organization Details

Voting Board Members
9
Independent Board Members
9
Employees
5

Preparer

Firm
Larson & Company Pc
Address
9065 SOUTH 1300 EAST, SANDY, UT 84094
Preparer
David L Crandall
Phone
8013131900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in reserves 2,206,171

Raw XML Appendix337 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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153019
IRS990ScheduleD/ExpensesSubtotalAmt09036464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033947242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INSURANCE LOSS RESERVES
IRS990ScheduleD/RevenueSubtotalAmt01678240
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022751
IRS990ScheduleD/TotalExpensesPerForm990Amt09036464
IRS990ScheduleD/TotalLiabilityAmt033947242
IRS990ScheduleD/TotalRevenuePerForm990Amt01678240
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01678240
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09036464
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROCESS IS AS FOLLOWS: UPON RECEIPT OF THE RETURN, THE EXECUTIVE DIRECTOR AND BOOKKEEPER REVIEW THE DOCUMENTS CONTAINED HEREIN. THEY THEN VERIFY FIGURES TO THE BEST AVAILABLE INFORMATION FROM THE GENERAL LEDGER FOR THE REPORTING YEAR. THEY ALSO REVIEW THE ANSWERS TO EACH OF THE QUESTIONS. ONCE THE INFORMATION MEETS THEIR APPROVAL THE DOCUMENTS ARE REMITTED WITH APPROVAL FOR FINAL PRINTING. THE RETURN IS THEN PRINTED, SIGNED AND SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING EVERY BOARD MEETING ANY CONFLICTS ARE DISCUSSED AND RECORDED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN RESERVES 2,206,171
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015778427
IRS990/TotalAssetsEOYAmt08420203
IRS990/TotalAssetsGrp/BOYAmt015778427
IRS990/TotalAssetsGrp/EOYAmt08420203
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0631296
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08405168
IRS990/TotalFunctionalExpensesGrp/TotalAmt09036464
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031741071
IRS990/TotalLiabilitiesEOYAmt033947242
IRS990/TotalLiabilitiesGrp/BOYAmt031741071
IRS990/TotalLiabilitiesGrp/EOYAmt033947242
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-15962644
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-25527039
IRS990/TotalProgramServiceExpensesAmt08405168
IRS990/TotalReportableCompFromOrgAmt0149478
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01678240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01678240
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015778427
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08420203
IRS990/TravelGrp/ManagementAndGeneralAmt035698
IRS990/TravelGrp/TotalAmt035698
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-15962644
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-25527039
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE GILBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07023680607
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA INSURANCE GUARANTY ASSOCIATI
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0880134332
ReturnHeader/Filer/PhoneNum07023680607
ReturnHeader/Filer/USAddress/AddressLine1Txt03821 WEST CHARLESTON BOULEVARD
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 100
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870516083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LARSON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09065 SOUTH 1300 EAST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANDY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084094
ReturnHeader/PreparerPersonGrp/PhoneNum08013131900
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID L CRANDALL
ReturnHeader/ReturnTs02015-08-18T16:19:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.9$19.4$5.52$0.14$3.04$2.89
2023Detailed filing. Detailed filing data is available for this year.$26.6$21.0$5.61$10.4$3.39$6.97
2022Detailed filing. Detailed filing data is available for this year.$18.5$36.1$17.5$15.0$5.64$9.35
2021Detailed filing. Detailed filing data is available for this year.$9.00$38.9$29.9$5.52$8.70$3.18
2020Detailed filing. Detailed filing data is available for this year.$12.2$42.3$30.1$1.43$6.77$5.34
2019Detailed filing. Detailed filing data is available for this year.$17.4$34.2$16.8$8.38$5.35$3.03
2018Detailed filing. Detailed filing data is available for this year.$14.0$35.4$21.4$7.60$5.20$2.39
2017Detailed filing. Detailed filing data is available for this year.$11.4$36.7$25.3$9.76$4.43$5.33
2016Detailed filing. Detailed filing data is available for this year.$6.20$22.7$16.5$1.07$4.48$3.41
2015Detailed filing. Detailed filing data is available for this year.$9.61$25.6$16.0$8.71$7.51$1.19
2014Detailed filing. Detailed filing data is available for this year.$8.42$33.9$25.5$1.68$9.04$7.36
2013Detailed filing. Detailed filing data is available for this year.$15.8$31.7$16.0$6.99$6.62$0.37
2012Summary only. Only limited summary data is available for this year.$15.4$10.5$4.86$2.62$2.72$0.10
2011Summary only. Only limited summary data is available for this year.$15.6$8.66$6.95$1.71$1.71$0.00