Civic Intelligence

Nevada Insurance Guarantee Association

990 • Fiscal year 2016 • EIN 88-0134332

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

Organization ProfileWWW.NVIGA-PC.ORG

View Organization Page

3821 West Charleston Boulevard 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

3.66x

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

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

21.31x

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

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

1st percentile

-320%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$198,463

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

2nd percentile

-35%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$6,200,680

Down $3,409,054 (-35%) from 2015

Net Assets

Down

-$16,521,886

Down $563,446 (-3.5%) from 2015

Liabilities

Down

$22,722,566

Down $2,845,608 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$1,066,399

Down $7,641,605 (-88%) from 2015

Expenses

Down

$4,475,454

Down $3,039,105 (-40%) from 2015

Net Income

Down

-$3,409,055

Down $4,602,500 (-386%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

2016

Assets$6,200,680
Liabilities$22,722,566
Net Assets-$16,521,886
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

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

2016

Revenue$1,066,399
Expenses$4,475,454
Net Income-$3,409,055
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$1,066,399
Mission and Program Overview

Mission

Pay claims of insolvent insurance companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,295,886$5,869,129▼ $3,426,757
Cash and Non-Interest-Bearing Accounts$247,654$284,637▲ $36,983
Land, Buildings, and Equipment, Net$17,248$30,638▲ $13,390
Prepaid Expenses and Deferred Charges$16,276$16,276→ $0
Total Assets$9,609,734$6,200,680▼ $3,409,054
Other Assets Total$32,670--
Liabilities
Other Liabilities$25,568,174$22,722,566▼ $2,845,608
Total Liabilities$25,568,174$22,722,566▼ $2,845,608
Net Assets / Fund Balance
Unrestricted Net Assets$-15,958,440$-16,521,886▼ $563,446
Total Net Assets Fund Balance$-15,958,440$-16,521,886▼ $563,446
Total Liabilities and Net Assets / Fund Balance$9,609,734$6,200,680▼ $3,409,054

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,638$147,571$178,209
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce GilbertExecutive DiFT$160,330$38,133$198,463
Bruce GilbertExecutive Direc-$160,330$38,133$198,463
Robert LaudermilchEmployee-$113,614$36,713$150,327
Mark TraftonChairperson-$3,000-$3,000
Joe HernandezDirector-$2,000-$2,000
Peter M CazzollaSecretary/tr-$1,500-$1,500

Board Members and Trustees

NameTitle
Kurt R StemmlerVice Chairpe
Ann NelsonDirector
Kathleen BissellDirector
Michael S MattochDirector
Noel YoungDirector
Randi CigelnikDirector
William LynchDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,647
Other Revenue
$1,062,752
Change in Net Assets
$-3,409,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,066,399
Total Revenue per Audited Statements
$1,066,399
Total Revenue per Form 990
$1,066,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,884,767
Salaries, Compensation, and Employee Benefits$590,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$286,459
Current Officers, Directors, Trustees, and Key Employees---$204,963
Occupancy---$124,040
Information Technology---$80,624
Insurance---$74,206
Other Employee Benefits---$56,314
Fees for Services Other---$31,995
Payroll Taxes---$31,384
Office Expenses---$25,963
Conferences and Meetings---$23,857
Fees for Services Accounting---$22,417
Depreciation Depletion---$11,800
Travel---$11,786
Pension Plan Contributions---$11,567
Fees for Services Legal---$8,967
All Other Expenses---$7,185
Other Expenses---$-373,337
Total Functional Expenses$0$0$0$4,475,454

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,475,454
Total Expenses per Audited Statements$4,475,454
Total Expenses per Form 990$4,475,454
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$22,722,566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
EIN
88-0134332
Phone
7023680607
Address
3821 WEST CHARLESTON BOULEVARD 100, LAS VEGAS, NV 89102

Signing Officer

Name
Bruce Gilbert
Title
Executive Direc
Phone
7023680607
Signed
2017-11-13

Organization Details

Principal Officer
Bruce Gilbert
Formed
1971
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
5

Preparer

Firm
Larson & Company Pc
Address
9065 SOUTH 1300 EAST, SANDY, UT 84094
Preparer
Richard Scoresby CPA
Phone
8013131900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in reserves 2,845,609”

Raw XML Appendix355 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/OtherCostOrOtherBasisAmt0178209
IRS990ScheduleD/ExpensesSubtotalAmt04475454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022722566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INSURANCE LOSS RESERVES
IRS990ScheduleD/RevenueSubtotalAmt01066399
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030638
IRS990ScheduleD/TotalExpensesPerForm990Amt04475454
IRS990ScheduleD/TotalLiabilityAmt022722566
IRS990ScheduleD/TotalRevenuePerForm990Amt01066399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01066399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04475454
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160330
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1113614
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt015028
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt16076
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023105
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt130637
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE GILBERT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBERT LAUDERMILCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIREC
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EMPLOYEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0198463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1150327
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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 2,845,609
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/TotalAssetsBOYAmt09609734
IRS990/TotalAssetsEOYAmt06200680
IRS990/TotalAssetsGrp/BOYAmt09609734
IRS990/TotalAssetsGrp/EOYAmt06200680
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04475454
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025568174
IRS990/TotalLiabilitiesEOYAmt022722566
IRS990/TotalLiabilitiesGrp/BOYAmt025568174
IRS990/TotalLiabilitiesGrp/EOYAmt022722566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-15958440
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-16521886
IRS990/TotalOtherCompensationAmt074846
IRS990/TotalReportableCompFromOrgAmt0280444
IRS990/TotalRevenueGrp/ExclusionAmt03647
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01062752
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01066399
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09609734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06200680
IRS990/TravelGrp/TotalAmt011786
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-15958440
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-16521886
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03821 WEST CHARLESTON BOULEVARD
IRS990/USAddress/CityNm0LAS VEGAS
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089102
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NVIGA-PC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE GILBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum07023680607
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA INSURANCE GUARANTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0880134332
ReturnHeader/Filer/PhoneNum07023680607
ReturnHeader/Filer/USAddress/AddressLine1Txt03821 WEST CHARLESTON BOULEVARD 100
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089102
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FA3AD499A82CD574225E4F8B95847FBA20476762
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D9F8ABBC4E7C92D3155C34040372F6D42BB4AEF3
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/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD SCORESBY CPA
ReturnHeader/ReturnTs02017-11-14T16:27:12-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,200,680
Liabilities
$22,722,566
Net assets
-$16,521,886
Revenue
$1,066,399
Expenses
$4,475,454
Net income
-$3,409,055
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