Civic Intelligence

Nevada Insurance Guarantee Association

990 • Fiscal year 2017 • EIN 88-0134332

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 04, 2018

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

3.21x

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

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

3.76x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Net Margin

96th percentile

55%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$202,529

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Asset Growth

98th percentile

84%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

815%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$11,438,387

Up $5,237,707 (+84%) from 2016

Net Assets

Down

-$25,287,850

Down $8,765,964 (-53%) from 2016

Liabilities

Up

$36,726,237

Up $14,003,671 (+62%) from 2016

Revenue

Up

$9,760,197

Up $8,693,798 (+815%) from 2016

Expenses

Down

$4,426,113

Down $49,341 (-1.1%) from 2016

Net Income

Up

$5,334,084

Up $8,743,139 (+256%) from 2016

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

2017

Assets$11,438,387
Liabilities$36,726,237
Net Assets-$25,287,850

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

2017

Revenue$9,760,197
Expenses$4,426,113
Net Income$5,334,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 4, 2018
Return Version
2017v2.3
Gross Receipts
$9,760,197
Mission and Program Overview

Mission

Pay claims of insolvent insurance companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,869,129$11,190,384▲ $5,321,255
Cash and Non-Interest-Bearing Accounts$284,637$217,177▼ $67,460
Land, Buildings, and Equipment, Net$30,638$22,293▼ $8,345
Prepaid Expenses and Deferred Charges$16,276$8,533▼ $7,743
Total Assets$6,200,680$11,438,387▲ $5,237,707
Liabilities
Other Liabilities$22,722,566$36,726,237▲ $14,003,671
Total Liabilities$22,722,566$36,726,237▲ $14,003,671
Net Assets / Fund Balance
Unrestricted Net Assets$-16,521,886$-25,287,850▼ $8,765,964
Total Net Assets Fund Balance$-16,521,886$-25,287,850▼ $8,765,964
Total Liabilities and Net Assets / Fund Balance$6,200,680$11,438,387▲ $5,237,707

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,293$155,916$178,209
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce GilbertExecutive DiFT$158,903$43,626$202,529
Bruce GilbertExecutive Director-$158,903$43,626$202,529
Robert LaudermilchEmployeeFT$112,782$29,811$142,593
Mark TraftonChairperson-$3,000-$3,000
Peter M CazzollaSecretary/tr-$3,000-$3,000
Joe HernandezDirector-$1,000-$1,000

Board Members and Trustees

NameTitle
Kurt R StemmlerVice Chairpe
Ann NelsonDirector
Barry VogtDirector
Cecil AutryDirector
Michael S MattochDirector
Michele BaladyDirector
Noel YoungDirector
Randi CigelnikDirector
William LynchDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$66,237
Other Revenue
$9,693,960
Change in Net Assets
$5,334,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,760,197
Total Revenue per Audited Statements
$9,760,197
Total Revenue per Form 990
$9,760,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,862,019
Salaries, Compensation, and Employee Benefits$564,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$254,748
Current Officers, Directors, Trustees, and Key Employees---$209,529
Occupancy---$100,387
Information Technology---$86,891
Insurance---$69,095
Other Employee Benefits---$57,929
Payroll Taxes---$32,359
Conferences and Meetings---$26,928
Office Expenses---$26,356
Fees for Services Accounting---$20,300
Fees for Services Other---$12,600
Travel---$9,976
Pension Plan Contributions---$9,529
Depreciation Depletion---$8,344
All Other Expenses---$7,035
Fees for Services Legal---$6,545
Other Expenses---$-372,564
Total Functional Expenses$0$0$0$4,426,113

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,426,113
Total Expenses per Audited Statements$4,426,113
Total Expenses per Form 990$4,426,113
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$36,726,237
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
Robert Laudermilch
Title
Employee
Phone
7023680607
Signed
2018-09-04

Organization Details

Principal Officer
Robert Laudermilch
Formed
1971
Legal Domicile
Nv
Voting Board Members
6
Independent Board Members
6
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 -14,003,672

Raw XML Appendix375 raw XML fields

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

Path#Value
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IRS990/PrincipalOfficerNm0ROBERT LAUDERMILCH
IRS990/PriorPeriodAdjustmentsAmt0-96376
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt03647
IRS990/PYOtherExpensesAmt03884767
IRS990/PYOtherRevenueAmt01062752
IRS990/PYRevenuesLessExpensesAmt0-3409055
IRS990/PYSalariesCompEmpBnftPaidAmt0590687
IRS990/PYTotalExpensesAmt04475454
IRS990/PYTotalRevenueAmt01066399
IRS990/ReconcilationRevenueExpnssAmt05334084
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05869129
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011190384
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt022293
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0155916
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0178209
IRS990ScheduleD/ExpensesSubtotalAmt04426113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036726237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INSURANCE LOSS RESERVES
IRS990ScheduleD/RevenueSubtotalAmt09760197
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022293
IRS990ScheduleD/TotalExpensesPerForm990Amt04426113
IRS990ScheduleD/TotalLiabilityAmt036726237
IRS990ScheduleD/TotalRevenuePerForm990Amt09760197
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09760197
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04426113
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158903
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt022357
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE GILBERT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0202529
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 -14,003,672
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/TotalAssetsBOYAmt06200680
IRS990/TotalAssetsEOYAmt011438387
IRS990/TotalAssetsGrp/BOYAmt06200680
IRS990/TotalAssetsGrp/EOYAmt011438387
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04426113
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022722566
IRS990/TotalLiabilitiesEOYAmt036726237
IRS990/TotalLiabilitiesGrp/BOYAmt022722566
IRS990/TotalLiabilitiesGrp/EOYAmt036726237
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-16521886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-25287850
IRS990/TotalOtherCompensationAmt073437
IRS990/TotalReportableCompFromOrgAmt0278685
IRS990/TotalRevenueGrp/ExclusionAmt066237
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09693960
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09760197
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06200680
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011438387
IRS990/TravelGrp/TotalAmt09976
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-16521886
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-25287850
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03821 WEST CHARLESTON BOULEVARD 100
IRS990/USAddress/CityNm0LAS VEGAS
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089102
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.NVIGA-PC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT LAUDERMILCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EMPLOYEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07023680607
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-04
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/AtSubmissionFilingDeviceId05AD1845C89208DCF4EB34942E7526F6F049E123B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.194.122.228
ReturnHeader/FilingSecurityInformation/IPDt02018-09-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:02:59
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/PreparationDt02018-09-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD SCORESBY CPA
ReturnHeader/ReturnTs02018-09-05T12:02:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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