Florida Workers' Compensation Insurance Guaranty Association Inc

Nonprofit profile at a glance

EIN
593469214
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Tallahassee, FL, USA
Phone
8503869200
Rating confidence
Limited

Official website

Reported finances

Revenue
$13,142,741
Expenses
$12,029,642
Assets
$142,817,191
Liabilities
$25,250

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ROBERT RICKER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CHARLIE GREENE (CLAIMS MANAGER): $138,941 total reported compensation
  • ROBERT RICKER (EXECUTIVE DIRECTOR): $77,090 total reported compensation
  • STEVEN BROWN (CHIEF OPERATING OFFICER): $56,693 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a mechanism for the payment of covered workers' compensation claims of insolvent insurers and to assist in the detection and prevention of insurer insolvencies.

What it reported doing in 2025

All members of fwciga are insurers that provide workers compensation coverages in Florida. Assessments are levied on solvent members based on a percentage of direct written premiums for workers compensation coverages that estimate the amount of insolvent members' claims. The assessments are used to pay claims against insolvent members. In 2025, paid 24 claims. There are approximately 420 members.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.5%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 11.87; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -5.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 0.5% per year; rating input score 100; 8th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $139K · 11 people listed
  • Highest-paid contractors: 1 contractor listed · $243K reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.