North Dakota Insurance Guaranty Association

Nonprofit profile at a glance

EIN
510186142
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Bismarck, ND, USA
Phone
7012249555
Rating confidence
Limited

Official website

Reported finances

Revenue
$231,690
Expenses
$144,120
Assets
$6,562,139
Liabilities
$0

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

Leadership & pay

10 people listed

Highest reported compensation

  • Jeff Cahill (Managing Secretary): $44,400 total reported compensation
  • William Folendorf (Treasurer): $24,600 total reported compensation

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

Overview

Mission

The Association pays insurance claims, adjusting and return premiums for insolvent insurance companies that were licensed and doing business in the state of North Dakota.

What it reported doing in 2025

The North Dakota Insurance Guaranty Association (the "Association") was created in July 1976 as a nonprofit legal entity under section 26.142.104 of the North Dakota Century Code. The Association performs its functions under a plan of operation established and approved under NDCC 26.142.104 and exercises its powers through a board of directors. The Association consists of member insurers that are authorized to transact property and casualty insurance in the State of North Dakota. All member insurers shall be and remain members of the Association as a condition of the insurers' authority to transact insurance in North Dakota. The Association was established to provide protection to policyholders and claimants of property and casualty insurance policies of insolvent insurer members. The Association pays Insurance claims, adjusting and return premiums for insolvent insurance companies that are licensed and doing business in the state of North Dakota.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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: 70
  • Sustainability: 79
  • Growth: 40

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: 75%; rating input score 75; 22nd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 37.8%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 45.53; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 47.9%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 15% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $44K · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.