Property & Casualty Insurance Guaranty Corporation

Nonprofit profile at a glance

EIN
521463854
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Towson, MD, USA
Phone
4102961620
Rating confidence
Limited

Official website

Reported finances

Revenue
$9,165,381
Expenses
$5,132,764
Assets
$34,115,887
Liabilities
$56,034,784

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

Leadership & pay

13 people listed

Executive titles in this filing

  • DEBORAH PRICE (PRESIDENT)
  • BRIAN PLEINES (VICE PRESIDENT)

Highest reported compensation

  • DEBORAH PRICE (PRESIDENT): $316,365 total reported compensation
  • BRIAN PLEINES (VICE PRESIDENT): $170,743 total reported compensation
  • VALERIE KRESS (ASSISTANT SECRETARY): $156,078 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 organization operates to protect Maryland residents from financial loss from insurers' insolvency and to assess licensed insurers for the costs.

What it reported doing in 2025

Insolvency protection: the property and casualty guaranty corporation has a 50-year history of handling claims and litigation arising out of insolvent property and casualty insurance companies.pcigc's membership is composed of approximately 966 licensed Maryland direct writers of property and casualty insurance. The guaranty corporation has a 50 year history of excellent performance in the protection of Maryland residents by its compliance with the principles of legality, objectiveness and due diligence in creating the necessary conditions for competency, fairness and transparency in all of its actions.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
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: 71
  • Accountability: 95
  • Sustainability: 69
  • 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; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 44%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 6.65; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 1.64; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 15.3%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -1.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $316K · 13 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.