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Filing year 2023

GUARANTY FUND MANAGEMENT SERVICES INC

Boston, Massachusetts·EIN 04-2712442·501(c)(6)
Total revenue
$7.6M
Total assets
$6.4M
Total expenses
$6.8M
Reported officers
19
Mission

Provide management and claims supervisory services to its member associations to assist them in the discharge of their respective statutory responsibilities to handle promptly and efficiently covered claims against insolvent property and casualty insurers.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$523k
$576k
Base
$435k
Bonus
$40k
Other
Benefits
$34k
Senior Vice President HR and Compliance
Senior Vice President
Median to 75th percentile
$272k
$300k
Base
$222k
Bonus
$22k
Other
Benefits
$19k
Vice President Claims
Vice President
Above 90th percentile
$269k
$296k
Base
$226k
Bonus
$21k
Other
Benefits
$12k
Vice President IT
Vice President
Above 90th percentile
$256k
$282k
Base
$196k
Bonus
$8k
Other
Benefits
$43k
Vice President Operations
Vice President
75th to 90th percentile
$189k
$208k
Base
$133k
Bonus
$14k
Other
Benefits
$36k
Treasurer and VP Accounting and Finance
Vice President
75th to 90th percentile
$165k
$182k
Base
$114k
Bonus
$9k
Other
Benefits
$37k
Senior Applications Architect
Highest Compensated Employee
25th percentile to median
$162k
$179k
Base
$149k
Bonus
$6k
Other
Benefits
$887
Claims Manager
Highest Compensated Employee
25th percentile to median
$159k
$175k
Base
$132k
Bonus
Other
Benefits
$30k
Claims Manager
Highest Compensated Employee
25th percentile to median
$158k
$174k
Base
$133k
Bonus
$5k
Other
Benefits
$15k
Lead Applications Developer
Highest Compensated Employee
25th percentile to median
$156k
$172k
Base
$149k
Bonus
Other
Benefits
$883
Senior Systems Administrator
Highest Compensated Employee
25th percentile to median
$143k
$158k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

FAQ

Common questions about GUARANTY FUND MANAGEMENT SERVICES INC

What does the Chief Executive Officer of GUARANTY FUND MANAGEMENT SERVICES INC earn?

In 2023, the Chief Executive Officer of GUARANTY FUND MANAGEMENT SERVICES INC received $523,328 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GUARANTY FUND MANAGEMENT SERVICES INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at GUARANTY FUND MANAGEMENT SERVICES INC falls in the top 10%.

What are GUARANTY FUND MANAGEMENT SERVICES INC's revenue and expenses?

In 2023, GUARANTY FUND MANAGEMENT SERVICES INC reported $7.6M in total revenue and $6.8M in total expenses on its IRS Form 990.

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GUARANTY FUND MANAGEMENT SERVICES INC | Boston, MA | Pay | Lucido