TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $310k
- Bonus
- —
- Other
- $660
- Benefits
- $36k
- Base
- $208k
- Bonus
- —
- Other
- $443
- Benefits
- $23k
- Base
- $191k
- Bonus
- —
- Other
- $3k
- Benefits
- $18k
- Base
- $141k
- Bonus
- —
- Other
- $291
- Benefits
- $26k
- Base
- $109k
- Bonus
- —
- Other
- $958
- Benefits
- $30k
- Base
- $103k
- Bonus
- —
- Other
- $213
- Benefits
- $34k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Di Above 90th percentile | $310k | — | $660 | $36k | $395k $423k |
Controller Above 90th percentile | $208k | — | $443 | $23k | $263k $282k |
Claims Direc Highest Compensated Employee 75th to 90th percentile | $191k | — | $3k | $18k | $242k $259k |
IT Manager Median to 75th percentile | $141k | — | $291 | $26k | $189k $203k |
Sr. Claims E Highest Compensated Employee 25th percentile to median | $109k | — | $958 | $30k | $158k $169k |
Sr. Claims E Highest Compensated Employee 25th percentile to median | $103k | — | $213 | $34k | $154k $165k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 10 unpaid individuals.
Up 4%
from 2023
From $380k in 2023 to $395k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 26%.
- Controller pay rose 4% from 2023 to 2024.
- Highest Compensated Employee pay rose 4% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
ILLINOIS INSURANCE GUARANTY FUND reported revenue and expenses across 2 filing years.
Common questions about ILLINOIS INSURANCE GUARANTY FUND
What does the Chief Executive Officer of ILLINOIS INSURANCE GUARANTY FUND earn?
In 2024, the Chief Executive Officer of ILLINOIS INSURANCE GUARANTY FUND received $395,231 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 ILLINOIS INSURANCE GUARANTY FUND compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at ILLINOIS INSURANCE GUARANTY FUND falls in the top 10%.
What are ILLINOIS INSURANCE GUARANTY FUND's revenue and expenses?
In 2024, ILLINOIS INSURANCE GUARANTY FUND reported $15.2M in total revenue and $14.2M in total expenses on its IRS Form 990.
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