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Filing year 2023

MINNESOTA INSURANCE GUARANTY ASSOCIATION

Edina, Minnesota·EIN 41-6140766·501(c)(6)
Total revenue
$7.4M
Total assets
$179.7M
Total expenses
$11.8M
Reported officers
10
Mission

TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

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

Executive Director
Chief Executive Officer
75th to 90th percentile
$208k
$227k
Base
$167k
Bonus
—
Other
—
Benefits
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

FAQ

Common questions about MINNESOTA INSURANCE GUARANTY ASSOCIATION

What does the Chief Executive Officer of MINNESOTA INSURANCE GUARANTY ASSOCIATION earn?

In 2023, the Chief Executive Officer of MINNESOTA INSURANCE GUARANTY ASSOCIATION received $207,649 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MINNESOTA INSURANCE GUARANTY ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MINNESOTA INSURANCE GUARANTY ASSOCIATION falls between the 75th and 90th percentiles.

What are MINNESOTA INSURANCE GUARANTY ASSOCIATION's revenue and expenses?

In 2023, MINNESOTA INSURANCE GUARANTY ASSOCIATION reported $7.4M in total revenue and $11.8M in total expenses on its IRS Form 990.

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