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Filing year 2024

NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION

Basking Ridge, New Jersey·EIN 22-2559832·501(c)(6)
Total revenue
$88.6M
Total assets
$300.8M
Total expenses
$90.7M
Reported officers
23
Mission

NJPLIGA WAS CREATED BY NJSA 17:30A-1 ET SEQ. THE STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT INSURANCE COMPANIES. NJPLIGA IS FUNDED THROUGH MEMBER COMPANY ASSESSMENTS. THE STATUTE REQUIRES ALL INSURANCE COMPANIES LICENSED IN THE STATE OF NEW JERSEY WHICH WRITE ANY KIND OF INSURANCE TO WHICH THE NEW JERSEY PROPERTY-LIABILITY INSURANCE GUARANTY ASSOCIATION ACT APPLIES, TO BE MEMBERS OF NJPLIGA.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

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

Chief Executive Officer
Above 90th percentile
$331k
$358k
Base
$296k
Bonus
Other
Benefits
$11k
Special Counsel
Former Officer/director/trustee
75th to 90th percentile
$268k
$290k
Base
$233k
Bonus
Other
Benefits
$17k
Dir. of Compliance & IT
Officer (Unspecified)
$229k
$247k
Base
$192k
Bonus
Other
Benefits
$21k
Director of Claims
Director (Operational)
Above 90th percentile
$211k
$228k
Base
$182k
Bonus
Other
Benefits
$14k
Director of Operations
Median to 75th percentile
$197k
$213k
Base
$181k
Bonus
Other
Benefits
$842
Asst Dir of Compliance & IT
Highest Compensated Employee
Median to 75th percentile
$193k
$209k
Base
$154k
Bonus
Other
Benefits
$27k
Software Develop. Manager
Highest Compensated Employee
Median to 75th percentile
$189k
$205k
Base
$159k
Bonus
Other
Benefits
$17k
Deputy Director of Claims
Highest Compensated Employee
Median to 75th percentile
$189k
$204k
Base
$157k
Bonus
Other
Benefits
$27k
Director of Human Resources
Director (Operational)
75th to 90th percentile
$173k
$187k
Base
$147k
Bonus
Other
Benefits
$14k
Asst General Counsel
Highest Compensated Employee
Median to 75th percentile
$172k
$186k
Base
$158k
Bonus
Other
Benefits
$884
Director of Siu
Highest Compensated Employee
Median to 75th percentile
$172k
$186k
Base
$159k
Bonus
Other
Benefits
$668
Director of Finance
Median to 75th percentile
$150k
$162k
Base
$138k
Bonus
Other
Benefits
$632
Special Projects Coordinator
Former Officer/director/trustee
Median to 75th percentile
$147k
$159k
Base
$119k
Bonus
Other
Benefits
$19k
General Counsel
Officer (Unspecified)
$43k
$47k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA 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.

Held steady
from 2023

From $330k in 2023 to $331k in 2024.

$330k
2023
$331k
2024
In today's dollarsEst.
Down 4% in real terms$371k to $358k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue fell 30%.

$330k in 2023 to $331k in 2024.
  • Former Officer/director/trustee pay rose 50% from 2023 to 2024.
  • Director (Operational) pay rose 2% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$126.3M
$97M
2023
$88.6M
$90.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION

What does the Chief Executive Officer of NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION earn?

In 2024, the Chief Executive Officer of NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION received $330,714 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 NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION falls in the top 10%.

What are NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION's revenue and expenses?

In 2024, NEW JERSEY PROPERTY - LIABILITY INSURANCE GUARANTY ASSOCIATION reported $88.6M in total revenue and $90.7M in total expenses on its IRS Form 990.

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