THE PURPOSE OF THE NORTH CAROLINA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT, AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE LOSS OF SUCH PROTECTION AMONG INSURERS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $206k
- Bonus
- $25k
- Other
- —
- Benefits
- $24k
- Base
- $120k
- Bonus
- $16k
- Other
- —
- Benefits
- $24k
- Base
- $124k
- Bonus
- $15k
- Other
- —
- Benefits
- $12k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Operating Officer 75th to 90th percentile | $206k | $25k | — | $24k | $321k $341k |
Claims Manager Highest Compensated Employee Median to 75th percentile | $120k | $16k | — | $24k | $201k $213k |
Technical & Administrative Manager Highest Compensated Employee Median to 75th percentile | $124k | $15k | — | $12k | $182k $193k |
Litigation Manager Highest Compensated Employee 25th percentile to median | — | — | — | — | $137k $145k |
Multi-line Claims Coordinator Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $128k $136k |
Chief Financial Officer Median to 75th percentile | — | — | — | — | $102k $108k |
General Manager Below 10th percentile | — | — | — | — | $36k $39k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Up 5%
from 2023
From $307k in 2023 to $321k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Operating Officer pay rose 5% from 2023 to 2024, while revenue fell 49%.
- Highest Compensated Employee pay rose 8% from 2023 to 2024.
- Chief Financial Officer 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.
Revenue and expenses over time
NORTH CAROLINA INSURANCE GUARANTY ASSOCI reported revenue and expenses across 2 filing years.
Common questions about NORTH CAROLINA INSURANCE GUARANTY ASSOCI
What does the Chief Operating Officer of NORTH CAROLINA INSURANCE GUARANTY ASSOCI earn?
In 2024, the Chief Operating Officer of NORTH CAROLINA INSURANCE GUARANTY ASSOCI received $321,134 in total compensation. This pay is in the top quarter for Chief Operating 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 Operating Officer pay at NORTH CAROLINA INSURANCE GUARANTY ASSOCI compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Operating Officer at NORTH CAROLINA INSURANCE GUARANTY ASSOCI falls between the 75th and 90th percentiles.
What are NORTH CAROLINA INSURANCE GUARANTY ASSOCI's revenue and expenses?
In 2024, NORTH CAROLINA INSURANCE GUARANTY ASSOCI reported $16M in total revenue and $24.3M in total expenses on its IRS Form 990.
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