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Filing year 2024

NORTH CAROLINA INSURANCE GUARANTY ASSOCI

Raleigh, North Carolina·EIN 23-7355707·6
Total revenue
$16M
Total assets
$123.3M
Total expenses
$24.3M
Reported officers
14
Mission

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 · Schedule J · 7 reported individuals · Filing year 2024

Chief Operating Officer
$321k
$341k
Base
$206k
Bonus
$25k
Other
Benefits
$24k
Claims Manager
highest compensated employee
$201k
$213k
Base
$120k
Bonus
$16k
Other
Benefits
$24k
Technical & Administrative Manager
highest compensated employee
$182k
$193k
Base
$124k
Bonus
$15k
Other
Benefits
$12k
Litigation Manager
highest compensated employee
$137k
$145k
Multi-line Claims Coordinator
highest compensated employee
$128k
$136k
Chief Financial Officer
$102k
$108k
General Manager
officer (unspecified)
$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.

$307k
2023
$321k
2024
In today's dollarsEst.
Up 2% in real terms$335k to $341k

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.

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

Revenue and expenses over time

NORTH CAROLINA INSURANCE GUARANTY ASSOCI reported revenue and expenses across 2 filing years.

RevenueExpenses
$31.5M
$16.5M
2023
$16M
$24.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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