Florida Self-Insurers Guaranty Association Incorporated

Organization Overview

Florida Self-Insurers Guaranty Association Incorporated is located in Tallahassee, FL. The organization was established in 1984. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Florida Self-Insurers Guaranty Association Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Self-Insurers Guaranty Association Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Florida Self-Insurers Guaranty Association Incorporated generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUNDS FOR THE SETTLEMENT OF COVERED WORKERS' COMPENSATION CLAIMS OF INDIVIDUAL INSOLVENT SELF-INSURERS OTHER THAN PUBLIC UTILITIES OR GOVERNMENTAL ENTITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ADMINISTRATIVE AND PROFESSIONAL SERVICES TO SUPPORT THE REGULATION OF 112 CURRENT SELF-INSURERS AND 132 FORMER SELF-INSURERS, AS WELL AS, ADMINISTRATION AND PAYMENT OF WORKERS' COMPENSATION CLAIMS OF 16 ACTIVE INSOLVENCIES WITH 41 CLAIMANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Gee
Executive Director
$241,553
Renn R Vickers
Asst Exec Director/operati
$130,200
Claude D Revels
Chairman
$0
Charles A Bowden
Vice-Chairman
$0
Dean Painter
Treasurer
$0
Michele Adams
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$192,656
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$192,656
Total Program Service Revenue$873,792
Investment income $764,627
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,299,047
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,130,122

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