ALABAMA INSURANCE GUARANTY ASSOCIATION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- ALABAMA INSURANCE GUARANTY ASSOCIATION (EIN 63-0810507)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201913199349311081
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-15T14:16:40-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 630590670 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KASSOUF & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2101 HIGHLAND AVE S SUITE 300 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 352054009 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 630810507 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALABAMA INSURANCE GUARANTY | BusinessNameLine1Txt |
| Business Name Line2 | ASSOCIATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ALAB | BusinessNameControlTxt |
| Phone | 2058234042 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 UNIVERSITY PARK PLACE NO 260 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35209 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREA LENTINE | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2058234042 | PhoneNum |
| Signature | 2019-10-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TOMMIE G CUMMINGS | PreparerPersonNm |
| PTIN | P00175768 | PTIN |
| Phone | 2054432500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.227.109.2 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-10-29 | IPDt |
| IP Tm | 09:07:45 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F0D630C3FB331B4F23E7AD996F4828FFB488C2CB | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C4C4F6266EC90787FC380B8850970B534F179EC3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREA LENTINE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 UNIVERSITY PARK PLACE NO 260 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,785,389 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,886,655 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,332,998 | CYProgramServiceRevenueAmt |
| PY Investment Income | $397,615 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,802,512 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,735,835 | PYOtherRevenueAmt |
| CY Other Revenue | $2,639,707 | CYOtherRevenueAmt |
| PY Total Revenue | $14,020,105 | PYTotalRevenueAmt |
| CY Total Revenue | $17,775,217 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,333,438 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,265,761 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,897,152 | PYOtherExpensesAmt |
| CY Other Expenses | $15,689,093 | CYOtherExpensesAmt |
| PY Total Expenses | $11,230,590 | PYTotalExpensesAmt |
| CY Total Expenses | $16,954,854 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,789,515 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $820,363 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $90,638,347 | TotalAssetsBOYAmt |
| Total Assets EOY | $91,768,313 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $176,090,456 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $181,501,137 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$85,452,109 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$89,732,824 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | SEE SCHEDULE O | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 396 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 17 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOMMIE G CUMMINGS CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2054432500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2101 HIGHLAND AVENUE S STE 300 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35205 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ALFA BRYAN HUBBARD | ||||||
| DIRECTOR, SEE SCHEDULE O | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHUBB PATRICIA BONORA | ||||||
| DIRECTOR, SEE SCHEDULE O | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STATE FARM JOHN C FINLEY | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ALLSTATE ANTHONY PEPSOSKI | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NATIONWIDE KIM ADAMS | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BERKLEY INDUSTRIAL WILLIAM SCHRIMPF | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BERKLEY INDUSTRIAL GREG PIERRE | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TRAVELERS LYNN SETLIFF | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TRAVELERS KURT CLOSE | ||||||
| DIRECTOR, SEE SCHEDULE O | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANDREA LENTINE | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $142,336 | $0 | $31,040 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $142,336 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $31,040 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CORPORATE PHARMACY | |||||
| 319 BROAD ST | GADSDEN | AL | 35902 | RX CLAIMS | $1,548,505 |
| UNIVERSITY OF ALABAMA AT BIRMINGHAM | |||||
| PO BOX 2252 | BIRMINGHAM | AL | 35246 | MEDICAL SERVICES | $724,189 |
| EQUIAN LLC | |||||
| PO BOX 881 | INDIANAPOLIS | IN | 46206 | RX CLAIMS & MEDICAL SERVICES | $723,015 |
| GENEX SERVICES INC | |||||
| PO BOX 88026 | CHICAGO | IL | 60680 | MEDICAL SERVICES | $604,723 |
| CARLISLE MEDICAL INC | |||||
| PO BOX 9814 | MOBILE | AL | 36691 | MEDICAL SERVICES | $517,489 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' ASSESSMENTS | Desc |
| Business | 524298 | BusinessCd |
| Total Revenue Column | $13,332,998 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,332,998 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,332,998 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,812,684 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,812,684 | RelatedOrExemptFuncIncomeAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,288 | SecuritiesAmt |
| Other | $884 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$9,288 | SecuritiesAmt |
| Other | -$884 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$10,172 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$10,172 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| EARLY ASSET DISTRIBUTIONS | 524298 | $2,373,240 | $2,373,240 |
| DISTRIBUTION OF ASSETS | 524298 | $180,534 | $180,534 |
| LARGE DEDUCTIBLE | 524298 | $67,321 | $67,321 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,612 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,612 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,639,707 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,775,217 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,775,217 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,376 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $741,370 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,420 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,846 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,749 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,341 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,798 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,247 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,829 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,007 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,836 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,756 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,015 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,596 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,513 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,240 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CLAIMS PAID | $13,357,761 |
| DIRECT LEGAL EXPENSE | $649,892 |
| CLAIMS EXPENSES | $601,949 |
| ASSOCIATION DUES | $88,422 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,891 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,954,854 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,450,008 | BOYAmt |
| EOY | $7,498,944 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,143,946 | BOYAmt |
| EOY | $84,188,627 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $245,816 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $179,070 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,393 | BOYAmt |
| EOY | $66,746 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $13,996 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,638,347 | BOYAmt |
| EOY | $91,768,313 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,090,456 | BOYAmt |
| EOY | $181,501,137 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,090,456 | BOYAmt |
| EOY | $181,501,137 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$85,452,109 | BOYAmt |
| EOY | -$89,732,824 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$85,452,109 | BOYAmt |
| EOY | -$89,732,824 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,638,347 | BOYAmt |
| EOY | $91,768,313 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $820,363 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $309,603 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$5,410,681 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $245,816 | OtherCostOrOtherBasisAmt |
| Depreciation | $179,070 | DepreciationAmt |
| Book Value | $66,746 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $66,746 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CLAIM LIABILITIES | Desc |
| Amt | $181,501,137 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $181,501,137 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $17,782,379 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $7,162 | OtherRevenueAmt |
| Revenue Not Reported | $7,162 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,775,217 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,775,217 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,955,738 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $884 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $884 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,954,854 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,954,854 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF ASSETS 884. INVESTMENT ADJUSTMENT 6,278. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF ASSETS 884. |
| PART X, LINE 2 | THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE TAXES UNDER EXISTING PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(6) AND THE STATE OF ALABAMA CODE. THE ASSOCIATION FILES ITS FEDERAL FORM 990 TAX RETURN WHICH IS SUBJECT TO EXAMINATION BY THE RELEVANT TAX AUTHORITY UNTIL THE EXPIRATION OF THE APPLICABLE STATUTE OF LIMITATIONS, GENERALLY THREE YEARS AFTER THE FILING OF THE RETURN. IT IS DIFFICULT TO ANTICIPATE THE TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION BASED ON THE ASSOCIATION'S ASSESSMENT OF PAST EXPIERENCE AND INTRICATE EVALUATION OF FUTURE EVENTS. THE ASSOCIATION DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS TAX POSITIONS OVER THE NEXT 12 MONTHS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREA LENTINE | PersonNm |
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Base Compensation Filing Org | $142,336 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $6,626 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $24,414 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $173,376 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION OR ACTIVITIES | THE ALABAMA INSURANCE GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA. THE PURPOSE OF THE 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 OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ALLOCATE THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | ALABAMA INSURANCE GUARANTY ASSOCIATION HAS MAINTAINED THE BOOKS AND RECORDS AND ADMINISTERED CLAIMS FOR 41 INSOLVENCIES IN 2018. AS REQUIRED BY THE STATE OF ALABAMA STATUTE, THE BOOKS AND RECORDS OF EACH INSOLVENCY ARE MAINTAINED IN THREE SEPARATE ACCOUNTS: AUTO, WORKERS COMPENSATION AND OTHER. DURING THE YEAR, THE ASSOCIATION: 1. ASSESSED $13,332,998 FROM ITS MEMBER COMPANIES 2. PAID AUTO PREMIUM REFUNDS OF $84,838 3. PAID AUTO CLAIMS OF $2,222,984 4. PAID WORKERS COMPENSATION CLAIMS OF $11,094,754 5. PAID OTHER CLAIMS OF $40,023 6. INCURRED DIRECT EXPENSES OF ADMINISTERING THE CLAIMS OF $601,949 7. INCURRED LEGAL FEES ASSOCIATED WITH CLAIMS MANAGEMENT OF $649,892 8. INCURRED ADMINISTRATIVE EXPENSES OF $2,261,299 TO MAINTAIN ITS OFFICES,SUPPORT THE NATIONAL TRADE ASSOCIATION WHO ADMINISTERS CERTAIN INSOLVENCIES AND COMPENSATE EMPLOYEES, MOST OF WHOM ADMINISTER CLAIMS. |
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | THE PURPOSE OF THE 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 OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ALLOCATE THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION'S MEMBERSHIP IS COMPRISED OF ALL INSURANCE COMPANIES THAT ARE LICENSED TO WRITE WORKERS' COMPENSATION, AUTOMOBILE, OTHER PROPERTY AND CASUALTY INSURANCE WITHIN THE STATE OF ALABAMA. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE GOVERNING BODY IS PROVIDED A DRAFT OF THE FORM 990 FOR REVIEW AND APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS ANNUALLY SIGNS THE CONFLICT OF INTEREST STATEMENT FOLLOWING DISCUSSION WITH THE EXECUTIVE COMMITTEE TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ASSOCIATION OBTAINS CURRENT COMPENSATION INFORMATION BY SURVEY CONDUCTED BY A CONSULTANT PERIODICALLY OR OTHER MEANS OF DATA COLLECTION FOR EACH EMPLOYEE CLASSIFICATION. THE COMPENSATION INFORMATION IS PROVIDED TO THE BOARD OF DIRECTORS FOR DELIBERATION AND FINAL APPROVAL AS TO EACH EMPLOYEE'S ANNUAL COMPENSATION AMOUNT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION WILL: (1) MAKE ITS APPLICATION FOR THE RECOGNITION OF EXEMPTION AND ITS ANNUAL INFORMATION RETURNS AVAILABLE FOR PUBLIC INSPECTION WITHOUT CHARGE AT ITS PRINCIPAL OFFICES DURING REGULAR BUSINESS HOURS, (2) MAKE EACH ANNUAL INFORMATION RETURN AVAILABLE FOR A PERIOD OF 3 YEARS BEGINNING ON THE DATE THE RETURN IS REQUIRED TO BE FILED (DETERMINED WITH REGARD TO ANY EXTENSION OF TIME FOR FILING) OR IS ACTUALLY FILED, WHICHEVER IS LATER, (3) PROVIDE A COPY WITHOUT CHARGE, OTHER THAN A REASONABLE FEE FOR REPRODUCTION AND ACTUAL POSTAGE COSTS, OF ALL OR ANY PART OF ANY APPLICATION OR RETURN REQUIRED TO BE MADE AVAILABLE FOR PUBLIC INSPECTION TO ANY INDIVIDUAL WHO MAKES A REQUEST FOR SUCH COPY IN PERSON OR IN WRITING (EXCEPT AS PROVIDED IN REGULATIONS SECTIONS 301.6104(D)-2 AND -3), OR (4) MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS PUBLIC DURING THE YEAR UPON REQUEST AS INDICATED ABOVE. |
| FORM 990, PART XI, LINE 9: | DECR (INCR) IN CLAIMS LIABILITIES -5,410,681. |
| FORM 990, PART XII, LINE 1: | ALABAMA INSURANCE GUARANTY ASSOCIATION USES THE MODIFIED CASH METHOD OF ACCOUNTING. |
| FORM 990, PART XII, LINE 2C: | THE ASSOCIATION'S BOARD OF DIRECTORS APPROVED THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND VOTES ON THE ACCEPTANCE OF THE ASSOCIATION'S AUDITED FINANCIAL STATEMENTS ANNUALLY. |
| FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC: | ALFA, BRYAN HUBBARD CHAIRMAN 1/1-12/31/18 PO BOX 11000, MONTGOMERY, AL 36191 CHUBB, PATRICIA BONORA VICE-CHAIRMAN 1/1-12/31/18 1 BEAVER VALLEY ROAD - 1275, WILMINGTON, DE 19803 STATE FARM, JOHN C.FINLEY DIRECTOR 1/1-12/31/18 100 STATE FARM PARKWAY, BIRMINGHAM, AL 35209 ALLSTATE, ANTHONY PEPSOSKI DIRECTOR 1/1-12/31/18 3200 WINDY HILL ROAD SE, SUITE 900, ATLANTA, GA 30339 NATIONWIDE, KIM ADAMS DIRECTOR 1/1-12/31/18 5390 CHESTNUT DRIVE, CUMMING, GA 30040 BERKLEY INDUSTRIAL COMP, WILLIAM SCHRIMPF DIRECTOR 1/1-6/21/18 3490 INDEPENDENCE DRIVE, BIRMINGHAM, AL 35209 BERKLEY INDUSTRIAL COMP, GREG PIERRE DIRECTOR 6/22-12/31/18 3490 INDEPENDENCE DRIVE, BIRMINGHAM, AL 35209 TRAVELERS, LYNN SETLIFF DIRECTOR 1/1-3/30/18 1000 WINDWARD CONCOURSE, ALPHARETTA, GA 30005 TRAVELERS, KURT CLOSE DIRECTOR 4/1-12/31/18 3000 RIVERCHASE GALLERIA SUITE 600, BIRMINGHAM, AL 35244 |
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