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EIN 59-1378046

Florida Insurance Guaranty Association (FIGA)

IRS 501(c) type
501(c)(6)
Num. employees
30
City
Tallahassee
State
Florida
Year formed
1970
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Florida Insurance Guaranty Association's mission is to provide security and continuity during the liquidation process by administering the payment of claims for the benefit of Florida residents.
Total revenues
$478,366,102
2023
Total expenses
$773,886,119
2023
Total assets
$617,776,231
2023
Num. employees
30
2023

Program areas at FIGA

The Association pays the covered claims of insolvent insurers and assists in the detection and prevention of insurer insolvencies. In 2023, there were 27,051 claims. There are approximately 797 members.

Personnel at FIGA

NameTitleCompensation
Steve BrownChief Operating Officer
William HughesDirector of Claims$132,683
Bob RickerExecutive Director
Dr. Lenox L. GodfreyClaims Director$155,299
Delene LoughranSenior Claims Manager$160,785
...and 2 more key personnel

Financials for FIGA

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$18,840,281
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$223,544
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$459,302,277
Total revenues$478,366,102

Form 990s for FIGA

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990View PDF
2022-122023-11-06990View PDF
2021-122022-10-10990View PDF
2020-122021-11-05990View PDF
2018-122020-01-14990View PDF
...and 9 more Form 990s
Data update history
January 27, 2025
Updated personnel
Identified 1 new personnel
January 13, 2025
Used new vendors
Identified 3 new vendors, including , , and
January 3, 2025
Updated personnel
Identified 1 new personnel
October 16, 2024
Updated personnel
Identified 2 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Mutual assistance organizationsInsurance companies
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 14249
Tallahassee, FL 32317
Metro area
Tallahassee, FL
County
Leon County, FL
Website URL
figafacts.com/ 
Phone
(800) 988-1450
IRS details
EIN
59-1378046
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
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