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EIN 04-2712442

Guaranty Fund Management Services

IRS 501(c) type
501(c)(6)
Num. employees
36
City
Boston
State
Massachusetts
Year formed
1980
Most recent tax filings
2022-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
Guaranty Fund Management Services provides management and other supervisory services in connection with insolvent and/or liquidated insurers covered by insolvency statutes in seven states and the District of Columbia. The company offers management and claims supervisory services to its member associations to assist them in the discharge of their respective statutory responsibilities to handle promptly and efficiently covered claims against insolvent property and casualty insurers. The company is located in Boston, MA.
Total revenues
$6,776,547
2022
Total expenses
$4,636,330
2022
Total assets
$6,773,417
2022
Num. employees
36
2022

Program areas at Guaranty Fund Management Services

Provides management and claims supervisory services to its member associations to assist them in the discharge of their respective statutory responsibilities to handle promptly and efficiently covered claims against insolvent property and casualty insurers.

Personnel at Guaranty Fund Management Services

NameTitleCompensation
Barbara LawPresident and Chief Executive Officer$453,251
Andrea RossiVice President Operations / Vice President Administration$131,998
Dimitar KotzevVice President It / It Vice President / It Manager$187,359
Linda AngeloneSenior Vice President Human Resources and Compliance / Vice President Human Resources and Compliance / Vice President Human Resources and Accounting / Manager Human Resources and Accounting$219,219
Heather HollandTreasurer and Vice President Accounting and Finance$117,993
...and 4 more key personnel

Financials for Guaranty Fund Management Services

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$6,793,263
Investment income and dividends$-13,766
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,950
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,776,547

Form 990s for Guaranty Fund Management Services

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-15990View PDF
2019-122021-10-15990OView PDF
2018-122020-02-12990OView PDF
2017-122018-12-10990OView PDF
...and 8 more Form 990s
Data update history
January 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 25, 2023
Updated personnel
Identified 2 new personnel
June 4, 2023
Updated personnel
Identified 11 new personnel
May 22, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
Management and technical assistance
General information
Address
1 Bowdoin Sq
Boston, MA 02114
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
gfms.org/ 
Phone
(617) 227-7020
Facebook page
GuaranteedRateFoundation 
IRS details
EIN
04-2712442
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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