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Nonprofit · EIN 23-7240300

ALASKA INSURANCE GUARANTY ASSOCIATION

Tax-exempt · ANCHORAGE, AK 99508

Financials

$1.2M−$592K2023$1.4M$8K2024$1.7M$31K2025
Revenue Expenses · by fiscal year end
Financials of ALASKA INSURANCE GUARANTY ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,666,509$30,584$1,635,925$40,781,954$13,821,474$26,960,480
December 31, 2024990$1,373,524$8,261$1,365,263$39,264,828$14,638,738$24,626,090
December 31, 2023990$1,154,639-$592,174$1,746,813$38,531,749$15,614,506$22,917,243
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$800
Investment income
$1,589,965
Other revenue
$75,744

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$46,225

Balance sheet and other

Total assets, start of year
$39,264,828
Total assets, end of year
$40,781,954
Total liabilities, end of year
$13,821,474
Net assets, end of year
$26,960,480
Publicly traded securities
$19,699,354
Gross receipts
$1,666,509
Employees
0
Volunteers
9
Year formed
1970
State of legal domicile
AK

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
DANA A FERESTIENCHAIR- ALASKA NATIONAL INS CO
Trustee or director, Officer
0.1$0
STACEY MATTESONCHAIR- UMIALIK INSURANCE THRU JULY 2025
Trustee or director, Officer
0.1$0
JON HEDEGARDVICE CHAIR- ALLSTATE PROPERTY AND CASUALTY INS CO
Trustee or director, Officer
0.1$0
STEVEN HARRISSEC/TRES- NATIONAL UNION FIRE INS CO
Trustee or director, Officer
0.1$0
DAVID BUNESSUMIALIK INSURANCE CO
Trustee or director
0.1$0
AARON SELBURGCOUNTRY MUTUAL INS CO
Trustee or director
0.1$0
BARBARA THURSTONPUBLIC APPOINTEE
Trustee or director
0.1$0
SHARIANN CALLAHANSTATE FARM MUTUAL AUTO INS CO
Trustee or director
0.1$0
SHELLIE MARTINTRAVELERS INDEMNITY CO
Trustee or director
0.1$0
RICHARD STRUTZPUBLIC APPOINTEE
Trustee or director
0.1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
STACEY MATTESONCHAIR - UMIALIK INSURANCE
Trustee or director, Officer
0.1$0
DANA A FERESTIENVICE CHAIR - ALASKA NATIONAL INS CO
Trustee or director, Officer
0.1$0
SHARIANN CALLAHANSEC/TRES - STATE FARM MUTUAL AUTO INS CO
Trustee or director, Officer
0.1$0
STEVEN HARRISNATIONAL UNION FIRE INS CO
Trustee or director
0.1$0
JON HEDEGARDALLSTATE PROPERTY AND CASUALTY INS
Trustee or director
0.1$0
SHELLIE MARTINTRAVELERS INDEMNITY CO
Trustee or director
0.1$0
RICHARD STRUTZPUBLIC APPOINTEE
Trustee or director
0.1$0
AARON SELBURGCHURCH MUTUAL INS CO
Trustee or director
0.1$0
BARBARA THURSTONPUBLIC APPOINTEE
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Dana A FerestienVice Chair - AK National Insurance
Trustee or director, Officer
0.1$0
Shariann CallahanSec/Tres - State Farm Mutual Auto Ins Co
Trustee or director, Officer
0.1$0
Stacey MattesonChair - Umialik Insurance
Trustee or director, Officer
0.1$0
Barbara ThurstonDirector - Public Appointee
Trustee or director
0.1$0
Jon HedegardDirector - Allstate Property and Casualty Ins Co
Trustee or director
0.1$0
Michael SmithDirector - Church Mutual Ins Co
Trustee or director
0.1$0
Richard StrutzDirector - Public Appointee
Trustee or director
0.1$0
Shellie MartinDirector - Travelers Indemnity Co
Trustee or director
0.1$0
Steven HarrisDirector - National Union Fire Ins Co
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
1401 RUDAKOF CIR, ANCHORAGE, AK 99508-3108
In care of
% SUSAN R DANIELS
Principal officer (990 for 2025)
DANA FERESTIEN, 188 WEST NORTHERN LIGHTS BLVD 12TH, ANCHORAGE, AK 99503
Signed the 990
DANA FERESTIEN, CHAIR
Phone
(907) 338-7484
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2025

Program accomplishments

  • CLAIMS PAID, CHANGE IN CLAIMS RESERVE AND CLAIMS ADJUSTMENTS -PAYMENT OF COVERED CLAIMS TO POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES AND TO REVERSE ASSESSMENTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7240300
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$40,781,954
Income (IRS master file)
$1,666,509

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,666,509$30,584$40,781,954XML
990December 2024$1,373,524$8,261$39,264,828XML
990December 2023$1,154,639-$592,174$38,531,749XML
990December 2022$845,744-$1,413,011$38,418,208IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7240300).

Questions about ALASKA INSURANCE GUARANTY ASSOCIATION

What is the EIN of ALASKA INSURANCE GUARANTY ASSOCIATION?
The employer identification number (EIN) of ALASKA INSURANCE GUARANTY ASSOCIATION is 23-7240300.
Is ALASKA INSURANCE GUARANTY ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
Are donations to ALASKA INSURANCE GUARANTY ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ALASKA INSURANCE GUARANTY ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALASKA INSURANCE GUARANTY ASSOCIATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALASKA INSURANCE GUARANTY ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ALASKA INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2025 names DANA FERESTIEN.
Who are the officers and directors of ALASKA INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does ALASKA INSURANCE GUARANTY ASSOCIATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,666,509, expenses of $30,584 and total assets of $40,781,954 at year end.

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