Nonprofit · EIN 51-0138344
WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION
Tax-exempt · DUBLIN, OH 43017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $879,325 | $607,953 | $271,372 | $18,974,986 | $51,046 | $18,923,940 |
| December 31, 2023 | 990 | $5,420,382 | $927,845 | $4,492,537 | $18,590,879 | $32,572 | $18,558,307 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,183
- Investment income
- $841,142
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,940
- Other salaries and wages
- $68,780
- Salaries, compensation and benefits (total)
- $214,354
- Professional fundraising fees
- $0
- Legal fees
- $14,607
- Accounting fees
- $9,462
- Occupancy
- $20,219
- Travel
- $1,117
- Depreciation
- $19,675
Balance sheet and other
- Total assets, start of year
- $18,590,879
- Total assets, end of year
- $18,974,986
- Total liabilities, end of year
- $51,046
- Net assets, end of year
- $18,923,940
- Publicly traded securities
- $15,724,209
- Net assets without donor restrictions
- $18,923,940
- Gross receipts
- $879,325
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1976
- State of legal domicile
- WV
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SONNI PETERSON | PRESIDENT Officer | 16 | $0 | $250,364 | $81,150 |
| WILLIAM MCGEE JR ESQ | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| R LINDSEY MCCUTCHAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAMIEN JOSEFIAK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIRK H LARSEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIAN F ARBUCKLE | SECRETARY/ TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FOSTER L SIRBURGH JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SONNI PETERSON | PRESIDENT Officer | 16 | $0 | $239,982 | $25,630 |
| JEFFREY S GILLENTINE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM MCGEE JR ESQ | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| R LINDSEY MCCUTCHAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAMIEN JOSEFIAK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LAURA E HAYES | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIRK H LARSEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIAN F ARBUCKLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| FOSTER L SIRBURGH JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 485 METRO PL S STE 270, DUBLIN, OH 43017-7325
- Principal officer (990 for 2024)
- SONNI PETERSON, 485 METRO PLACE SOUTH 270, DUBLIN, OH 43017
- Signed the 990
- SONNI PETERSON, PRESIDENT
- Phone
- (614) 442-6601
- Website
- WVIGA.ORG
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
THE MISSION OF THE WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE SOME LEVEL OF PROTECTION FOR CERTAIN POLICY HOLDERS AND CLAIMANTS AGAINST THE INSOLVENCY OF THE INSURANCE COMPANY LICENSED TO SELL THOSE TYPES OF POLICIES IN WEST VIRGINIA WHEN THE COMPANY IS PLACED INTO LIQUIDATION.
Program accomplishments
- WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION (WVIGA) IS A NOT-FOR-PROFIT, UNINCORPORATED LEGAL ENTITY. IT PROVIDES A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS, INCLUDING REFUNDS OF UNEARNED PREMIUMS, TO AVOID FINANCIAL LOSS TO WEST VIRGINIA CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF DIRECT INSURERS(EXCLUDING LIFE, TITLE SURETY, DISABILITY, CREDIT, MORTGAGE GUARANTY AND OCEAN MARINE). INSURANCE COMPANIES ARE MEMBERS OF THE ASSOCIATION IF THEY WRITE INSURANCE COVERED BY THE ASSOCIATION AND IF THEY ARE LICENSED TO WRITE INSURANCE IN WEST VIRGINIA. WHEN AN INSURANCE COMPANY BECOMES INSOLVENT, THE ASSOCIATION ESTIMATES THE AMOUNT OF COVERED CLAIMS OF WEST VIRGINIA CLAIMANTS AND POLICYHOLDERS, AND BASED ON CERTAIN PRESCRIBED PROCEDURES, ASSESSES THE MEMBER INSURANCE COMPANIES FOR THEIR PORTION OF SUCH COVERED LOSSES. A SEPARATE FUND IS MAINTAINED FOR EACH INSOLVENCY AND RECEIPTS AND DISBURSEMENTS ALLOCABLE TO A SPECIFIC INSOLVENCY ARE ACCOUNTED FOR IN THAT FUND.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0138344
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,974,986
- Income (IRS master file)
- $879,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $879,325 | $607,953 | $18,974,986 | XML |
| 990 | December 2023 | $5,420,382 | $927,845 | $18,590,879 | XML |
| 990 | December 2022 | $589,752 | $1,206,179 | $14,081,861 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 51-0138344).
Questions about WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION
- What is the EIN of WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION is 51-0138344.
- Is WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
- Are donations to WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WEST VIRGINIA 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 WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names SONNI PETERSON.
- Who are the officers and directors of WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $879,325, expenses of $607,953 and total assets of $18,974,986 at year end.
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