Nonprofit · EIN 74-1956695
TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
Tax-exempt · AUSTIN, TX 78759
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $45,724,450 | $35,292,700 | $10,431,750 | $564,431,930 | $267,439,443 | $296,992,487 |
| December 31, 2024 | 990 | $94,063,696 | $62,618,047 | $31,445,649 | $546,786,939 | $309,299,439 | $237,487,500 |
| December 31, 2023 | 990 | $163,821,338 | $110,921,520 | $52,899,818 | $517,988,699 | $361,871,665 | $156,117,034 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,175,983
- Investment income
- $19,548,467
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,332,940
- Other salaries and wages
- $2,950,307
- Salaries, compensation and benefits (total)
- $5,381,493
- Professional fundraising fees
- $0
- Legal fees
- $77,264
- Accounting fees
- $98,037
- Occupancy
- $524,277
- Travel
- $30,426
- Depreciation
- $52,733
- Program services (functional)
- $28,054,338
- Management and general (functional)
- $7,238,362
Balance sheet and other
- Total assets, start of year
- $546,786,939
- Total assets, end of year
- $564,431,930
- Total liabilities, end of year
- $267,439,443
- Net assets, end of year
- $296,992,487
- Land, buildings and equipment
- $233,334
- Publicly traded securities
- $461,747,622
- Net assets without donor restrictions
- $296,992,487
- Gross receipts
- $45,724,450
- Employees
- 44
- Volunteers
- 0
- Year formed
- 1971
- State of legal domicile
- TX
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Makoto Tsutsui | Executive Director Officer | 40 | $350,289 |
| John J D'Amato | Chief Financial Officer Officer | 40 | $265,332 |
| Annette Evans | Claims Director Key employee | 40 | $222,425 |
| Adnan Yasin | IT Director Key employee | 40 | $205,801 |
| Rachel Stroud | Claims Attorney Highest-paid employee | 40 | $180,868 |
| Ruth Rupert | Human Resources Manager Highest-paid employee | 40 | $86,941 |
| Thathiana Bermudez | HR Director Former | 40 | $21,285 |
| Ty Collin Simmons | Board Chair Trustee or director | 1 | $0 |
| Michael F Gerik | Vice Chair Trustee or director | 1 | $0 |
| Levi Steve Holt | Board Member Trustee or director | 1 | $0 |
| Norma Garcia | Board member Trustee or director | 1 | $0 |
| Angela Doss | Board Member Trustee or director | 1 | $0 |
| Chris Merideth | Board Member Trustee or director | 1 | $0 |
| Karen Phillips | Board Member Trustee or director | 1 | $0 |
| Stanton Strickland | Board member Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Todd Hill | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John J D'Amato | Chief Financial Officer Key employee | 40 | $255,651 |
| Gary Vieira | Director of Information Technology Key employee, Former | 40 | $214,405 |
| Annette Evans | Claims Director Key employee | 40 | $208,075 |
| Amber Walker | Claims Attorney Highest-paid employee, Former | 40 | $186,992 |
| Makoto Tsutsui | Executive Director Officer | 40 | $181,357 |
| David W Nardecchia | Executive Director Officer, Former | 40 | $152,364 |
| Thathiana Bermudez | HR Director Highest-paid employee | 40 | $137,439 |
| Adnan Yasin | IT Director Key employee | 40 | $24,063 |
| Ty Collin Simmons | Board Chair Trustee or director | 1 | $0 |
| Michael F Gerik | Vice Chair Trustee or director | 1 | $0 |
| Levi Steve Holt | Board Member Trustee or director | 1 | $0 |
| Norma Garcia | Board member Trustee or director | 1 | $0 |
| Angela Doss | Board Member Trustee or director | 1 | $0 |
| Chris Merideth | Board Member Trustee or director | 1 | $0 |
| Karen Phillips | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John J D'Amato | Chief Financial Officer Key employee | 40 | $244,200 |
| Gary Vieira | Director of Information Technology Highest-paid employee | 40 | $196,968 |
| Annette Evans | Claims Director Highest-paid employee | 40 | $196,633 |
| Amber Walker | Claims Attorney Highest-paid employee | 40 | $173,519 |
| David Nardecchia | Exec Director Key employee | 40 | $146,333 |
| Jo Betsy Norton | Chairman Trustee or director, Former | 1 | $0 |
| Michael F Gerik | Vice Chair Trustee or director | 1 | $0 |
| Tiffany S Reiner | Board Member Trustee or director, Former | 1 | $0 |
| David W Nardecchia | Board Member Trustee or director, Former | 1 | $0 |
| Mark Tsutsui | Board Meeting Trustee or director | 1 | $0 |
| Levi Steve Holt | Board Member Trustee or director | 1 | $0 |
| Stephen Flynn | Board Member Trustee or director, Former | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8911 N CAPITAL OF TEXAS HWY BLDG 2, AUSTIN, TX 78759-7247
- In care of
- % JOHN DAMATO
- Principal officer (990 for 2025)
- Makoto Tsutsui, 8911 N Capital of Texas Highway, Bldg 2 Ste 2200, Austin, TX 78759
- Signed the 990
- John DAmato, Chief Financial Officer
- Phone
- (512) 345-9335
- Website
- www.tpciga.org
Mission
We are an insurance safety net and partner in the insolvency system, fairly and promptly serving the people of Texas.
Program accomplishments
- Payment of covered claims of Texas policyholders.Expenses $28,054,338 · revenue $26,175,983
- We are an insurance safety net and partner in the insolvency system, fairly and promptly serving the people of Texas.
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 | 990 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
- 74-1956695
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $564,431,930
- Income (IRS master file)
- $45,724,450
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $45,724,450 | $35,292,700 | $564,431,930 | XML |
| 990 | December 2024 | $94,063,696 | $62,618,047 | $546,786,939 | XML |
| 990 | December 2023 | $163,821,338 | $110,921,520 | $517,988,699 | XML |
| 990 | December 2022 | $112,788,856 | $84,237,559 | $464,302,453 | 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 74-1956695).
Questions about TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
- What is the EIN of TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION is 74-1956695.
- Is TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
- Are donations to TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXAS PROPERTY AND CASUALTY 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 TEXAS PROPERTY AND CASUALTY 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 TEXAS PROPERTY AND CASUALTY 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 TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 names Makoto Tsutsui.
- Who are the officers and directors of TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 7 received compensation from the organization, the highest $350,289 (Makoto Tsutsui, Executive Director).
- How much revenue does TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $45,724,450, expenses of $35,292,700 and total assets of $564,431,930 at year end.
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