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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Illinois Insurance Guaranty Fund

Illinois Insurance Guaranty Fund

Fiscal year ending 2024. Filed on July 30, 2025.

150 South Wacker Drive Suite 2970
Chicago, Illinois 60606

Illinois Insurance Guaranty Fund (EIN: 36-2737437) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Illinois Insurance Guaranty Fund, a 501(c)(6) business league, reported compensation for 6 out of 14 total employees. Among the employees shown here, the average compensation is $233,562. The highest compensated employee at Illinois Insurance Guaranty Fund is Tim Schotke with fiscal year 2024 compensation of $395,231.

Revenue, expenses, and employee compensation

Revenue

$15,191,647

Expenses

$14,185,710

Employee compensation

$2,335,134
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tim Schotke
Executive Director
$395,231
$310,916 No related comp$84,315
Latoya Hines
Controller
$263,416
$208,455 No related comp$54,961
Valerie McGregor
Claims Director
$241,619
$194,278 No related comp$47,341
Michael Dickey
IT Manager
$189,325
$140,832 No related comp$48,493
Michael Levesque
SR Claims E
$157,657
$109,645 No related comp$48,012
Lauren Wilk
SR Claims E
$154,123
$102,880 No related comp$51,243

Benchmark Employee Compensation

Non-Employee Board Members

Amber Mitchell
Secretary
Andrea Doss
Director
Christopher Wasson
Director
Doug Ellerman
Director
Jennifer Ellin
Director
John Mathews
Director
Joyce Hall Mellinger
Vice Chair
Michael Paquette
Director
Paul Blume Jr
Director
Stacie Graham
Chair

Contractors

Origami Risk LLC
Software Servic
$878,398
Troutman Pepper Locke
Legal
$343,375
Ancel Glink Diamond Bush Dician
Legal
$334,176
Medicalservicequotes
Pharmacy Progra
$316,255
Payden & Rygel
Investments
$267,296

Mission Statement

TO PROTECT AGAINST LOSS BY PROVIDING A MECHANISM TO PAY COVERED CLAIMS AND RETURN UNEARNED PREMIUMS OF POLICYHOLDERS, RESULTING FROM INSOLVENT INSURERS AND TO ASSESS THE COSTS TO COMPANIES HOLDING A CERTIFICATE OF AUTHORITY TO TRANSACT INSURANCE IN THE STATE OF ILLINOIS.

Revisions to this organization profile

July 30, 2025:
2024 Illinois Insurance Guaranty Fund 990 filed
June 13, 2024:
2023 Illinois Insurance Guaranty Fund 990 filed
May 24, 2023:
2022 Illinois Insurance Guaranty Fund 990 filed

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