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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 Texas Mutual Insurance Company

Texas Mutual Insurance Company

Fiscal year ending 2020. Filed on November 11, 2021.

2200 Aldrich Street
Ste 224
Austin, Texas 78723

Texas Mutual Insurance Company (EIN: 74-2615873) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Texas Mutual Insurance Company, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 47 out of 1,042 total employees. Among the employees shown here, the average compensation is $384,296. The highest compensated employee at Texas Mutual Insurance Company is Richard Gergasko with fiscal year 2020 compensation of $1,690,340.

Revenue, expenses, and employee compensation

Revenue

$1,306,549,522

Expenses

$1,095,776,895

Employee compensation

$130,351,183
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Gergasko
President and Chief Executive Officer
$1,690,340
$1,543,454 No related comp$146,886
Lynette Caldwell
Senior Vice President, Human Resources
$752,913
$654,197 No related comp$98,716
Brenda Ward
Chief Operating Officer
$731,421
$629,749 No related comp$101,672
Leonard Johnson
Senior Vice President Investments
$672,007
$573,113 No related comp$98,894
Perry Barron
Senior Vice President and Chief Financial Officer
$608,817
$552,777 No related comp$56,040
Mary Nichols
Senior Vice President and General Counsel
$600,913
$555,329 No related comp$45,584
Michael Hernandez
Chief Data Officer
$538,905
$459,956 No related comp$78,949
Kim Haugaard
Senior Vice President Policyholder Services
$510,347
$421,969 No related comp$88,378
Jeffrey Lentz
Senior Vice President Underwriting
$473,350
$376,431 No related comp$96,919
Jo Betsy Norton
Senior Vice President Public Affairs
$465,442
$386,787 No related comp$78,655
David John
Vice President IT Infrastructure
$450,976
$350,191 No related comp$100,785
Phoebe Murphy
Vice President and Chief Actuary
$432,914
$339,346 No related comp$93,568

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

Amy Wick Marketing Communications
Professional
$3,985,163
Dell Financial Services Lp
Professional
$3,846,751
Coventry Healthcare Workers CO
Professional
$2,573,888
Acrisure LLC
Independent Agency
$2,438,686
Combined Agents of America
Independent Agency
$1,919,451

Mission Statement

Established by Texas statute to provide a stable, competitive source of workers' compensation insurance for Texas employers, acts as an insurer of last resort, and helps to prevent on-the-job injuries and illnesses and minimize their consequences.

Revisions to this organization profile

November 12, 2025:
2024 Texas Mutual Insurance Company 990 filed
November 14, 2024:
2023 Texas Mutual Insurance Company 990 filed
November 1, 2023:
2022 Texas Mutual Insurance Company 990 filed

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