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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 2021. Filed on November 11, 2022.

2200 Aldrich Street
Bldg M100
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 2021 IRS Form 990 filing, Texas Mutual Insurance Company, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 47 out of 1,069 total employees. Among the employees shown here, the average compensation is $434,379. The highest compensated employee at Texas Mutual Insurance Company is Richard Gergasko with fiscal year 2021 compensation of $1,711,941.

Revenue, expenses, and employee compensation

Revenue

$1,373,422,301

Expenses

$1,116,554,043

Employee compensation

$135,807,703
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Gergasko
President and Chief Executive Officer
$1,711,941
$1,657,145 No related comp$54,796
Leonard Johnson
Senior Vice President Investments
$1,039,264
$933,171 No related comp$106,093
Brenda Ward
Chief Operating Officer
$882,945
$771,524 No related comp$111,421
Mary Nichols
Senior Vice President and General Counsel
$681,382
$635,502 No related comp$45,880
Perry Barron
Senior Vice President and Chief Financial Officer
$657,081
$638,380 No related comp$18,701
Michael Hernandez
Chief Data Officer
$594,737
$510,822 No related comp$83,915
Michael Stubblefield
Senior Vice President and Chief Information Officer
$587,745
$509,643 No related comp$78,102
Kim Haugaard
Senior Vice President Policyholder Services
$563,501
$470,841 No related comp$92,660
Paul Schlaud
Senior Vice President and Special Counsel
$547,813
$467,596 No related comp$80,217
Jeffrey Lentz
Senior Vice President Underwriting
$547,018
$440,882 No related comp$106,136
Jo Betsy Norton
Senior Vice President Public Affairs
$517,691
$436,902 No related comp$80,789
Willard Potter
Senior Vice President and Chief Financial Officer
$495,844
$416,252 No related comp$79,592

Benchmark Employee Compensation

Non-Employee Board Members

Eric Lee Oliver
Director
$42,250
$42,250 No related compNo other comp
Bernard Chevalier Francis
Director
$41,625
$41,625 No related compNo other comp
William Francis Quinn
Director
$40,000
$40,000 No related compNo other comp
Alexia Selene Elliott
Director
$37,000
$37,000 No related compNo other comp

Contractors

Occupational Health Centers of
Medical and Healthcare
$14,794,516
Memorial Hermann Hospital Heal
Medical and Healthcare
$9,804,217
Techhealth Inc.
Medical and Healthcare
$7,825,896
Align Networks Inc.
Medical and Healthcare
$6,341,626
Amy Wick Marketing Communications
Professional
$4,633,349

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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