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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 2022. Filed on November 1, 2023.

2200 Aldrich Street
PO Box 818
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 2022 IRS Form 990 filing, Texas Mutual Insurance Company, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 48 out of 1,100 total employees. Among the employees shown here, the average compensation is $435,231. The highest compensated employee at Texas Mutual Insurance Company is Richard Gergasko with fiscal year 2022 compensation of $1,888,090.

Revenue, expenses, and employee compensation

Revenue

$1,300,355,257

Expenses

$1,209,915,305

Employee compensation

$144,637,852
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Gergasko
President and Chief Executive Officer
$1,888,090
$1,842,750 No related comp$45,340
Brenda Ward
Chief Operating Officer
$946,380
$815,189 No related comp$131,191
Leonard Johnson
Senior Vice President Investments
$774,264
$728,072 No related comp$46,192
Jo Betsy Norton
Senior Vice President Public Affairs
$766,196
$673,001 No related comp$93,195
Willard Potter
Senior Vice President and Chief Financial Officer
$649,860
$559,523 No related comp$90,337
Michael Hernandez
Chief Data Officer
$631,570
$542,751 No related comp$88,819
Paul Schlaud
Senior Vice President Enterprise Affairs and General Counsel
$628,864
$536,007 No related comp$92,857
Kim Haugaard
Senior Vice President Policyholder Services
$598,315
$496,938 No related comp$101,377
Jeffrey Lentz
Senior Vice President Underwriting
$590,463
$474,687 No related comp$115,776
Lawrence Martin
Senior Vice President, Human Resources
$548,010
$460,633 No related comp$87,377
Jeannette Sprague
Senior Vice President and Chief Information Officer
$492,440
$427,761 No related comp$64,679
Elise Teeter
Senior Vice President and General Auditor
$492,421
$409,303 No related comp$83,118

Benchmark Employee Compensation

Non-Employee Board Members

Kevin Mart Robnett
Director
$45,000
$45,000 No related compNo other comp

Contractors

Occupational Health Centers of
Medical and Healthcare
$14,921,948
Techhealth Inc.
Medical and Healthcare
$10,171,754
Memorial Hermann Hospital Heal
Medical and Healthcare
$8,205,733
Align Networks Inc.
Medical and Healthcare
$6,093,355
Tmesys LLC
Medical and Healthcare
$3,517,121

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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