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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 2023. Filed on November 14, 2024.

2200 Aldrich Street
Ste 100
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 2023 IRS Form 990 filing, Texas Mutual Insurance Company, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 46 out of 1,091 total employees. Among the employees shown here, the average compensation is $475,910. The highest compensated employee at Texas Mutual Insurance Company is Brenda Ward with fiscal year 2023 compensation of $1,185,085.

Revenue, expenses, and employee compensation

Revenue

$1,386,324,608

Expenses

$1,285,388,595

Employee compensation

$161,897,783
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brenda Ward
President and Chief Executive Officer
$1,185,085
$1,044,088 No related comp$140,997
Richard Gergasko
President and Chief Executive Officer
$1,113,966
$1,037,694 $50,000 $26,272
Michael Hernandez
Chief Data Officer
$872,076
$767,523 No related comp$104,553
Leonard Johnson
Senior Vice President Investments
$847,032
$794,541 No related comp$52,491
Willard Potter
Senior Vice President and Chief Financial Officer
$795,832
$682,776 No related comp$113,056
Paul Schlaud
Senior Vice President Enterprise Affairs and General Counsel
$721,838
$621,026 No related comp$100,812
Kim Haugaard
Senior Vice President Policyholder Services
$650,354
$542,533 No related comp$107,821
Jeffrey Lentz
Senior Vice President Underwriting
$648,120
$524,506 No related comp$123,614
Jeannette Sprague
Senior Vice President and Chief Information Officer
$645,589
$577,938 No related comp$67,651
Lawrence Martin
Senior Vice President, Human Resources
$625,659
$524,182 No related comp$101,477
Jo Betsy Norton
Senior Vice President Public Affairs
$602,119
$549,905 No related comp$52,214
David John
Vice President IT Infrastructure
$535,675
$425,393 No related comp$110,282

Benchmark Employee Compensation

Non-Employee Board Members

Gary Gibson
Director
$25,500
$25,500 No related compNo other comp

Contractors

Occupational Health Centers of
Medical and Healthcare
$15,688,887
Memorial Hermann Hospital Heal
Medical and Healthcare
$14,836,552
Techhealth Inc.
Medical and Healthcare
$10,332,108
Align Networks Inc.
Medical and Healthcare
$6,707,699
Tmesys LLC
Medical and Healthcare
$3,352,328

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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