GUARANTY FUND MANAGEMENT SERVICES INC
EIN 04-2712442
What they do
Provides Management and Claims Supervisory Services to Its Member Associations to Assist Them In The Discharge of Their Respective Statutory Responsibilities to Handle Promptly and Efficiently Covered Claims Against Insolvent Property and Casualty Insurers. The Corporation Has Been Formed to Establish and Maintain A Single Efficient Management and Claims Service Organization for Its Member Guaranty Associations. The Objectives of The Corporation Include, But Are Not Limited To: (1) Providing Management and Claims Supervisory Services to Insurance Guaranty Funds or Associations Created By Statute; (2) Assisting Guaranty Associations In The Discharge of Their Statutory Responsibility to Handle Promptly and Efficiently Covered Claims Against Insolvent Insurers; (3) Furnishing Related or Compatible Services to Insurers and Insurer Organizations; and (4) Doing Any and All Things Appropriate to Accomplish The Foregoing Purposes.
Should I give to this charity?
Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.
Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.
Basic facts we verified
IRS warning checkNo IRS revocation warning appears in this data.
Money report from 2024The charity has a recent tax report to read.
They explain their jobThe charity tells us what it is trying to do.
They name their leaders19 people are listed in the latest report.
You can reach themThey list contact information, so you can ask questions.
Money made simple
Ask these three easy questions
- Who did you help? Ask for a recent story or report that shows real results.
- What will my money do? Ask exactly what your gift will pay for.
- Is this really the charity? Give only through its official website or confirmed phone number.
Worth asking: Expenses exceeded revenue by $953,013 this year. Ask whether that was planned or caused by a one-time event.
Pay context: The highest compensation shown in this filing is $629,460 for BARBARA LAW (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.
Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.
Financial picture
A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.
How each $100 of revenue was used
The large number compares each expense with revenue. The smaller number shows its share of total expenses.
Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.
Has the pattern changed?
Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.
Money in and money out
Reported spending amounts
Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.
See all reported dollar amounts
Leadership and board
Names, titles, time, and compensation below are reported by the organization on its Form 990.
People reported as paid
Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.
See everyone listed on the board or leadership roster (19)
BARBARA LAWPRESIDENT & CEO
JEFFREY SCOTTVICE PRESIDENT CLAIMS
LINDA ANGELONESENIOR VICE PRESIDENT HR AND COMPLIANCE
DIMITAR KOTZEVVICE PRESIDENT IT
ANDREA ROSSIVICE PRESIDENT OPERATIONS
RAMZI BALLOUTSENIOR APPLICATIONS ARCHITECT
SERGEY DMITRIEVLEAD APPLICATIONS DEVELOPER
HEATHER HOLLANDTREASURER AND VP ACCOUNTING AND FINANCE
KEITH LEGGETCLAIMS MANAGER
MARJORIE CORBETCLAIMS MANAGER
CRAIG COTESENIOR SYSTEMS ADMINISTRATOR
WILLIAM CAHILLDIRECTOR
THERESA LEWISDIRECTOR
LINCOLN MERRILL JRDIRECTOR
L NOEL PATTERSON JRDIRECTOR
JOSEPH TORTI IIIDIRECTOR
HARRIS E BERENSONDIRECTOR
EARL COTTAMDIRECTOR
DONALD BALDINIDIRECTOR
About this charity
- Location
- One Bowdoin Square, Boston, MA 02114
- County
- Suffolk
- In care of
- Barbara Law
- Primary officer
- Barbara Law, President and CEO
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- January 1, 2024
- Return type
- 990