Overview
What is Montana Self-Insurers Guaranty Fund?
The Montana Self-Insurers Guaranty Fund is a crucial entity in the State of Montana, primarily focused on ensuring workers' compensation coverage for bankrupt self-insurers. Established by Montana's legislative statutes, this fund mandates all self-insurers in the state to be members. With 26 active members currently, the fund plays a significant role in safeguarding the workers' compensation claims of self-insurers experiencing financial instability. The Montana Self-Insurers Guaranty Fund upholds its mission by offering a safety net during challenging times, thereby ensuring continued protection for workers in the state.
Is Montana Self-Insurers Guaranty Fund legitimate?
Montana Self-Insurers Guaranty Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Montana Self-Insurers Guaranty Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Montana Self-Insurers Guaranty Fund?
The Montana Self-Insurers Guaranty Fund's primary mission is to ensure the coverage of workers' compensation claims for financially incapacitated member self-insurers within the state. This organization is mandated by the Montana State statutes, specifically the Montana Code Annotated Title 39, Chapter 71, Part 26. Its role is crucial, as it provides a safety net for workers' compensation claims in situations where self-insurers face bankruptcy. All self-insurers operating in Montana are required to be part of this fund, with the Montana Self-Insurers Guaranty Fund currently having 26 active members.
Who is the CEO of Montana Self-Insurers Guaranty Fund?
Janet Bastian is the President/Chairperson of Montana Self-Insurers Guaranty Fund.
What is the revenue of Montana Self-Insurers Guaranty Fund?
Montana Self-Insurers Guaranty Fund's revenue in 2022 was $132,700.
Who are the executives of Montana Self-Insurers Guaranty Fund and what are their salaries?
There 5 volunteers at Montana Self-Insurers Guaranty Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Montana Self-Insurers Guaranty Fund?
Montana Self-Insurers Guaranty Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montana Self-Insurers Guaranty Fund
The Montana Self-Insurers Guaranty Fund, as mandated by the State of Montana statutes, serves a crucial role in ensuring workers compensation claims are covered for bankrupt member self-insurers within the state. Established with the purpose of providing necessary coverage, the Fund operates under the Montana Code Annotated Title 39, Chapter 71, Part 26. This organization plays a significant role in maintaining the financial stability of the self-insured workers compensation market in Montana, as all self-insurers operating within the state are required to be a part of its membership. At the moment, there are 26 active members contributing to the Montana Self-Insurers Guaranty Fund, demonstrating its widespread influence and importance to the state's self-insured employers.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Montana Self-Insurers Guaranty Fund plays a critical role in maintaining the stability and integrity of the workers' compensation system in Montana. By providing coverage for workers' compensation claims arising from bankrupt member self-insurers, the Fund ensures that injured workers receive the benefits and support they need, even when their employers are unable to fulfill their financial obligations.
With all self-insurers required to be members of the Fund, it creates a safety net that protects both employees and the overall workforce. This mechanism not only safeguards workers but also promotes responsible self-insurance practices among businesses, knowing that they are part of a collective system designed to handle unforeseen financial failures.
Currently, the Fund serves 26 active members, thereby reinforcing the importance of accountability and risk management among self-insurers in the state. Additionally, the existence of the Fund aligns with Montana state statutes, further embedding it within the legal framework of workers' compensation in the state.
In summary, the Montana Self-Insurers Guaranty Fund is pivotal in ensuring that the workers' compensation system operates smoothly—protecting the rights of injured employees while providing a structured approach for self-insurers to manage their liabilities.
This information is meant to be a general summary of Montana Self-Insurers Guaranty Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $38,422
- Program Service Revenue: $94,278
- Gross Receipts: $132,700
Assets and Liabilities:
- Total Assets: $3,199,960
- Total Liabilities: $353,667
- Net Assets: $2,846,293
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Assessments
Revenue
$94,278
Organization Details
Founding Year
1989
Phone
(406) 234-1420Principal Officer
Janet Bastian
Main Address
519 Pleasant St, Miles City, MT, 593013030
NTEE Category
Code: J40 - Employment
If you are a representative of Montana Self-Insurers Guaranty Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.