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IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE IN THE BEACH AND COASTAL AREAS OF NORTH CAROLINA FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$446.8M
Total Contributions
$0
Total Expenses
▼$244.5M
Total Assets
$1.5B
Total Liabilities
▼$397.1M
Net Assets
$1.1B
Officer Compensation
→$669.1K
Other Salaries
$5.5M
Investment Income
$35.2M
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $446.8M | $0 | $244.5M | $1.5B | $1.1B |
| 2022 | $357.8M | $0 | $184.7M | $1.2B | $918.9M |
| 2021 | $314.1M | $0 | $164.7M | $1B | $741.5M |
| 2020 | $279M | $0 | $202.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
| Total |
|---|
| Dianne Hardy | Chief Executive Officer | 18.8 | $0 | $514.9K | $47.7K | $562.6K |
| Mick Quinlan | Director Of It (from Apr '23) | 18.8 | $0 | $211.8K | $32.1K | $243.9K |
| Allen Houck | Chair | 1 | $0 | $0 | $0 | $0 |
| Bob Messier | Chair (to Mar '23) | 1 | $0 | $0 | $0 | $0 |
| Eric Hammons | Vice Chair (from Jun '23) | 1 | $0 | $0 | $0 | $0 |
Dianne Hardy
Chief Executive Officer
$562.6K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$514.9K
Other
$47.7K
Mick Quinlan
Director Of It (from Apr '23)
$243.9K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$211.8K
Other
$32.1K
Allen Houck
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Bob Messier
Chair (to Mar '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eric Hammons
Vice Chair (from Jun '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alvin Ashworth | Chief Operating Officer | 18.8 | $0 | $375K | $51.4K | $426.4K |
| Robert Eades | Chief Claims Officer | 18.8 | $0 | $273.8K | $49.1K | $322.9K |
| Tekeela Barnes | Chief Information Officer | 18.8 | $0 | $257.8K |
Alvin Ashworth
Chief Operating Officer
$426.4K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$375K
Other
$51.4K
Robert Eades
Chief Claims Officer
$322.9K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$273.8K
Other
$49.1K
Tekeela Barnes
Chief Information Officer
$304.8K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$257.8K
Other
$47K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alex Garate | Board Member (from Jun '23) | 1 | $0 | $0 | $0 | $0 |
| Becky Pollard | Board Member | 1 | $0 | $0 | $0 | $0 |
| Bill Long | Board Member | 1 | $0 | $0 | $0 | $0 |
| Charlotte Hicks | Board Member | 1 | $0 | $0 | $0 | $0 |
| Chris Frisbie | Board Member (to Jun '23) | 1 | $0 | $0 | $0 | $0 |
| Donald Hornstein | Board Member |
Alex Garate
Board Member (from Jun '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Becky Pollard
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Bill Long
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $878M |
| $590.6M |
| 2019 | $281.5M | $0 | $367.4M | $851M | $514.7M |
| 2018 | $349.6M | $0 | $1.3B | $1.1B | $601.5M |
| 2017 | $337.1M | $0 | $90.7M | $1.8B | $1.5B |
| 2016 | $311.8M | $0 | $166.1M | $1.5B | $1.3B |
| 2015 | $287.6M | $0 | $94.7M | $1.4B | $1.2B |
| 2014 | $253.4M | $0 | $115.8M | $1.2B | $977.2M |
| 2013 | $197.4M | $0 | $91.9M | $1.1B | $841.5M |
| 2012 | $131.9M | $0 | $50.5M | $971.3M | $713.1M |
| 2011 | $129.3M | $0 | $232.3M | $937.7M | $632M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data | PDF not yet published by IRS |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| $47K |
| $304.8K |
| Sonya Champion | Director Of Human Resources | 18.8 | $0 | $248.5K | $31.2K | $279.7K |
| Regina O'Connor | Director Of It (to Mar '23) | 18.8 | $0 | $206.2K | $45.9K | $252.1K |
| Vicki Fisher | Director Of Claims | 18.8 | $0 | $208.5K | $26.3K | $234.8K |
Sonya Champion
Director Of Human Resources
$279.7K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$248.5K
Other
$31.2K
Regina O'Connor
Director Of It (to Mar '23)
$252.1K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$206.2K
Other
$45.9K
Vicki Fisher
Director Of Claims
$234.8K
Hrs/Wk
18.8
Compensation
$0
Related Orgs
$208.5K
Other
$26.3K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Eric Vaith | Board Member | 1 | $0 | $0 | $0 | $0 |
| Franklin Rouse | Board Member | 1 | $0 | $0 | $0 | $0 |
| John Miletti | Board Member | 1 | $0 | $0 | $0 | $0 |
| Monica Gardner | Board Member (from Nov '23) | 1 | $0 | $0 | $0 | $0 |
| Patrick Weil | Board Member (to Mar '23) | 1 | $0 | $0 | $0 | $0 |
| Rod Evans | Board Member | 1 | $0 | $0 | $0 | $0 |
| Steve Hall | Board Member (from Jun '23) | 1 | $0 | $0 | $0 | $0 |
| Steve Smith | Board Member | 1 | $0 | $0 | $0 | $0 |
Charlotte Hicks
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Chris Frisbie
Board Member (to Jun '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Donald Hornstein
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eric Vaith
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Franklin Rouse
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Miletti
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Monica Gardner
Board Member (from Nov '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Patrick Weil
Board Member (to Mar '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rod Evans
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steve Hall
Board Member (from Jun '23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steve Smith
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0