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IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE 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 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$232.8M
Total Contributions
$0
Total Expenses
▼$234.1M
Total Assets
$226.5M
Total Liabilities
▼$200.6M
Net Assets
$25.9M
Officer Compensation
→$1.1M
Other Salaries
$5.7M
Investment Income
$6.8M
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 2024 · 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
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $232.8M | $0 | $234.1M | $226.5M | $25.9M |
| 2023IRS e-File | $165.5M | $0 | $158.2M | $177.6M | $27.8M |
| 2022 | $130.6M | $0 | $134.2M | $138.4M | $22.1M |
| 2021 | $111.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
| Total |
|---|
| Dianne Hardy | Chief Executive Officer | 18.8 | $568.3K | $0 | $46.1K | $614.4K |
| Alvin Ashworth | Chief Operating Officer | 18.8 | $422.3K | $0 | $50.8K | $473.1K |
| Sarah Moore | Chief Financial Officer | 18.8 | $230.2K | $0 | $38.7K | $268.8K |
| Allen Houck | Chair | 1 | $0 | $0 | $0 | $0 |
| Eric Hammons | Vice Chair | 1 | $0 | $0 | $0 | $0 |
Dianne Hardy
Chief Executive Officer
$614.4K
Hrs/Wk
18.8
Compensation
$568.3K
Related Orgs
$0
Other
$46.1K
Alvin Ashworth
Chief Operating Officer
$473.1K
Hrs/Wk
18.8
Compensation
$422.3K
Related Orgs
$0
Other
$50.8K
Sarah Moore
Chief Financial Officer
$268.8K
Hrs/Wk
18.8
Compensation
$230.2K
Related Orgs
$0
Other
$38.7K
Allen Houck
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eric Hammons
Vice Chair
$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 |
|---|---|---|---|---|---|---|
| Robert Eades | Chief Claims Officer | 18.8 | $319.3K | $0 | $50.2K | $369.6K |
| Tekeela Barnes | Chief Information Officer | 18.8 | $282.8K | $0 | $47.8K | $330.7K |
| Sonya Champion | Chief Human Resources Officer | 18.8 | $278.9K | $0 |
Robert Eades
Chief Claims Officer
$369.6K
Hrs/Wk
18.8
Compensation
$319.3K
Related Orgs
$0
Other
$50.2K
Tekeela Barnes
Chief Information Officer
$330.7K
Hrs/Wk
18.8
Compensation
$282.8K
Related Orgs
$0
Other
$47.8K
Sonya Champion
Chief Human Resources Officer
$310.9K
Hrs/Wk
18.8
Compensation
$278.9K
Related Orgs
$0
Other
$32K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alex Garate | Board Member | 1 | $0 | $0 | $0 | $0 |
| Brad Lovin | Board Member | 1 | $0 | $0 | $0 | $0 |
| Chris Frisbie | Board Member (to Jan '24) | 1 | $0 | $0 | $0 | $0 |
| Eric Vaith | Board Member (to Nov '24) | 1 | $0 | $0 | $0 | $0 |
| Hope Kornegay | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jarette Sampson | Board Member |
Alex Garate
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brad Lovin
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Chris Frisbie
Board Member (to Jan '24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $109.9M |
| $120.2M |
| $21.5M |
| 2020 | $98.6M | $0 | $113.6M | $105.5M | $19.2M |
| 2019 | $89.3M | $0 | $99.1M | $105M | $24.1M |
| 2018 | $83.7M | $0 | $204.3M | $82.5M | $7.2M |
| 2017 | $75.5M | $0 | $62.8M | $83M | $19M |
| 2016 | $69.1M | $0 | $96.7M | $86.1M | $25.9M |
| 2015 | $60.1M | $0 | $51.9M | $74.6M | $23M |
| 2014 | $45.9M | $0 | $48.5M | $61M | $15.6M |
| 2013 | $36.5M | $0 | $33.7M | $54.5M | $19.3M |
| 2012 | $16.9M | $0 | $17.3M | $23.6M | -$5.2M |
| 2011 | $16.2M | $0 | $47.8M | $32.3M | -$4.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 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 | — |
| $32K |
| $310.9K |
| Mick Quinlan | Director Of It | 18.8 | $259.8K | $0 | $39.9K | $299.7K |
| Vicki Fisher | Director Of Claims | 18.8 | $247.8K | $0 | $25.9K | $273.7K |
| Vita Wooten | Director Of Underwriting | 18.8 | $211.3K | $0 | $38.3K | $249.6K |
| Nicole Pepicello | Claims Manager | 18.8 | $188.2K | $0 | $43.3K | $231.5K |
| Charles Wigley | Claims Manager | 18.8 | $191.2K | $0 | $12.1K | $203.3K |
Mick Quinlan
Director Of It
$299.7K
Hrs/Wk
18.8
Compensation
$259.8K
Related Orgs
$0
Other
$39.9K
Vicki Fisher
Director Of Claims
$273.7K
Hrs/Wk
18.8
Compensation
$247.8K
Related Orgs
$0
Other
$25.9K
Vita Wooten
Director Of Underwriting
$249.6K
Hrs/Wk
18.8
Compensation
$211.3K
Related Orgs
$0
Other
$38.3K
Nicole Pepicello
Claims Manager
$231.5K
Hrs/Wk
18.8
Compensation
$188.2K
Related Orgs
$0
Other
$43.3K
Charles Wigley
Claims Manager
$203.3K
Hrs/Wk
18.8
Compensation
$191.2K
Related Orgs
$0
Other
$12.1K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jerry Achatz | Board Member (from Nov '24) | 1 | $0 | $0 | $0 | $0 |
| John Miletti | Board Member | 1 | $0 | $0 | $0 | $0 |
| Patrick Joyce | Board Member | 1 | $0 | $0 | $0 | $0 |
| Reginald Wright | Board Member | 1 | $0 | $0 | $0 | $0 |
| Robert Yancey | Board Member | 1 | $0 | $0 | $0 | $0 |
| Sarah Maestre | Board Member (from (from Jan '24) | 1 | $0 | $0 | $0 | $0 |
| Steve Hall | Board Member | 1 | $0 | $0 | $0 | $0 |
| Tina Forsberg | Board Member | 1 | $0 | $0 | $0 | $0 |
Eric Vaith
Board Member (to Nov '24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hope Kornegay
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jarette Sampson
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jerry Achatz
Board Member (from Nov '24)
$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
Patrick Joyce
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Reginald Wright
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Robert Yancey
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sarah Maestre
Board Member (from (from Jan '24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steve Hall
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tina Forsberg
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0