Nonprofit · EIN 74-2615873
TEXAS MUTUAL INSURANCE COMPANY
Tax-exempt · AUSTIN, TX 78723
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,532,187,813 | $1,316,092,367 | $216,095,446 | $8,566,132,270 | $3,519,011,475 | $5,047,120,795 |
| December 31, 2023 | 990 | $1,386,324,608 | $1,285,388,595 | $100,936,013 | $8,419,583,416 | $3,541,481,691 | $4,878,101,725 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,083,347,155
- Investment income
- $447,128,373
- Net rental income
- $847,825
- Net gain from sales of assets
- $118,376,418
- Other revenue
- $1,712,285
Expenses
- Grants and similar amounts paid
- $17,105,929
- Compensation of officers, directors and key employees
- $23,010,418
- Other salaries and wages
- $111,197,216
- Salaries, compensation and benefits (total)
- $171,809,594
- Professional fundraising fees
- $0
- Legal fees
- $295,665
- Accounting fees
- $562,646
- Occupancy
- $18,596,371
- Travel
- $2,560,875
- Depreciation
- $3,583,451
Balance sheet and other
- Total assets, start of year
- $8,419,583,416
- Total assets, end of year
- $8,566,132,270
- Total liabilities, end of year
- $3,519,011,475
- Net assets, end of year
- $5,047,120,795
- Land, buildings and equipment
- $91,151,172
- Publicly traded securities
- $6,041,419,005
- Gross unrelated business income
- $6,736,012
- Gross receipts
- $5,531,742,949
- Employees
- 1,102
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brenda Ward | President & CEO Officer | 40 | $1,548,094 | $168,649 |
| Leonard Johnson | SVP Investments Officer | 40 | $894,839 | $51,780 |
| Paul Schlaud | SVP Enterprise Affairs & General Counsel Officer | 40 | $818,606 | $109,174 |
| Willard Potter | SVP & CFO Officer | 40 | $763,584 | $126,014 |
| Michael Hernandez | Chief Data Officer Officer | 40 | $668,030 | $65,306 |
| Jeffrey Lentz | SVP Underwriting Officer | 40 | $590,893 | $132,678 |
| Kim Haugaard | SVP Policyholder Services Officer | 40 | $601,452 | $114,282 |
| Lawrence Martin | SVP Human Resources Officer | 40 | $568,370 | $110,748 |
| Jeannette Sprague | SVP & Chief Information Officer Officer | 40 | $617,050 | $61,792 |
| Jo Betsy Norton | SVP Public Affairs Officer | 40 | $587,783 | $53,780 |
| Elise Teeter | SVP & General Auditor Officer | 40 | $487,942 | $101,410 |
| Nathan Scott | VP Investments Key employee | 40 | $457,618 | $113,656 |
| Phoebe Murphy | Chief Actuary & VP of Enterprise Analytics Key employee | 40 | $454,180 | $101,382 |
| Edward Coates | VP HR Employee Services Key employee | 40 | $418,446 | $116,370 |
| Shannon Pounds | VP & Associate General Counsel Key employee | 40 | $443,987 | $89,800 |
31 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Erica Sanchez | VP & Controller Key employee | 40 | $422,072 | $0 | $105,405 |
| Peppia Sherrouse | VP Claim Operations Key employee | 40 | $431,117 | $0 | $96,100 |
| Beverly Harris | VP Corporate Strategy & Product Key employee | 40 | $429,062 | $0 | $97,692 |
| Anthony Seraphim | VP Digital Transformation Key employee | 40 | $423,453 | $0 | $95,540 |
| Amy Green-Hinojosa | VP Project Management Office Key employee | 40 | $403,457 | $0 | $110,420 |
| Lisa Evans | VP Distribution & Customer Engagement Key employee | 40 | $440,227 | $0 | $73,088 |
| Richard Dabney | VP Corporate Underwriting Key employee | 40 | $422,478 | $0 | $90,651 |
| David John | VP IT Infrastructure Key employee | 40 | $398,777 | $0 | $112,304 |
| Roger Humecky | VP Data Analytics & Business Intelligence Key employee | 40 | $415,048 | $0 | $92,519 |
| Jeremiah Bentley | VP Marketing & Community Affairs Key employee | 40 | $383,586 | $0 | $113,163 |
| Greta Gonzales | VP & Chief Risk Officer Key employee | 40 | $405,464 | $0 | $90,408 |
| David Morton | VP Underwriting Operations Key employee | 40 | $400,974 | $0 | $93,171 |
| Toni Toliver | VP Business Law Key employee | 40 | $401,008 | $0 | $88,286 |
| Eric Bourquin | VP Safety Services Highest-paid employee | 40 | $376,800 | $0 | $106,842 |
| James Ziolkowski | VP Regional Operations Key employee | 40 | $415,972 | $0 | $65,306 |
| Billy Jackson | VP Regional Operations Key employee | 40 | $409,323 | $0 | $62,310 |
| Jackie Kenyon | VP Special Litigation Highest-paid employee | 40 | $374,702 | $0 | $91,275 |
| John Sapp | VP Information Security Key employee | 40 | $384,599 | $0 | $63,032 |
| Matthew Smith | VP Engineering Highest-paid employee | 40 | $360,123 | $0 | $70,116 |
| Nicholas Tsourmas | Medical Director Highest-paid employee | 30 | $351,155 | $0 | $62,241 |
| Rhonda Barker | VP Premium Audit Highest-paid employee | 40 | $338,216 | $0 | $72,241 |
| Ronald Ellis Simmons | Director Trustee or director | 4 | $198,000 | $30,000 | $0 |
| Gregory Carter | Chief Transformation Officer Officer | 40 | $200,000 | $0 | $0 |
| Tommy Dan Phillips | Director Trustee or director | 4 | $135,000 | $0 | $0 |
| Alexia Selene Elliott | Director Trustee or director | 4 | $105,000 | $30,000 | $0 |
| Steven Dudley Oldham | Director Trustee or director | 4 | $105,000 | $30,000 | $0 |
| William Francis Quinn | Director Trustee or director | 4 | $130,000 | $0 | $0 |
| Kristina Rose Koncaba | Director Trustee or director | 4 | $120,000 | $0 | $0 |
| Brett Baker Flagg | Director Trustee or director | 4 | $120,000 | $0 | $0 |
| Gary Gibson | Director Trustee or director | 4 | $115,000 | $0 | $0 |
| Kevin Mart Robnett | Director Trustee or director | 4 | $105,000 | $0 | $0 |
990 for the year ended December 31, 2023: 47 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brenda Ward | President & CEO Officer | 40 | $1,044,088 | $0 | $140,997 |
| Richard Gergasko | President & CEO Officer | 40 | $1,037,694 | $50,000 | $26,272 |
| Michael Hernandez | Chief Data Officer Officer | 40 | $767,523 | $0 | $104,553 |
| Leonard Johnson | SVP Investments Officer | 40 | $794,541 | $0 | $52,491 |
| Willard Potter | SVP & CFO Officer | 40 | $682,776 | $0 | $113,056 |
| Paul Schlaud | SVP Enterprise Affairs & General Counsel Officer | 40 | $621,026 | $0 | $100,812 |
| Kim Haugaard | SVP Policyholder Services Officer | 40 | $542,533 | $0 | $107,821 |
| Jeffrey Lentz | SVP Underwriting Officer | 40 | $524,506 | $0 | $123,614 |
| Jeannette Sprague | SVP & Chief Information Officer Officer | 40 | $577,938 | $0 | $67,651 |
| Lawrence Martin | SVP Human Resources Officer | 40 | $524,182 | $0 | $101,477 |
| Jo Betsy Norton | SVP Public Affairs Officer | 40 | $549,905 | $0 | $52,214 |
| David John | VP IT Infrastructure Key employee | 40 | $425,393 | $0 | $110,282 |
| Elise Teeter | SVP & General Auditor Officer | 40 | $446,803 | $0 | $88,055 |
| Nathan Scott | VP Investments Key employee | 40 | $419,836 | $0 | $97,795 |
| Phoebe Murphy | VP & Chief Actuary, Enterprise Analytics Key employee | 40 | $413,106 | $0 | $88,455 |
| Erica Sanchez | VP & Controller Key employee | 40 | $395,003 | $0 | $90,816 |
| Edward Coates | VP HR Employee Services Key employee | 40 | $379,053 | $0 | $106,105 |
| Richard Dabney | VP Corporate Underwriting Key employee | 40 | $384,120 | $0 | $99,637 |
| Shannon Pounds | VP & Associate General Counsel Key employee | 40 | $396,173 | $0 | $82,761 |
| Peppia Sherrouse | VP Claim Operations Key employee | 40 | $385,797 | $0 | $90,129 |
| Beverly Harris | VP Corporate Strategy & Product Key employee | 40 | $389,491 | $0 | $83,417 |
| David Morton | VP Underwriting Operations Key employee | 40 | $402,444 | $0 | $68,371 |
| Lisa Evans | VP Distribution & Customer Engagement Key employee | 40 | $400,060 | $0 | $68,292 |
| Amy Green-Hinojosa | VP Project Management Office Key employee | 40 | $362,125 | $0 | $102,248 |
| Jeremiah Bentley | VP Marketing & Community Affairs Key employee | 40 | $357,781 | $0 | $104,935 |
| Greta Gonzales | VP & Chief Risk Officer Key employee | 40 | $373,601 | $0 | $82,707 |
| Roger Humecky | VP Data Analytics & Business Intelligence Key employee | 40 | $368,522 | $0 | $80,260 |
| Anthony Seraphim | VP Data Governance Key employee | 40 | $359,566 | $0 | $87,432 |
| Adrian Vanzulli | VP Engineering Key employee | 40 | $355,734 | $0 | $88,732 |
| Toni Toliver | VP Business Law Key employee | 40 | $360,673 | $0 | $80,921 |
| Billy Jackson | VP Regional Operations Key employee | 40 | $380,294 | $0 | $60,240 |
| Eric Bourquin | VP Safety Services Highest-paid employee | 40 | $345,328 | $0 | $94,958 |
| James Ziolkowski | VP Regional Operations Key employee | 40 | $375,369 | $0 | $61,790 |
| Jackie Kenyon | VP Special Litigation Highest-paid employee | 40 | $341,743 | $0 | $81,429 |
| Nicholas Tsourmas | Medical Director Highest-paid employee | 30 | $355,012 | $0 | $58,740 |
| John Sapp | VP Information Security Highest-paid employee | 40 | $349,435 | $0 | $58,906 |
| Rhonda Barker | VP Premium Audit Highest-paid employee | 40 | $313,706 | $0 | $66,623 |
| Ronald Ellis Simmons | Director Trustee or director | 4 | $186,000 | $22,500 | $0 |
| Tommy Dan Phillips | Director Trustee or director | 4 | $131,250 | $0 | $0 |
| Kristina Rose Koncaba | Director Trustee or director | 4 | $130,000 | $0 | $0 |
| Alexia Selene Elliott | Director Trustee or director | 4 | $105,000 | $22,500 | $0 |
| Steven Dudley Oldham | Director Trustee or director | 4 | $105,000 | $22,500 | $0 |
| Brett Baker Flagg | Director Trustee or director | 4 | $127,000 | $0 | $0 |
| William Francis Quinn | Director Trustee or director | 4 | $105,750 | $0 | $0 |
| John Dayton Swanson | Director Trustee or director | 4 | $104,500 | $0 | $0 |
| Kevin Mart Robnett | Director Trustee or director | 4 | $102,000 | $0 | $0 |
| Gary Gibson | Director Trustee or director | 4 | $25,500 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2200 ALDRICH ST, AUSTIN, TX 78723-3473
- In care of
- % BILL POTTER
- Principal officer (990 for 2024)
- Bill Potter, 2200 Aldrich Street, Austin, TX 78723
- Signed the 990
- Erica Sanchez, VP Financial Services & Controller
- Phone
- (800) 859-5995
- Website
- www.texasmutual.com
Mission
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 help to prevent on-the-job injuries and illnesses and minimize their consequences.
Program accomplishments
- The Company wrote over 85,000 workers' compensation policies in 2024 covering approximately 1.7 million Texas employees. During the year, the Company processed just over 47,000 claims and paid out approximately $460 million in medical and income benefits to injured workers. $350 million in dividends was distributed to approximately 70,000 policyholders and an additional $23 million in dividends was distributed to 26 safety groups.revenue $1,532,187,813
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2615873
- Tax-exempt status
- 501(c)(27): State workers' compensation organization
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,566,132,270
- Income (IRS master file)
- $5,531,742,949
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,532,187,813 | $1,316,092,367 | $8,566,132,270 | IRS |
| 990 | December 2023 | $1,386,324,608 | $1,285,388,595 | $8,419,583,416 | XML |
| 990 | December 2022 | $1,300,355,257 | $1,209,915,305 | $8,234,972,587 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2615873).
Questions about TEXAS MUTUAL INSURANCE COMPANY
- What is the EIN of TEXAS MUTUAL INSURANCE COMPANY?
- The employer identification number (EIN) of TEXAS MUTUAL INSURANCE COMPANY is 74-2615873.
- Is TEXAS MUTUAL INSURANCE COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(27) since 2000.
- Are donations to TEXAS MUTUAL INSURANCE COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXAS MUTUAL INSURANCE COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TEXAS MUTUAL INSURANCE COMPANY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEXAS MUTUAL INSURANCE COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TEXAS MUTUAL INSURANCE COMPANY?
- The 990 for the year ended December 31, 2024 names Bill Potter.
- Who are the officers and directors of TEXAS MUTUAL INSURANCE COMPANY?
- The 990 for the year ended December 31, 2024 lists 46 people; 46 received compensation from the organization, the highest $1,548,094 (Brenda Ward, President & CEO).
- How much revenue does TEXAS MUTUAL INSURANCE COMPANY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,532,187,813, expenses of $1,316,092,367 and total assets of $8,566,132,270 at year end.
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