Texas Mutual Insurance Company

Austin, TX
Tax-exempt since June 2000
EIN: 74-2615873

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Type of Nonprofit

Designated as a 501(c)(27) State-sponsored workers' compensation reinsurance organizations.

Donations to this organization are not tax deductible.

Revenue

$1.53B (2024)

Expenses

$1.32B (2024)

Total Assets

$8.57B (2024)

Total Liabilities

$3.52B (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,532,187,813

Expenses

$1,316,092,367

Net Income

$216,095,446

Net Assets

$5,047,120,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,083,347,155	70.7%
Investment Income	$328,751,955	21.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$847,825	0.1%
Net Fundraising	$0
Sales of Assets	$118,376,418	7.7%
Net Inventory Sales	$0
Other Revenue	$864,460	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$23,010,418	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$111,197,216	8.4%

Assets/Debt
Total Assets	$8,566,132,270
Total Liabilities	$3,519,011,475
Net Assets	$5,047,120,795

Compensation

Key Employees and Officers	Compensation	Related	Other
Brenda Ward (President & Ceo)	$1,548,094	$0	$168,649
Leonard Johnson (Svp Investments)	$894,839	$0	$51,780
Paul Schlaud (Svp Enterprise Affairs & General Counsel)	$818,606	$0	$109,174
Willard Potter (Svp & Cfo)	$763,584	$0	$126,014
Michael Hernandez (Chief Data Officer)	$668,030	$0	$65,306
Jeannette Sprague (Svp & Chief Information Officer)	$617,050	$0	$61,792
Kim Haugaard (Svp Policyholder Services)	$601,452	$0	$114,282
Jeffrey Lentz (Svp Underwriting)	$590,893	$0	$132,678
Jo Betsy Norton (Svp Public Affairs)	$587,783	$0	$53,780
Lawrence Martin (Svp Human Resources)	$568,370	$0	$110,748
Elise Teeter (Svp & General Auditor)	$487,942	$0	$101,410
Nathan Scott (Vp Investments)	$457,618	$0	$113,656
Phoebe Murphy (Chief Actuary & Vp Of Enterprise Analytics)	$454,180	$0	$101,382
Shannon Pounds (Vp & Associate General Counsel)	$443,987	$0	$89,800
Lisa Evans (Vp Distribution & Customer Engagement)	$440,227	$0	$73,088
Peppia Sherrouse (Vp Claim Operations)	$431,117	$0	$96,100
Beverly Harris (Vp Corporate Strategy & Product)	$429,062	$0	$97,692
Anthony Seraphim (Vp Digital Transformation)	$423,453	$0	$95,540
Richard Dabney (Vp Corporate Underwriting)	$422,478	$0	$90,651
Erica Sanchez (Vp & Controller)	$422,072	$0	$105,405
Edward Coates (Vp Hr Employee Services)	$418,446	$0	$116,370
James Ziolkowski (Vp Regional Operations)	$415,972	$0	$65,306
Roger Humecky (Vp Data Analytics & Business Intelligence)	$415,048	$0	$92,519
Billy Jackson (Vp Regional Operations)	$409,323	$0	$62,310
Greta Gonzales (Vp & Chief Risk Officer)	$405,464	$0	$90,408
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990

Filed on Nov. 12, 2025

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Fiscal Year Ending Dec.
2023

Revenue

$1,386,324,608

Expenses

$1,285,388,595

Net Income

$100,936,013

Net Assets

$4,878,101,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,115,850,503	80.5%
Investment Income	$284,188,929	20.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$776,169	0.1%
Net Fundraising	$0
Sales of Assets	-$14,945,398
Net Inventory Sales	$0
Other Revenue	$454,405	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,799,874	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$107,202,049	8.3%

Assets/Debt
Total Assets	$8,419,583,416
Total Liabilities	$3,541,481,691
Net Assets	$4,878,101,725

Compensation

Key Employees and Officers	Compensation	Related	Other
Brenda Ward (President & Ceo)	$1,044,088	$0	$140,997
Richard Gergasko (President & Ceo)	$1,037,694	$50,000	$26,272
Leonard Johnson (Svp Investments)	$794,541	$0	$52,491
Michael Hernandez (Chief Data Officer)	$767,523	$0	$104,553
Willard Potter (Svp & Cfo)	$682,776	$0	$113,056
Paul Schlaud (Svp Enterprise Affairs & General Counsel)	$621,026	$0	$100,812
Jeannette Sprague (Svp & Chief Information Officer)	$577,938	$0	$67,651
Jo Betsy Norton (Svp Public Affairs)	$549,905	$0	$52,214
Kim Haugaard (Svp Policyholder Services)	$542,533	$0	$107,821
Jeffrey Lentz (Svp Underwriting)	$524,506	$0	$123,614
Lawrence Martin (Svp Human Resources)	$524,182	$0	$101,477
Elise Teeter (Svp & General Auditor)	$446,803	$0	$88,055
David John (Vp It Infrastructure)	$425,393	$0	$110,282
Nathan Scott (Vp Investments)	$419,836	$0	$97,795
Phoebe Murphy (Vp & Chief Actuary, Enterprise Analytics)	$413,106	$0	$88,455
David Morton (Vp Underwriting Operations)	$402,444	$0	$68,371
Lisa Evans (Vp Distribution & Customer Engagement)	$400,060	$0	$68,292
Shannon Pounds (Vp & Associate General Counsel)	$396,173	$0	$82,761
Erica Sanchez (Vp & Controller)	$395,003	$0	$90,816
Beverly Harris (Vp Corporate Strategy & Product)	$389,491	$0	$83,417
Peppia Sherrouse (Vp Claim Operations)	$385,797	$0	$90,129
Richard Dabney (Vp Corporate Underwriting)	$384,120	$0	$99,637
Billy Jackson (Vp Regional Operations)	$380,294	$0	$60,240
Edward Coates (Vp Hr Employee Services)	$379,053	$0	$106,105
James Ziolkowski (Vp Regional Operations)	$375,369	$0	$61,790
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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$1,300,355,257

Expenses

$1,209,915,305

Net Income

$90,439,952

Net Assets

$4,734,795,716

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,076,017,857	82.7%
Investment Income	$237,181,461	18.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$738,545	0.1%
Net Fundraising	$0
Sales of Assets	-$14,253,842
Net Inventory Sales	$0
Other Revenue	$671,236	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,936,061	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$95,058,772	7.9%

Assets/Debt
Total Assets	$8,234,972,587
Total Liabilities	$3,500,176,871
Net Assets	$4,734,795,716

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Gergasko (President & Ceo)	$1,842,750	$0	$45,340
Brenda Ward (Chief Operating Officer)	$815,189	$0	$131,191
Leonard Johnson (Svp Investments)	$728,072	$0	$46,192
Jo Betsy Norton (Svp Public Affairs)	$673,001	$0	$93,195
Willard Potter (Svp & Cfo)	$559,523	$0	$90,337
Michael Hernandez (Chief Data Officer)	$542,751	$0	$88,819
Paul Schlaud (Svp Enterprise Affairs & General Counsel)	$536,007	$0	$92,857
Kim Haugaard (Svp Policyholder Services)	$496,938	$0	$101,377
Jeffrey Lentz (Svp Underwriting)	$474,687	$0	$115,776
Lawrence Martin (Svp Human Resources)	$460,633	$0	$87,377
Mary Nichols (Svp & General Counsel)	$439,052	$0	$40,544
Jeannette Sprague (Svp & Chief Information Officer)	$427,761	$0	$64,679
Elise Teeter (Svp & General Auditor)	$409,303	$0	$83,118
David John (Vp It Infrastructure)	$382,236	$0	$107,582
Michael Stubblefield (Svp & Chief Information Officer)	$381,137	$0	$79,303
Phoebe Murphy (Vp & Chief Actuary)	$379,249	$0	$82,011
Nathan Scott (Vp Investments)	$364,616	$0	$89,961
Billy Jackson (Vp Regional Operations)	$359,915	$0	$57,268
Lisa Evans (Vp Distribution & Customer Engagement)	$358,065	$0	$63,859
Shannon Pounds (Vp & Associate General Counsel)	$345,666	$0	$76,512
Erica Sanchez (Vp & Controller)	$343,920	$0	$86,812
Roger Humecky (Vp Data Analytics & Business Intelligence)	$340,448	$0	$56,741
Peppia Sherrouse (Vp Regional Operations)	$337,428	$0	$79,218
Nicholas Tsourmas (Medical Director)	$332,894	$0	$42,268
Beverly Harris (Vp Corporate Strategy & Product)	$329,633	$0	$78,156
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990

Filed on Nov. 1, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$1,373,422,301

Expenses

$1,116,554,043

Net Income

$256,868,258

Net Assets

$4,811,203,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$982,217,298	71.5%
Investment Income	$228,539,508	16.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$737,858	0.1%
Net Fundraising	$0
Sales of Assets	$161,291,525	11.7%
Net Inventory Sales	$0
Other Revenue	$636,112	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,834,135	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$88,993,430	8.0%

Assets/Debt
Total Assets	$8,249,270,527
Total Liabilities	$3,438,067,021
Net Assets	$4,811,203,506

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Gergasko (President & Ceo)	$1,657,145	$0	$54,796
Leonard Johnson (Svp Investments)	$933,171	$0	$106,093
Brenda Ward (Chief Operating Officer)	$771,524	$0	$111,421
Perry Barron (Svp & Cfo)	$638,380	$0	$18,701
Mary Nichols (Svp & General Counsel)	$635,502	$0	$45,880
Michael Hernandez (Chief Data Officer)	$510,822	$0	$83,915
Michael Stubblefield (Svp & Chief Information Officer)	$509,643	$0	$78,102
Kim Haugaard (Svp Policyholder Services)	$470,841	$0	$92,660
Paul Schlaud (Svp & Special Counsel)	$467,596	$0	$80,217
Jeffrey Lentz (Svp Underwriting)	$440,882	$0	$106,136
Jo Betsy Norton (Svp Public Affairs)	$436,902	$0	$80,789
Willard Potter (Svp & Cfo)	$416,252	$0	$79,592
Elise Teeter (Svp & General Auditor)	$378,538	$0	$77,021
James Kohloff (Vp Regional Operations)	$374,647	$0	$94,065
David John (Vp It Infrastructure)	$368,617	$0	$102,371
Lawrence Martin (Svp Human Resources)	$357,002	$0	$69,484
Phoebe Murphy (Vp & Chief Actuary)	$355,423	$0	$76,414
Jeannette Sprague (Vp Applications)	$347,989	$0	$65,497
Billy Jackson (Vp Regional Operations)	$342,818	$0	$55,276
Lynette Caldwell (Svp Human Resources)	$341,188	$0	$40,311
Lisa Evans (Vp Distribution & Customer Engagement)	$339,172	$0	$53,810
Erica Sanchez (Vp & Controller)	$332,874	$0	$82,200
Nicholas Tsourmas (Vp & Medical Director)	$324,560	$0	$53,806
Peppia Gates (Vp Regional Operations)	$318,098	$0	$74,084
Catherine Brown (Vp Facility Services)	$314,280	$0	$45,169
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990

Filed on Nov. 11, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$1,306,549,522

Expenses

$1,095,776,895

Net Income

$210,772,627

Net Assets

$4,277,969,655

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$976,390,625	74.7%
Investment Income	$227,046,734	17.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$581,698	0.0%
Net Fundraising	$0
Sales of Assets	$101,977,407	7.8%
Net Inventory Sales	$0
Other Revenue	$553,058	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,426,822	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$88,417,241	8.1%

Assets/Debt
Total Assets	$7,829,763,414
Total Liabilities	$3,551,793,759
Net Assets	$4,277,969,655

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Gergasko (President & Ceo)	$1,543,454	$0	$146,886
Lynette Caldwell (Svp Human Resources)	$654,197	$0	$98,716
Brenda Ward (Chief Operating Officer)	$629,749	$0	$101,672
Leonard Johnson (Svp Investments)	$573,113	$0	$98,894
Mary Nichols (Svp & General Counsel)	$555,329	$0	$45,584
Perry Barron (Svp & Cfo)	$552,777	$0	$56,040
Michael Hernandez (Chief Data Officer)	$459,956	$0	$78,949
Kim Haugaard (Svp Policyholder Services)	$421,969	$0	$88,378
Jo Betsy Norton (Svp Public Affairs)	$386,787	$0	$78,655
Michael Stubblefield (Svp & Chief Information Officer)	$377,187	$0	$54,423
Jeffrey Lentz (Svp Underwriting)	$376,431	$0	$96,919
David John (Vp It Infrastructure)	$350,191	$0	$100,785
Phoebe Murphy (Vp & Chief Actuary)	$339,346	$0	$93,568
James Kohloff (Vp Regional Operations)	$331,046	$0	$86,293
Elise Teeter (Svp & General Auditor)	$326,156	$0	$72,564
Nicholas Tsourmas (Vp & Medical Director)	$316,724	$0	$53,336
Paschal Strong (Vp Underwriting Operations)	$311,025	$0	$34,676
Jeannette Sprague (Vp Applications)	$310,182	$0	$64,174
Paul Schlaud (Svp & Special Counsel)	$307,535	$0	$62,665
Erica Sanchez (Vp & Controller)	$305,834	$0	$77,684
Billy Jackson (Vp Regional Operations)	$305,301	$0	$53,969
Lisa Evans (Vp Distribution & Customer Engagement)	$304,212	$0	$49,021
Shannon Pounds (Vp Claims Litigation)	$287,196	$0	$66,256
Catherine Brown (Vp Facility Services)	$284,828	$0	$40,964
Benjamin Siddons (Vp Business Development)	$283,947	$0	$67,645
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990

Filed on Nov. 11, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$1,394,588,110

Expenses

$1,176,764,127

Net Income

$217,823,983

Net Assets

$4,000,001,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,093,530,380	78.4%
Investment Income	$241,181,709	17.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$336,622	0.0%
Net Fundraising	$0
Sales of Assets	$58,734,802	4.2%
Net Inventory Sales	$0
Other Revenue	$804,597	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$13,912,324	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$85,494,315	7.3%

Assets/Debt
Total Assets	$7,631,590,732
Total Liabilities	$3,631,588,995
Net Assets	$4,000,001,737

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Gergasko (President & Ceo)	$996,264	$0	$134,729
William Mc Lellan (Svp Information Technology)	$548,189	$0	$43,051
Brenda Ward (Chief Operating Officer)	$532,201	$0	$80,431
Perry Barron (Svp & Cfo)	$511,359	$0	$51,426
Leonard Johnson (Svp Investments)	$508,453	$0	$83,395
Mary Nichols (Svp & General Counsel)	$499,664	$0	$41,588
Lynette Caldwell (Svp Human Resources)	$386,880	$0	$85,739
Michael Hernandez (Chief Data Officer)	$386,280	$0	$62,157
Kim Haugaard (Svp Policyholder Services)	$385,288	$0	$72,508
Jo Betsy Norton (Svp Public Affairs)	$338,157	$0	$76,287
David John (Vp It Infrastructure)	$322,718	$0	$89,504
Phoebe Murphy (Vp & Chief Actuary)	$317,177	$0	$74,243
Martin Leifker (Vp It Architecture & Digital Innovation)	$312,210	$0	$87,874
Catherine Brown (Vp Facility Services)	$306,800	$0	$54,709
Nicholas Tsourmas (Vp & Medical Director)	$301,519	$0	$47,866
Jeffrey Lentz (Vp Underwriting)	$296,682	$0	$84,926
James Kohloff (Vp Regional Operations)	$292,757	$0	$81,531
Jeannette Sprague (Vp Applications)	$290,224	$0	$59,038
Woody Hill (Vp & Customer Experience Officer)	$281,073	$0	$54,637
Billy Jackson (Vp Regional Operations)	$277,115	$0	$46,412
Elise Teeter (Svp & General Auditor)	$273,674	$0	$62,751
Amy Green Hinojosa (Vp Project Management Office)	$261,284	$0	$63,107
Erica Sanchez (Vp & Controller)	$260,451	$0	$68,437
Curtis Johnson (Vp Claim Operations)	$259,641	$0	$54,934
Benjamin Siddons (Vp Business Development)	$259,438	$0	$55,481
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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$1,417,228,021

Expenses

$1,231,815,865

Net Income

$185,412,156

Net Assets

$3,565,685,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,108,223,596	78.2%
Investment Income	$225,191,650	15.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$82,698,438	5.8%
Net Inventory Sales	$0
Other Revenue	$1,114,337	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$12,590,344	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$83,230,221	6.8%

Assets/Debt
Total Assets	$7,177,542,373
Total Liabilities	$3,611,856,729
Net Assets	$3,565,685,644

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard Gergasko (President & Ceo)	$898,264	$0	$122,182
Perry Barron (Svp & Cfo)	$477,017	$0	$54,281
Leonard Johnson (Svp Investments)	$469,675	$0	$76,167
Mary Nichols (General Counsel & Svp)	$461,959	$0	$37,943
William Mc Lellan (Svp Information Technology)	$456,695	$0	$44,955
Brenda Ward (Chief Operating Officer)	$439,807	$0	$69,955
Steven Math (Svp Underwriting)	$429,515	$0	$68,030
Lynette Caldwell (Svp Human Resources)	$353,853	$0	$78,678
Kim Haugaard (Svp Policyholder Services)	$329,752	$0	$63,564
Barbara Drollinger (Vp Regional Operations)	$328,104	$0	$45,107
Michael Hernandez (Chief Data Officer)	$307,973	$0	$11,015
David John (Vp It Infrastructure)	$298,044	$0	$82,876
Phoebe Murphy (Vp & Chief Actuary)	$295,309	$0	$64,586
Nicholas Tsourmas (Vp & Medical Director)	$292,025	$0	$42,916
Jo Betsy Norton (Vp Public Affairs)	$289,118	$0	$67,025
Curtis Johnson (Vp Claim Operations)	$287,594	$0	$64,791
Martin Leifker (Vp It Architecture & Digital Innovation)	$282,267	$0	$81,740
James Kohloff (Vp Regional Operations)	$280,644	$0	$74,002
Jeffrey Lentz (Vp Underwriting)	$273,810	$0	$78,091
Billy Jackson (Vp Regional Operations)	$262,846	$0	$41,457
Woody Hill (Vp & Customer Experience Officer)	$257,543	$0	$40,650
Erica Sanchez (Vp & Controller)	$247,790	$0	$55,057
Edward Coates (Vp Hr Employee Services)	$242,746	$0	$72,742
Jeannette Sprague (Vp Applications)	$236,719	$0	$49,499
Terry Frakes (Svp Public Affairs)	$227,924	$0	$26,002
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990

Filed on Nov. 5, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$1,334,427,425

Expenses

$1,102,241,054

Net Income

$232,186,371

Net Assets

$3,533,425,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,053,564,725	79.0%
Investment Income	$204,110,089	15.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$75,665,832	5.7%
Net Inventory Sales	$0
Other Revenue	$1,086,779	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,471,482	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$74,015,768	6.7%

Assets/Debt
Total Assets	$7,061,649,960
Total Liabilities	$3,528,224,070
Net Assets	$3,533,425,890

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard J Gergasko (President And Ceo)	$784,977	$0	$102,948
Perry Michael Barron (Svp And Cfo)	$445,090	$0	$60,414
Leonard Randall Johnson (Svp Investments)	$439,360	$0	$76,174
William Allen Mc Lellan (Svp Information Technology)	$427,670	$0	$50,042
Mary B Nichols (General Counsel And Svp)	$423,282	$0	$40,570
Steven E Math (Svp Underwriting)	$407,359	$0	$68,879
Brenda J Ward (Svp Policyholder Services)	$384,209	$0	$69,947
Terry L Frakes (Svp Public Affairs)	$378,177	$0	$38,070
Lynette T Caldwell (Svp Human Resources)	$329,873	$0	$77,020
Billy A Jackson (Vp Regional Operations)	$305,119	$0	$63,684
Terrence L Buchheit (Vp Applications)	$299,595	$0	$51,572
Kim Haugaard (Vp Network And Medical Operations)	$288,687	$0	$70,765
David W John (Vp It Infrastructure)	$282,130	$0	$85,242
Phobe Murphy (Vp & Chief Actuary)	$278,614	$0	$65,998
Timothy Patrick Riley (Vp Special Investigations)	$270,798	$0	$34,302
Nicholas Francis Tsourmas (Vp And Medical Director)	$266,719	$0	$48,827
James R Kohloff (Vp Regional Operations)	$263,994	$0	$76,840
Jeffrey Paul Lentz (Vp Underwriting)	$262,031	$0	$79,781
Jo Betsy Norton (Vp Public Affairs)	$257,939	$0	$64,585
Martin J Leifker (Vp Digital Innovation & Solutions)	$254,889	$0	$80,543
Ernest W Stokey (Vp Premium Audit)	$247,779	$0	$32,432
Woody Lee Hill (Vp & Customer Experience Officer)	$241,652	$0	$40,099
Barbara Joann Drollinger (Vp Regional Operations)	$233,657	$0	$36,045
Edward M Coates (Vp Hr Employee Services)	$231,212	$0	$74,999
Erica Mae Sanchez (Vp Financial Services)	$224,067	$0	$57,289
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990

Filed on Oct. 10, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$1,293,722,109

Expenses

$974,892,160

Net Income

$318,829,949

Net Assets

$3,164,477,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,033,842,903	79.9%
Investment Income	$186,119,501	14.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$73,006,671	5.6%
Net Inventory Sales	$0
Other Revenue	$753,034	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$12,097,515	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$69,643,339	7.1%

Assets/Debt
Total Assets	$6,633,876,390
Total Liabilities	$3,469,399,074
Net Assets	$3,164,477,316

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard J Gergasko (President And Ceo)	$667,592	$0	$96,898
Perry Michael Barron (Svp And Cfo)	$473,979	$0	$53,037
Leonard Randall Johnson (Svp Investments)	$469,990	$0	$83,978
William Allen Mc Lellan (Svp Information Technology)	$437,114	$0	$44,725
Mary B Nichols (General Counsel And Svp)	$432,171	$0	$38,049
Steven E Math (Svp Underwriting)	$425,479	$0	$67,891
Brenda J Ward (Svp Policyholder Services)	$411,722	$0	$66,879
Terry L Frakes (Svp Public Affairs)	$397,896	$0	$35,549
Lynette T Caldwell (Svp Human Resources)	$351,068	$0	$71,561
Terrence L Buchheit (Vp Applications)	$326,616	$0	$46,401
Kim Haugaard (Vp Network And Medical Operations)	$310,424	$0	$66,843
David W John (Vp It Infrastructure)	$301,992	$0	$77,994
Ernest W Stokey (Vp Premium Audit)	$278,445	$0	$34,453
James R Kohloff (Vp Regional Operations)	$276,156	$0	$72,002
Jo Betsy Norton (Vp Public Affairs)	$274,855	$0	$59,092
Nicholas Francis Tsourmas (Vp And Medical Director)	$252,295	$0	$39,792
Benjamin Joel Turner (Svp And Chief Actuary)	$250,217	$0	$65,020
Phoebe Alexis Samuels Tinney (Vp And Associate Actuary)	$249,372	$0	$55,573
Timothy Patrick Riley (Vp Special Investigations)	$245,884	$0	$42,295
Martin J Leifker (Vp Product Development)	$238,299	$0	$64,133
Bill W Huckaby (Vp General Auditor)	$234,933	$0	$41,537
Jeffrey Paul Lentz (Vp Underwriting)	$233,321	$0	$71,146
Woody Lee Hill (Vp Safety And Information Services)	$225,757	$0	$37,878
Billy A Jackson (Vp Regional Operations)	$223,303	$0	$51,620
Barbara Joann Drollinger (Vp Regional Operations)	$222,370	$0	$34,917
See filing for compensation of 22 other people →

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990

Filed on Nov. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$1,338,360,568

Expenses

$1,048,929,806

Net Income

$289,430,762

Net Assets

$2,781,853,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,132,361,006	84.6%
Investment Income	$171,961,503	12.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$33,309,371	2.5%
Net Inventory Sales	$0
Other Revenue	$728,688	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$12,318,434	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$63,760,155	6.1%

Assets/Debt
Total Assets	$6,318,486,031
Total Liabilities	$3,536,632,294
Net Assets	$2,781,853,737

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard J Gergasko (President & Ceo)	$662,018	$0	$97,777
Perry Michael Barron (Svp & Cfo)	$425,432	$0	$59,301
William Allen Mc Lellan (Svp Information Technology)	$409,646	$0	$49,189
Terrence L Buchheit (Vp Applications)	$404,072	$0	$74,477
Leonard Randall Johnson (Svp Investments)	$401,771	$0	$91,903
Mary B Nichols (General Counsel & Svp)	$400,100	$0	$40,624
Steven E Math (Svp Underwriting)	$377,998	$0	$60,890
Terry L Frakes (Svp Public Affairs)	$357,800	$0	$37,529
Benjamin Joel Turner (Svp & Chief Actuary)	$357,369	$0	$82,352
Brenda J Ward (Svp Policyholder Services)	$343,111	$0	$66,092
Joseph Albert Yurkovich (Svp Strategic Planning & Marketing)	$341,879	$0	$48,451
Lynette T Caldwell (Svp Human Resources)	$292,724	$0	$70,675
Bill W Huckaby (Vp General Auditor)	$285,116	$0	$62,583
David W John (Vp It Infrastructure)	$271,309	$0	$80,996
Kim Haugaard (Vp Network & Medical Ops)	$267,722	$0	$67,118
Nicholas Francis Tsourmas (Vp & Medical Director)	$252,531	$0	$43,955
Ernest W Stokey (Vp Premium Audit)	$245,220	$0	$31,185
James R Kohloff (Vp Regional Operations)	$240,870	$0	$69,087
Jo Betsy Norton (Vp Public Affairs)	$235,119	$0	$57,158
Jeffrey Paul Lentz (Vp Underwriting)	$232,804	$0	$75,713
Phoebe Alexis Samuels Tinney (Vp & Associate Actuary)	$231,190	$0	$60,235
Timothy Patrick Riley (Vp Special Investigations)	$225,107	$0	$44,015
Barbara Joann Drollinger (Vp Regional Operations)	$221,570	$0	$32,791
Woody Lee Hill (Vp Safety & Information Services)	$220,497	$0	$62,617
Curtis Wall Johnson (Vp Claim Operations)	$217,965	$0	$47,267
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990

Filed on Nov. 10, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$1,463,065,976

Expenses

$1,141,818,453

Net Income

$321,247,523

Net Assets

$2,561,015,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,138,418,349	77.8%
Investment Income	$166,863,449	11.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$157,191,087	10.7%
Net Inventory Sales	$0
Other Revenue	$593,091	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,417,274	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$61,441,207	5.4%

Assets/Debt
Total Assets	$5,997,451,061
Total Liabilities	$3,436,435,897
Net Assets	$2,561,015,164

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard J Gergasko (President & Ceo)	$625,704	$0	$79,129
Perry Michael Barron (Svp & Cfo)	$395,987	$0	$60,140
William Allen Mc Lellan (Svp Information Technology)	$380,521	$0	$48,784
Leonard Randall Johnson (Svp Investments)	$372,640	$0	$86,205
Mary B Nichols (General Counsel & Svp)	$370,616	$0	$47,440
Benjamin Joel Turner (Svp & Chief Actuary)	$341,297	$0	$80,182
Terry L Frakes (Svp Public Affairs)	$335,201	$0	$37,408
Steven E Math (Svp Underwriting)	$334,184	$0	$52,158
Joseph Albert Yurkovich (Svp Strategic Plang & Policyholder Services)	$319,167	$0	$47,444
Brenda J Ward (Svp Claims)	$318,848	$0	$57,159
Terrence L Buchheit (Vp Applications)	$274,669	$0	$67,951
David W John (Vp It Infrastructure)	$258,545	$0	$76,871
Kenneth W Lauber (Vp Business Development)	$253,345	$0	$28,802
Jody Ann Heins (Vp Financial Services)	$253,241	$0	$49,689
Mitchell D Walsh (Vp Insurance Services)	$250,702	$0	$73,289
Kim Haugaard (Vp Network & Medical Ops)	$249,881	$0	$58,912
Lynette T Caldwell (Vp Human Resources)	$249,231	$0	$63,578
Ernest W Stokey (Vp Premium Audit)	$229,916	$0	$32,132
James R Kohloff (Vp Regional Operations)	$224,136	$0	$67,365
Jo Betsy Norton (Vp Public Affairs)	$222,724	$0	$55,699
Jeffrey Paul Lentz (Vp Underwriting)	$217,019	$0	$69,859
Phoebe Alexis Samuels Tinney (Vp & Associate Actuary)	$213,460	$0	$46,712
Timothy Patrick Riley (Vp Special Investigations)	$211,364	$0	$40,998
Bill W Huckaby (Vp General Auditor)	$201,674	$0	$48,393
Barbara Joann Drollinger (Vp Regional Operations)	$193,893	$0	$21,452
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990

Filed on Nov. 2, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,256,582,687

Expenses

$1,010,754,324

Net Income

$245,828,363

Net Assets

$2,330,482,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$989,335,921	78.7%
Investment Income	$149,829,840	11.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$116,604,249	9.3%
Net Inventory Sales	$0
Other Revenue	$812,677	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,621,071	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$55,533,214	5.5%

Assets/Debt
Total Assets	$5,517,176,651
Total Liabilities	$3,186,694,625
Net Assets	$2,330,482,026

Compensation

Key Employees and Officers	Compensation	Related	Other
Richard J Gergasko (President & Ceo)	$450,457	$0	$44,465
Ronald O Wright (Former Chief Executive Officer)	$448,960	$0	$18,557
William Allen Mclellan (Senior Vice President)	$352,106	$0	$46,023
Perry Michael Barron (Chief Financial Officer)	$351,015	$0	$56,431
Leonard Randall Johnson (Senior Vice President)	$346,644	$0	$81,244
Mary B Nichols (General Counsel And Senior Vice President)	$344,355	$0	$45,111
Steven Math (Senior Vice President)	$314,852	$0	$52,344
Ernest W Stokey (Vice President)	$311,478	$0	$44,445
Terry L Frakes (Senior Vice President)	$311,345	$0	$36,615
Benjamin Joel Turner (Senior Vice President And Chief Actuary)	$307,644	$0	$74,354
Brenda J Ward (Senior Vice President)	$277,279	$0	$53,099
Lisa Marie Corless (Former Chief Operating Officer)	$274,903	$0	$63,730
Joseph Albert Yurkovich (Senior Vice President)	$269,663	$0	$35,458
Terrence L Buchheit (Vice President)	$260,051	$0	$64,723
David W John (Vice President)	$243,254	$0	$73,324
Kenneth W Lauber (Vice President)	$239,694	$0	$44,711
Mitchell D Walsh (Vice President)	$234,311	$0	$67,870
Kim Haugaard (Vice President)	$232,724	$0	$54,806
Jody Ann Heins (Vice President)	$231,833	$0	$45,142
Lynette T Caldwell (Vice President)	$230,534	$0	$61,574
Jo Betsy Norton (Vice President)	$216,010	$0	$52,180
James R Kohloff (Vice President)	$212,053	$0	$61,569
Jeffrey Hiram Skaggs (Former Vice President)	$205,311	$0	$43,752
Jeffrey Paul Lentz (Vice President)	$203,314	$0	$64,268
Cecily A Gallagher (Former Chief Actuary)	$201,530	$0	$47,139
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990

Filed on Oct. 9, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$1,091,685,852

Expenses

$923,011,364

Net Income

$168,674,488

Net Assets

$1,934,389,003

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$844,842,754	77.4%
Investment Income	$153,541,683	14.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$93,036,693	8.5%
Net Inventory Sales	$0
Other Revenue	$264,722	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,464,482	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$53,001,379	5.7%

Assets/Debt
Total Assets	$4,890,294,385
Total Liabilities	$2,955,905,382
Net Assets	$1,934,389,003

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$948,994,455

Expenses

$809,923,772

Net Income

$139,070,683

Net Assets

$1,677,216,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$707,485,350	74.6%
Investment Income	$155,063,266	16.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$86,308,388	9.1%
Net Inventory Sales	$0
Other Revenue	$137,451	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,313,431	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$51,690,091	6.4%

Assets/Debt
Total Assets	$4,379,959,985
Total Liabilities	$2,702,743,429
Net Assets	$1,677,216,556

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 22, 2025

Texas Mutual Insurance Company

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.53B (2024)

Expenses $1.32B (2024)

Total Assets $8.57B (2024)

Total Liabilities $3.52B (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$1.53B (2024)

Expenses

$1.32B (2024)

Total Assets

$8.57B (2024)

Total Liabilities

$3.52B (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004