Texas Mutual Insurance Company
Texas Mutual Insurance Company is a workers' compensation insurance provider based in Austin, Texas, founded in 1991. The organization operates as a 501(c)(27) state-sponsored workers' compensation reinsurance organization and serves as the state's leading workers' compensation provider, insuring approximately 40% of the Texas workers' compensation market. The company provides coverage to more than 80,000 business owners protecting approximately 1.5 million Texas workers.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6B
+1.7% YoY
Annual Giving
$14.6M
+16.6% YoY
Grant Count
168
+15.9% YoY
Avg Grant Size
$87K
+0.6% YoY
Mission & Focus Areas
Texas Mutual is committed to strengthening communities, businesses, and working families across Texas while providing stable and competitive workers' compensation insurance. The organization focuses on preventing on-the-job injuries and minimizing their consequences through strategic safety services, medical care coordination, and claims handling.
The company's grantmaking priorities include:
- Working Texans Economic Opportunity: Reducing barriers that limit economic opportunity for working Texans through early childhood education, workforce wellness, and workforce advancement initiatives
- Workforce Development: Strengthening the state's workforce and economy by equipping working Texans and Texas businesses with skills and opportunities that drive growth
- Safety Training: Supporting workforce safety training programs
- Generational Learning: Initiatives focused on intergenerational knowledge and skill transfer
- Emergency Responder Health & Wellness: Supporting the health and wellness of emergency responders
Grantmaking
Texas Mutual actively awards grants to nonprofit organizations across Texas. The organization announced $8 million in grant funding for 2026 through two primary grant opportunities: the Working Texans Economic Opportunity Grant and the Texas Workforce Development Grant.
How to Apply
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Geographic Focus
Where this funder awards grants
Texas Mutual's grantmaking focuses primarily on Texas, with some activity in the District of Columbia and Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $8.57 billion
- Total Revenue: $1.53 billion
- Total Expenses: $1.32 billion
- Net Income: $216.1 million
- Net Assets: $5.05 billion
- Total Liabilities: $3.52 billion
As of 2023:
- Total Assets: $8.42 billion
- Total Revenue: $1.39 billion
- Total Expenses: $1.29 billion
Operational Metrics (2023):
- Wrote over 83,000 workers' compensation policies covering approximately 1.7 million Texas employees
- Processed almost 47,000 claims
- Paid approximately $430 million in medical and income benefits to injured workers
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,566,132,270 | $8,419,583,416 | $8,234,972,587 |
| Revenue | $1,532,187,813 | $1,386,324,608 | $1,300,355,257 |
| Expenses | $1,316,092,367 | $1,285,388,595 | $1,209,915,305 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $447,128,373 | $269,243,531 | $222,927,619 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
6 open opportunities from Texas Mutual Insurance Company
Community Grants for Nonprofits
TEXAS MUTUAL INSURANCE COMPANY
Amount
$8,000,000
Deadline
Rolling / Open
Emergency Responder Health & Wellness Grant
TEXAS MUTUAL INSURANCE COMPANY
Amount
Up to US $5,000
Deadline
Rolling / Open
First Responder Health and Wellness Grants
TEXAS MUTUAL INSURANCE COMPANY
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Brenda Ward | President & CEO | 40 | $1,548,094 |
| Leonard Johnson | SVP Investments | 40 | $894,839 |
| Paul Schlaud | SVP Enterprise Affairs & General Counsel | 40 | $818,606 |
| Willard Potter | SVP & CFO | 40 | $763,584 |
| Michael Hernandez | Chief Data Officer | 40 | $668,030 |
| Jeffrey Lentz | SVP Underwriting | 40 | $590,893 |
| Kim Haugaard | SVP Policyholder Services | 40 | $601,452 |
| Lawrence Martin | SVP Human Resources | 40 | $568,370 |
| Jeannette Sprague | SVP & Chief Information Officer | 40 | $617,050 |
| Jo Betsy Norton | SVP Public Affairs | 40 | $587,783 |
| Elise Teeter | SVP & General Auditor | 40 | $487,942 |
| Nathan Scott | VP Investments | 40 | $457,618 |
| Phoebe Murphy | Chief Actuary & VP of Enterprise Analytics | 40 | $454,180 |
| Edward Coates | VP HR Employee Services | 40 | $418,446 |
| Shannon Pounds | VP & Associate General Counsel | 40 | $443,987 |
| Erica Sanchez | VP & Controller | 40 | $422,072 |
| Peppia Sherrouse | VP Claim Operations | 40 | $431,117 |
| Beverly Harris | VP Corporate Strategy & Product | 40 | $429,062 |
| Anthony Seraphim | VP Digital Transformation | 40 | $423,453 |
| Amy Green-Hinojosa | VP Project Management Office | 40 | $403,457 |
| Lisa Evans | VP Distribution & Customer Engagement | 40 | $440,227 |
| Richard Dabney | VP Corporate Underwriting | 40 | $422,478 |
| David John | VP IT Infrastructure | 40 | $398,777 |
| Roger Humecky | VP Data Analytics & Business Intelligence | 40 | $415,048 |
| Jeremiah Bentley | VP Marketing & Community Affairs | 40 | $383,586 |
| Greta Gonzales | VP & Chief Risk Officer | 40 | $405,464 |
| David Morton | VP Underwriting Operations | 40 | $400,974 |
| Toni Toliver | VP Business Law | 40 | $401,008 |
| Eric Bourquin | VP Safety Services | 40 | $376,800 |
| James Ziolkowski | VP Regional Operations | 40 | $415,972 |
| Billy Jackson | VP Regional Operations | 40 | $409,323 |
| Jackie Kenyon | VP Special Litigation | 40 | $374,702 |
| John Sapp | VP Information Security | 40 | $384,599 |
| Matthew Smith | VP Engineering | 40 | $360,123 |
| Nicholas Tsourmas | Medical Director | 30 | $351,155 |
| Rhonda Barker | VP Premium Audit | 40 | $338,216 |
| Ronald Ellis Simmons | Director | 4 | $198,000 |
| Gregory Carter | Chief Transformation Officer | 40 | $200,000 |
| Tommy Dan Phillips | Director | 4 | $135,000 |
| Alexia Selene Elliott | Director | 4 | $105,000 |
| Steven Dudley Oldham | Director | 4 | $105,000 |
| William Francis Quinn | Director | 4 | $130,000 |
| Kristina Rose Koncaba | Director | 4 | $120,000 |
| Brett Baker Flagg | Director | 4 | $120,000 |
| Gary Gibson | Director | 4 | $115,000 |
| Kevin Mart Robnett | Director | 4 | $105,000 |
Recent News & Activity
Recent developments and announcements
Texas Mutual has maintained active grantmaking in recent years:
Texas Mutual to Award $8 Million in Grant Funding to Texas NonprofitsAnnounced $8 million in grant funding for Texas nonprofits in 2026
Texas Mutual to Award $8 Million in Grant Funding to Texas NonprofitsAwarded $4.5 million in grants to support workforce safety in 2024
Texas Mutual Awards $4.5M in Grants to Support Workforce SafetyAwarded over $2 million in safety grants in 2023
Texas Mutual Awards $4.5M in Grants to Support Workforce SafetyProvided $100,000 grant to Amarillo College to boost work safety training programs
Texas Mutual Awards $4.5M in Grants to Support Workforce SafetyThe organization currently maintains three live grant opportunities focused on workforce development, safety training, and emergency responder health and wellness.
Texas Mutual Awards $4.5M in Grants to Support Workforce SafetyData last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Texas Mutual Insurance Company on Grantable?
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