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Guaranteed Asset Protection Alliance
Albany, NY · EIN 204942020 · Form 990 · FY2024 · NTEE S41 · Community Improvement · Small ($100K-$1M) · gapalliance.org
revenue
$688K
expenses
$724K
net assets
$516K
employees
0
program ratio
0%
mission · from form 990

To preserve the viability of its industry, promote fair and equitable regulation of its members and their products, and to continue to offer meaningful options to consumers who choose to purchase this protection.

profile · synthesized from sources

Guaranteed Asset Protection Alliance is a trade association representing providers of Guaranteed Asset Protection (GAP) waivers, which protect auto borrowers from financial loss when a vehicle is totaled or stolen. The organization advocates for fair regulation of GAP products and promotes their value to consumers and lenders. It operates nationally, focusing on policy and industry standards rather than direct consumer services.

named programs · 2 · from sources

What they call their work

GAP Waiver Education
Provides consumer-facing information about the benefits and mechanics of GAP waivers compared to traditional GAP insurance
Industry Advocacy
Works to promote fair and equitable regulation of GAP products and protect the viability of the industry
activities · 5 groups

What they do

  • Regular Membership Meetings 1 activity
    • Facilitating member collaboration and professional development
      Hosts an annual in-person meeting for members to learn, network, and vote on funded projects, and conducts monthly conference calls to share regulatory updates and facilitate discussion among members.
  • Insurance Industry Trade Association 1 activity
    • Lobbying and legislative advocacy for GAP industry interests
      Conducts advocacy efforts in Congress, state legislatures, and media to advance or protect members' collective interests in GAP (Guaranteed Asset Protection) products. Specific campaigns include advocacy for Missouri SB 398 and efforts to expand vehicle protection offerings in additional states.
  • Industry Trade Association Services 1 activity
    • Professional association management services for member organizations
      Offers professional association management services to member organizations in the GAP industry to support their operational effectiveness.
  • Industry Advocacy and Regulatory Engagement 1 activity
    • Providing regulatory compliance resources and support to members
      Provides members with federal and state legislative, regulatory, and litigation updates through weekly summaries, maintains the GAPA Model Act, offers 50-state compliance surveys, and responds to ad hoc member inquiries on regulatory and compliance topics related to GAP products.
  • Uncategorized 3 activities
    • Offering educational guidance on vehicle financial protection and insurance
      Provides educational resources to help consumers and members select appropriate car insurance coverage and understand how GAP products protect personal finances and vehicles.
    • Providing debt cancellation agreements for vehicle loans
      Offers debt cancellation agreements that relieve borrowers from paying the difference between what is owed on a vehicle loan and the amount paid by auto insurance in cases of total loss or theft.
    • Supporting market development for GAP and related financial products
      Brings insurance and financial products to market through collaboration among insurance companies, lenders, and administrative services companies, and provides information about GAP waivers as debt cancellation agreements that cover the difference between a vehicle’s actual cash value and remaining loan balance in cases of total loss or theft.
financials · form 990 · fy2024
revenue
Total revenue$688K
Contributions & grants$00%
Program service revenue$680K99%
Investment income$8K1%
Other revenue$0
expenses
Total expenses$724K
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$537K
Cash$455K
Investments$0
Liabilities$21K
Net assets$516K
Liquid reserves7.5 mo
5 years on record · 2020–2024 · YoY revenue +0.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 4
  • Rob Berger — President
  • Rodney Kuncho — Secretary
  • Rome Shubert — Treasurer
  • Stacy Harris — Vice President
relationships · 7

Who they work with

  • AutoNation Finance Partner — Member organization that has provided a testimonial regarding GAPA's compliance resources and customer service.
  • Guaranteed Asset Protection Alliance Network — Member organization representing the GAP industry
  • JM&A Group Partner — Member organization that has provided a testimonial regarding GAPA's advocacy, compliance insights, and industry leadership.
  • Missouri State Legislature Government — Collaborated with state lawmakers to enact Missouri SB 398, expanding vehicle protection options for consumers.
  • administrative services companies Partner — Collaborates with administrative services companies to bring financial products to market
  • insurance companies Partner — Collaborates with insurance companies to bring financial products to market
  • lenders Partner — Collaborates with lenders to bring financial products to market
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Consumer Transparency and Solvency Requirements for Market Trust
    methodology: consumer-transparency-and-solvency
    By enforcing mandatory product disclosures and financial solvency requirements, the organization strengthens consumer protection, because transparency and provider accountability ensure consumers can trust that promised benefits will be fulfilled.
  • Cross-Sector Collaboration to Develop Responsible Financial Products
    methodology: cross-sector_collaboration
    By collaborating across insurance, lending, and administrative services sectors, the organization develops and delivers responsible, competitive financial products, because integrating expertise and systems across industries enables more resilient and consumer-aligned product design.
  • Debt Cancellation as Consumer Financial Protection
    methodology: debt_cancellation
    By offering debt cancellation agreements—such as GAP waivers—the organization protects borrowers from financial liability when vehicle insurance does not cover the full loan balance after a total loss, because structured contractual waivers directly eliminate consumer debt exposure in high-risk scenarios.
  • Member-Driven Governance for Organizational Alignment
    methodology: member_driven_governance
    By using member voting to set priorities and fund projects, the organization ensures its activities reflect collective member interests, because democratic governance increases legitimacy and strategic alignment within a membership-based alliance.
  • Regulatory Advocacy for Industry Sustainability and Consumer Protection
    methodology: regulatory-advocacy
    By advocating for fair and equitable regulation, the organization ensures both the long-term sustainability of the GAP industry and the protection of consumers, because balanced regulatory frameworks prevent market instability while expanding access to essential financial protections.