VT LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 030260123) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

ROBERT BURKE

Phone

8022293553

Tax Period

2023-01-01 to 2023-12-31

VT LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1971, is a small nonprofit that reported $204K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROTECTION FOR VERMONT POLICY HOLDERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $162,596

Investment Income $41,782

Other Revenue $0

TOTAL REVENUE $204,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,950

Fundraising Expenses $0

Other Expenses $145,594

TOTAL EXPENSES $239,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,378	$510,275	-0.6%
Expenses	$239,544	$215,889	+0.1%
Net Income	$-35,166	$294,386	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$93,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BURKE	ADMINISTRATOR	4.00	Officer	$79,500	$0	$79,500
RICHARD BROCKWAY FORMER	Treasurer	4.00	Officer	$14,450	$0	$14,450
ALEX BOGDANOV	Director	0.25	Director	$0	$0	$0
DOUGLAS WHEELER	Director	0.25	Director	$0	$0	$0
BRIAN LEMEK FORMER	Treasurer	0.25	Officer Director	$0	$0	$0
GREGORY REDMOND	Director	0.25	Director	$0	$0	$0
GARY HENNING	Director	0.25	Director	$0	$0	$0
THOMAS CROHAN	Director	0.25	Director	$0	$0	$0
SEAN QUINN	Director	0.25	Director	$0	$0	$0
CARRIE HARTGEN	Director	0.25	Director	$0	$0	$0
SHERRY GILLESPIE	Treasurer	1.00	Officer Director	$0	$0	$0
CHRISTOPHER ZIMMERMAN	Chairman	0.50	Officer Director	$0	$0	$0
CARLA LAWRENCE	Secretary	4.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$204,378	$239,544	$966,968	$-35,166
2022	$510,275	$215,889	$1,002,134	$294,386
2021	$13,644	$199,711	$707,748	$-186,067
2020	$2,691	$203,226	$893,815	$-200,535
2019	$618,229	$203,425	$1,094,350	$414,804
2018	$5,049,959	$315,802	$679,546	$4,734,157

VT LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION