CONNECTICUT LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 060960237) - 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

1972

Legal Domicile

Principal Officer

JESSICA WALKER

Phone

4754225235

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $43.4M in total revenue in fiscal year 2024. Revenue surged 1100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42.5M, a strong 98% operating margin.

Mission

PROVIDE PROTECTION TO CT RESIDENTS, AND TO NON-RESIDENTS IN LIMITED CIRCUMSTANCES, WHO ARE HOLDERS OF LIFE AND HEALTH INSURANCE POLICIES, ANNUITIES, AND HMO CONTRACTS WITH INSOLVENT INSURERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $42,990,068

Investment Income $379,753

Other Revenue $0

TOTAL REVENUE $43,369,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,804

Fundraising Expenses $0

Other Expenses $713,636

TOTAL EXPENSES $896,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,369,821	$3,615,648	+11.0%
Expenses	$896,440	$374,835	+1.4%
Net Income	$42,473,381	$3,240,813	+12.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARTFORD LIFE ACC INS CO-TB	CHAIR (THRU 06/2024)	1.00	Officer Director	$0	$0	$0
AETNA LIFE INSURANCE CO - RH	VC (THRU 06/24)/CHAIR (AS OF 06/24)	1.00	Officer Director	$0	$0	$0
MA MUTUAL LIFE INS CO - EW	SEC/TRES (THRU 6/24)/VC (AS OF 6/24)	1.00	Officer Director	$0	$0	$0
ANTHEM HEALTH PLANS INC - CC	SECRETARY/TREASURER (AS OF 06/2024)	1.00	Officer Director	$0	$0	$0
VOYA RETIREMENT INS ANN CO-EB	DIRECTOR (THRU 04/2024)	1.00	Director	$0	$0	$0
UNITED HEALTHCARE INS CO - KE	DIRECTOR	1.00	Director	$0	$0	$0
PRUDENTIAL INS CO OF AMERICA-MM	DIRECTOR (THRU 04/2024)	1.00	Director	$0	$0	$0
METROPOLITAN LIFE INS CO - DR	DIRECTOR	1.00	Director	$0	$0	$0
CIGNA HEALTH LIFE INS CO-HW	DIRECTOR	1.00	Director	$0	$0	$0
HARTFORD LIFE ACCIDENT INS-MF	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
PRUDENTIAL INS CO OF AMERICA-HB	DIRECTOR (AS OF 04/2024)	1.00	Director	$0	$0	$0
VOYA RETIREMENT INS ANN CO-EL	DIRECTOR (AS OF 04/2024)	1.00	Director	$0	$0	$0
TALCOTT RESOLUTION LIFE INS-BD	DIRECTOR (AS OF 06/2024)	1.00	Director	$0	$0	$0
JESSICA WALKER	EXECUTIVE DIRECTOR	35.00	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
2024	$43,369,821	$896,440	$47,008,475	$42,473,381
2023	$3,615,648	$374,835	$4,535,094	$3,240,813
2022	$27,575	$406,080	$1,494,980	$-378,505
2021	$54,049	$290,254	$1,865,303	$-236,205
2020	$1,812,382	$358,258	$2,093,651	$1,454,124
2019	$3,326,191	$20,366,925	$2,434,767	$-17,040,734
2018	$3,353,399	$383,844	$22,221,356	$2,969,555

CONNECTICUT LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION