DELAWARE LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION

EIN: 222451259

NEWARK, DE

Total Revenue
$13,158,703
Total Expenses
$11,029,664
Total Assets
$5,483,608
Net Assets
$5,483,608
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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
1983
Legal Domicile
DE
Principal Officer
BARRY MILLER
Phone
3024563656
Tax Period
2024-01-01 to 2024-12-31

DELAWARE LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1983, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2024. Revenue surged 847% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 16% operating margin.

Mission

TO PROTECT PERSONS SPECIFIED IN THE DELAWARE INSURANCE CODE AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTURAL OBLIGATIONS, UNDER CERTAIN INSURANCE POLICIES AND ANNUITY CONTRACTS BECAUSE OF THE IMPAIRMENT OR INSOLVENCY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,994,734
Investment Income $163,969
Other Revenue $0
TOTAL REVENUE $13,158,703

Expense Breakdown

Grants Paid $600,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,875,686
Other Expenses $319,153
TOTAL EXPENSES $11,029,664

Year-over-Year Comparison

2024 2023 Change
Revenue $13,158,703 $1,389,192 +8.5%
Expenses $11,029,664 $1,165,417 +8.5%
Net Income $2,129,039 $223,775 +8.5%
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

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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY MILLER EXECUTIVE DI N/A
Officer
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
N/A DIRECTOR N/A
Director
$0 $0 $0
GUARDIAN LIFE INS CO OF AMERICA DIRECTOR N/A
Director
$0 $0 $0
JONATHAN W RENFREW SECRETARY - N/A
Officer
$0 $0 $0
JOHN DEITELBAUM CHAIRMAN N/A
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 $13,158,703 $11,029,664 $5,483,608 $2,129,039
2023 $1,389,192 $1,165,417 $3,354,569 $223,775
2022 $128,985 $1,132,410 $3,130,794 $-1,003,425
2021 $464,850 $838,583 $4,166,177 $-373,733
2020 $323,873 $810,586 $4,507,952 $-486,713
2019 $619,390 $829,916 $4,994,665 $-210,526
2018 $628,000 $2,980,654 $5,202,336 $-2,352,654
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