MASSACHUSETTS LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 222994116) - 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

1986

Legal Domicile

Principal Officer

WILLIAM B FISHER ESQ

Phone

4137448483

Tax Period

2024-01-01 to 2024-12-31

MASSACHUSETTS LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1986, is a major nonprofit in the Mutual Benefit sector that reported $120.7M in total revenue in fiscal year 2024. Revenue surged 704% from the prior year, signaling strong growth momentum. Expenses of $133.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PAY CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES LICENSED TO TRANSACT LIFE AND HEALTH INSURANCE IN THE COMMONWEALTH OF MASSACHUSETTS.

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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 $119,920,404

Investment Income $763,675

Other Revenue $154

TOTAL REVENUE $120,684,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,333

Fundraising Expenses $0

Program Expenses $132,836,346

Other Expenses $132,849,125

TOTAL EXPENSES $132,976,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,684,233	$15,001,926	+7.0%
Expenses	$132,976,201	$460,952	+287.5%
Net Income	$-12,291,968	$14,540,974	-1.8%

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

$120,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM B FISHER ESQUIRE	EXECUTIVE DIRECTOR	15.00	Officer	$120,750	$0	$120,750
JOHN DEITELBAUM	CHAIR	1.00	Officer	$0	$0	$0
RICHARD P BOWMAN ESQUIRE	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
GRANT WARD	VICE CHAIR	1.00	Officer	$0	$0	$0
SARAH JAMES	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$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	$120,684,233	$132,976,201	$138,737,098	$-12,291,968
2023	$15,001,926	$460,952	$18,372,444	$14,540,974
2022	$38,283	$401,527	$3,778,679	$-363,244
2021	$749,754	$354,614	$4,101,790	$395,140
2020	$58,536	$390,422	$3,725,351	$-331,886
2019	$671,207	$356,532	$4,061,524	$314,675
2018	$609,165	$310,183	$3,783,336	$298,982

MASSACHUSETTS LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION