New Jersey Life & Health Insurance Guaranty Association

EIN: 223165596

Lincroft, NJ

Total Revenue
$17,656,971
Total Expenses
$7,197,183
Total Assets
$47,608,296
Net Assets
$47,608,296
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NJ
Phone
7323455200
Tax Period
2025-01-01 to 2025-12-31

New Jersey Life & Health Insurance Guaranty Association, founded in 1991, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.5M, a strong 59% operating margin.

Mission

The NJ Life Health Insurance Guaranty Association was established by statute to provide certain protections to policyholders of impaired or insolvent insurers in accordance with NJ Statute 17B32A-1, et seq.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,664,347
Other Revenue $15,992,624
TOTAL REVENUE $17,656,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,573
Fundraising Expenses $0
Other Expenses $6,936,610
TOTAL EXPENSES $7,197,183

Year-over-Year Comparison

2025 2024 Change
Revenue $17,656,971 $33,228,793 -0.5%
Expenses $7,197,183 $38,322,309 -0.8%
Net Income $10,459,788 $-5,093,516 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
2
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
1
$150,800
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Felix Schirripa Executive Director 020.00
Officer
$150,800 $0 $150,800
NY Life Insurance R Bowman Chair 001.00
Director
$0 $0 $0
United Healthcare Ins Co K Ericson Vice-Chair 001.00
Director
$0 $0 $0
Prudential Financial R Quigley Secretary 001.00
Director
$0 $0 $0
MassMutual E Weinstein Treasurer 001.00
Director
$0 $0 $0
Lincoln Life Annuity Co R Gabriel Director 001.00
Director
$0 $0 $0
John Hancock Life Ins Co T Crohan Director 001.00
Director
$0 $0 $0
Horizon Healthcare Services A Walke Director 001.00
Director
$0 $0 $0
Metropolitan Life Ins Co K Cutry Director 001.00
Director
$0 $0 $0
Everlake Life Ins Co S Ekart Director 001.00
Director
$0 $0 $0
AmeriHealth HMO Inc A Young Director 001.00
Director
$0 $0 $0
Aetna Health Inc R Healy Director 001.00
Director
$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 $17,656,971 $7,197,183 $47,608,296 $10,459,788
2024 $33,228,793 $38,322,309 $37,148,508 $-5,093,516
2023 $23,862,082 $947,011 $42,242,024 $22,915,071
2022 $131,716 $23,086,288 $19,326,953 $-22,954,572
2021 $23,961,418 $938,767 $42,281,525 $23,022,651
2020 $458,286 $1,076,257 $19,258,874 $-617,971
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare New Jersey Life & Health Insurance Guaranty Association with other nonprofits in New Jersey and across the country.