Kansas Life and Health Insurance Guaranty Association (EIN 237449582) - 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

Robert Corn

Phone

7852711199

Tax Period

2025-01-01 to 2025-12-31

Kansas Life and Health Insurance Guaranty Association, founded in 1972, is a small nonprofit that reported $715K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 831% operating deficit.

Mission

Protect policyholders of insolvent insurance companies.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $328,825

Investment Income $386,397

Other Revenue $0

TOTAL REVENUE $715,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,458

Fundraising Expenses $0

Other Expenses $6,404,217

TOTAL EXPENSES $6,656,435

Year-over-Year Comparison

	2025	2024	Change
Revenue	$715,222	$29,691,992	-1.0%
Expenses	$6,656,435	$22,489,432	-0.7%
Net Income	$-5,941,213	$7,202,560	-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

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

$189,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aetna Life Insurance Co	Director	0.00	Director	$0	$0	$0
Everlake Life Insurance Co	Director	0.00	Director	$0	$0	$0
American Home Life Insurance Co	Director	0.00	Director	$0	$0	$0
Blue Cross and Blue Shield of Kansa	Director	0.00	Director	$0	$0	$0
Farm Bureau Life Insurance Co	Director	0.00	Director	$0	$0	$0
Kansas City Life Insurance Co	Director	0.00	Director	$0	$0	$0
Mutual of Omaha Insurance Co	Director	0.00	Director	$0	$0	$0
Security Benefit Life Insurance Co	Director	0.00	Director	$0	$0	$0
US Alliance Life and Security Co	Director	0.00	Director	$0	$0	$0
Robert Corn	Chairperson (thru Nov. 2025)	0.00	Officer Director	$0	$0	$0
Shelley King	Chairperson (eff. Nov. 2025)	0.00	Officer Director	$0	$0	$0
Jeff Brown	Treasurer	0.00	Officer Director	$0	$0	$0
Timothy Langland	Administrator	40.00	Officer	$165,000	$24,750	$189,750
Justin McFarland	Vice Chair/Secretary (eff. Nov. 2025)	0.00	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	$715,222	$6,656,435	$9,199,548	$-5,941,213
2024	$29,691,992	$22,489,432	$15,140,761	$7,202,560
2023	$2,149,915	$499,693	$7,938,201	$1,650,222
2022	$248,343	$585,537	$6,287,978	$-337,194
2021	$4,751,218	$508,886	$6,625,172	$4,242,332
2020	$333,075	$602,780	$2,382,840	$-269,705
2019	$3,262,385	$1,828,347	$2,652,545	$1,434,038
2018	$466,862	$824,013	$1,218,507	$-357,151

Kansas Life and Health Insurance Guaranty Association