OHIO LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 311297832) - 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

1989

Legal Domicile

Principal Officer

SONNI PETERSON

Phone

6144426601

Tax Period

2024-01-01 to 2024-12-31

OHIO LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1989, is a mid-sized nonprofit that reported $52.4M in total revenue in fiscal year 2024. Revenue surged 833% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49.7M, a strong 95% operating margin.

Mission

THE MISSION OF THE OHIO LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE A LEVEL OF PROTECTION FOR CERTAIN OHIO POLICYHOLDERS AGAINST THE INSOLVENCY OF AN INSURANCE COMPANY LICENSED TO SELL THOSE TYPES OF POLICIES IN OHIO WHEN THE COMPANY IS PLACED INTO LIQUIDATION.

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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 $50,707,408

Investment Income $1,653,035

Other Revenue $11

TOTAL REVENUE $52,360,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,031

Fundraising Expenses $0

Other Expenses $2,470,605

TOTAL EXPENSES $2,705,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,360,454	$5,609,554	+8.3%
Expenses	$2,705,636	$1,569,662	+0.7%
Net Income	$49,654,818	$4,039,892	+11.3%

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

$331,514

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES WILSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK FOLTYN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN GRUBER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ROSE	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN DICARMINE	DIRECTOR	0.50	Director	$0	$0	$0
DAN WOLKE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HILL	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN HOWARD	DIRECTOR	0.50	Director	$0	$0	$0
ANTHEA DANIELS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CARROLL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN FISHER	DIRECTOR	0.50	Director	$0	$0	$0
SONNI PETERSON	PRESIDENT	14.00	Officer	$0	$81,150	$331,514

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	$52,360,454	$2,705,636	$78,889,413	$49,654,818
2023	$5,609,554	$1,569,662	$29,149,279	$4,039,892
2022	$851,756	$1,347,176	$24,850,040	$-495,420
2021	$5,036,135	$1,591,952	$25,827,077	$3,444,183
2020	$842,221	$1,710,206	$22,607,788	$-867,985
2019	$1,381,813	$2,735,845	$23,432,532	$-1,354,032
2018	$3,671,532	$3,101,018	$24,669,488	$570,514

OHIO LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION