INDIANA LIFE & HEALTH INS GUARANTY ASSOC (EIN 351444018) - 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

1978

Legal Domicile

Principal Officer

AMANDA BARBERA

Phone

3176368204

Tax Period

2023-01-01 to 2023-12-31

INDIANA LIFE & HEALTH INS GUARANTY ASSOC, founded in 1978, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 4103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 62% operating margin.

Mission

THE INDIANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ("ASSOCIATION") WAS ESTABLISHED TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES IN ACCORDANCE WITH INDIANA CODE 27-8-8.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,929,419

Investment Income $242,875

Other Revenue $0

TOTAL REVENUE $2,172,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $822,369

TOTAL EXPENSES $822,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,172,294	$51,687	+41.0%
Expenses	$822,369	$634,935	+0.3%
Net Income	$1,349,925	$-583,248	-3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA BARBERA	EXECUTIVE DIRECTOR	15.00	Director	$0	$0	$0
N/A	CHAIR	1.00		$0	$0	$0
N/A	VICE CHAIR	0.50		$0	$0	$0
N/A	SECRETARY/TREASURER	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$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	No data	No data	No data	No data
2023	$2,172,294	$822,369	$8,627,618	$1,349,925
2022	$51,687	$634,935	$7,173,989	$-583,248
2021	$3,732,037	$642,293	$7,840,922	$3,089,744
2020	$119,722	$601,823	$4,777,550	$-482,101
2019	$11,335	$680,477	$5,247,167	$-669,142
2018	$68,828	$17,857,224	$5,900,632	$-17,788,396

INDIANA LIFE & HEALTH INS GUARANTY ASSOC