Illinois Life & Health Insurance Guaranty Association

EIN: 363117539

Lisle, IL

Total Revenue
$24,525,841
Total Expenses
$42,837,945
Total Assets
$114,436,331
Net Assets
$103,767,373
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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
1980
Legal Domicile
IL
Principal Officer
Janis D Potter
Phone
7737148050
Tax Period
2025-01-01 to 2025-12-31

Illinois Life & Health Insurance Guaranty Association, founded in 1980, is a mid-sized nonprofit that reported $24.5M in total revenue in fiscal year 2025. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $42.8M exceeded revenue, resulting in a 75% operating deficit.

Mission

Organized in 1980 under Chapter 215 Art XXXIIII12 of the Illinois Insurance Code to assure fulfillment of covered policy obligations

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,841,112
Investment Income $3,684,729
Other Revenue $0
TOTAL REVENUE $24,525,841

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,538,339
Fundraising Expenses $0
Program Expenses $43,000,000
Other Expenses $41,299,606
TOTAL EXPENSES $42,837,945

Year-over-Year Comparison

2025 2024 Change
Revenue $24,525,841 $55,913,593 -0.6%
Expenses $42,837,945 $13,355,113 +2.2%
Net Income $-18,312,104 $42,558,480 -1.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
10
Volunteers
11

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
4
$515,403
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANIS D POTTER Executive Director 40.00
Officer
$453,356 $62,047 $515,403
LILLIAN CILANO Controller 40.00
Highest
$226,874 $35,242 $262,116
DAVID K HILL Chair 1.00
Officer Director
$0 $0 $0
NEIL JACKSON SecretaryTreasurer 1.00
Officer Director
$0 $0 $0
AMY CONDO Vice Chair 1.00
Officer Director
$0 $0 $0
PRUDENTIAL INSURANCE CO Director 1.00
$0 $0 $0
STATE FARM LIFE INSURANCE Director 1.00
$0 $0 $0
PRINCIPAL LIFE INSURANCE Director 1.00
$0 $0 $0
TRUSTMARK INSURANCE CO Director 1.00
$0 $0 $0
NORTHWESTERN MUTUAL LIFE Director 1.00
$0 $0 $0
HEALTHCARE SERVICE CORP Director 1.00
$0 $0 $0
UNITEDHEALTHCARE INSURANCE Director 1.00
$0 $0 $0
COUNTRY LIFE INSURANCE Director 1.00
$0 $0 $0
CVS HEALTH AETNA 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
2025 $24,525,841 $42,837,945 $114,436,331 $-18,312,104
2024 $55,913,593 $13,355,113 $128,658,716 $42,558,480
2023 $14,512,124 $10,963,853 $89,725,084 $3,548,271
2022 $6,114,389 $11,032,282 $82,535,675 $-4,917,893
2021 $45,042,469 $10,777,914 $105,017,420 $34,264,555
2020 $30,272,519 $13,066,002 $89,615,352 $17,206,517
2019 $33,432,522 $54,728,305 $88,508,756 $-21,295,783
2018 $32,191,148 $17,890,525 $71,881,342 $14,300,623
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