MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 411333903) - 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

1977

Legal Domicile

Principal Officer

PAMELA OLSEN

Phone

6123228713

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1977, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2025. Revenue surged 2003% from the prior year, signaling strong growth momentum. Expenses of $18.3M exceeded revenue, resulting in a 57% operating deficit.

Mission

PROTECT PEOPLE AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,517,154

Investment Income $154,258

Other Revenue $0

TOTAL REVENUE $11,671,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,971

Fundraising Expenses $0

Other Expenses $18,179,130

TOTAL EXPENSES $18,306,101

Year-over-Year Comparison

	2025	2024	Change
Revenue	$11,671,412	$554,896	+20.0%
Expenses	$18,306,101	$383,607	+46.7%
Net Income	$-6,634,689	$171,289	-39.7%

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

$120,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY BEAUDRY	CHAIR	0.50	Officer Director	$0	$0	$0
ANGELA HOLLAN	DIRECTOR	0.30	Director	$0	$0	$0
CARLY COLE	DIRECTOR	0.30	Director	$0	$0	$0
JOY HIGA	DIRECTOR	0.30	Director	$0	$0	$0
SARA HREHA	SECRETARY/TREASURER & DIRE	0.30	Director	$0	$0	$0
PAULA MINELLA	DIRECTOR	0.30	Director	$0	$0	$0
KERI O'BRIEN	VICE CHAIR	0.50	Director	$0	$0	$0
SARAH JAMES	DIRECTOR	0.30	Director	$0	$0	$0
LAURA HANSON	DIRECTOR	0.30	Director	$0	$0	$0
PAMELA OLSEN	EXECUTIVE DIRECTOR	32.00	Officer	$120,086	$0	$120,086

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	$11,671,412	$18,306,101	$20,258,904	$-6,634,689
2024	$554,896	$383,607	$16,542,087	$171,289
2023	$618,123	$361,098	$16,370,798	$257,025
2022	$804	$304,870	$16,113,773	$-304,066
2021	$81,261	$277,513	$16,417,839	$-196,252
2020	$655,733	$295,870	$16,614,091	$359,863
2019	$76,332	$353,277	$16,254,228	$-276,945
2018	$793,069	$362,495	$16,531,173	$430,574

MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION