MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES.
THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY...
THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION with other nonprofits in Minnesota and across the country.