IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 421305718) - 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

1987

Legal Domicile

Principal Officer

MATTHEW C AHMANN

Phone

5152833126

Tax Period

2024-07-01 to 2025-06-30

IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1987, is a mid-sized nonprofit that reported $20.6M in total revenue in fiscal year 2024. Revenue surged 2095% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 18% operating margin.

Mission

TO PROVIDE FUNDS FOR THE SETTLEMENT OF COVERED CLAIMS AGAINST IMPAIRED OR INSOLVENT MEMBER INSURERS AS DIRECTED UNDER THE IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT, CODE OF IOWA, CHAPTER 508C.

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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 $19,973,535

Investment Income $660,806

Other Revenue $0

TOTAL REVENUE $20,634,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $869,297

TOTAL EXPENSES $16,877,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,634,341	$939,957	+21.0%
Expenses	$16,877,347	$812,437	+19.8%
Net Income	$3,756,994	$127,520	+28.5%

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
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
MATTHEW AHMANN	CHAIR	1.00	Officer	$0	$0	$0
SARAH S JAMES	VICE CHAIR	1.00	Officer	$0	$0	$0
CHRISTA D KUENNEN	TREASURER	1.00	Officer	$0	$0	$0
JAMES C FRASHER	SECRETARY	1.00	Officer	$0	$0	$0
G THOMAS SULLIVAN	EXECUTIVE DIRECTOR	30.00	Officer	$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	$20,634,341	$16,877,347	$24,418,657	$3,756,994
2024	$939,957	$812,437	$16,034,351	$127,520
2023	$5,104,875	$944,489	$15,868,080	$4,160,386
2022	$10,389,227	$10,939,237	$11,629,327	$-550,010
2021	$17,558,418	$14,957,808	$12,579,955	$2,600,610
2020	$13,202,461	$15,584,383	$9,905,144	$-2,381,922
2019	$18,683,842	$18,629,794	$12,086,828	$54,048

IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION