MISSOURI LIFE AND HEALTH INSURANCE… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

TAMARA W KOPP

Phone

5736348455

Tax Period

2024-01-01 to 2024-12-31

MISSOURI LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1988, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2024. Revenue surged 806% from the prior year, signaling strong growth momentum. Expenses of $25.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE GUARANTY ASSOCIATION PROVIDES LIMITED PROTECTION TO POLICYHOLDERS AND CERTIFICATE HOLDERS OF LIFE, ACCIDENT, HEALTH, AND ANNUITY CONTRACTS AND POLICIES. THE LIMITED PROTECTION IS AVAILABLE TO RESIDENTS OF MISSOURI IN THE EVENT THE INSURANCE COMPANY IS INSOLVENT.

Program Service Accomplishments

Program 1

Expenses: $25,487,371 Revenue: $23,098,850

DURING THE YEAR THE ASSOCIATION PROVIDED PROTECTION TO POLICYHOLDERS OF INSOLVENT INSURERS IN ACCORDANCE WITH MISSOURI STATE STATUTE.

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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 $21,254,560

Investment Income $1,844,050

Other Revenue $240

TOTAL REVENUE $23,098,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $409,958

Fundraising Expenses $0

Program Expenses $25,487,371

Other Expenses $25,077,411

TOTAL EXPENSES $25,487,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,098,850	$2,549,092	+8.1%
Expenses	$25,487,369	$1,208,303	+20.1%
Net Income	$-2,388,519	$1,340,789	-2.8%

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

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

$223,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA MAGRUDER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID HILL	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE CAPPIELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CONI FRIES	BOARD MEMBER	1.00	Director	$0	$0	$0
SONYA EKART	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID MONAGHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRI CUTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL SCHROER	BOARD MEMBER	1.00	Director	$0	$0	$0
MALIKA SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA KOPP	EXECUTIVE DIRECTOR	40.00	Officer	$164,267	$59,040	$223,307
JAMES OETTING	CLAIMS MANAGER	40.00	Highest	$160,076	$26,575	$186,651

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	No data	No data	No data	No data
2024	$23,098,850	$25,487,369	$70,746,473	$-2,388,519
2023	$2,549,092	$1,208,303	$48,937,840	$1,340,789
2022	$1,042,493	$4,260,110	$47,042,990	$-3,217,617
2021	$33,351,825	$1,070,573	$49,452,825	$32,281,252
2020	$774,015	$558,003	$18,170,192	$216,012

MISSOURI LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION