Fargo, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)North Dakota Life and Health Insurance Guaranty As, founded in 1983, is a small nonprofit that reported $191K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $275K exceeded revenue, resulting in a 44% operating deficit.
Provide financial benefits for claims submitted by No.Dak. residents who are policyholders and beneficiaries of contracts issued by insolvent insurance companies licensed to do business in North Dakota under life, accident, health, disability, long-term care and annuity contracts
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $190,630 | $304,795 | -0.4% |
| Expenses | $275,377 | $249,860 | +0.1% |
| Net Income | $-84,747 | $54,935 | -2.5% |
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 |
|---|---|---|---|---|---|---|
| David Breuer | Executive Director | 6.60 |
Officer
|
$43,351 | $0 | $43,351 |
| Tracy Arney | UnitedHealthcare Insurance Co | 0.20 |
|
$0 | $0 | $0 |
| Laura Haines | The Guardian Life Ins Co of A | 0.20 |
|
$0 | $0 | $0 |
| Devin Smith | Pacific Life Insurance Compan | 0.20 |
|
$0 | $0 | $0 |
| Brian Maude | Sanford Health Plan | 0.20 |
|
$0 | $0 | $0 |
| Jennifer Webb | Pacific Life Insurance Compan | 0.20 |
|
$0 | $0 | $0 |
| James Harrison | Principal Life Insurance Comp | 0.20 |
|
$0 | $0 | $0 |
| Justin Ugent | Northwestern Mutual Life Ins | 0.20 |
Officer
|
$0 | $0 | $0 |
| Cyndee Thormodson | Blue Cross Blue Shield of ND | 0.30 |
Officer
|
$0 | $0 | $0 |
| John Baumgardner II | Standard Insurance Company | 0.20 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $190,630 | $275,377 | $3,854,717 | $-84,747 |
| 2023 | $304,795 | $249,860 | $3,939,464 | $54,935 |
| 2022 | $5,636 | $205,197 | $3,884,529 | $-199,561 |
| 2021 | $4,383,683 | $573,718 | $4,084,090 | $3,809,965 |
| 2020 | $849,719 | $683,795 | $274,125 | $165,924 |
Compare North Dakota Life and Health Insurance Guaranty As with other nonprofits in North Dakota and across the country.