GUARANTY ASSOCIATION BENEFITS COMPANY (EIN 453635388) - 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

2011

Legal Domicile

Principal Officer

LYNDA LOOMIS

Phone

2028021917

Tax Period

2024-01-01 to 2024-12-31

GUARANTY ASSOCIATION BENEFITS COMPANY, founded in 2011, is a mid-sized nonprofit in the Community Improvement sector that reported $57.7M in total revenue in fiscal year 2024. The organization ran a surplus of $11.7M, a strong 20% operating margin.

Mission

THE ORGANIZATION OPERATES TO PROTECT, IN ACCORDANCE WITH A COURT-APPROVED LIQUIDATION PLAN, INDIVIDUALS RELYING UPON ANNUITIES ISSUED BY INSOLVENT EXECUTIVE LIFE INSURANCE COMPANY OF NEW YORK, IN FURTHERANCE OF THE COMMON INTERESTS OF THE STATE GUARANTY ASSOCIATIONS AND THEIR MEMBERS.

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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 $0

Investment Income $57,502,462

Other Revenue $225,394

TOTAL REVENUE $57,727,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $504,290

Fundraising Expenses $0

Program Expenses $79,458,304

Other Expenses $45,514,924

TOTAL EXPENSES $46,019,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,727,856	$59,125,067	0.0%
Expenses	$46,019,214	$51,896,875	-0.1%
Net Income	$11,708,642	$7,228,192	+0.6%

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

$504,290

Total Directors

$21,281

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES F DONNELLAN	DIRECTOR-MEMBER ELECTED	1.00	Director	$0	$0	$0
JOHN E DEITELBAUM	DIRECTOR-MEMBER ELECTED	1.00	Director	$0	$0	$0
GERMAINE L MARKS	DIRECTOR-MEMBER ELECTED	1.00	Director	$0	$0	$0
JOHN C COLPEAN	DIRECTOR, CHAIRMAN	12.00	Officer Director	$0	$0	$0
ERIK A ANDERSON	DIRECTOR - MEMBER ELECTED	1.00	Director	$0	$0	$0
MAGARET SPERRY THRU 100824	DIRECTOR - MEMBER ELECTED	1.00	Director	$0	$0	$0
KATHERINE L WADE	DIRECTOR, PRESIDENT	1.00	Officer Director	$20,309	$972	$21,281
AMANDA BARBERA EFF 100924	DIRECTOR - MEMBER ELECTED	1.00	Director	$0	$0	$0
LYNDA G LOOMIS	VICE PRESIDENT OPERATIONS	23.00	Officer	$471,350	$0	$471,350
G THOMAS SULLIVAN	SECRETARY	10.00	Officer	$0	$0	$0
PAMELA E OLSEN	TREASURER	10.00	Officer	$0	$0	$0
MICHAEL MCDONALD	SPECIAL COUNSEL	1.00	Officer	$11,127	$532	$11,659

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
2024	$57,727,856	$46,019,214	$1,263,433,280	$11,708,642
2023	$59,125,067	$51,896,875	$1,367,048,132	$7,228,192
2022	$54,760,541	$44,795,640	$1,517,979,734	$9,964,901
2021	$54,247,522	$45,122,339	$1,687,230,547	$9,125,183
2020	$60,800,855	$46,673,740	$1,654,485,818	$14,127,115
2019	$63,951,811	$57,478,583	$1,563,909,790	$6,473,228
2018	$61,227,282	$57,031,537	$1,504,883,273	$4,195,745

GUARANTY ASSOCIATION BENEFITS COMPANY