SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

EIN: 460418983

SIOUX FALLS, SD

Total Revenue
$6,142,025
Total Expenses
$541,185
Total Assets
$9,139,033
Net Assets
$9,139,033
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
SD
Principal Officer
CHARLES GULLICKSON
Phone
6053362880
Tax Period
2024-01-01 to 2024-12-31

SOUTH DAKOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1989, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2018.

Mission

PROVIDE BENEFITS TO POLICY OWNERS OF ANNUITY, LIFE, ACCIDENT AND HEALTH, AND SUPPLEMENTAL POLICIES OR CONTRACTS OF IMPAIRED OR INSOLVENT INSURER MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,986,157
Investment Income $155,868
Other Revenue $0
TOTAL REVENUE $6,142,025

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $541,185
TOTAL EXPENSES $541,185

Year-over-Year Comparison

2024 2023 Change
Revenue $6,142,025 $2,821,369 +1.2%
Expenses $541,185 $501,111 +0.1%
Net Income $5,600,840 $2,320,258 +1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CORN - MUTUAL OF OMAHA CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JAMES HARRISON - PRINCIPAL LIFE VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTA KUENNEN - WELLMARK OF SD SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
ALEX D'AGOSTINO - NEW YORK LIFE DIRECTOR 1.00
Director
$0 $0 $0
EDWARD DONAHUE - AMER FAMILY LIFE ASSURANCE CO. OF COLUMBUS DIRECTOR 1.00
Director
$0 $0 $0
PAULA MINELLA - RIVERSOURCE LIFE DIRECTOR 1.00
Director
$0 $0 $0
ERIC DUPONT - THE GUARDIAN LIFE DIRECTOR 1.00
Director
$0 $0 $0
JESSICA DEWALD-SEVER - AMER MEMORIA LIFE INSURANCE CO. DIRECTOR 1.00
Director
$0 $0 $0
CHARLES D GULLICKSON EXECUTIVE DIRECTOR 17.00
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
2024 $6,142,025 $541,185 $9,139,033 $5,600,840
2023 $2,821,369 $501,111 $3,538,193 $2,320,258
2022 $7,789,068 $7,310,599 $1,217,935 $478,469
2021 $7,515,713 $7,331,459 $739,466 $184,254
2020 $7,676,791 $7,425,911 $555,212 $250,880
2019 $7,683,062 $7,571,869 $304,332 $111,193
2018 $7,064,106 $7,552,810 $193,139 $-488,704
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