NEW HAMPSHIRE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

EIN: 510138977

BEDFORD, NH

Total Revenue
$10,660,178
Total Expenses
$31,866,601
Total Assets
$15,647,337
Net Assets
$15,624,624
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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
1971
Legal Domicile
NH
Principal Officer
JASON MARGUS
Phone
6034723734
Tax Period
2025-01-01 to 2025-12-31

NEW HAMPSHIRE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1971, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2025. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $31.9M exceeded revenue, resulting in a 199% operating deficit.

Mission

NEW HAMPSHIRE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION WAS ESTABLISHED TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF INSOLVENT INSURERS IN ACCORDANCE WITH THE STATE GUARANTY ASSOCIATION ACT.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $500,784
Investment Income $519,518
Other Revenue $9,639,876
TOTAL REVENUE $10,660,178

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,027
Fundraising Expenses $0
Program Expenses $31,866,601
Other Expenses $31,705,574
TOTAL EXPENSES $31,866,601

Year-over-Year Comparison

2025 2024 Change
Revenue $10,660,178 $35,242,018 -0.7%
Expenses $31,866,601 $395,608 +79.6%
Net Income $-21,206,423 $34,846,410 -1.6%
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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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
9

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
3
$132,142
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HANCOCK LIFE INS CO USA REP: AMANDA WEAVER 1.00
Director
$0 $0 $0
NATIONAL LIFE INSURANCE CO REP: DOUGLAS A. WHEELER 1.00
Director
$0 $0 $0
FIDELITY INVESTMENTS LIFE INS REP: LIANE LATHAM 1.00
Director
$0 $0 $0
PROTECTIVE LIFE INS CO REP: GREGORY M. REDMOND 1.00
Director
$0 $0 $0
AFLAC REP: CHRISTOPHER M. BAZZELL 1.00
Director
$0 $0 $0
THE GUARDIAN LIFE INS CO REP: ERIC C. DUPONT 1.00
Director
$0 $0 $0
ANTHEM BLUE CROSS AND BLUE SHIELD REP: JASON MARGUS 1.00
Officer Director
$0 $0 $0
METLIFE INSURANCE CO REP: GARY HENNING 1.00
Officer Director
$0 $0 $0
THE LINCOLN NATIONAL LIFE INS CO REP: JEFF DAVIS 1.00
Director
$0 $0 $0
LAURA A CONDON EXECUTIVE DIRECTOR 40.00
Officer
$127,278 $4,864 $132,142
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 $10,660,178 $31,866,601 $15,647,337 $-21,206,423
2024 $35,242,018 $395,608 $36,853,254 $34,846,410
2023 $1,071,622 $301,253 $2,006,290 $770,369
2022 $4,547 $285,039 $1,234,280 $-280,492
2021 $566,509 $281,174 $1,509,742 $285,335
2020 $16,490 $268,852 $1,224,727 $-252,362
2019 $404,695 $323,027 $1,476,608 $81,668
2018 $816,100 $959,246 $1,395,608 $-143,146
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