LIFE & HEALTH INSURANCE GUARANTY CORPORATION

EIN: 521240061

ABERDEEN, MD

Total Revenue
$814,944
Total Expenses
$6,549,527
Total Assets
$3,801,779
Net Assets
$3,801,779
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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
MD
Principal Officer
ELIZABETH HOFFMAN
Phone
4102480407
Tax Period
2025-01-01 to 2025-12-31

LIFE & HEALTH INSURANCE GUARANTY CORPORATION, founded in 1971, is a small nonprofit that reported $815K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 704% operating deficit.

Mission

FULFILLS CONTRACTUAL OBLIGATIONS OF INSOLVENT LIFE & HEALTH INSURERS.

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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 $508,076
Investment Income $306,868
Other Revenue $0
TOTAL REVENUE $814,944

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,259
Fundraising Expenses $0
Other Expenses $6,332,268
TOTAL EXPENSES $6,549,527

Year-over-Year Comparison

2025 2024 Change
Revenue $814,944 $35,952,568 -1.0%
Expenses $6,549,527 $31,768,855 -0.8%
Net Income $-5,734,583 $4,183,713 -2.4%
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

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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
10

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
5
$203,574
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AFLAC WORLDWIDE HEADQUARTERS PRESIDENT 1.00
Officer Director
$0 $0 $0
BALTIMORE LIFE INSURANCE CO SECRETARY 1.00
Officer Director
$0 $0 $0
BANNER LIFE INSURANCE COMPANY CHAIR 1.00
Officer Director
$0 $0 $0
CAREFIRST BLUECROSS BLUESHIELD TREASURER 1.00
Officer Director
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 1.00
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 1.00
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 1.00
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 1.00
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 1.00
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 1.00
$0 $0 $0
ELIZABETH HOFFMAN EXECUTIVE DIRECTOR 40.00
Officer
$177,996 $25,578 $203,574
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 $814,944 $6,549,527 $3,801,779 $-5,734,583
2024 $35,952,568 $31,768,855 $9,536,362 $4,183,713
2023 $2,685,165 $825,274 $5,352,649 $1,859,891
2022 $460,100 $544,581 $3,492,758 $-84,481
2021 $600,745 $538,737 $3,577,239 $62,008
2020 $431,619 $578,759 $3,515,231 $-147,140
2019 $566,629 $467,626 $3,662,371 $99,003
2018 $429,713 $469,661 $3,563,368 $-39,948
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