DISTRICT OF COLUMBIA LIFE & HEALTH… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

ELIZABETH HOFFMAN

Phone

4102480407

Tax Period

2024-10-01 to 2025-09-30

DISTRICT OF COLUMBIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1992, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 350% from the prior year, signaling strong growth momentum. The organization ran a surplus of $489K, a strong 16% operating margin.

Mission

THE ASSOCIATION WAS FORMED PURSUANT TO THE CODE OF THE DISTRICT OF COLUMBIA TO FULFILL CONTRACTUAL OBLIGATIONS TO POLICYHOLDERS, OWNERS AND BENEFICIARIES OF INSOLVENT LIFE AND HEALTH INSURERS.

Program Service Accomplishments

Program 1

Expenses: $2,497,321 Revenue: $0

THE ASSOCIATION IS A DISTRICT OF COLUMBIA STATUTORY ASSOCIATION FORMED PURSUANT TO CHAPTER 54 OF TITLE 31-5401 OF THE CODE OF THE DISTRICT OF COLUMBIA TO PROVIDE PROTECTION FROM FINANCIAL LOSS...

THE ASSOCIATION IS A DISTRICT OF COLUMBIA STATUTORY ASSOCIATION FORMED PURSUANT TO CHAPTER 54 OF TITLE 31-5401 OF THE CODE OF THE DISTRICT OF COLUMBIA TO PROVIDE PROTECTION FROM FINANCIAL LOSS ARISING FROM INSOLVENCY OF INSURERS AND TO ASSESS AND COLLECT SUCH COSTS AMONG INSURERS LICENSED IN THE DISTRICT OF COLUMBIA.

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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 $2,938,539

Investment Income $47,626

Other Revenue $0

TOTAL REVENUE $2,986,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,004

Fundraising Expenses $0

Program Expenses $2,497,321

Other Expenses $2,362,317

TOTAL EXPENSES $2,497,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,986,165	$663,904	+3.5%
Expenses	$2,497,321	$322,047	+6.8%
Net Income	$488,844	$341,857	+0.4%

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

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

$130,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HOFFMAN	EXECUTIVE DIRECTOR	30.00	Officer	$130,417	$0	$130,417
THE UNION LABOR LIFE INS CO	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
PRUDENTIAL FINANCIAL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
GUARDIAN LIFE INSURANCE CORP	OF AMERICA, SECRETARY	0.50	Officer Director	$0	$0	$0
CAREFIRST BLUECROSS BLUESHIELD	TREASURER	0.50	Officer Director	$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.50		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.50		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.50		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.50		$0	$0	$0
N/A	INSTITUTIONAL TRUSTEE	0.50		$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
2025	$2,986,165	$2,497,321	$1,654,667	$488,844
2024	$663,904	$322,047	$1,165,823	$341,857
2023	$503,175	$364,583	$823,966	$138,592
2022	$406,703	$286,690	$685,374	$120,013
2021	$399,336	$222,993	$565,361	$176,343
2020	$404,827	$302,429	$390,018	$102,398
2019	$407,243	$304,099	$286,620	$103,144

DISTRICT OF COLUMBIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION