DISTRICT OF COLUMBIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION

EIN: 521802508

ABERDEEN, MD

Total Revenue
$2,986,165
Total Expenses
$2,497,321
Total Assets
$1,654,667
Net Assets
$1,654,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
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

TO PAY COVERED OBLIGATIONS OF INSOLVENT LIFE, HEALTH, OR ANNUITY INSURANCE COMPANIES.

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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 (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

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Governance

Voting Members
9
Independent Members
9
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
5
$130,417
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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