NATIONAL ORG OF LIFE AND HEALTH IN… - 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

1996

Legal Domicile

Principal Officer

Keith Sheridan

Phone

7037874114

Tax Period

2025-01-01 to 2025-12-31

NATIONAL ORG OF LIFE AND HEALTH INS GUARANTY ASSOC, founded in 1996, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2025.

Mission

NOLHGA is a voluntary organization of the life and health insurance guaranty associations of all 50 states and the District of Columbia. It was principally formed for the purpose of coordinating and representing its member guaranty associations interests in multi-state insurer insolvencies.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

During the year NOLHGA collected and disseminated information related to life and health insurance company impairments and insolvencies. It served as a national clearinghouse for the transfer of...

During the year NOLHGA collected and disseminated information related to life and health insurance company impairments and insolvencies. It served as a national clearinghouse for the transfer of funds and the resolution of issues and problems facing life and health insurance companies. It provided a forum for analysis of operational issues for members. NOLHGA acted on behalf of its member state guaranty associations to arrange claims processing collect and analyze reinsurance bids and coordinate audits of impaired or insolvent companies financial status performed by outside firms. NOLHGA provided publications such as the NOLHGA Wire the NOLHGA Journal GA Update the NOLHGA Year-End Report to the Membership insolvency updates assessment information insolvency statistics membership directories and the like.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,331,676

Investment Income $130,898

Other Revenue $8,800

TOTAL REVENUE $7,471,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,070,640

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,350,585

TOTAL EXPENSES $7,421,225

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,471,374	$7,499,903	0.0%
Expenses	$7,421,225	$7,538,815	0.0%
Net Income	$50,149	$-38,912	-2.3%

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

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

$2,142,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joy Higa	Immediate Past Chair	4.00	Director	$0	$0	$0
John Deitelbaum	Chair	4.00	Director	$0	$0	$0
Todd Thakar	Secretary	4.00	Director	$0	$0	$0
Christine Cappiello	Vice Chair	4.00	Director	$0	$0	$0
Joseph Cohen	Director	4.00	Director	$0	$0	$0
Amanda Barbera	MPC Chair	4.00	Director	$0	$0	$0
Richard Bowman	Director	4.00	Director	$0	$0	$0
Nicholas Gerhart	Director	4.00	Director	$0	$0	$0
Nancy Margolis	Director	4.00	Director	$0	$0	$0
Eric DuPont	Director	4.00	Director	$0	$0	$0
Pamela Epp Olsen	Director	4.00	Director	$0	$0	$0
Robert Healy	Director	4.00	Director	$0	$0	$0
Julie Mix McPeak	Treasurer	4.00	Director	$0	$0	$0
Lindsay Crawford	AVP Insolvency Management	45.00	Highest	$191,199	$64,873	$256,072
William O'Sullivan	Senior Vice President General Counsel	45.00	Officer	$556,977	$80,806	$637,783
Keith Sheridan	Vice President Accounting and Finance	45.00	Officer	$315,740	$62,029	$377,769
Katharine Wade	President	45.00	Officer	$807,167	$36,717	$843,884
Joni Forsythe	Associate General Counsel	45.00	Highest	$306,318	$62,084	$368,402
Michael McDonald	Senior Counsel	45.00	Highest	$290,624	$75,147	$365,771
Sean McKenna	Director of Communications	45.00	Highest	$207,278	$65,682	$272,960
Daniel Hicks	Director of Information Systems	45.00	Highest	$216,020	$20,547	$236,567
Jennifer Webb	Chief of Staff	45.00	Officer	$255,027	$28,499	$283,526

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	$7,471,374	$7,421,225	$668,759,378	$50,149
2024	$7,499,903	$7,538,815	$423,181,943	$-38,912
2023	$7,761,549	$8,294,400	$16,679,124	$-532,851
2022	$6,898,114	$7,237,159	$15,413,326	$-339,045
2021	$6,345,188	$6,765,315	$20,054,477	$-420,127
2020	$5,871,875	$5,846,822	$27,138,702	$25,053

NATIONAL ORG OF LIFE AND HEALTH INS GUARANTY ASSOC