NATIONAL ORG OF LIFE AND HEALTH INS GUARANTY ASSOC

EIN: 541827452

HERNDON, VA

Total Revenue
$7,499,903
Total Expenses
$7,538,815
Total Assets
$423,181,943
Net Assets
$6,076,694
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
Keith Sheridan
Phone
7037874114
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ORGANIZATION OF LIFE AND HEALTH INSURANCE GUARANTY ASSOCS, founded in 1996, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2020. Revenue decreased 9% compared to the prior year.

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.

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Trantor Score

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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 $7,219,214
Investment Income $271,889
Other Revenue $8,800
TOTAL REVENUE $7,499,903

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,198,594
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,340,221
TOTAL EXPENSES $7,538,815

Year-over-Year Comparison

2024 2023 Change
Revenue $7,499,903 $7,761,549 0.0%
Expenses $7,538,815 $8,294,400 -0.1%
Net Income $-38,912 $-532,851 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
20
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
6
$2,786,473
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joy Higa Chair 4.00
Director
$0 $0 $0
John Deitelbaum Vice Chair 4.00
Director
$0 $0 $0
Todd Thakar Secretary 4.00
Director
$0 $0 $0
Christine Cappiello Treasurer 4.00
Director
$0 $0 $0
Germaine Marks Immediate Past Chair 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
Nancy Davenport Director 4.00
Director
$0 $0 $0
James Frasher 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
Frank Knighton Jr Director 4.00
Director
$0 $0 $0
Julie Mix McPeak Director 4.00
Director
$0 $0 $0
Michael Heard Executive Vice President Chief Operating Officer 45.00
Officer
$369,335 $16,415 $385,750
William O'Sullivan Senior Vice President General Counsel 45.00
Officer
$559,391 $78,057 $637,448
Holly Wilding Vice President Administrative Services 45.00
Officer
$359,399 $50,191 $409,590
Keith Sheridan Vice President Accounting and Finance 45.00
Officer
$302,491 $58,506 $360,997
Katharine Wade President 45.00
Officer
$649,042 $36,342 $685,384
Joni Forsythe Associate General Counsel 45.00
Highest
$296,687 $68,405 $365,092
Michael McDonald Senior Counsel 45.00
Highest
$275,225 $70,897 $346,122
Augusto Estrada Director of Finance and Controller 45.00
Highest
$289,883 $63,133 $353,016
Sean McKenna Director of Communications 45.00
Highest
$188,820 $59,983 $248,803
Daniel Hicks Director of Information Systems 45.00
Highest
$190,429 $17,443 $207,872
Peter Gallanis President 45.00
$157,551 $0 $157,551
Jennifer Webb Chief of Staff 45.00
Officer
$303,389 $3,915 $307,304
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
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
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