NORTH CAROLINA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 561208068) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

Bradley E Taman

Phone

9198336838

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1974, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2025. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $39.0M exceeded revenue, resulting in a 131% operating deficit.

Mission

The Gty Assoc was established to provide certain protections to NC policyholders of insolvent insurers per NCGS 58-62

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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 $14,233,042

Investment Income $2,618,074

Other Revenue $22,935

TOTAL REVENUE $16,874,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,022,551

Other Expenses $39,022,551

TOTAL EXPENSES $39,022,551

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,874,051	$91,937,085	-0.8%
Expenses	$39,022,551	$32,447,695	+0.2%
Net Income	$-22,148,500	$59,489,390	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mathias Bishop	Director	1	Director	$0	$0	$0
Sandra Johnson	Director	1	Director	$0	$0	$0
N/A	Board Member	1		$0	$0	$0
N/A	Board Member	1		$0	$0	$0
N/A	Board Member	1		$0	$0	$0
N/A	Board Member	1		$0	$0	$0
N/A	Board Member	1		$0	$0	$0
N/A	Chair	3	Officer	$0	$0	$0
N/A	Vice Chair	3	Officer	$0	$0	$0
N/A	Treasurer	3	Officer	$0	$0	$0
N/A	Secretary	3	Officer	$0	$0	$0
Bradley E Taman	Executive Director	40	Key Emp	$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	$16,874,051	$39,022,551	$61,803,272	$-22,148,500
2024	No data	No data	No data	No data
2023	$10,535,567	$5,662,026	$24,462,382	$4,873,541
2022	$2,077,922	$1,229,829	$19,588,841	$848,093
2021	$2,298,655	$1,506,543	$18,740,748	$792,112
2020	$1,087,909	$1,585,947	$17,948,636	$-498,038

NORTH CAROLINA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION