SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION

EIN: 570650179

LEXINGTON, SC

Total Revenue
$11,762,396
Total Expenses
$17,757,681
Total Assets
$49,395,915
Net Assets
$49,395,915
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
SC
Principal Officer
JOHN GARRISON
Phone
8392059642
Tax Period
2025-01-01 to 2025-12-31

SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1972, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2025. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $17.8M exceeded revenue, resulting in a 51% operating deficit.

Mission

IN ACCORDANCE WITH SC LAW, THE ORGANIZATION'S PURPOSE IS TO GUARANTEE BENEFITS AND CONTINUATION OF COVERED LIFE, HEALTH, ACCIDENT AND ANNUITY CONTRACTS WHEN INSURERS ISSUING SUCH POLICIES OR CONTRACTS BECOME INSOLVENT AND ARE UNDER A FINAL ORDER TO LIQUIDATE OR TO REHABILITATE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,512,637
Investment Income $1,249,759
Other Revenue $0
TOTAL REVENUE $11,762,396

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,757,681
Other Expenses $17,757,681
TOTAL EXPENSES $17,757,681

Year-over-Year Comparison

2025 2024 Change
Revenue $11,762,396 $29,830,247 -0.6%
Expenses $17,757,681 $6,319,307 +1.8%
Net Income $-5,995,285 $23,510,940 -1.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A MEMBER 1.00
$0 $0 $0
N/A MEMBER 1.00
$0 $0 $0
N/A MEMBER 1.00
$0 $0 $0
N/A MEMBER 1.00
$0 $0 $0
N/A MEMBER 1.00
$0 $0 $0
N/A MEMBER 1.00
$0 $0 $0
ATHENE ANNUITY AND LIFE ASSUR CO CHAIRMAN 2.00
Officer
$0 $0 $0
ATLANTIC COAST LIFE INSURANCE CO VICE CHAIRMAN 1.00
Officer
$0 $0 $0
BLUECROSS BLUESHIELD OF SOUTH CAROL TREASURER 1.00
Officer
$0 $0 $0
COLONIAL LIFE AND ACCIDENT INS SECRETARY 1.00
Officer
$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 $11,762,396 $17,757,681 $49,395,915 $-5,995,285
2024 $29,830,247 $6,319,307 $55,391,200 $23,510,940
2023 $3,715,967 $3,108,898 $31,880,260 $607,069
2022 $996,848 $2,558,799 $31,273,191 $-1,561,951
2021 $1,392,454 $2,328,274 $32,835,142 $-935,820
2020 $11,922,645 $1,887,472 $33,770,962 $10,035,173
2019 $2,109,665 $2,322,629 $23,735,789 $-212,964
2018 $7,318,440 $2,706,542 $23,948,753 $4,611,898
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