KENTUCKY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 610942509) - 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

1978

Legal Domicile

Principal Officer

JANA LEE PRUITT ESQ

Phone

5028955915

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1978, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2024. Revenue surged 12855% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28.8M, a strong 72% operating margin.

Mission

THE KENTUCKY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION WAS ESTABLISHED TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF IMPAIRED OR INSOLVENT MEMBER INSURERS IN ACCORDANCE WITH KENTUCKY REVISED STATUTE 304 SUBTITLE 42.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,903,236

Investment Income $192,339

Other Revenue $0

TOTAL REVENUE $40,095,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,638

Fundraising Expenses $0

Other Expenses $401,703

TOTAL EXPENSES $11,298,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,095,575	$309,489	+128.6%
Expenses	$11,298,722	$1,095,946	+9.3%
Net Income	$28,796,853	$-786,457	-37.6%

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

$116,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	1.00		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
N/A	VICE CHAIRMAN	0.50		$0	$0	$0
N/A	SECRETARY/TREASURER	0.50		$0	$0	$0
N/A	DIRECTOR	0.50		$0	$0	$0
JANA LEE PRUITT	EXECUTIVE DIRECTOR	12.00	Officer	$116,638	$0	$116,638

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	No data	No data	No data	No data
2024	$40,095,575	$11,298,722	$41,495,192	$28,796,853
2023	$309,489	$1,095,946	$12,698,339	$-786,457
2022	$2,154	$1,257,720	$13,484,796	$-1,255,566
2021	$2,416,553	$757,819	$14,740,362	$1,658,734
2020	$24,029	$1,122,367	$13,081,628	$-1,098,338
2019	$10,711	$1,335,260	$14,179,966	$-1,324,549
2018	$11,942	$1,324,722	$15,504,515	$-1,312,780

KENTUCKY LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION