TENNESSEE LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 621400862) - 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

1989

Legal Domicile

Principal Officer

RANDY FOSTER

Phone

6152428758

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1989, is a mid-sized nonprofit that reported $71.1M in total revenue in fiscal year 2024. Revenue surged 1144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64.1M, a strong 90% operating margin.

Mission

THE ASSOCIATION WAS CREATED BY TENNESSEE LAW TO PROVIDE A SAFETY NET OF COVERAGE FOR TENNESSEE RESIDENTS WHO ARE COVERED UNDER LIFE INSURANCE POLICIES, HEALTH INSURANCE POLICIES, OR ANNUITIES ISSUED BY INSURANCE COMPANIES THAT BECOME INSOLVENT. ALL LIFE AND HEALTH INSURANCE COMPANIES LICENSED TO CONDUCT BUSINESS IN TENNESSEE ARE REQUIRED TO BE MEMBERS OF THE ASSOCIATION. THE ASSOCIATION'S EXPENSES AND BENEFITS ARE FUNDED BY ASSESSMENTS LEVIED ON MEMBER COMPANIES.

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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 $491,846

Investment Income $1,435,219

Other Revenue $69,160,309

TOTAL REVENUE $71,087,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $883,481

TOTAL EXPENSES $7,033,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,087,374	$5,715,618	+11.4%
Expenses	$7,033,943	$1,882,697	+2.7%
Net Income	$64,053,431	$3,832,921	+15.7%

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
D RANDALL FOSTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JULIE BOWLING	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MIKE GRAHAM	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DAKASHA WINTON	DIRECTOR	0.50	Director	$0	$0	$0
JEFF TINDALL	DIRECTOR	0.50	Director	$0	$0	$0
HUGH BARRETT	DIRECTOR	0.50	Director	$0	$0	$0
LYDIA MESSINA	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HALEY	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SIMKINS	DIRECTOR	0.50	Director	$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
2024	$71,087,374	$7,033,943	$116,158,117	$64,053,431
2023	$5,715,618	$1,882,697	$51,003,375	$3,832,921
2022	$313,188	$560,071	$45,795,755	$-246,883
2021	$2,826,353	$643,232	$48,678,806	$2,183,121
2020	$1,471,849	$473,666	$47,719,238	$998,183
2019	$1,412,350	$697,277	$45,983,611	$715,073
2018	$763,307	$755,869	$44,751,951	$7,438

TENNESSEE LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION