ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOCIATION

EIN: 630960930

BIRMINGHAM, AL

Total Revenue
$6,101,619
Total Expenses
$5,805,962
Total Assets
$20,082,683
Net Assets
$-88,516,467
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
AL
Principal Officer
LIFE INS CO OF AL CLARENC
Phone
2058792202
Tax Period
2023-01-01 to 2023-12-31

ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOCIATION, founded in 1982, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 79% operating deficit.

Mission

PROVIDING PAYMENTS TO OR ON BEHALF OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES & PROVIDING CONTINUED COVERAGE FOR POLICYHOLDERS BY NEGOTIATING REINSURANCE AGREEMENTS OR PROVIDING ADMINISTRATIVE SERVICES.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,176,448
Investment Income $277,671
Other Revenue $647,500
TOTAL REVENUE $6,101,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,320
Fundraising Expenses $0
Other Expenses $5,528,642
TOTAL EXPENSES $5,805,962

Year-over-Year Comparison

2023 2022 Change
Revenue $6,101,619 $365,091 +15.7%
Expenses $5,805,962 $1,983,466 +1.9%
Net Income $295,657 $-1,618,375 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
2
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
$183,832
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PROTECTIVE LIFE MARY PAT LAWRENCE CHAIR (9 MO)/ VICE CHAIR (3 MO) 2.00
Officer Director
$0 $0 $0
ALFA LIFE INS SID BELCHER VICE CHAIR (9 MO)/ CHAIR (3 MO) 2.00
Officer Director
$0 $0 $0
LIFE INS CO OF AL CLARENCE DAUGETTE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
LIBERTY NATL LIFE JENNIFER WATKINS DIRECTOR 1.00
Director
$0 $0 $0
AMERICAN GEN LIFE INS TOM GLASSON DIRECTOR 1.00
Director
$0 $0 $0
UNTD HLTH CARE LIFE SHERRY GILLESPI DIRECTOR 1.00
Director
$0 $0 $0
METROPOLITAN LIFE BERNADETTE FLYNN DIRECTOR 1.00
Director
$0 $0 $0
DOTTY STILL EXECUTIVE DIRECTOR 40.00
Officer
$165,250 $18,582 $183,832
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 No data No data No data No data
2023 $6,101,619 $5,805,962 $20,082,683 $295,657
2022 $365,091 $1,983,466 $20,564,479 $-1,618,375
2021 $948,305 $2,327,528 $22,083,517 $-1,379,223
2020 $524,583 $2,022,404 $24,585,899 $-1,497,821
2019 $1,067,253 $2,016,771 $27,247,487 $-949,518
2018 $1,125,920 $2,010,215 $29,284,364 $-884,295
Explore More Nonprofits
→Top 100 Nonprofits in Alabama →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOCIATION with other nonprofits in Alabama and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.