TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 746252674) - 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

1973

Legal Domicile

Principal Officer

BART A BOLES

Phone

8009826362

Tax Period

2024-01-01 to 2024-12-31

TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1973, is a major nonprofit that reported $123.5M in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. Expenses of $113.1M left a modest 8% surplus.

Mission

THE TLHIGA WAS ESTABLISHED BY CHAPTER 463 OF THE TEXAS INSURANCE CODE TO PROVIDE CERTAIN PROTECTIONS TO LIFE, HEALTH AND ANNUITY POLICYHOLDERS AND HMO MEMBERS IN THE EVENT THEIR MEMBER COMPANY IS FOUND TO BE INSOLVENT AND ORDERED LIQUIDATED BY A COURT.

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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 $120,303,028

Investment Income $3,148,902

Other Revenue $0

TOTAL REVENUE $123,451,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $842,779

Fundraising Expenses $0

Other Expenses $112,250,539

TOTAL EXPENSES $113,093,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,451,930	$56,004,555	+1.2%
Expenses	$113,093,318	$54,708,210	+1.1%
Net Income	$10,358,612	$1,296,345	+7.0%

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

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

$335,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HARRISON	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HUCKABY	DIRECTOR	4.00	Director	$0	$0	$0
DEAN FRIGO	DIRECTOR	2.00	Director	$0	$0	$0
TED KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
PATI MCCANDLESS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SOMMER	DIRECTOR	2.00	Director	$0	$0	$0
MARK WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
FRANK BEAMAN	DIRECTOR	2.00	Director	$0	$0	$0
BART A BOLES	EXECUTIVE DIRECTOR	40.00	Officer	$291,602	$43,412	$335,014
JARRETT TERRY	SENIOR ACCOUNTANT	40.00	Highest	$145,000	$10,149	$155,149

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	$123,451,930	$113,093,318	$194,015,589	$10,358,612
2023	$56,004,555	$54,708,210	$100,351,854	$1,296,345
2022	$4,046,714	$4,688,640	$70,550,812	$-641,926
2021	$31,418,906	$8,448,575	$70,747,885	$22,970,331
2020	$4,905,718	$2,724,319	$47,673,417	$2,181,399
2019	$1,607,705	$3,528,182	$45,088,552	$-1,920,477

TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION