LIFE & HEALTH INSURANCE PROTECTION… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

CHRISTINE CAPPIELLO

Phone

8003377796

Tax Period

2024-01-01 to 2024-12-31

LIFE & HEALTH INSURANCE PROTECTION ASSOCIATION, founded in 1991, is a mid-sized nonprofit that reported $12.2M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8.2M, a strong 67% operating margin.

Mission

CONSISTENT WITH COLORADO STATUTES AND THE ASSOCIATION'S PLAN OF OPERATION TO PAY CLAIMS AND ADDRESS OTHER CONTRACTUAL OBLIGATIONS OF EXISTING POLICIES OF INSOLVENT INSURERS.

Program Service Accomplishments

Program 1

PAYMENT OF LIFE, HEALTH AND ANNUITY CLAIMS AND ADDRESS OTHER CONTRACTUAL OBLIGATIONS OF EXISTING INSURANCE POLICIES OF INSOLVENT INSURERS.

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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 $10,844,854

Investment Income $1,365,264

Other Revenue $0

TOTAL REVENUE $12,210,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $748,324

TOTAL EXPENSES $4,017,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,210,118	$32,441,213	-0.6%
Expenses	$4,017,617	$25,977,376	-0.8%
Net Income	$8,192,501	$6,463,837	+0.3%

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

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	Reportable Comp	Other Comp	Total
N/A	CHAIR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	VICE-CHAIR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$0	$0	$0
N/A	DIRECTOR	1.00	$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	$12,210,118	$4,017,617	$39,926,092	$8,192,501
2023	$32,441,213	$25,977,376	$31,733,591	$6,463,837
2022	$20,128,052	$8,646,961	$25,269,754	$11,481,091
2021	$175,480	$2,327,258	$13,788,663	$-2,151,778
2020	$164,869	$14,944,658	$15,940,441	$-14,779,789
2019	$24,729,618	$4,470,720	$30,720,230	$20,258,898
2018	$3,010,501	$936,480	$10,461,542	$2,074,021

LIFE & HEALTH INSURANCE PROTECTION ASSOCIATION