LOKAHI ASSURANCE LTD (EIN 912171891) - 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

2002

Legal Domicile

Principal Officer

Martin T King

Phone

5102716611

Tax Period

2023-01-01 to 2023-12-31

LOKAHI ASSURANCE LTD, founded in 2002, is a major nonprofit in the Mutual Benefit sector that reported $758.2M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129.8M, a strong 17% operating margin.

Mission

Organization's Mission A supporting organization to Kaiser Foundation Health Plan, Inc. and subsidiaries created to provide a means of financing professional and general liability, managed care liability and pandemic, terrorism, cyber security, and earthquake exposures.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $554,074,482

Investment Income $204,143,482

Other Revenue $0

TOTAL REVENUE $758,217,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,000

Fundraising Expenses $0

Program Expenses $603,988,374

Other Expenses $628,370,318

TOTAL EXPENSES $628,387,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$758,217,964	$523,344,731	+0.4%
Expenses	$628,387,318	$664,390,364	-0.1%
Net Income	$129,830,646	$-141,045,633	-1.9%

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

$5,262,337

Total Directors

$2,873,339

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Zemelman	SVP, General Counsel & Secy	0.0		$0	$660,356	$2,494,194
Vanessa Benavides	SVP,Chief Legal Officer & Secy	1.0	Officer	$0	$308,115	$2,100,570
Thomas Meier	Vice President & Treasurer	2.0	Officer Director	$0	$121,348	$1,842,456
Hong-Sze Yu	VP, Brd & Corp Gov & Asst Secy	0.1	Officer	$0	$167,556	$676,148
Martin King	Director & President	5.0	Officer Director	$0	$200,599	$639,163
Sylvia Bhatia	Director	1.0	Director	$0	$83,770	$374,720
Michael B Evans	Director	0.0	Director	$13,000	$0	$13,000
Gerald C Yoshida	Director & Assistant Secretary	0.0	Officer Director	$4,000	$0	$4,000

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	$758,217,964	$628,387,318	$3,354,081,963	$129,830,646
2022	$523,344,731	$664,390,364	$2,969,153,307	$-141,045,633
2021	$460,349,929	$466,969,515	$3,084,383,646	$-6,619,586
2020	$438,260,488	$471,309,878	$3,307,973,862	$-33,049,390
2019	$528,026,536	$500,564,162	$2,781,867,842	$27,462,374
2018	$1,019,319,122	$941,121,014	$2,577,790,522	$78,198,108

LOKAHI ASSURANCE LTD