ALASKA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 920142326) - 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

1991

Legal Domicile

Principal Officer

DONALD THOMAS

Phone

9072432311

Tax Period

2025-01-01 to 2025-12-31

ALASKA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1991, is a small nonprofit that reported $886K in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $996K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ALASKA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION WAS ESTABLISHED BY ALASKA STATUTE TO PROVIDE FOR CERTAIN PROTECTIONS TO POLICYHOLDERS OF IMPAIRED OR 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $829,067

Investment Income $57,043

Other Revenue $0

TOTAL REVENUE $886,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,929

Fundraising Expenses $0

Program Expenses $995,776

Other Expenses $875,847

TOTAL EXPENSES $995,776

Year-over-Year Comparison

	2025	2024	Change
Revenue	$886,110	$1,376,456	-0.4%
Expenses	$995,776	$250,209	+3.0%
Net Income	$-109,666	$1,126,247	-1.1%

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

$119,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	GOVERNOR	1.00		$0	$0	$0
N/A	GOVERNOR	0.50		$0	$0	$0
N/A	GOVERNOR	0.50		$0	$0	$0
N/A	GOVERNOR	0.50		$0	$0	$0
N/A	GOVERNOR	1.00		$0	$0	$0
N/A	GOVERNOR	0.50		$0	$0	$0
N/A	GOVERNOR	1.00		$0	$0	$0
N/A	GOVERNOR	0.50		$0	$0	$0
N/A	GOVERNOR	0.50		$0	$0	$0
DONALD C THOMAS	ADMINISTRATOR	18.00	Officer	$119,929	$0	$119,929
ROSA ITURBIDES	CHAIR	1.00	Officer	$0	$0	$0
ERIC DUPONT	VICE-CHAIR	1.00	Officer	$0	$0	$0
JOY HIGA	SEC/TREAS	1.00	Officer	$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
2025	$886,110	$995,776	$1,944,358	$-109,666
2024	No data	No data	No data	No data
2023	$462,967	$232,600	$929,177	$230,367
2022	$60,925	$214,587	$696,710	$-153,662
2021	$401,640	$184,161	$850,372	$217,479
2020	$13,875	$173,969	$632,872	$-160,094
2019	$451,652	$206,723	$792,966	$244,929
2018	$197,512	$190,242	$548,037	$7,270

ALASKA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION