ROSEVILLE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEVADA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1975, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 23% operating margin.
The purpose of the Nevada Life and Health Insurance Guaranty Association is to protect policyholders against the failure in the performance of contractual obligations under life, health and annuity policies because of the impairment or insolvency of insurer that issued their policy.
The Nevada Life and Health Insurance Guaranty Association's purpose is to protect policy owners, insureds, beneficiaries, annuitants, payees and assignees of life insurance policies, health insurance...
The Nevada Life and Health Insurance Guaranty Association's purpose is to protect policy owners, insureds, beneficiaries, annuitants, payees and assignees of life insurance policies, health insurance policies, annuity contracts and supplemental contracts, subject to limitations provided by Nevada state law, in the event of the failure of the issuing insurance company. This activity is the Association's only program service and constitutes 100% of the Association's time. In 2024 the Association provided policyholder benefits to Nevada resident insureds of five insolvent insurers. The Association also provided support to insurance company receivers, former insureds, etc., of a number of other insolvencies.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,099,089 | $16,510,931 | -0.6% |
| Expenses | $5,444,898 | $10,017,470 | -0.5% |
| Net Income | $1,654,191 | $6,493,461 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Todd Thakar The Thakar Group | Executive Director | 40 |
Officer
|
$478,719 | $0 | $478,719 |
| Jack Kim | Director, Chairman of the Board | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Dana Bennett | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| N/A | Director | 0.1 |
|
$0 | $0 | $0 |
| Eric DuPont | Vice Chairman of the Board of Directors | 1 |
|
$0 | $0 | $0 |
| Kenneth Whitehair | Secretary/Treasurer | 1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $7,099,089 | $5,444,898 | $17,893,164 | $1,654,191 |
| 2023 | $16,510,931 | $10,017,470 | $16,551,179 | $6,493,461 |
| 2022 | $131,195 | $359,159 | $9,428,362 | $-227,964 |
| 2021 | $445,659 | $303,156 | $9,640,958 | $142,503 |
| 2020 | $374,979 | $329,114 | $9,521,919 | $45,865 |
| 2019 | $513,994 | $538,851 | $9,449,434 | $-24,857 |
| 2018 | $720,830 | $380,769 | $9,443,799 | $340,061 |
Compare NEVADA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION with other nonprofits in California and across the country.