NEVADA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 942428532) - 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

1975

Legal Domicile

Principal Officer

Todd Thakar

Phone

9166311581

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

To provide protection to Nevada resident policyholders and their beneficiaries in the event of the insolvency of the insurance company that issued their life, health or annuity insurance policy.

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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 $6,646,600

Investment Income $452,489

Other Revenue $0

TOTAL REVENUE $7,099,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $597,184

Fundraising Expenses $0

Program Expenses $0

Other Expenses $427,108

TOTAL EXPENSES $5,444,898

Year-over-Year Comparison

	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%

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

$478,719

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

NEVADA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION