CALIFORNIA LIFE & HEALTH INSURANCE GUARANTEE ASSOCIATION (EIN 954311716) - 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

Todd Thakar

Phone

9166311581

Tax Period

2023-07-01 to 2024-06-30

CALIFORNIA LIFE & HEALTH INSURANCE GUARANTEE ASSOCIATION, founded in 1991, is a mid-sized nonprofit that reported $64.3M in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44.7M, a strong 70% operating margin.

Mission

The Association was established to provide certain protections to policyholders and beneficiaries of policyholders of impaired or insolvent insurers in accordance with Section 1067 of the California Insurance Code.

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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 $61,597,037

Investment Income $2,745,776

Other Revenue $0

TOTAL REVENUE $64,342,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $710,111

Fundraising Expenses $0

Program Expenses $0

Other Expenses $18,641,838

TOTAL EXPENSES $19,623,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,342,813	$26,129,771	+1.5%
Expenses	$19,623,408	$-42,007,682	-1.5%
Net Income	$44,719,405	$68,137,453	-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

$710,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN ACOSTA	DIRECTOR	1.00	Director	$0	$0	$0
Ronald Coleman-Baeza	DIRECTOR	1.00	Director	$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
ANTHEM BLUE CROSS LIFE HEALTH INS	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
N/A	DIRECTOR	1.00		$0	$0	$0
JOY HIGA	CHAIR	4.00	Officer	$0	$0	$0
GREG REDMOND	VICE CHAIR	3.00	Officer	$0	$0	$0
SONYA EKART	SECRETARY TREASURER	3.00	Officer	$0	$0	$0
TODD THAKAR THE THAKAR GROUP	EXECUTIVE DIRECTOR	40.00	Officer	$710,111	$0	$710,111

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	No data	No data	No data	No data
2024	$64,342,813	$19,623,408	$51,655,207	$44,719,405
2023	$26,129,771	$-42,007,682	$80,932,488	$68,137,453
2022	$1,627,165	$50,204,867	$56,620,325	$-48,577,702
2021	$723,586	$-5,413,644	$57,041,160	$6,137,230
2020	$2,340,241	$28,028,629	$58,442,334	$-25,688,388

CALIFORNIA LIFE & HEALTH INSURANCE GUARANTEE ASSOCIATION