HONOLULU, HI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HAWAII LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION, founded in 1979, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 64% operating margin.
The mission of Hawaii Life and Disability Insurance Guaranty Association ("Association') is to protect Hawaii owners and beneficiaries of policies issued by Hawaii licensed life and health insurance companies that become impaired or insolvent. The Association was created by the Hawaii State Legislature pursuant to the Hawaii Life and Disability Insurance Guaranty Association Act under HRS 431:16-201 ("HLDIGA Act"). During the taxable year, the significant activities of the Association focused on managing and administering its: (1) life insurance accounts; (2) accident, health and sickness insurance accounts; and (3) annuity accounts for the benefit of the HLDIGA Act's intended beneficiaries as provided by Hawaii law.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,268,139 | $934,166 | +1.4% |
| Expenses | $810,339 | $1,093,742 | -0.3% |
| Net Income | $1,457,800 | $-159,576 | -10.1% |
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 |
|---|---|---|---|---|---|---|
| Margolee P Lee Chairperson | Pacific Guardian Life Ins. | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Wayne Tanaka Vice Chairperson | Massachusetts Mutual Life | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Joy Higa Treasurer | UnitedHealthCare Ins. Co. | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rosa Iturbides Secretary | Equitable | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mary Barney Director | Genworth Life & Annuity In | 3.00 |
Director
|
$0 | $0 | $0 |
| Sayaka Ogura Glaser Director | New York Life Ins. Co. | 3.00 |
Director
|
$0 | $0 | $0 |
| Megan Claypool Director | Athene Annuity & Life Co. | 3.00 |
Director
|
$0 | $0 | $0 |
| Germaine Marks Director | Prudential Ins. Co. of Ame | 3.00 |
Director
|
$0 | $0 | $0 |
| Umberto Speranza Director | UNUM Life Insurance Company of America | 3.00 |
Director
|
$0 | $0 | $0 |
| Peter Inoue | Executive Director | 40.00 |
Officer
|
$95,800 | $0 | $95,800 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $2,268,139 | $810,339 | $34,634,473 | $1,457,800 |
| 2022 | $934,166 | $1,093,742 | $33,176,673 | $-159,576 |
| 2021 | $21,104,675 | $1,270,784 | $33,336,249 | $19,833,891 |
| 2020 | $630,110 | $1,787,742 | $13,502,358 | $-1,157,632 |
| 2019 | $516,079 | $1,213,158 | $14,659,990 | $-697,079 |
Compare HAWAII LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION with other nonprofits in Hawaii and across the country.