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  4. National Organization of Life and Health Insurance Guaranty Assocs (NOLHGA)
EIN 54-1827452

National Organization of Life and Health Insurance Guaranty Assocs (NOLHGA)

IRS 501(c) type
501(c)(6)
Num. employees
17
City
Herndon
State
Virginia
Year formed
1996
Most recent tax filings
2022-12-01
NTEE code, primary
S40: Business and Industry
Description
National Organization of Life and Health Insurance Guaranty Assocs is a voluntary organization that coordinates and represents the interests of life and health insurance guaranty associations of all 50 states and the District of Columbia. It collects and disseminates information related to impairments and insolvencies, serves as a national clearinghouse for fund transfer and resolution of issues, and problems faced by life and health insurance companies.
Also known as...
National Org of Life and Health Ins Guaranty Association
Total revenues
$6,898,114
2022
Total expenses
$7,237,159
2022
Total assets
$15,413,326
2022
Num. employees
17
2022

Program areas at NOLHGA

During the year NOLHGA collected and disseminated information related to life and health insurance company impairments and insolvencies. It served as a national clearinghouse for the transfer of funds and the resolution of issues and problems facing life and health insurance companies. It provided a forum for analysis of operational issues for members. NOLHGA acted on behalf of its member state guaranty associations to arrange claims processing collect and analyze reinsurance bids and coordinate audits of impaired or insolvent companies' financial status performed by outside firms. NOLHGA provided publications such as the NOLHGA Wire the NOLHGA Journal GA Update the NOLHGA Year-End Report to the Membership insolvency updates assessment information insolvency statistics membership directories and the like.

Personnel at NOLHGA

NameTitleCompensation
Michael D. HeardBoard Member$496,904
Richard KlipsteinExecutive Vice President Chief Operations Officer / Executive Vice President and Chief Operations Officer / Executive Vice President and Chief Operating Officer$491,868
Paul PetersonVice President Accounting and Finance / Vice President Accounting Finance / Vice President , Accounting and Finance$302,849
Holly L. WildingBoard Member$347,296
Peter GallanisPresident$923,482
...and 5 more key personnel

Financials for NOLHGA

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$6,801,101
Investment income and dividends$88,213
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,800
Total revenues$6,898,114

Form 990s for NOLHGA

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-16990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2018-122020-06-16990OView PDF
2017-122018-12-18990OView PDF
...and 8 more Form 990s
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Used new vendors
Identified 3 new vendors, including , , and
October 6, 2023
Updated personnel
Identified 7 new personnel
July 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
HealthBusiness and industry
Characteristics
Memberships
General information
Address
13873 Park Rd Suite 505
Herndon, VA 20171
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Fairfax County, VA
Website URL
nolhga.com/home.cfm 
Phone
(703) 481-5206
IRS details
EIN
54-1827452
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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