Alabama Life & Disability Insurance Guaranty Assoc
501(c)(6)
Only null% goes to programs Thin reserves Growing revenue
Alabama Life & Disability Insurance Guaranty Assoc is a 501(c)(6) organization based in Birmingham, Alabama, registered in 1996, with $46,768,765 in FY2024 revenue. CharityIndex grades it D.
2009 Eagle Ridge Dr, Birmingham, AL, 35242 EIN 63-0960930 Since 1996
Revenue (FY2024)
$46.8M
▲ 666.5% vs prior year
Expenses (FY2024)
$17.7M
Net assets
-$40.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Alabama Life & Disability Insurance Guaranty Assoc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +62% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Alabama Life & Disability Insurance Guaranty Assoc: 0 mo reserves · +62% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Alabama Life & Disability Insurance Guaranty Assoc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Alabama Life & Disability Insurance Guaranty Assoc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2009 Eagle Ridge Dr, Birmingham, AL, 35242
- City
- Birmingham
- State
- Alabama
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $535K (FY2013) to $46.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $89.7MNet assets -$40.5M
Operating margin
62.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.2M
Total liabilities
$89.7M
Net assets
-$40.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $46,768,765▲666% | $17,668,008▲204% | -$40,523,210▲54.2% | $49,182,658▲145% | 990 |
| 2023 | $6,101,619▲1571% | $5,805,962▲193% | -$88,516,467▼22.5% | $20,082,683▼2.3% | 990 |
| 2022 | $365,091▼61.5% | $1,983,466▼14.8% | -$72,262,624▼34.2% | $20,564,479▼6.9% | 990 |
| 2021 | $948,305▲80.8% | $2,327,528▲15.1% | -$53,848,249▼93.6% | $22,083,517▼10.2% | 990 |
| 2020 | $524,583▼50.8% | $2,022,404▲0.3% | -$27,815,026▲0.1% | $24,585,899▼9.8% | 990 |
| 2019 | $1,067,253▼5.2% | $2,016,771▲0.3% | -$27,842,205▼2.3% | $27,247,487▼7.0% | 990 |
| 2018 | $1,125,920▲8.4% | $2,010,215▼46.1% | -$27,220,787▲2.1% | $29,284,364▼7.1% | 990 |
| 2017 | $1,038,622▲97.7% | $3,732,838▲97.1% | -$27,795,826▼6.6% | $31,520,110▼7.8% | 990 |
| 2016 | $525,265▼93.2% | $1,894,118▼3.6% | -$26,085,910▼8.5% | $34,168,515▼3.9% | 990 |
| 2015 | $7,773,083▲46.1% | $1,965,259▼10.3% | -$24,049,557▲19.5% | $35,541,022▲19.2% | 990 |
| 2014 | $5,319,338▲894% | $2,190,524▼0.3% | -$29,857,381▲33.9% | $29,825,282▲11.1% | 990 |
| 2013 | $534,876 | $2,196,619▼72.5% | -$45,142,795▼18.3% | $26,842,211▼6.0% | 990 |
| 2012 | — | $7,992,797▲144% | -$38,163,152▼8.6% | $28,569,547▼19.4% | 990 |
| 2011 | — | $3,277,290 | -$35,139,799 | $35,441,547 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Alabama Life & Disability Insurance Guaranty Assoc a legitimate nonprofit?
- Yes. Alabama Life & Disability Insurance Guaranty Assoc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 63-0960930, based in Birmingham, Alabama.
- What is Alabama Life & Disability Insurance Guaranty Assoc's EIN?
- Alabama Life & Disability Insurance Guaranty Assoc's Employer Identification Number (EIN) is 63-0960930.
- How much revenue does Alabama Life & Disability Insurance Guaranty Assoc report?
- Alabama Life & Disability Insurance Guaranty Assoc reported $46,768,765 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Alabama Life & Disability Insurance Guaranty Assoc have?
- CharityIndex grades Alabama Life & Disability Insurance Guaranty Assoc D, based on financial health (reserves and operating margin).
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Data for Alabama Life & Disability Insurance Guaranty Assoc (EIN 63-0960930) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.