Georgia Life and Health Insurance Guaranty Association
501(c)(6)
100% goes to programs Strong reserves Growing revenue
Georgia Life and Health Insurance Guaranty Association is a 501(c)(6) organization based in Duluth, Georgia, registered in 1994, with $8,427,614 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
3700 Crestwood Pkwy Nw Ste 400, Duluth, GA, 30096 EIN 58-1737531 Since 1994
Revenue (FY2023)
$8.4M
▲ 245.1% vs prior year
Expenses (FY2023)
$3.1M
Net assets
$105.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
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. For Georgia Life and Health Insurance Guaranty Association: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating404 mo reserves · +63% 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 Georgia Life and Health Insurance Guaranty Association: 404 mo reserves · +63% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
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. For Georgia Life and Health Insurance Guaranty Association: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Georgia Life and Health Insurance Guaranty Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Association was established to provide certain protections to policyholders of insolvent insurers in accordance with ocga 33-38-1 et seq.
Contact & location
Financial trends
Revenue declined from $19.2M (FY2013) to $8.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $105.1M
Operating margin
63.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$105.1M
Total liabilities
$0
Net assets
$105.1M
Salaries & benefits
$0
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $8,427,614▲245% | $3,118,415▲103% | $105,088,430▲5.3% | $105,088,430▲5.3% | 990 |
| 2022 | $2,442,191▼2.3% | $1,538,053▼1.5% | $99,779,231▲0.9% | $99,779,231▲0.9% | 990 |
| 2021 | $2,500,219▲26.4% | $1,560,842▼9.9% | $98,875,093▲1.0% | $98,875,093▲1.0% | 990 |
| 2020 | $1,977,941▼0.1% | $1,731,920▼3.7% | $97,935,716▲0.3% | $97,935,716▲0.3% | 990 |
| 2019 | $1,980,690▼41.5% | $1,798,679▼96.3% | $97,689,695▲0.2% | $97,689,695▲0.2% | 990 |
| 2018 | $3,384,384▼95.2% | $49,096,614▲189% | $97,507,684▼31.9% | $97,507,684▼31.9% | 990 |
| 2017 | $70,786,940▲3441% | $17,016,255▲569% | $143,219,914▲60.1% | $143,219,914▲60.1% | 990 |
| 2016 | $1,999,159▲17.4% | $2,542,851▲19.8% | $89,449,229▼0.6% | $89,449,229▼0.6% | 990 |
| 2015 | $1,703,542▼68.0% | $2,122,987▲12.0% | $89,992,921▼0.5% | $89,992,921▼0.5% | 990 |
| 2014 | $5,327,567▼72.3% | $1,894,930▼86.0% | $90,412,366▲3.9% | $90,412,366▲3.9% | 990 |
| 2013 | $19,203,205 | $13,563,134▲467% | $86,979,729▲6.9% | $86,979,729▲6.9% | 990 |
| 2012 | — | $2,392,126▼56.6% | $81,339,658▲6.1% | $81,339,658▲6.1% | 990 |
| 2010 | — | $5,508,994 | $76,683,321 | $76,683,321 | 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.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| D Harley Yancey IV | Chairman | 0.1 | — |
| Eugene Choate | Secretary/treasurer | 0.1 | — |
| Gary Henning | Director | 0.1 | — |
| Kirkland Mcghee | Director | 0.1 | — |
| Nick Dejong | Director | 0.1 | — |
| Norah B Jones | Director | 0.1 | — |
| Raymond Waugh | Director | 0.1 | — |
| Steve Beaver | Director | 0.1 | — |
| Ted Kennedy | Vice Chairman | 0.1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Marchman-steele Agency Inc | Management & Ad | $436,243 |
Frequently asked questions
- Is Georgia Life and Health Insurance Guaranty Association a legitimate nonprofit?
- Yes. Georgia Life and Health Insurance Guaranty Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 58-1737531, based in Duluth, Georgia.
- What is Georgia Life and Health Insurance Guaranty Association's EIN?
- Georgia Life and Health Insurance Guaranty Association's Employer Identification Number (EIN) is 58-1737531.
- How much revenue does Georgia Life and Health Insurance Guaranty Association report?
- Georgia Life and Health Insurance Guaranty Association reported $8,427,614 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Georgia Life and Health Insurance Guaranty Association's spending goes to programs?
- Georgia Life and Health Insurance Guaranty Association spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Georgia Life and Health Insurance Guaranty Association have?
- CharityIndex grades Georgia Life and Health Insurance Guaranty Association A, based on program efficiency and fundraising cost.
- How much does Georgia Life and Health Insurance Guaranty Association's highest-paid employee make?
- The highest reported compensation on Georgia Life and Health Insurance Guaranty Association's latest Form 990 is $0, paid to D Harley Yancey IV (Chairman).
More nonprofits in Duluth
Explore more
Data for Georgia Life and Health Insurance Guaranty Association (EIN 58-1737531) 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.