Ltc Reinsurance Pcc is a 501(c)(6) organization based in Washington, District of Columbia, registered in 2017, with -$73,716,642 in FY2024 revenue.
Revenue (FY2024)
-$73.7M
▼ 203.3% vs prior year
Community median: $184K
Expenses (FY2024)
-$87.5M
Net assets
$15.4M
Employees
0
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 Ltc Reinsurance Pcc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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. Not scored for Ltc Reinsurance Pcc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Ltc Reinsurance Pcc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Ltc Reinsurance Pcc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Ltc re is a protected cell captive insurance company formed by the national organization of life and health guaranty associations, whose members are life and health insurance state guaranty associations affected by the insolvency of penn treaty network america insurance company and/or its wholly owned subsidiary, american network insurance company. the members reinsure their obligations to ltc re to service the covered policyholders.
Revenue declined from $3.0B (FY2017) to -$73.7M (FY2024) across 8 reported years.
Financial snapshot
Operating margin
18.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.7B
Net assets
$15.4M
Salaries & benefits
$0
Board members
11
11 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$73,716,642▼203% | -$87,459,177▼154% | $15,368,189▼14.9% | $1,670,945,546▼9.1% | 990 |
| 2023 | $71,368,803▼40.3% | $162,207,000▲204% | $18,065,112▼1.2% | $1,838,075,920▼1.1% | 990 |
| 2022 | $119,635,011▲21.5% | -$155,891,843▼353% | $18,283,411▼15.7% | $1,857,935,821▼15.6% | 990 |
| 2021 | $98,451,933▼13.8% | $61,711,715▼69.0% | $21,687,412▼5.6% | $2,201,458,175▼5.6% | 990 |
| 2020 | $114,204,209▲286% | $199,322,701▲148% | $22,984,384▼1.4% | $2,332,562,549▼1.4% | 990 |
| 2019 | -$61,467,591▼183% | $80,331,761▲1577% | $23,312,767▼8.0% | $2,365,738,389▼7.9% | 990 |
| 2018 | $74,035,941▼97.6% | -$5,437,471▼100% | $25,336,167▼10.5% | $2,569,370,062▼10.5% | 990 |
| 2017 | $3,041,884,959 | $3,030,322,123 | $28,322,440 | $2,870,395,453 | 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.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Ball | Director (to Feb '24) | 1 | — |
| Amanda Barbera | Director (from Oct '24) | 1 | — |
| Brenda Cushing | Chief Financial Officer | 8 | — |
| Charles Gullickson | Security & Privacy Officer | 1 | — |
| Denise Meridith | Director | 1 | — |
| Eric Rangen | President | 2 | — |
| Frank Melaccio | Director | 1 | — |
| James Yablecki | Director (to Aug '24) | 1 | — |
| Jeffrey Beligotti | Director (from Feb '24) | 1 | — |
| Jodi Anatole | Chief Operating Officer | 7 | — |
| Katharine Wade | Secretary | 1 | — |
| Lillian Sutton | Director | 1 | — |
| Margaret Sperry | Director (to Oct '24) | 1 | — |
| Nancy Margolis | Director | 1 | — |
| Renee Cieslukowski | Director (from Aug '24) | 1 | — |
| Russell Smith | Treasurer | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Davies Life & Health Inc | Third Party Admin/accounting | $7,538,031 |
| Wellington Management Company LLP | Investment Management | $1,347,754 |
| Faegre Drinker Biddle & Reath LLP | Legal/compliance Services | $564,428 |
| Illumifin Corporation | Actuarial Services | $425,449 |
| Bc Consulting LLC | Cfo Management Services | $211,089 |
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Data for Ltc Reinsurance Pcc (EIN 82-0648671) 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.