Pennsylvania Life and Health Insurance Guaranty Association
501(c)(6)
Strong reserves Growing revenue
Pennsylvania Life and Health Insurance Guaranty Association is a 501(c)(6) organization based in Bala Cynwyd, Pennsylvania, registered in 1981, with $250,648,552 in FY2024 revenue.
Two Bala Plaza, Bala Cynwyd, PA, 19004 EIN 23-2135158 Since 1981
Revenue (FY2024)
$250.6M
▲ 974.1% vs prior year
Expenses (FY2024)
$56.0M
Net assets
$245.0M
Employees
2
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Pennsylvania Life and Health Insurance Guaranty Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating53 mo reserves · +78% 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 Pennsylvania Life and Health Insurance Guaranty Association: 53 mo reserves · +78% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Pennsylvania Life and Health Insurance Guaranty Association: 5 of 6 checks met earns a A 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 Pennsylvania Life and Health Insurance Guaranty Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The purpose of the organization is to protect policyholders, insureds, beneficiaries, annuitants, payees and assignees of life insurance policies, health insurance policies, annuity contracts and supplemental contracts against failure in the performance of contractual obligations due to the impairment or insolvency of the insurer issuing such policies.
Contact & location
- Address
- Two Bala Plaza, Bala Cynwyd, PA, 19004
- City
- Bala Cynwyd
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $706K (FY2013) to $250.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $245.0M
Operating margin
77.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$245.0M
Total liabilities
$0
Net assets
$245.0M
Salaries & benefits
$467K
1% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $250,648,552▲974% | $55,966,303▲1961% | $244,956,972▲387% | $244,956,972▲387% | 990 |
| 2023 | $23,336,573▲5784% | $2,714,931▲39.8% | $50,274,723▲69.5% | $50,274,723▲69.5% | 990 |
| 2022 | $396,599▲15.9% | $1,941,833▼77.8% | $29,653,081▼5.0% | $29,653,081▼5.0% | 990 |
| 2021 | $342,282▼97.9% | $8,734,202▼44.6% | $31,198,315▼21.2% | $31,198,315▼21.2% | 990 |
| 2020 | $16,141,339▲52.9% | $15,752,375▲1.1% | $39,590,235▲1.0% | $39,590,235▲1.0% | 990 |
| 2019 | $10,557,712▲1316% | $15,574,223▲1.4% | $39,201,271▼11.3% | $39,201,271▼11.3% | 990 |
| 2018 | $745,672▼99.7% | $15,364,413▼92.4% | $44,217,782▼24.8% | $44,217,782▼24.8% | 990 |
| 2017 | $227,667,174▲7121% | $201,814,920▲10745% | $58,836,523▲78.4% | $58,836,523▲78.4% | 990 |
| 2016 | $3,153,034▲557% | $1,860,899▼35.9% | $32,984,269▲4.1% | $32,984,269▲4.1% | 990 |
| 2015 | $479,562▼95.9% | $2,900,856▲27.7% | $31,692,134▼7.1% | $31,692,134▼7.1% | 990 |
| 2014 | $11,632,301▲1548% | $2,271,804▼95.4% | $34,113,428▲37.8% | $34,113,428▲37.8% | 990 |
| 2013 | $705,925 | $48,892,481▲26.6% | $24,752,931▼66.1% | $24,752,931▼66.1% | 990 |
| 2012 | — | $38,631,743▲513% | $72,939,487▼33.4% | $72,939,487▼33.4% | 990 |
| 2011 | — | $6,297,132▼5.3% | $109,582,131▼2.6% | $109,582,131▼2.6% | 990 |
| 2010 | — | $6,649,047 | $112,462,577 | $112,462,577 | 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 (FY2024)
Highest-paid: Nancy Margolis — $297,700 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nancy Margolis | Executive Di | 40 | $297,700 |
| Colonial Penn Life Insurance Co | Director | 1 | — |
| Cvs Health | Director | 1 | — |
| Erie Family Life Insurance Co | Director | 1 | — |
| Farmers New World Life Insurance Co | Director | 1 | — |
| Independence Blue Cross | Director | 1 | — |
| Massachusetts Mutual Life Ins Co | Vice Chair | 1 | — |
| Metropolitan Life Insurance Co | Director | 1 | — |
| Nationwide Life Ins Co | Director | 1 | — |
| The Penn Mutual Life Insurance Co | Chair | 1 | — |
| United Healthcare Insurance Co | Director | 1 | — |
| Upmc Insurance Services | Secretary/tr | 1 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Duane Morris LLP | Legal Services | $223,730 |
Frequently asked questions
- Is Pennsylvania Life and Health Insurance Guaranty Association a legitimate nonprofit?
- Yes. Pennsylvania Life and Health Insurance Guaranty Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 23-2135158, based in Bala Cynwyd, Pennsylvania.
- What is Pennsylvania Life and Health Insurance Guaranty Association's EIN?
- Pennsylvania Life and Health Insurance Guaranty Association's Employer Identification Number (EIN) is 23-2135158.
- How much revenue does Pennsylvania Life and Health Insurance Guaranty Association report?
- Pennsylvania Life and Health Insurance Guaranty Association reported $250,648,552 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Pennsylvania Life and Health Insurance Guaranty Association's highest-paid employee make?
- The highest reported compensation on Pennsylvania Life and Health Insurance Guaranty Association's latest Form 990 is $297,700, paid to Nancy Margolis (Executive Di).
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Data for Pennsylvania Life and Health Insurance Guaranty Association (EIN 23-2135158) 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.