North Dakota Life And Heath Insurance Guaranty Assn
- Assets
- $3.9m
- Revenue
- $5.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 45-0375813
Organization Overview
North Dakota Life And Heath Insurance Guaranty Assn is located in Fargo, ND. The organization was established in 1985. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Life And Heath Insurance Guaranty Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, North Dakota Life And Heath Insurance Guaranty Assn generated $5.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $205.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL BENEFITS FOR CLAIMS SUBMITTED BY NORTH DAKOTA RESIDENTS WHO ARE POLICYHOLDERS AND BENEFICIARIES OF CONTRACTS ISSUED BY INSOLVENT INSURANCE COMPANIES LICENSED TO DO BUSINESS IN NORTH DAKOTA UNDER LIFE,ACCIDENT,HEALTH,DISABILITY,LONG-TERM CARE AND ANNUITY CONTRACT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PER THE NORTH DAKOTA CENTURY CODE, THE ASSOCIATION IS REQUIRED TO ASSESS FUNDS FROM LIFE AND HEALTH INSURANCE COMPANIES LICENSED TO DO BUSINESS IN NORTH DAKOTA TO PAY CLAIMS OF INSOLVENT LIFE AND HEALTH INSURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Morris Executive Director | Officer | 4 | $13,569 |
T Life Insurance Co Of America Laura Haines - Vice Chair | Officer | 0.2 | $0 |
N Mutual Life Insurance Co Justin Ugent - Director | 0.2 | $0 | |
Standard Insurance Company John Baumgardner Ii - Chair | Officer | 0.3 | $0 |
David Breuer Executive Director | Officer | 1 | $0 |
Sanford Health Plan Brian Maude - Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,197 |
| Investment income | $1,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,068 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,655 |
| Information technology | $11,262 |
| Royalties | $0 |
| Occupancy | $7,073 |
| Travel | $2,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $631 |
| All other expenses | $0 |
| Total functional expenses | $205,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,840,955 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,884,529 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,884,529 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,884,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workers Compensation Reinsurance Association St Paul, MN | $4,127,132,929 | $379,015,449 |
Billings Clinic Employee Benefit Trust Billings, MT | $23,119,381 | $46,458,176 |
North Dakota Grain Dealers Association Benefit Plan And Trust Fargo, ND | $5,940,664 | $17,578,816 |
Nd Rec Benefit Trust Mandan, ND | $7,495,679 | $17,736,079 |
Missoula County Comprehensive Medical Benefit Plan Missoula, MT | $8,563,363 | $14,318,121 |
Twin City Sprinkler Fitters Health Care Plan Minneapolis, MN | $17,391,884 | $12,071,213 |
Nonprofit Insurance Trust Lakeville, MN | $40,064,568 | $18,458,548 |
Cuad Health Benefits Trust Bismarck, ND | $3,708,893 | $11,419,816 |
Regency Managed Properties Benefit Trust Sioux Falls, SD | $41,424 | $8,200,839 |
Mada Insurance Inc St Paul, MN | $605,621 | $6,610,521 |
Greater Metropolitan Hotel Employer Employees Health & Welfare Plan Bloomington, MN | $11,816,218 | $3,285,554 |
Associated Health Assurance Ltd Robbinsdale, MN | $14,037,744 | $4,252,648 |