Virginia Life Accident & Sickness Insurance Guaranty Association
- Assets
- $11.2m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Hampden, MA
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 54-1642659
Organization Overview
Virginia Life Accident & Sickness Insurance Guaranty Association, operating under the name Co Dsh Consulting Llc, is located in Hampden, MA. The organization was established in 1997. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, 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. Co Dsh Consulting Llc 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 12/2023, Co Dsh Consulting Llc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY EXEMPT PURPOSE: THE ASSOCIATION IS A VIRGINIA STATUTORY ASSOCIATION FORMED PURSUANT TO CHAPTER 17 OF TITLE 38.2 OF THE CODE OF VIRGINIA TO PAY OBLIGATIONS OF INSOLVENT INSURANCE COMPANIES UNDER THE SUPERVISION OF THE VIRGINIA STATE CORPORATION COMMISSION. "MEMBER INSURER" MEANS AN INSURER OR HEALTH MAINTENANCE ORGANIZATION LICENSED TO TRANSACT IN THE COMMONWEALTH ANY CLASS OF INSURANCE OR HEALTH MAINTENANCE ORGANIZATION BUSINESS TO WHICH THIS CHAPTER 17 APPLIES UNDER SECTION 38.2-1700, BUT DOES NOT INCLUDE COOPERATIVE NONPROFIT LIFE BENEFIT COMPANIES, MUTUAL ASSESSMENT LIFE, ACCIDENT AND SICKNESS INSURANCE COMPANIES, BURIAL SOCIETIES, FRATERNAL BENEFIT SOCIETIES, DENTAL AND OPTOMETRIC SERVICES PLANS, AND HEALTH SERVICES PLANS NOT SUBJECT TO THIS CHAPTER 17 PURSUANT TO SECTION 38.2-4213. CHAPTER 17 ALSO APPLIES TO DENTAL BENEFIT CONTRACTS ENTERED INTO WITH A DENTAL PLAN ORGANIZATION AS PROVIDED IN CHAPTER 61. WITH RESPECT TO CONTRACTS ISSUED BY INSURERS LICENSED TO TRANSACT BUSI
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITY FOR 17 LIFE AND/OR HEALTH INSURANCE COMPANIES THAT ARE EITHER IN REHABILITATION OR LIQUIDATION.
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Board, Officers & Key Employees
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 | $10,020,137 |
| Investment income | $281,996 |
| 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 | $10,302,133 |
| 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 | $932,642 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $348,900 |
| Fees for services: Legal | $25,185 |
| Fees for services: Accounting | $13,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160 |
| Advertising and promotion | $0 |
| Office expenses | $1,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,417 |
| Total functional expenses | $1,774,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,646 |
| Savings and temporary cash investments | $10,989,150 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,169,796 |
| 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 | $2,168,062 |
| Net assets with donor restrictions | $9,001,734 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $11,169,796 |