Wyoming Life Health Insurance Guaranty Association
- Assets
- $4.5m
- Revenue
- $971.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Meridian, ID
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 83-0294618
Organization Overview
Wyoming Life Health Insurance Guaranty Association is located in Meridian, ID. The organization was established in 1991. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyoming Life Health Insurance Guaranty Association 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 12/2022, Wyoming Life Health Insurance Guaranty Association generated $971.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $248.7k during the year ending 12/2022. 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
TO PROVIDE PROTECTION TO WYOMING RESIDENT POLICYHOLDERS IN THE EVENT OF THE FAILURE OF THE INSURANCE COMPANY THAT ISSUED THEIR LIFE, ANNUITY OR HEALTH INSURANCE POLICY, IN ACCORDANCE WITH WYOMING LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION'S PURPOSE IS TO PROVIDE PROTECTION TO WYOMING RESIDENT POLICYHOLDERS IN THE EVENT OF THE FAILURE OF THE INSURANCE COMPANY THAT ISSUED THEIR LIFE, ANNUITY OR HEALTH INSURANCE POLICY. THIS IS THE ASSOCIATION'S ONLY PROGRAM SERVICE AND CONSTITUTES 100% OF THE ASSOCIATION'S TIME. IN 2022 THE ASSOCIATION PROVIDED POLICYHOLDER BENEFITS TO RESIDENT INSUREDS OF TWO INSOLVENT INSURERS. THE ASSOCIATION ALSO PROVIDED SUPPORT TO POLICYHOLDER AND RECEIVERS OF A NUMBER OF OPEN INSOLVENCY ESTATES AND CLOSED ESTATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candie Kinch Dba Pine Tree Admin Administrator | Officer | 20 | $97,200 |
Kerry Hall Chairman Of The Board Of Directors | Officer | 1 | $0 |
Gregory Martino Secretary Of The Board Of Directors | Officer | 1 | $0 |
Diane Gore Treasurer Of The Board Of Directors | Officer | 1 | $0 |
Lori Geadelmann Vice Chairman Of The Board Of Directors | Officer | 1 | $0 |
Name Not Listed Director | 0.25 | $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 | $941,190 |
| Investment income | $29,914 |
| 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 | $971,104 |
| 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 | $1,789 |
| Compensation of current officers, directors, key employees. | $97,200 |
| 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 | $23,899 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,504 |
| Fees for services: Other | $24,262 |
| Advertising and promotion | $0 |
| Office expenses | $5,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $249 |
| All other expenses | $61,576 |
| Total functional expenses | $248,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,710 |
| Savings and temporary cash investments | $716,308 |
| 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 | $3,468,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,478,370 |
| 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 | $4,478,370 |
| Net assets with donor restrictions | $0 |
| 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 | $4,478,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of Idaho Inc Boise, ID | $87,689,036 | $77,341,867 |
Greater Oregon Behavioral Health Inc The Dalles, OR | $40,204,483 | $75,610,299 |
Delta Dental Plan Of Wyoming Cheyenne, WY | $25,241,153 | $47,484,534 |
Zion Health St George, UT | $13,690,027 | $30,278,817 |
Agc Health Benefit Trust Fund Wilsonville, OR | $1,717,335 | $11,419,505 |
Project Access Now Portland, OR | $3,304,431 | $11,644,157 |
Cardea Services Seattle, WA | $4,317,520 | $8,115,813 |
Healthie Nevada Las Vegas, NV | $1,377,510 | $4,499,509 |
Yanke Health Benefit Trust Boise, ID | $2,730,346 | $4,157,608 |
Reliance Ehealth Collaborative Medford, OR | $1,759,328 | $3,920,929 |
C A R E Chest Of Sierra Nevada Reno, NV | $2,737,948 | $2,386,533 |
Nevada Cancer Coalition Reno, NV | $502,664 | $2,568,045 |