Civic Intelligence

Iowa Life & Health Insurance Guaranty Association

990 • Fiscal year 2014 • EIN 42-1305718

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 15, 2014

700 Walnut StreetRoom/Suite 160050309

(515) 283-3100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Net Margin

89th percentile

30%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Asset Growth

95th percentile

36%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

666%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$11,378,243

Up $3,008,791 (+36%) from 2013

Net Assets

Up

$11,378,243

Up $3,008,791 (+36%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$10,134,415

Up $8,811,378 (+666%) from 2013

Expenses

Up

$7,125,624

Up $3,578,903 (+101%) from 2013

Net Income

Up

$3,008,791

Up $5,232,475 (+235%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $9,499,083Liabilities 2011: $471,088Net Assets 2011: $9,027,9952011Assets 2012: $10,593,136Liabilities 2012: $0Net Assets 2012: $10,593,1362012Assets 2013: $8,369,452Liabilities 2013: $0Net Assets 2013: $8,369,4522013Assets 2014: $11,378,243Liabilities 2014: $0Net Assets 2014: $11,378,2432014Assets 2015: $13,109,697Liabilities 2015: $0Net Assets 2015: $13,109,6972015Assets 2016: $34,188,473Liabilities 2016: $0Net Assets 2016: $34,188,4732016Assets 2017: $18,652,508Liabilities 2017: $0Net Assets 2017: $18,652,5082017Assets 2018: $11,849,235Liabilities 2018: $0Net Assets 2018: $11,849,2352018Assets 2019: $12,086,828Liabilities 2019: $183,545Net Assets 2019: $11,903,2832019Assets 2020: $9,905,144Liabilities 2020: $383,783Net Assets 2020: $9,521,3612020Assets 2021: $12,579,955Liabilities 2021: $457,984Net Assets 2021: $12,121,9712021Assets 2022: $11,629,327Liabilities 2022: $57,366Net Assets 2022: $11,571,9612022Assets 2023: $15,868,080Liabilities 2023: $135,733Net Assets 2023: $15,732,3472023Assets 2024: $16,034,351Liabilities 2024: $174,484Net Assets 2024: $15,859,8672024Assets 2025: $24,418,657Liabilities 2025: $4,801,796Net Assets 2025: $19,616,8612025

Highlighted filing

2014

Assets$11,378,243
Liabilities$0
Net Assets$11,378,243

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $2,488,332Expenses 2011: $4,781,508Net Income 2011: -$2,293,1762011Revenue 2012: $14,148,898Expenses 2012: $12,583,757Net Income 2012: $1,565,1412012Revenue 2013: $1,323,037Expenses 2013: $3,546,721Net Income 2013: -$2,223,6842013Revenue 2014: $10,134,415Expenses 2014: $7,125,624Net Income 2014: $3,008,7912014Revenue 2015: $49,836,573Expenses 2015: $48,105,119Net Income 2015: $1,731,4542015Revenue 2016: $23,305,143Expenses 2016: $2,226,367Net Income 2016: $21,078,7762016Revenue 2017: $5,335,381Expenses 2017: $20,871,346Net Income 2017: -$15,535,9652017Revenue 2018: $12,839,863Expenses 2018: $19,643,136Net Income 2018: -$6,803,2732018Revenue 2019: $18,683,842Expenses 2019: $18,629,794Net Income 2019: $54,0482019Revenue 2020: $13,202,461Expenses 2020: $15,584,383Net Income 2020: -$2,381,9222020Revenue 2021: $17,558,418Expenses 2021: $14,957,808Net Income 2021: $2,600,6102021Revenue 2022: $10,389,227Expenses 2022: $10,939,237Net Income 2022: -$550,0102022Revenue 2023: $5,104,875Expenses 2023: $944,489Net Income 2023: $4,160,3862023Revenue 2024: $939,957Expenses 2024: $812,437Net Income 2024: $127,5202024Revenue 2025: $20,634,341Expenses 2025: $16,877,347Net Income 2025: $3,756,9942025

Highlighted filing

2014

Revenue$10,134,415
Expenses$7,125,624
Net Income$3,008,791
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$10,134,415
Mission and Program Overview

Mission

To provide funds for the settlement of covered claims against insolvent insurance companies as directed under the iowa life and health insurance guaranty association act, code of iowa, chapter 508c.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,961,022$9,148,547▲ $3,187,525
Investments in Publicly Traded Securities$2,375,159$1,980,665▼ $394,494
Cash and Non-Interest-Bearing Accounts$33,271$249,031▲ $215,760
Total Assets$8,369,452$11,378,243▲ $3,008,791
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$8,369,452$11,378,243▲ $3,008,791
Total Net Assets Fund Balance$8,369,452$11,378,243▲ $3,008,791
Total Liabilities and Net Assets / Fund Balance$8,369,452$11,378,243▲ $3,008,791
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Nyemaster Goode PCLegal Services-$389,986
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,027,684
Investment Income
$106,731
Other Revenue
$0
Change in Net Assets
$3,008,791

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,134,415
Revenue Not Reported on Form 990
$253,938
Total Revenue per Audited Statements
$10,388,353
Total Revenue per Form 990
$10,134,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,496,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$4,629,264
Fees for Services Legal---$419,782
Fees for Services Accounting---$93,555
Interest---$44,565
Travel---$3,275
Office Expenses---$1,448
Other Expenses---$1,257
All Other Expenses---$1,103
Total Functional Expenses$0$0$0$7,125,624

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,379,562
Expenses per Audited Statements$7,125,624
Total Expenses per Form 990$7,125,624
Expenses Not Reported on Form 990$253,938
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members are any companies licensed to sell life, health, or annuity insurance products in iowa. The number of members fluctuates based on the number of new licenses issued and the number of licenses that expire, are withdrawn or revoked. The iowa insurance department is in control of issuing these licenses, and the iowa life and health insurance guaranty association has no vote as to which companies will become members.

Form 990, Page 6, Part VI, Line 7A

Member insurers elect directors

Form 990, Page 6, Part VI, Line 7B

Indirectly, as member insurers elect directors

Form 990, Page 6, Part VI, Line 11B

G. Thomas sullivan, executive director, reviews form 990 prior to signature by the chairman. A copy of form 990 is provided to all directors.

Form 990, Page 6, Part VI, Line 12C

Members are asked to sign a statement confirming their knowledge of this policy and disclosing conflicts of interest, if any.

Form 990, Page 6, Part VI, Line 19

There is a website that gives information on how to obtain all governing documents and financial statements.

Form 990, Page 7, Part VII

Independent contractor 990, part vii compensation of the five highest paid ind. Contractors the chair of the audit committee, who is independent from nyemaster goode law firm, reviews all legal invoices from nyemaster goode law firm before they are paid.

Filing and Contact Details

Filer

EIN
42-1305718
Phone
5152833100

Signing Officer

Name
Merle T Pederson
Title
Chairman
Phone
5152833100
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Merle T Pederson
Formed
1987
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
Holly Larson
Phone
5152453737
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Interaccount loan 253,938 interaccount loan -253,938

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Interaccount loan 253,938

Schedule D, Page 4, Part XII, Line 2D

Interaccount loan 253,938

Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0ELIZABETH P LINDSAY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTERACCOUNT LOAN 253,938
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTERACCOUNT LOAN 253,938
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt07125624
IRS990ScheduleD/TotalRevenuePerForm990Amt010134415
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010388353
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07379562
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE ANY COMPANIES LICENSED TO SELL LIFE, HEALTH, OR ANNUITY INSURANCE PRODUCTS IN IOWA. THE NUMBER OF MEMBERS FLUCTUATES BASED ON THE NUMBER OF NEW LICENSES ISSUED AND THE NUMBER OF LICENSES THAT EXPIRE, ARE WITHDRAWN OR REVOKED. THE IOWA INSURANCE DEPARTMENT IS IN CONTROL OF ISSUING THESE LICENSES, AND THE IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION HAS NO VOTE AS TO WHICH COMPANIES WILL BECOME MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER INSURERS ELECT DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDIRECTLY, AS MEMBER INSURERS ELECT DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3G. THOMAS SULLIVAN, EXECUTIVE DIRECTOR, REVIEWS FORM 990 PRIOR TO SIGNATURE BY THE CHAIRMAN. A COPY OF FORM 990 IS PROVIDED TO ALL DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS ARE ASKED TO SIGN A STATEMENT CONFIRMING THEIR KNOWLEDGE OF THIS POLICY AND DISCLOSING CONFLICTS OF INTEREST, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE IS A WEBSITE THAT GIVES INFORMATION ON HOW TO OBTAIN ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INDEPENDENT CONTRACTOR 990, PART VII COMPENSATION OF THE FIVE HIGHEST PAID IND. CONTRACTORS THE CHAIR OF THE AUDIT COMMITTEE, WHO IS INDEPENDENT FROM NYEMASTER GOODE LAW FIRM, REVIEWS ALL LEGAL INVOICES FROM NYEMASTER GOODE LAW FIRM BEFORE THEY ARE PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INTERACCOUNT LOAN 253,938 INTERACCOUNT LOAN -253,938
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 7, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08369452
IRS990/TotalAssetsEOYAmt011378243
IRS990/TotalAssetsGrp/BOYAmt08369452
IRS990/TotalAssetsGrp/EOYAmt011378243
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt07125624
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08369452
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011378243
IRS990/TotalProgramServiceRevenueAmt010027684
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010134415
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010134415
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08369452
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011378243
IRS990/TravelGrp/TotalAmt03275
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08369452
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011378243
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10711 HIGH STREET
IRS990/USAddress/City0DES MOINES
IRS990/USAddress/State0IA
IRS990/USAddress/ZIPCode050309
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.IALIFEGA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MERLE T PEDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05152833100
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10IOWA LIFE & HEALTH INSURANCE
ReturnHeader/Filer/BusinessName/BusinessNameLine20GUARANTY ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0IOWA
ReturnHeader/Filer/EIN0421305718
ReturnHeader/Filer/PhoneNum05152833100
ReturnHeader/Filer/USAddress/AddressLine10700 WALNUT STREET
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 1600
ReturnHeader/Filer/USAddress/City0DES MOINES
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode050309
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203626340
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HAMILTON JUFFER & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10666 GRAND AVE STE 2400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0503092506
ReturnHeader/PreparerPersonGrp/PhoneNum05152453737
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOLLY LARSON
ReturnHeader/ReturnTs02014-11-07T16:58:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$4.80$19.6$20.6$16.9$3.76
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$0.17$15.9$0.94$0.81$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.14$15.7$5.10$0.94$4.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.06$11.6$10.4$10.9$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$0.46$12.1$17.6$15.0$2.60
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$0.38$9.52$13.2$15.6$2.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.18$11.9$18.7$18.6$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.00$11.8$12.8$19.6$6.80
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$0.00$18.7$5.34$20.9$15.5
2016Detailed filing. Detailed filing data is available for this year.$34.2$0.00$34.2$23.3$2.23$21.1
2015Detailed filing. Detailed filing data is available for this year.$13.1$0.00$13.1$49.8$48.1$1.73
2014Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$10.1$7.13$3.01
2013Summary only. Only limited summary data is available for this year.$8.37$0.00$8.37$1.32$3.55$2.22
2012Summary only. Only limited summary data is available for this year.$10.6$0.00$10.6$14.1$12.6$1.57
2011Summary only. Only limited summary data is available for this year.$9.50$0.47$9.03$2.49$4.78$2.29