Nonprofit · EIN 05-0420932
RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
Tax-exempt · PROVIDENCE, RI 02903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $73,688,018 | $67,568,047 | $6,119,971 | $8,709,237 | $0 | $8,709,237 |
| September 30, 2024 | 990 | $93,393 | $292,113 | -$198,720 | $2,589,266 | $0 | $2,589,266 |
| September 30, 2023 | 990 | $397,111 | $191,394 | $205,717 | $2,774,768 | $0 | $2,774,768 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $72,959,295
- Investment income
- $728,723
- Net gain from sales of assets
- $391,632
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $79,583
- Other salaries and wages
- $8,500
- Salaries, compensation and benefits (total)
- $95,332
- Professional fundraising fees
- $0
- Legal fees
- $29,000
- Accounting fees
- $36,238
- Occupancy
- $20,029
- Travel
- $12,673
Balance sheet and other
- Total assets, start of year
- $2,589,266
- Total assets, end of year
- $8,709,237
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,709,237
- Publicly traded securities
- $1,889,614
- Net assets without donor restrictions
- $8,709,237
- Gross receipts
- $195,378,933
- Employees
- 2
- Year formed
- 1986
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margarett Sperry Esq | Executive Direc Officer | 20 | $79,583 |
| Brooks R Magratten | Executive Direc Officer | 20 | $20,000 |
990 for the year ended September 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Sperry Esq | Executive Direc Officer | 20 | $95,500 |
990 for the year ended September 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Sperry Esq | Executive Direc Officer | 20 | $112,000 |
Address and contacts
- Address (IRS master file)
- ONE CITIZENS PLZ 10TH FLR, PROVIDENCE, RI 02903-1344
- In care of
- % PIERCE ATWOOD
- Signed the 990
- Brooks R Magratten, Executive Direc
- Phone
- (401) 490-3422
- Website
- www.rilifega.org
- Return prepared by
- Ward Fisher & Company LLP
Mission
Maintain public confidence in the promises of insurers by paying claims of insolvent insurance companies licensed to write life, annuity and health insurance in Rhode Island
Program accomplishments
- Claims paid to beneficiaries of insolvent insurance companies and reimbursements received of previously paid claims totaling a net of $66,964,940.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 05-0420932
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,709,237
- Income (IRS master file)
- $195,378,933
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $73,688,018 | $67,568,047 | $8,709,237 | XML |
| 990 | September 2024 | $93,393 | $292,113 | $2,589,266 | XML |
| 990 | September 2023 | $397,111 | $191,394 | $2,774,768 | XML |
| 990 | September 2022 | $359,286 | $289,050 | $2,569,051 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0420932).
Questions about RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
- What is the EIN of RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION is 05-0420932.
- Is RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended September 30, 2025 lists 2 people; 2 received compensation from the organization, the highest $79,583 (Margarett Sperry Esq, Executive Direc).
- How much revenue does RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $73,688,018, expenses of $67,568,047 and total assets of $8,709,237 at year end.
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