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Nonprofit · EIN 23-2135158

PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

Tax-exempt · BALA CYNWYD, PA 19004

Financials

$23.3M$2.7M2023$250.6M$56M2024
Revenue Expenses · by fiscal year end
Financials of PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$250,648,552$55,966,303$194,682,249$244,956,972$0$244,956,972
December 31, 2023990$23,336,573$2,714,931$20,621,642$50,274,723$0$50,274,723
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$247,982,860
Investment income
$2,665,692
Net gain from sales of assets
$233,515
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$54,666,465
Compensation of officers, directors and key employees
$297,700
Other salaries and wages
$101,344
Salaries, compensation and benefits (total)
$467,135
Professional fundraising fees
$0
Legal fees
$40,118
Accounting fees
$77,063
Occupancy
$25,462

Balance sheet and other

Total assets, start of year
$50,274,723
Total assets, end of year
$244,956,972
Total liabilities, end of year
$0
Net assets, end of year
$244,956,972
Publicly traded securities
$44,126,828
Gross receipts
$282,994,024
Employees
2
Year formed
1978
State of legal domicile
PA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
NANCY MARGOLISEXECUTIVE DI
Officer
40$297,700$8,931
CVS HEALTHDIRECTOR
Trustee or director
1$0$0
COLONIAL PENN LIFE INSURANCE CODIRECTOR
Trustee or director
1$0$0
ERIE FAMILY LIFE INSURANCE CODIRECTOR
Trustee or director
1$0$0
FARMERS NEW WORLD LIFE INSURANCE CODIRECTOR
Trustee or director
1$0$0
INDEPENDENCE BLUE CROSSDIRECTOR
Trustee or director
1$0$0
MASSACHUSETTS MUTUAL LIFE INS COVICE CHAIR
Trustee or director, Officer
1$0$0
METROPOLITAN LIFE INSURANCE CODIRECTOR
Trustee or director
1$0$0
NATIONWIDE LIFE INS CODIRECTOR
Trustee or director
1$0$0
THE PENN MUTUAL LIFE INSURANCE COCHAIR
Trustee or director, Officer
1$0$0
UPMC INSURANCE SERVICESSECRETARY/TR
Trustee or director, Officer
1$0$0
UNITED HEALTHCARE INSURANCE CODIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
NANCY MARGOLISEXECUTIVE DI
Officer
40$288,050$8,641
CVS HEALTHDIRECTOR
Trustee or director
–$0$0
COLONIAL PENN LIFE INSURANCE CODIRECTOR
Trustee or director
–$0$0
ERIE FAMILY LIFE INSURANCE CODIRECTOR
Trustee or director
–$0$0
FARMERS NEW WORLD LIFE INSURANCE CODIRECTOR
Trustee or director
–$0$0
INDEPENDENCE BLUE CROSSDIRECTOR
Trustee or director
–$0$0
MASSACHUSETTS MUTUAL LIFE INS COVICE CHAIR
Trustee or director, Officer
2$0$0
METROPOLITAN LIFE INSURANCE CODIRECTOR
Trustee or director
–$0$0
NATIONWIDE LIFE INS CODIRECTOR
Trustee or director
–$0$0
THE PENN MUTUAL LIFE INSURANCE COCHAIR
Trustee or director, Officer
2$0$0
UPMC INSURANCE SERVICESSECRETARY/TR
Trustee or director, Officer
2$0$0
UNITED HEALTH GROUPDIRECTOR
Trustee or director
–$0$0

Address and contacts

Address (IRS master file)
TWO BALA PLAZA, BALA CYNWYD, PA 19004-1501
Principal officer (990 for 2024)
NANCY MARGOLIS, TWO BALA PLAZA, SUITE 710, BALA CYNWYD, PA 19004
Signed the 990
NANCY MARGOLIS, EXECUTIVE DIRECTOR
Phone
(610) 975-0572
Return prepared by
CUNNINGHAM CAREY & PHILLIPS

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROTECT POLICYHOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE INSURANCE POLICIES, HEALTH INSURANCE POLICIES, ANNUITY CONTRACTS AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OR INSOLVENCY OF THE INSURER ISSUING SUCH POLICIES.

990 for the year ended December 31, 2024

Program accomplishments

  • CLAIM PAYMENTS AND RELATED EXPENSES MADE TO POLICYHOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE INSURANCE POLICIES, HEALTH INSURANCE POLICIES, ANNUITY CONTRACTS AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OR INSOLVENCY OF THE INSURER ISSUING SUCH POLICIES. THE ASSOCIATION ALSO PROVIDES INFORMATION REGARDING THE COVERAGE OF BENEFITS IN RESPONSE TO INQUIRIES FROM POLICY HOLDERS, AGENTS, INSURANCE REGULATORS AND OTHERS.
    Expenses $55,966,303

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2135158
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$244,956,972
Income (IRS master file)
$282,994,024

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$250,648,552$55,966,303$244,956,972XML
990December 2023$23,336,573$2,714,931$50,274,723XML
990December 2022$396,599$1,941,833$29,653,081IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 23-2135158).

Questions about PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

What is the EIN of PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
The employer identification number (EIN) of PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION is 23-2135158.
Is PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1981.
Are donations to PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PENNSYLVANIA 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 PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PENNSYLVANIA 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 December 2024.
Who is the principal officer of PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2024 names NANCY MARGOLIS.
Who are the officers and directors of PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $297,700 (NANCY MARGOLIS, EXECUTIVE DI).
How much revenue does PENNSYLVANIA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $250,648,552, expenses of $55,966,303 and total assets of $244,956,972 at year end.

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