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Nonprofit · EIN 63-0960930

ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC

Also known as ALDIGA

Tax-exempt · BIRMINGHAM, AL 35242

Financials

$6.1M$5.8M2023$46.8M$17.7M2024
Revenue Expenses · by fiscal year end
Financials of ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$46,768,765$17,668,008$29,100,757$49,182,658$89,705,868-$40,523,210
December 31, 2023990$6,101,619$5,805,962$295,657$20,082,683$108,599,150-$88,516,467
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,148,076
Investment income
$248,760
Other revenue
$45,371,929

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$188,393
Other salaries and wages
$58,550
Salaries, compensation and benefits (total)
$286,649
Professional fundraising fees
$0
Legal fees
$43,649
Accounting fees
$35,200
Occupancy
$12,519
Depreciation
$943

Balance sheet and other

Total assets, start of year
$20,082,683
Total assets, end of year
$49,182,658
Total liabilities, end of year
$89,705,868
Net assets, end of year
-$40,523,210
Land, buildings and equipment
$939
Publicly traded securities
$4,520,145
Gross receipts
$46,768,765
Employees
2
Volunteers
0
Year formed
1982
State of legal domicile
AL

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
DOTTY STILLEXECUTIVE DIRECTOR
Officer
40$168,862$19,530
ALFA LIFE INS SID BELCHERCHAIRMAN
Trustee or director, Officer
2$0$0
PROTECTIVE LIFE MARY PAT LAWRENCEVICE CHAIR (11 MO)
Trustee or director, Officer
2$0$0
PROTECTIVE LIFE LYDIA MESSINAVICE CHAIR (1 MO)
Trustee or director, Officer
2$0$0
LIFE INS CO OF AL CLARENCE DAUGETTESECRETARY/TREASURER
Trustee or director, Officer
1$0$0
LIBERTY NATL LIFE JENNIFER DELGIORNDIRECTOR
Trustee or director
1$0$0
AMERICAN GEN LIFE INS TOM GLASSONDIRECTOR (1 MO)
Trustee or director
1$0$0
AMERICAN GEN LIFE INSTED KENNEDYDIRECTOR (11 MO)
Trustee or director
1$0$0
UNTD HLTH CARE LIFE SHERRY GILLESPIDIRECTOR
Trustee or director
1$0$0
METROPOLITAN LIFE BERNADETTE FLYNNDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
DOTTY STILLEXECUTIVE DIRECTOR
Officer
40$165,250$18,582
PROTECTIVE LIFE MARY PAT LAWRENCECHAIR (9 MO)/ VICE CHAIR (3 MO)
Trustee or director, Officer
2$0$0
ALFA LIFE INS SID BELCHERVICE CHAIR (9 MO)/ CHAIR (3 MO)
Trustee or director, Officer
2$0$0
LIFE INS CO OF AL CLARENCE DAUGETTESECRETARY/TREASURER
Trustee or director, Officer
1$0$0
LIBERTY NATL LIFE JENNIFER WATKINSDIRECTOR
Trustee or director
1$0$0
AMERICAN GEN LIFE INS TOM GLASSONDIRECTOR
Trustee or director
1$0$0
UNTD HLTH CARE LIFE SHERRY GILLESPIDIRECTOR
Trustee or director
1$0$0
METROPOLITAN LIFE BERNADETTE FLYNNDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2009 EAGLE RIDGE DR, BIRMINGHAM, AL 35242-5442
Principal officer (990 for 2024)
LIFE INS CO OF AL CLARENC, 2009 EAGLE RIDGE DR, BIRMINGHAM, AL 35242
Signed the 990
LIFE INS CO OF AL CLARENCE DAUGETTE, TREASURER
Phone
(205) 879-2202
Return prepared by
KASSOUF & CO INC

Mission

PROVIDING PAYMENTS TO OR ON BEHALF OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES & PROVIDING CONTINUED COVERAGE FOR POLICYHOLDERS BY NEGOTIATING REINSURANCE AGREEMENTS OR PROVIDING ADMINISTRATIVE SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ALABAMA INSURANCY GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA.THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION.

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
63-0960930
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$49,182,658
Income (IRS master file)
$46,768,765

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$46,768,765$17,668,008$49,182,658IRS
990December 2023$6,101,619$5,805,962$20,082,683XML
990December 2022$365,091$1,983,466$20,564,479IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 63-0960930).

Questions about ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC

What is the EIN of ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC?
The employer identification number (EIN) of ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC is 63-0960930.
Is ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1996.
Are donations to ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC 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 ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC 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 ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC 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 ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC?
The 990 for the year ended December 31, 2024 names LIFE INS CO OF AL CLARENC.
Who are the officers and directors of ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $168,862 (DOTTY STILL, EXECUTIVE DIRECTOR).
How much revenue does ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $46,768,765, expenses of $17,668,008 and total assets of $49,182,658 at year end.

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