Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc

Organization Overview

Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc is located in Austin, TX. The organization was established in 1978. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc 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 12/2021, Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc generated $31.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 8.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TLHIGA WAS ESTABLISHED BY CHAPTER 463 OF THE TEXAS INSURANCE CODE TO PROVIDE CERTAIN PROTECTIONS TO LIFE, HEALTH AND ANNUITY POLICYHOLDERS AND HMO MEMBERS IN THE EVENT THEIR MEMBER COMPANY IS FOUND TO BE INSOLVENT AND ORDERED LIQUIDATED BY A COURT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION PROVIDES PROTECTION TO TEXAS POLICY HOLDERS IN THE EVENT THEIR INSURANCE COMPANY BECOMES INSOLVENT.


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Board, Officers & Key Employees

Name (title)Compensation
Bart A Boles
Executive Director
$245,462
Jarrett Terry
Senior Accountant
$106,250
James Lewis
Director
$0
James Harrison
Director
$0
Dean Frigo
Director
$0
Ted Kennedy
Director
$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$30,687,340
Investment income $731,566
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 $31,418,906

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