Missouri Life And Health Insurance Guaranty Association
- Assets
- $49.5m
- Revenue
- $33.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Jefferson City, MO
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 43-1501870
Organization Overview
Missouri Life And Health Insurance Guaranty Association is located in Jefferson City, MO. The organization was established in 1997. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Missouri Life And Health Insurance Guaranty Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Life And Health Insurance Guaranty Association 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, Missouri Life And Health Insurance Guaranty Association generated $33.4m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT THE POLICYHOLDERS OF INSOLVENT INSURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR THE ASSOCIATION PROVIDED PROTECTION TO POLICYHOLDERS OF INSOLVENT INSURERS IN ACCORDANCE WITH MISSOURI STATE STATUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Kopp Executive Director | Officer | 40 | $150,646 |
James Oetting Claims Manager | 40 | $141,505 | |
Teresa Magruder Secretary-Treasurer | OfficerTrustee | 3 | $0 |
Sonya Ekart Chair | OfficerTrustee | 1 | $0 |
David Monaghan Board Member | Trustee | 1 | $0 |
David Smith Board Member | Trustee | 1 | $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 | $33,245,583 |
| Investment income | $104,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,252 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,351,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $377,844 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,753 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,819 |
| Advertising and promotion | $0 |
| Office expenses | $8,917 |
| Information technology | $8,650 |
| Royalties | $0 |
| Occupancy | $10,942 |
| Travel | $1,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100 |
| Insurance | $1,276 |
| All other expenses | $13,265 |
| Total functional expenses | $1,070,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,443,464 |
| Savings and temporary cash investments | $42,540,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,427 |
| Net Land, buildings, and equipment | $19,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,336,319 |
| Total assets | $49,452,825 |
| Accounts payable and accrued expenses | $1,367,217 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,262,623 |
| Total liabilities | $6,629,840 |
| Net assets without donor restrictions | $42,822,985 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,452,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Florida Laborers Health Fund Goodlettsville, TN | $21,527,387 | $8,809,889 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |
Sapp Brothers Petroleum Inc Employee Group Health Plan Omaha, NE | $3,121,227 | $10,056,821 |
Truman Medical Center Professional And General Liability Self-Ins Tr Kansas City, MO | $25,601,158 | $4,849,990 |
West Tennessee Healthcare Foundation Jackson, TN | $50,344,324 | $8,274,920 |
Missouri Health Connection Columbia, MO | $3,938,153 | $4,470,811 |
Hoffer Plastics Corporation Health Benefit Plan Trust South Elgin, IL | -$29,195 | $3,942,624 |
Outdoor Venture Corporation Health Benefit Trust Stearns, KY | $0 | $3,017,686 |
Life And Health Insurance Protection Association Oklahoma City, OK | $13,788,663 | $175,480 |