Mississippi Life And Health Insurance Guaranty Association

Organization Overview

Mississippi Life And Health Insurance Guaranty Association is located in Jackson, MS. The organization was established in 1987. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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, Mississippi Life And Health Insurance Guaranty Association generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 15.6% 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

GUARANTOR OF INSURANCE COMPANIES DOING BUSINESS IN THE STATE OF MISSISSIPPI

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION PROTECTS POLICYHOLDERS, BENEFICIARIES, ANNUITANTS, ETC. AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS OF AN INSOLVENT MEMBER INSURER.


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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$1,253,252
Investment income $431,411
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 $1,692,715

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