VT LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION

Address
1 NATIONAL LIFE DR
MONTPELIER, VT 05604-1000
Contact
Website: http://www.vtlifega.org
Phone: +1 (802) 229-3553
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 03-0260123

Mission

PROTECTION FOR VERMONT POLICY HOLDERS
 20172016201520142013
Basic features of the organization
Year of formation1971
Subsection code06
Form of organization
AssociationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $20,890.00 $19,295.00$18,540.00
Sum of reportable (W2/1099) compensation $20,890.00 $19,295.00$20,050.00
Number of employees 0 00
Number of people compensated >$100k 0 00
Number of highly compensated contractors 0 00
Personnel
Arnold, Ralph
Title  DirectorDirectorDirector
Name of key/compensated person  RALPH ARNOLDRALPH ARNOLDRALPH ARNOLD
Position of compensated person
Current individual trustee or director   TrueTrue
Officer, director, trustee, or key employee  True  
Average hours per week working for org   0.250.25
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Beers, John
Title  DirectorDirectorDirector
Name of key/compensated person  JOHN BEERSJOHN BEERSJOHN BEERS
Position of compensated person
Current individual trustee or director   TrueTrue
Officer, director, trustee, or key employee  True  
Average hours per week working for org   0.250.25
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Brockway, Richard
Title TreasurerTreasurerTreasurerTreasurer
Name of key/compensated person RICHARD BROCKWAYRICHARD BROCKWAYRICHARD BROCKWAYRICHARD BROCKWAY
Position of compensated person
Officer, director, trustee, or key employee  True  
Average hours per week working for org 4.00 4.004.00
Reportable compensation from org $20,890.00$20,075.00$19,295.00$20,050.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Buck, Bradford
Title Director   
Name of key/compensated person BRADFORD BUCK   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.25   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Burke, Robert
Title ChairmanChairmanChairmanChairman
Name of key/compensated person ROBERT BURKEROBERT BURKEROBERT BURKEROBERT BURKE
Position of compensated person
Current individual trustee or director True TrueTrue
Officer, director, trustee, or key employee  True  
Average hours per week working for org 0.50 0.500.50
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Callnan, William
Title  ADMINISTRATORADMINISTRATORADMINISTRATOR
Name of key/compensated person  WILLIAM CALLNANWILLIAM CALLNANWILLIAM CALLNAN
Position of compensated person
Officer, director, trustee, or key employee  True  
Average hours per week working for org   4.004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Clegg, Mathew
Title  Director  
Name of key/compensated person  MATHEW CLEGG  
Officer, director, trustee, or key employee  True  
Reportable compensation from org  $0.00  
Companie, Sheila
Title Director   
Name of key/compensated person SHEILA COMPANIE   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.25   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Flores, John
Title DirectorDirectorDirectorDirector
Name of key/compensated person JOHN FLORESJOHN FLORESJOHN FLORESJOHN FLORES
Position of compensated person
Current individual trustee or director True TrueTrue
Officer, director, trustee, or key employee  True  
Average hours per week working for org 0.25 0.250.25
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Hasch, Jean
Title ADMINISTRATOR   
Name of key/compensated person JEAN HASCH   
Position of compensated person
Average hours per week working for org 4.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Iannatuono, Maria
Title Director   
Name of key/compensated person MARIA IANNATUONO   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.25   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Lawrence, Carla
Title SecretarySecretarySecretarySecretary
Name of key/compensated person CARLA LAWRENCECARLA LAWRENCECARLA LAWRENCECARLA LAWRENCE
Position of compensated person
Officer, director, trustee, or key employee  True  
Average hours per week working for org 2.00 2.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Lynch, Robert
Title  DirectorDirectorDirector
Name of key/compensated person  ROBERT LYNCHROBERT LYNCHROBERT LYNCH
Position of compensated person
Current individual trustee or director   TrueTrue
Officer, director, trustee, or key employee  True  
Average hours per week working for org   0.250.25
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Quinn, Sean
Title DirectorDirectorDirectorDirector
Name of key/compensated person SEAN QUINNSEAN QUINNSEAN QUINNSEAN QUINN
Position of compensated person
Current individual trustee or director True TrueTrue
Officer, director, trustee, or key employee  True  
Average hours per week working for org 0.25 0.250.25
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00$0.00
Average hours per week working for related orgs 0.00 0.000.00
Redmond, Gregory
Title Director   
Name of key/compensated person GREGORY REDMOND   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.25   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.00   
Ruegg, James
Title   DirectorDirector
Name of key/compensated person   JAMES RUEGGJAMES RUEGG
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.250.25
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activities PROTECTION FOR VERMONT POLICY HOLDERS PROTECTION FOR VERMONT POLICY HOLDERSPROTECTION FOR VERMONT POLICY HOLDERS
Primary exempt purpose  PROTECTION FOR VERMONT POLICY HOLDERS  
Programs, including revenue & expenses
PROTECTION OF GUARANTEES FOR POLICY HOLDERS OF INSOLVENT INSURERS
Program description PROTECTION OF GUARANTEES FOR POLICY HOLDERS OF INSOLVENT INSURERS PROTECTION OF GUARANTEES FOR POLICY HOLDERS OF INSOLVENT INSURERSPROTECTION OF GUARANTEES FOR POLICY HOLDERS OF INSOLVENT INSURERS
Financial data
Revenue
Total revenue$5,634,060.00$602,970.00$6,445.00$6,678.00$1,402,716.00
Revenue from contributions (total) $601,341.00$0.00$0.00$1,401,726.00
Investment income, current yr $1,629.00$502.00$710.00$842.00
Total revenue from grants, etc., current yr $601,341.00 $0.00$1,401,726.00
Other revenue, current yr $0.00 $0.00$0.00
Program service revenue (total) $0.00$5,943.00$5,968.00$148.00
Sources of contributions
Contributions revenue from membership dues $601,341.00  $1,401,726.00
Other types of revenue
Royalties (total) $0.00 $0.00$0.00
Miscellaneous revenue (total) $0.00 $0.00$0.00
Net revenue from gaming (total) $0.00 $0.00$0.00
Investment income $1,629.00 $710.00$842.00
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events $0.00 $0.00$0.00
Net inventory sales (total) $0.00 $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all $202,816.00 $193,699.00$1,112,567.00
Total functional expenses: program service  $0.00 $0.00$0.00
Total functional expenses: management and general $0.00 $0.00$0.00
Total functional expenses: fundraising $0.00 $0.00$0.00
Fees for services
Lobbying fees (total) $0.00 $0.00$0.00
Legal fees (total) $0.00 $3,500.00$0.00
Fundraising service fees (total) $0.00 $0.00$0.00
General management fees (total) $90,000.00 $84,333.00$80,333.00
Investment management fees (total) $0.00 $0.00$0.00
Assets and liabilities
Total assets$619,614.00$796,252.00$403,447.00$579,987.00$767,008.00
Total assets, beginning of year $403,447.00$579,987.00$767,008.00$478,369.00
Total liabilities $0.00$7,349.00$0.00$0.00
Total liabilities, beginning of year $7,349.00  $1,510.00
Pledges & accounts receivable, net $0.00 $0.00$0.00
Loans & receivables from key persons $0.00 $0.00$0.00
Unrestricted net assets, end of yr $796,252.00 $579,987.00$767,008.00
Net assets $796,252.00$396,098.00$579,987.00$767,008.00
Net assets, beginning of year $396,098.00 $767,008.00$476,859.00
Intangible assets $0.00 $0.00$0.00
Other assets $0.00 $0.00$0.00
Investments: other securities $0.00 $0.00$0.00
Investments: publicly traded securities $0.00 $0.00$0.00
Cash: non-interest bearing $145,004.00 $57,849.00$17,261.00
Cash: non-interest bearing, beginning of year $73,367.00 $17,261.00$3,682.00
Investments -- program-related $0.00 $0.00$0.00
Inventories for sale or use $0.00 $0.00$0.00
Other financial variables
Revenue less expenses $400,154.00 -$187,021.00$290,149.00
Advertising (total) $0.00 $0.00$0.00
Savings & temp cash investment $650,804.00 $520,574.00$749,420.00
Accounts receivable, net $0.00 $0.00$0.00
Prepaid expenses & deferred charges $444.00 $1,564.00$327.00
Total net assets or fund balances $796,252.00 $579,987.00$767,008.00
Depreciation, depletion, amortization $0.00 $0.00$0.00
Payment to affiliates $0.00 $0.00$0.00
Governance and accountability
Number of voting members 7 77
Number of independent voting members 7 77
Financial sheets were audited True TrueTrue
Accrual accounting TrueTrueTrueTrue
Tax year start date 2016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Business transaction with entity owner   True 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990EZ990990
IRS schema version 2016v3.02015v2.02014v5.02013v3.1
Filing identifier 201701309349301880201631279349200858201541319349302094201401259349301620
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