VT LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION

Address
ONE NATIONAL LIFE DRIVE
MONTPELIER, VT 05604
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
 20162015201420132012
Basic features of the organization
Year of formation1971
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 employees0 00 
Number of people compensated >$100k0 00 
Number of highly compensated contractors0 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 DirectorDirectorDirectorDirector
Name of key/compensated person JOHN BEERSJOHN BEERSJOHN BEERSJOHN BEERS
Position of compensated person
Current individual trustee or director  TrueTrue 
Officer, director, trustee, or key employee True  True
Average hours per week working for org  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 
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
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personRICHARD BROCKWAYRICHARD BROCKWAYRICHARD BROCKWAYRICHARD BROCKWAYRICHARD BROCKWAY
Position of compensated person
Officer, director, trustee, or key employee True  True
Average hours per week working for org4.00 4.004.00 
Reportable compensation from org$20,890.00$20,075.00$19,295.00$20,050.00$17,760.00
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 orgs0.00 0.000.00 
Buck, Bradford
TitleDirector    
Name of key/compensated personBRADFORD BUCK    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
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 orgs0.00    
Burke, Robert
TitleChairmanChairmanChairmanChairmanChairman
Name of key/compensated personROBERT BURKEROBERT BURKEROBERT BURKEROBERT BURKEROBERT BURKE
Position of compensated person
Current individual trustee or directorTrue TrueTrue 
Officer, director, trustee, or key employee True  True
Average hours per week working for org0.50 0.500.50 
Reportable compensation from org$0.00$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 orgs0.00 0.000.00 
Callnan, William
Title ADMINISTRATORADMINISTRATORADMINISTRATORADMINISTRATOR
Name of key/compensated person WILLIAM CALLNANWILLIAM CALLNANWILLIAM CALLNANWILLIAM CALLNAN
Position of compensated person
Officer, director, trustee, or key employee True  True
Average hours per week working for org  4.004.00 
Reportable compensation from org $0.00$0.00$0.00$53,243.00
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
TitleDirector    
Name of key/compensated personSHEILA COMPANIE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
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 orgs0.00    
Flores, John
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJOHN FLORESJOHN FLORESJOHN FLORESJOHN FLORESJOHN FLORES
Position of compensated person
Current individual trustee or directorTrue TrueTrue 
Officer, director, trustee, or key employee True  True
Average hours per week working for org0.25 0.250.25 
Reportable compensation from org$0.00$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 orgs0.00 0.000.00 
Glockner, Theodore
Title    Director
Name of key/compensated person    THEODORE GLOCKNER
Officer, director, trustee, or key employee    True
Reportable compensation from org    $0.00
Hasch, Jean
TitleADMINISTRATOR    
Name of key/compensated personJEAN HASCH    
Position of compensated person
Average hours per week working for org4.00    
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 orgs0.00    
Iannatuono, Maria
TitleDirector    
Name of key/compensated personMARIA IANNATUONO    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
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 orgs0.00    
Latchford, Paul
Title    Director
Name of key/compensated person    PAUL LATCHFORD
Officer, director, trustee, or key employee    True
Reportable compensation from org    $0.00
Lawrence, Carla
TitleSecretarySecretarySecretarySecretarySecretary
Name of key/compensated personCARLA LAWRENCECARLA LAWRENCECARLA LAWRENCECARLA LAWRENCECARLA LAWRENCE
Position of compensated person
Officer, director, trustee, or key employee True  True
Average hours per week working for org2.00 2.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00$17,747.00
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 orgs0.00 0.000.00 
Lynch, Robert
Title DirectorDirectorDirectorDirector
Name of key/compensated person ROBERT LYNCHROBERT LYNCHROBERT LYNCHROBERT LYNCH
Position of compensated person
Current individual trustee or director  TrueTrue 
Officer, director, trustee, or key employee True  True
Average hours per week working for org  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 
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
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personSEAN QUINNSEAN QUINNSEAN QUINNSEAN QUINN 
Position of compensated person
Current individual trustee or directorTrue TrueTrue 
Officer, director, trustee, or key employee True   
Average hours per week working for org0.25 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 orgs0.00 0.000.00 
Redmond, Gregory
TitleDirector    
Name of key/compensated personGREGORY REDMOND    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
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 orgs0.00    
Ruegg, James
Title  DirectorDirectorDirector
Name of key/compensated person  JAMES RUEGGJAMES RUEGGJAMES RUEGG
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 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROTECTION FOR VERMONT POLICY HOLDERS PROTECTION FOR VERMONT POLICY HOLDERSPROTECTION FOR VERMONT POLICY HOLDERS 
Primary exempt purpose PROTECTION FOR VERMONT POLICY HOLDERS  PROTECTION FOR VERMONT POLICY HOLDERS
Programs, including revenue & expenses
PROTECTION OF GUARANTEES FOR POLICY HOLDERS OF INSOLVENT INSURERS
Program descriptionPROTECTION 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$602,970.00$6,445.00$6,678.00$1,402,716.00$2,703.00
Revenue from contributions (total)$601,341.00$0.00$0.00$1,401,726.00$0.00
Investment income, current yr$1,629.00$502.00$710.00$842.00$1,169.00
Total revenue from grants, etc., current yr$601,341.00 $0.00$1,401,726.00 
Total unrelated business revenue$0.00 $0.00$0.00 
Other revenue, current yr$0.00 $0.00$0.00 
Program service revenue (total)$0.00$5,943.00$5,968.00$148.00$1,534.00
Gross receipts$602,970.00 $6,678.00$1,402,716.00 
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 
Income from dividends, interest, and similar investments$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$796,252.00$403,447.00$579,987.00$767,008.00$478,369.00
Total assets, beginning of year$403,447.00$579,987.00$767,008.00$478,369.00$651,472.00
Total liabilities$0.00$7,349.00$0.00$0.00$1,510.00
Total liabilities, beginning of year$7,349.00  $1,510.00$1,450.00
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$476,859.00
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 members7 77 
Number of independent voting members7 77 
Financial sheets auditedTrue TrueTrue 
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Business transaction with entity owner  True  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990EZ990990990EZ
Date e-filing submitted2017-09-072016-09-232015-08-062014-09-262013-06-28
IRS schema version2016v3.02015v2.02014v5.02013v3.12012v2.0
Filing identifier201701309349301880201631279349200858201541319349302094201401259349301620201330739349200503
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