EIN 94-2428532

Nevada Life and Health Insurance Guaranty Association

IRS 501(c) type
501(c)(6)
Num. employees
0
Year formed
1975
Most recent tax filings
2022-12-01
Description
The Nevada Life and Health Insurance Guaranty Association aims to provide protection for policyholders and their beneficiaries if the insurance company that issued their life, health or annuity insurance policy becomes insolvent. Its purpose is to safeguard policy owners, insureds, beneficiaries, annuitants, payees and assignees of life insurance policies, health insurance policies, annuity contracts and supplemental contracts. The association is based in Roseville, CA.
Total revenues
$131,195
2022
Total expenses
$359,159
2022
Total assets
$9,428,362
2022
Num. employees
0
2022

Program areas at Nevada Life and Health Insurance Guaranty Association

The Nevada Life and Health Insurance Guaranty Association's purpose is to protect policy owners, insureds, beneficiaries, annuitants, payees and assignees of life insurance policies, health insurance policies, annuity contracts and supplemental contracts, subject to limitations provided by Nevada state law, in the event of the failure of the issuing insurance company. This activity is the Association's only program service and constitutes 100% of the Association's time. In 2022 the Association provided policyholder benefits to Nevada resident insureds of three insolvent insurers. The Association also provided support to insurance company receivers, former insureds, etc., of a number of other insolvencies.

Personnel at Nevada Life and Health Insurance Guaranty Association

NameTitleCompensation
Todd Thakar Thakar GroupExecutive Director$132,000
Holly O'ConnorDirector of Operations
Candie KinchDirector of Finance
Louis RoggensackPast Executive Director and Director / Executive Director and Chairman of the Board$159,627
Todd ThakarPast Executive Director
...and 5 more key personnel

Financials for Nevada Life and Health Insurance Guaranty Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$70,759
Investment income and dividends$60,436
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$131,195

Form 990s for Nevada Life and Health Insurance Guaranty Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-05990View PDF
2019-122020-12-03990View PDF
2018-122019-10-12990View PDF
2017-122018-10-16990View PDF
2016-122017-10-25990OView PDF
...and 5 more Form 990s
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 30, 2023
Updated personnel
Identified 6 new personnel
May 19, 2023
Updated personnel
Identified 3 new personnel
July 26, 2022
Updated personnel
Identified 3 new personnel
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Mutual assistance organizationsInsurance companies
Issues
Health
Characteristics
State / local levelNo full-time employees
General information
Address
2999 Douglas Blvd Ste 180
Roseville, CA 95670
Metro area
Sacramento-Roseville-Folsom, CA
Website URL
nvlifega.org/ 
Phone
(916) 631-1581
IRS details
EIN
94-2428532
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1975
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
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