Nonprofit · EIN 41-1333903
MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,671,412 | $18,306,101 | -$6,634,689 | $20,258,904 | $11,872,176 | $8,386,728 |
| December 31, 2024 | 990 | $554,896 | $383,607 | $171,289 | $16,542,087 | $1,520,670 | $15,021,417 |
| December 31, 2023 | 990 | $618,123 | $361,098 | $257,025 | $16,370,798 | $1,520,670 | $14,850,128 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,517,154
- Investment income
- $154,258
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,086
- Other salaries and wages
- $6,885
- Salaries, compensation and benefits (total)
- $126,971
- Professional fundraising fees
- $0
- Legal fees
- $28,741
- Accounting fees
- $27,450
- Travel
- $46,909
Balance sheet and other
- Total assets, start of year
- $16,542,087
- Total assets, end of year
- $20,258,904
- Total liabilities, end of year
- $11,872,176
- Net assets, end of year
- $8,386,728
- Gross receipts
- $11,671,412
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA OLSEN | EXECUTIVE DIRECTOR Officer | 32 | $120,086 |
| ASHLEY BEAUDRY | CHAIR Trustee or director, Officer | 0.5 | $0 |
| ANGELA HOLLAN | DIRECTOR Trustee or director | 0.3 | $0 |
| CARLY COLE | DIRECTOR Trustee or director | 0.3 | $0 |
| JOY HIGA | DIRECTOR Trustee or director | 0.3 | $0 |
| SARA HREHA | SECRETARY/TREASURER & DIRE Trustee or director | 0.3 | $0 |
| PAULA MINELLA | DIRECTOR Trustee or director | 0.3 | $0 |
| KERI O'BRIEN | VICE CHAIR Trustee or director | 0.5 | $0 |
| SARAH JAMES | DIRECTOR Trustee or director | 0.3 | $0 |
| LAURA HANSON | DIRECTOR Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA OLSEN | EXECUTIVE DIRECTOR Officer | 32 | $124,019 |
| ASHLEY BEAUDRY | CHAIR Trustee or director, Officer | 0.5 | $0 |
| ANGELA HOLLAN | DIRECTOR Trustee or director | 0.3 | $0 |
| ELIZABETH BYRNE | DIRECTOR Trustee or director | 0.3 | $0 |
| JOY HIGA | DIRECTOR Trustee or director | 0.3 | $0 |
| SARA HREHA | SECRETARY/TREASURER & DIRE Trustee or director | 0.3 | $0 |
| PAULA MINELLA | DIRECTOR Trustee or director | 0.3 | $0 |
| KERI O'BRIEN | VICE CHAIR Trustee or director | 0.5 | $0 |
| JENNIFER WEBB | DIRECTOR Trustee or director | 0.3 | $0 |
| SARAH JAMES | DIRECTOR Trustee or director | 0.3 | $0 |
| LAURA HANSON | DIRECTOR Trustee or director | 0.3 | $0 |
| ELIZABETH LINDSAY | DIRECTOR Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA OLSEN | EXECUTIVE DIRECTOR Officer | 32 | $129,647 |
| ELIZABETH BYRNE | CHAIR & DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| ANGELA HOLLAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ASHLEY BEAUDRY | VICE CHAIR Trustee or director | 0.3 | $0 |
| JOY HIGA | DIRECTOR Trustee or director | 0.3 | $0 |
| SARA HREHA | DIRECTOR Trustee or director | 0.3 | $0 |
| PAULA MINELLA | DIRECTOR Trustee or director | 0.3 | $0 |
| KERI O'BRIEN | DIRECTOR Trustee or director | 0.3 | $0 |
| JENNIFER WEBB | SECRETARY/TREASURER & DIRECTOR Trustee or director | 0.3 | $0 |
| SARAH JAMES | DIRECTOR Trustee or director | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 225 S 6TH ST STE 2900, MINNEAPOLIS, MN 55402-4609
- In care of
- % COMMISSIONER OF INSURANCE
- Principal officer (990 for 2025)
- PAMELA OLSEN, 225 SOUTH 6TH STREET 2900, MINNEAPOLIS, MN 55402
- Signed the 990
- PAMELA OLSEN, EXECUTIVE DIRECTOR
- Phone
- (612) 322-8713
- Website
- WWW.MNLIFEGA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES.
Program accomplishments
- THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1333903
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,258,904
- Income (IRS master file)
- $11,671,412
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,671,412 | $18,306,101 | $20,258,904 | XML |
| 990 | December 2024 | $554,896 | $383,607 | $16,542,087 | IRS |
| 990 | December 2023 | $618,123 | $361,098 | $16,370,798 | XML |
| 990 | December 2022 | $804 | $304,870 | $16,113,773 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1333903).
Questions about MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
- What is the EIN of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION is 41-1333903.
- Is MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
- Are donations to MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 names PAMELA OLSEN.
- Who are the officers and directors of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $120,086 (PAMELA OLSEN, EXECUTIVE DIRECTOR).
- How much revenue does MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,671,412, expenses of $18,306,101 and total assets of $20,258,904 at year end.
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