Nonprofit · EIN 42-1305718
IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,634,341 | $16,877,347 | $3,756,994 | $24,418,657 | $4,801,796 | $19,616,861 |
| June 30, 2024 | 990 | $939,957 | $812,437 | $127,520 | $16,034,351 | $174,484 | $15,859,867 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,973,535
- Investment income
- $660,806
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $16,008,050
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $555,284
- Accounting fees
- $74,052
- Travel
- $4,765
Balance sheet and other
- Total assets, start of year
- $16,034,351
- Total assets, end of year
- $24,418,657
- Total liabilities, end of year
- $4,801,796
- Net assets, end of year
- $19,616,861
- Net assets without donor restrictions
- $19,616,861
- Gross receipts
- $20,634,341
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1987
- State of legal domicile
- IA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET NUNNE | DIRECTOR Institutional trustee | 1 | $0 |
| MEGAN A CLAYPOOL | DIRECTOR Institutional trustee | 1 | $0 |
| CLINT MAY | DIRECTOR Institutional trustee | 1 | $0 |
| MARK DEVRIES | DIRECTOR Institutional trustee | 1 | $0 |
| KRISTEN M DICARMINE | DIRECTOR Institutional trustee | 1 | $0 |
| MATTHEW AHMANN | CHAIR Officer | 1 | $0 |
| SARAH S JAMES | VICE CHAIR Officer | 1 | $0 |
| CHRISTA D KUENNEN | TREASURER Officer | 1 | $0 |
| JAMES C FRASHER | SECRETARY Officer | 1 | $0 |
| G THOMAS SULLIVAN | EXECUTIVE DIRECTOR Officer | 30 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH P LINDSAY | DIRECTOR Institutional trustee | 1 | $0 |
| MARGARET NUNNE | DIRECTOR Institutional trustee | 1 | $0 |
| MEGAN A CLAYPOOL | DIRECTOR Institutional trustee | 1 | $0 |
| MATTHEW AHMANN | DIRECTOR Institutional trustee | 1 | $0 |
| MARK DEVRIES | DIRECTOR Institutional trustee | 1 | $0 |
| LORI K GEADELMANN | CHAIR Officer | 1 | $0 |
| SARAH S JAMES | VICE CHAIR Officer | 1 | $0 |
| CHRISTA D KUENNEN | TREASURER Officer | 1 | $0 |
| JAMES C FRASHER | SECRETARY Officer | 1 | $0 |
| G THOMAS SULLIVAN | EXECUTIVE DIRECTOR Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 700 WALNUT ST STE 1300, DES MOINES, IA 50309-3818
- Principal officer (990 for 2024)
- MATTHEW C AHMANN, 6400 C STREET SW, CEDAR RAPIDS, IA 52499
- Signed the 990
- MATTHEW C AHMANN, DIRECTOR, CHAIR
- Phone
- (515) 283-3126
- Website
- WWW.IALIFEGA.ORG
- Return prepared by
- HBE LLP
Mission
TO PROVIDE FUNDS FOR THE SETTLEMENT OF COVERED CLAIMS AGAINST IMPAIRED OR INSOLVENT MEMBER INSURERS AS DIRECTED UNDER THE IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT, CODE OF IOWA, CHAPTER 508C.
Program accomplishments
- THE ORGANIZATION HAS ONLY ONE ACTIVITY AND THAT IS TO PROVIDE FUNDS FOR AND SETTLEMENT OF COVERED CLAIMS OF LIFE, HEALTH & ANNUITY POLICIES, PLANS, OR CONTRACTS OF INSOLVENT INSURANCE COMPANIES AND HEALTH MAINTENANCE ORGANIZATIONS MADE BY IOWA RESIDENTS AS DIRECTED UNDER THE IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT, CHAPTER 508C, CODE OF IOWA.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1305718
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,418,657
- Income (IRS master file)
- $20,634,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,634,341 | $16,877,347 | $24,418,657 | XML |
| 990 | June 2024 | $939,957 | $812,437 | $16,034,351 | XML |
| 990 | June 2023 | $5,104,875 | $944,489 | $15,868,080 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 42-1305718).
Questions about IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
- What is the EIN of IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION is 42-1305718.
- Is IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
- Are donations to IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA 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 IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA 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 June 2025.
- Who is the principal officer of IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended June 30, 2025 names MATTHEW C AHMANN.
- Who are the officers and directors of IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,634,341, expenses of $16,877,347 and total assets of $24,418,657 at year end.
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