Nonprofit · EIN 52-1240061
LIFE AND HEALTH INSURANCE GUARANTY CORPORATION
Tax-exempt · APG, MD 21005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $814,944 | $6,549,527 | -$5,734,583 | $3,801,779 | $0 | $3,801,779 |
| December 31, 2024 | 990 | $35,952,568 | $31,768,855 | $4,183,713 | $9,536,362 | $0 | $9,536,362 |
| December 31, 2023 | 990 | $2,685,165 | $825,274 | $1,859,891 | $5,352,649 | $0 | $5,352,649 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $508,076
- Investment income
- $306,868
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $203,574
- Salaries, compensation and benefits (total)
- $217,259
- Professional fundraising fees
- $0
- Accounting fees
- $15,851
- Occupancy
- $17,655
- Travel
- $46,652
Balance sheet and other
- Total assets, start of year
- $9,536,362
- Total assets, end of year
- $3,801,779
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,801,779
- Net assets without donor restrictions
- $3,801,779
- Gross receipts
- $814,944
- Employees
- 1
- Volunteers
- 10
- Year formed
- 1971
- State of legal domicile
- MD
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 | Other / benefits |
|---|---|---|---|---|
| ELIZABETH HOFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $177,996 | $25,578 |
| AFLAC WORLDWIDE HEADQUARTERS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BALTIMORE LIFE INSURANCE CO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BANNER LIFE INSURANCE COMPANY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAREFIRST BLUECROSS BLUESHIELD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GUARDIAN LIFE INS CO OF AMERICA | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| METROPOLITAN LIFE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| NATIONWIDE | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| NEW YORK LIFE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| TRANSAMERICA | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| UNITEDHEALTHCARE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH HOFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $175,124 | $26,018 |
| BANNER LIFE INSURANCE COMPANY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| AFLAC WORLDWIDE HEADQUARTERS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CAREFIRST BLUECROSS BLUESHIELD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BALTIMORE LIFE INSURANCE CO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| METROPOLITAN LIFE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| NATIONWIDE | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| NEW YORK LIFE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| GUARDIAN LIFE INS CO OF AMERICA | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| TRANSAMERICA | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| UNITEDHEALTHCARE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH HOFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $170,014 | $24,072 |
| BANNER LIFE INSURANCE COMPANY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| AFLAC WORLDWIDE HEADQUARTERS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CAREFIRST BLUECROSS BLUESHIELD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BALTIMORE LIFE INSURANCE COMPANY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| METROPOLITAN LIFE INSURANCE COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| NATIONWIDE | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| THE PRUDENTIAL INS CO OF AMERICA | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| NEW YORK LIFE INSURANCE COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| GUARDIAN LIFE INSURANCE COMPANY OF AM | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| TRANSAMERICA | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
| UNITEDHEALTHCARE INSURANCE CO | INSTITUTIONAL TRUSTEE Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6210 GUARDIAN GTWY STE 195, APG, MD 21005-1325
- Principal officer (990 for 2025)
- ELIZABETH HOFFMAN, 6210 GUARDIAN GATEWAY APG SUITE 19, ABERDEEN, MD 21005
- Signed the 990
- ELIZABETH HOFFMAN, EXECUTIVE DIRECTOR
- Phone
- (410) 248-0407
- Website
- WWW.MDLIFEGA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
CORPORATION CREATED BY LEGISLATION TO FULFILL CONTRACTUAL OBLIGATIONS TO POLICYHOLDERS, OWNERS & BENEFICIARIES OF INSOLVENT LIFE & HEALTH INSURERS.
Program accomplishments
- TO PROVIDE PROTECTION FROM FINANCIAL LOSS ARISING FROM THE INSOLVENCY OF INSURERS AND TO ASSESS AND COLLECT SUCH COSTS AMONG LICENSED INSURERS.
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
- 52-1240061
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,801,779
- Income (IRS master file)
- $814,944
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $814,944 | $6,549,527 | $3,801,779 | XML |
| 990 | December 2024 | $35,952,568 | $31,768,855 | $9,536,362 | XML |
| 990 | December 2023 | $2,685,165 | $825,274 | $5,352,649 | XML |
| 990 | December 2022 | $460,100 | $544,581 | $3,492,758 | 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 52-1240061).
Questions about LIFE AND HEALTH INSURANCE GUARANTY CORPORATION
- What is the EIN of LIFE AND HEALTH INSURANCE GUARANTY CORPORATION?
- The employer identification number (EIN) of LIFE AND HEALTH INSURANCE GUARANTY CORPORATION is 52-1240061.
- Is LIFE AND HEALTH INSURANCE GUARANTY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to LIFE AND HEALTH INSURANCE GUARANTY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIFE AND HEALTH INSURANCE GUARANTY CORPORATION 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 LIFE AND HEALTH INSURANCE GUARANTY CORPORATION 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 LIFE AND HEALTH INSURANCE GUARANTY CORPORATION 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 LIFE AND HEALTH INSURANCE GUARANTY CORPORATION?
- The 990 for the year ended December 31, 2025 names ELIZABETH HOFFMAN.
- Who are the officers and directors of LIFE AND HEALTH INSURANCE GUARANTY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $177,996 (ELIZABETH HOFFMAN, EXECUTIVE DIRECTOR).
- How much revenue does LIFE AND HEALTH INSURANCE GUARANTY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $814,944, expenses of $6,549,527 and total assets of $3,801,779 at year end.
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