Nonprofit · EIN 54-1642659
VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION
Also known as INSURANCE GUARANTY ASSOC
Tax-exempt · HAMPDEN, MA 01036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $19,075,748 | $4,751,409 | $14,324,339 | $23,336,183 | $0 | $23,336,183 |
| December 31, 2024 | 990 | $20,749,086 | $22,907,038 | -$2,157,952 | $9,011,844 | $0 | $9,011,844 |
| December 31, 2023 | 990 | $10,302,133 | $1,774,120 | $8,528,013 | $11,169,796 | $0 | $11,169,796 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $18,747,456
- Investment income
- $328,292
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,905,617
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $45,631
- Accounting fees
- $15,280
- Travel
- $9,689
- Program services (functional)
- $4,751,409
Balance sheet and other
- Total assets, start of year
- $9,011,844
- Total assets, end of year
- $23,336,183
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,336,183
- Net assets without donor restrictions
- $2,027,539
- Net assets with donor restrictions
- $21,308,644
- Gross receipts
- $19,075,748
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1976
- State of legal domicile
- VA
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 |
|---|---|---|---|
| NEW YORK LIFE INSURANCE COMPANY | CHAIR Institutional trustee | 2 | $0 |
| TEACHERS INSURANCE AND ANNUITY | SECRETARY Institutional trustee | 2 | $0 |
| UNITEDHEALTHCARE INSURANCE CO | TREASURER Institutional trustee | 2 | $0 |
| ANTHEM HEALTH PLANS OF VA | DIRECTOR Institutional trustee | 1 | $0 |
| BRIGHTHOUSE LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| COVENTRY HEALTH CARE OF VA INC | DIRECTOR Institutional trustee | 1 | $0 |
| GENWORTH LIFE ANNUITY INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| KAISER FOUNDATION HEALTH PLAN | DIRECTOR Institutional trustee | 1 | $0 |
| LINCOLN NATIONAL LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| METROPOLITAN LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| SETTLERS LIFE INSURANCE COMPANY | DIRECTOR Institutional trustee | 1 | $0 |
| SHENANDOAH LIFE INSURANCE COMPANY | DIRECTOR Institutional trustee | 1 | $0 |
| VOYA RETIREMENT INSURANCE | DIRECTOR Institutional trustee | 1 | $0 |
| DENNIS S HERCHEL | EXEC. DIRECT Officer | 30 | $0 |
| MARY Y SISSON | CHIEF ACCOUN Officer | 30 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VOYA RETIREMENT INSURANCE | CHAIR Institutional trustee | 2 | $0 |
| NEW YORK LIFE INSURANCE CO | SECRETARY Institutional trustee | 2 | $0 |
| UNITED HEALTHCARE INSURANCE CO | TREASURER Institutional trustee | 2 | $0 |
| ANTHEM HEALTH PLANS OF VA | DIRECTOR Institutional trustee | 1 | $0 |
| BRIGHTHOUSE LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| COVENTRY HEALTH CARE OF VA INC | DIRECTOR Institutional trustee | 1 | $0 |
| GENWORTH LIFE ANNUITY INS CO | DIRECTOR Institutional trustee | 1 | $0 |
| KAISER FOUNDATION HEALTH PLAN | DIRECTOR Institutional trustee | 1 | $0 |
| LINCOLN NATIONAL LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| METROPOLITAN LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| SETTLERS LIFE INSURANCE COMPANY | DIRECTOR Institutional trustee | 1 | $0 |
| SHENANDOAH LIFE INSURANCE COMPANY | DIRECTOR Institutional trustee | 1 | $0 |
| TEACHERS INSURANCE ANNUITY ASSOC | DIRECTOR Institutional trustee | 1 | $0 |
| DENNIS S HERCHEL | EXEC. DIRECT Officer | 30 | $0 |
| MARY Y SISSON | CHIEF ACCOUN Officer | 30 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VOYA RETIREMENT INSURANCE | CHAIRMAN Institutional trustee | 2 | $0 |
| GENWORTH LIFE ANNUITY INS CO | SECRETARY Institutional trustee | 2 | $0 |
| SHENANDOAH LIFE INSURANCE COMPANY | TREASURER Institutional trustee | 2 | $0 |
| ANTHEM HEALTH PLANS OF VA | DIRECTOR Institutional trustee | 1 | $0 |
| BRIGHTHOUSE LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| COVENTRY HEALTH CARE OF VA INC | DIRECTOR Institutional trustee | 1 | $0 |
| KAISER FOUNDATION HEALTH PLAN | DIRECTOR Institutional trustee | 1 | $0 |
| LINCOLN NATIONAL LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| METROPOLITAN LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| NEW YORK LIFE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| SETTLERS LIFE INSURANCE COMPANY | DIRECTOR Institutional trustee | 1 | $0 |
| TEACHERS INSURANCE ANNUITY ASSOC | DIRECTOR Institutional trustee | 1 | $0 |
| UNITED HEALTHCARE INSURANCE CO | DIRECTOR Institutional trustee | 1 | $0 |
| DENNIS S HERCHEL | EXEC. DIRECT Officer | 30 | $0 |
| MARY Y SISSON | CHIEF ACCOUN Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 606, HAMPDEN, MA 01036-0606
- Principal officer (990 for 2025)
- DENNIS S HERCHEL, PO BOX 606 534 MAIN STREET, HAMPDEN, MA 010369998
- Signed the 990
- DENNIS S HERCHEL, EXEC. DIRECTOR
- Phone
- (571) 438-9408
- Website
- WWW.VALIFEGA.ORG
- Return prepared by
- CLARKSON DAVID CPA PC
Mission
PRIMARY EXEMPT PURPOSE: THE ASSOCIATION IS A VIRGINIA STATUTORY ASSOCIATION FORMED PURSUANT TO CHAPTER 17 OF TITLE 38.2 OF THE CODE OF VIRGINIA TO PAY OBLIGATIONS OF INSOLVENT INSURANCE COMPANIES UNDER THE SUPERVISION OF THE VIRGINIA STATE CORPORATION COMMISSION. "MEMBER INSURER" MEANS AN INSURER OR HEALTH MAINTENANCE ORGANIZATION LICENSED TO TRANSACT IN THE COMMONWEALTH ANY CLASS OF INSURANCE OR HEALTH MAINTENANCE ORGANIZATION BUSINESS TO WHICH THIS CHAPTER 17 APPLIES UNDER SECTION 38.2-1700, BUT DOES NOT INCLUDE COOPERATIVE NONPROFIT LIFE BENEFIT COMPANIES, MUTUAL ASSESSMENT LIFE, ACCIDENT AND SICKNESS INSURANCE COMPANIES, BURIAL SOCIETIES, FRATERNAL BENEFIT SOCIETIES, DENTAL AND OPTOMETRIC SERVICES PLANS, AND HEALTH SERVICES PLANS NOT SUBJECT TO THIS CHAPTER 17 PURSUANT TO SECTION 38.2-4213. CHAPTER 17 ALSO APPLIES TO DENTAL BENEFIT CONTRACTS ENTERED INTO WITH A DENTAL PLAN ORGANIZATION AS PROVIDED IN CHAPTER 61. WITH RESPECT TO CONTRACTS ISSUED BY INSURERS LICENSED TO TRANSACT BUSI
Program accomplishments
- ACTIVITY FOR 17 LIFE AND/OR HEALTH INSURANCE COMPANIES THAT ARE EITHER IN REHABILITATION OR LIQUIDATION.Expenses $4,751,409 · revenue $18,747,456
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
- 54-1642659
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,336,183
- Income (IRS master file)
- $19,075,748
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $19,075,748 | $4,751,409 | $23,336,183 | XML |
| 990 | December 2024 | $20,749,086 | $22,907,038 | $9,011,844 | XML |
| 990 | December 2023 | $10,302,133 | $1,774,120 | $11,169,796 | XML |
| 990 | December 2022 | $1,548,889 | $9,595,130 | $2,641,783 | 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 54-1642659).
Questions about VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION
- What is the EIN of VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION is 54-1642659.
- Is VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA LIFE ACCIDENT & SICKNESS 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 VIRGINIA LIFE ACCIDENT & SICKNESS 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 VIRGINIA LIFE ACCIDENT & SICKNESS 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 VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 names DENNIS S HERCHEL.
- Who are the officers and directors of VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $19,075,748, expenses of $4,751,409 and total assets of $23,336,183 at year end.
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