2025-09-30T16:18:58-04:00 2024-12-31 990 2024-01-01 541827452 NATIONAL ORG OF LIFE AND HEALTH INS GUARANTY ASSOC NATI 7037874114 13873 PARK CENTER RD STE 505 HERNDON VA 201713247 Katharine Wade President 7037874124 2025-10-01 2024 2025-03-06 01:10:19Z Keith Sheridan 13873 PARK CENTER RD STE 505 HERNDON VA 201713247 7499903 false X X 1996 VA NOLHGA is a voluntary organization of the life and health insurance guaranty associations of all 50 states and the District of Columbia. It was principally formed for the purpose of coordinating and representing its member guaranty associations interests in multi-state insurer insolvencies. 13 13 20 0 0 0 0 0 7442235 7219214 310514 271889 8800 8800 7761549 7499903 0 0 0 0 5683692 5198594 0 0 0 2610708 2340221 8294400 7538815 -532851 -38912 16679124 423181943 10562007 417105249 6117117 6076694 NOLHGA is a voluntary organization of the life and health insurance guaranty associations of all 50 states and the District of Columbia. It was principally formed for the purpose of coordinating and representing its member guaranty associations interests in multi-state insurer insolvencies. 0 0 0 During the year NOLHGA collected and disseminated information related to life and health insurance company impairments and insolvencies. It served as a national clearinghouse for the transfer of funds and the resolution of issues and problems facing life and health insurance companies. It provided a forum for analysis of operational issues for members. NOLHGA acted on behalf of its member state guaranty associations to arrange claims processing collect and analyze reinsurance bids and coordinate audits of impaired or insolvent companies financial status performed by outside firms. NOLHGA provided publications such as the NOLHGA Wire the NOLHGA Journal GA Update the NOLHGA Year-End Report to the Membership insolvency updates assessment information insolvency statistics membership directories and the like. 0 0 0 0 0 0 0 0 0 0 false false false false true false false false true false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 22 0 false 20 true false false false false false false false false 13 13 false false false false true true true true true false false false true true true true true true true false X Keith Sheridan 7037874114 NOLHGA 13873 Park Center Road Suite 505 Herndon VA 201713247 Joy Higa Chair 4.00 0.00 X 0 0 0 John Deitelbaum Vice Chair 4.00 0.00 X 0 0 0 Todd Thakar Secretary 4.00 0.00 X 0 0 0 Christine Cappiello Treasurer 4.00 0.00 X 0 0 0 Germaine Marks Immediate Past Chair 4.00 0.00 X 0 0 0 Amanda Barbera MPC Chair 4.00 0.00 X 0 0 0 Richard Bowman Director 4.00 0.00 X 0 0 0 Nancy Davenport Director 4.00 0.00 X 0 0 0 James Frasher Director 4.00 0.00 X 0 0 0 Eric DuPont Director 4.00 0.00 X 0 0 0 Pamela Epp Olsen Director 4.00 0.00 X 0 0 0 Frank Knighton Jr Director 4.00 0.00 X 0 0 0 Julie Mix McPeak Director 4.00 0.00 X 0 0 0 Michael Heard Executive Vice President Chief Operating Officer 45.00 0.00 X 369335 0 16415 William O'Sullivan Senior Vice President General Counsel 45.00 0.00 X 559391 0 78057 Holly Wilding Vice President Administrative Services 45.00 0.00 X 359399 0 50191 Keith Sheridan Vice President Accounting and Finance 45.00 0.00 X 302491 0 58506 Katharine Wade President 45.00 0.00 X 649042 0 36342 Joni Forsythe Associate General Counsel 45.00 0.00 X 296687 0 68405 Michael McDonald Senior Counsel 45.00 0.00 X 275225 0 70897 Augusto Estrada Director of Finance and Controller 45.00 0.00 X 289883 0 63133 Sean McKenna Director of Communications 45.00 0.00 X 188820 0 59983 Daniel Hicks Director of Information Systems 45.00 0.00 X 190429 0 17443 Peter Gallanis President 45.00 0.00 X 157551 0 0 Jennifer Webb Chief of Staff 45.00 0.00 X 303389 0 3915 3941642 0 523287 0 true true false Faegre Drinker Biddle & Reath LLP 300 N Meridian Street Suite 2500 Indianapolis IN 46204 Legal 3334275 Davies Life & Health Inc PO Box 736881 Dallas TX 75373 Third Party Claims Administration 668513 Strohm Ballweg LLP 9701 Brader Way Suite 301 Middleton WI 53562 Financial 726332 Southland Benefit Solutions 2200 Jack Warner Parkway Suite 150 Tuscaloosa AL 35401 Actuarial 717900 Actuarial Management Resources Inc 4964 University Parkway Suite 203 Winston Salem NC 27106 Third Party Claims Administration 1162896 0 0 0 0 0 0 0 0 Membership Dues 524298 3406372 3406372 0 0 Allocated Internal Expenses 524298 3585292 3585292 0 0 Meeting Income 524298 227550 227550 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7219214 271889 271889 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IT Service Fee Income 524298 8800 8800 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8800 7499903 7499903 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2266254 0 0 0 2051245 0 0 0 307730 0 0 0 368038 0 0 0 205327 0 0 0 0 0 0 0 40740 0 0 0 61333 0 0 0 0 0 0 0 0 0 0 0 0 0 69455 0 0 0 0 0 0 0 99468 0 0 0 175455 0 0 0 0 0 0 0 280115 0 0 0 0 0 0 0 0 0 0 0 1481584 0 0 0 0 0 0 0 0 0 0 0 17574 0 0 0 114015 0 0 0 Proxy Tax 482 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7538815 0 0 0 0 0 0 0 0 0 2898612 5233677 0 0 3397318 4697096 0 0 0 0 0 0 0 0 172156 376968 513017 448311 24572 64706 4086537 0 0 0 0 0 0 0 6099929 412809496 16679124 423181943 1666782 1567145 0 0 0 0 0 0 5643426 412605430 0 0 0 0 0 0 3251799 2932674 10562007 417105249 X 6117117 6076693 0 0 6117117 6076693 16679124 423181942 -38912 -1512 0 0 0 0 X false true true false false false 3406372 2298 0 2298 0 0 0 false 0 0 0 0 true X 35056 33686 1370 477961 414625 63336 64706 Right-of-Use Assets - Operating & Finance Leases 190068 Funds Held in Escrow 412605431 EE & ER Tas Receivable 13997 412809496 Operating & Finance Leases - Current & Long-Term Liabilities 212271 Deferred Compensation Plan Liabilities 2720403 2932674 X 7499903 0 7499903 0 7499903 7538815 0 7538815 0 7538815 Part X, line 2 Management evaluated the organizations tax position and concluded that NOLHGA had taken no uncertain tax positions that require adjustment to the financial statements. Part I to XII | PartandLinenumber:,Explanation:| Part IV Line 2,NOLHGA receives and disburses funds which are held on behalf of its members for various insolvency related transactions. Funds are deposited and maintained in an escrowaccount at a federally insured financial institution and are collateralized by securities of the United States Government or agencies sponsored by the United States Government. Funds Held in Escrow are reported both as an asset and liability on NOLHGAs financial statements resulting in no impact to NOLHGAs net asset position. Interest earned on funds are credited to the respective accounts and utilized to offset insolvency expenses in connection with that insolvency or returned to the participating state guaranty associations.| X X X X true true false Katharine Wade President 577167 0 0 0 71875 0 36342 0 0 0 685384 0 0 0 William O'Sullivan Senior Vice President General Counsel 449329 0 86100 0 23962 0 36342 0 41715 0 637448 0 0 0 Michael Heard Executive Vice President Chief Operating Officer 206418 0 125000 0 37917 0 2693 0 13722 0 385750 0 0 0 Holly Wilding Vice President Administrative Services 298499 0 60900 0 0 0 35261 0 14930 0 409590 0 0 0 Jennifer Webb Chief of Staff 186389 0 0 0 117000 0 2817 0 1098 0 307304 0 0 0 Keith Sheridan Vice President Accounting and Finance 257491 0 45000 0 0 0 30504 0 28002 0 360997 0 0 0 Joni Forsythe Associate General Counsel 265487 0 31200 0 0 0 30595 0 37810 0 365092 0 0 0 Michael McDonald Senior Counsel 248212 0 27013 0 0 0 28219 0 42678 0 346122 0 0 0 Augusto Estrada Director of Finance and Controller 239474 0 24000 0 26409 0 28878 0 34255 0 353016 0 0 0 Sean McKenna Director of Communications 168720 0 20100 0 0 0 18268 0 41715 0 248803 0 0 0 Daniel Hicks Director of Information Systems 171049 0 19380 0 0 0 17443 0 0 0 207872 0 0 0 Part I Line 4a | Name :, Amount:| Michael Heard, 145834| Part I Line 4b | Name :, Title:, Item Selected:, Amount:| William OSullivan, 23962| Part VI, Line 6 A Member of NOLHGA shall be each life and health insurance guaranty association located in the United States its districts territories and commonwealths which subscribes to the Articles of Incorporation and the Bylaws and which timely pays the dues assessed them by NOLHGA. Part VI, Line 7a The members of the Board of Directors are elected by the Member associations. Each elected director shall be a person who serves as a member or alternative member of a Member associations board of directors or other governing body the chief administrative officer of a Member association or an officer of a member company of a Member association. The Members of NOLHGA meet to elect the Board of Directors during the NOLHGA Annual Meeting held in October. Part VI, Line 7b The Board of Directors shall manage and conduct all the affairs of NOLHGA except as to those acts which are reserved by the Articles of Incorporation or the Bylaws to be performed by the Members. Part VI, Line 11b No review was or will be conducted. Part VI, Line 12c Each year all directors officers employees and consultants of the organization are required to complete a Conflicts of Interests questionnaire. The Conflicts of Interest policy is enforced by the officers or the Board of Directors of the organization in accordance with the policy. Part VI, Line 15 The NOLHGA Compensation Plan was established by the Board of Directors. The salary ranges and total cash compensation are established based on median market levels. This information is provided by an independent consultant who specialize in the development and analysis of non-profit corporation compensation and employee benefit plans. The Compensation Committee reviews the analysis provided by the independent consultant and the compensation adjustments recommended by the President. All officer compensation arrangements and changes are reviewed by the Compensation Committee. Following further discussion the Compensation Committee forwards their proposed recommendations to the Board of Directors for their review and approval.