NonprofitsGuaranty Association Benefits Company

Community Improvement & Capacity Building

Guaranty Association Benefits Company

WASHINGTON, DC

Total revenue

$57.7M

Total expenses

$46.0M

Net assets

$157.8M

Grants received

EIN

453635388

Tax year

2024

Mission

The organization operates to protect, in accordance with a court-approved liquidation plan, individuals relying upon annuities issued by insolvent executive life insurance company of new york, in furtherance of the common interests of the state guaranty associations and their members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$57.5M
Other revenue$225K
Total revenue$57.7M

Expenses

Grants paid
Salaries & benefits$504K
Fundraising
Other expenses$45.5M
Total expenses$46.0M
Total assets$1.3B
Net assets$157.8M

People

12 listed

NameRoleCompensation

LYNDA G LOOMIS

VICE PRESIDENT OPERATIONS

Board

$471K

23 hrs/wk

KATHERINE L WADE

DIRECTOR, PRESIDENT

Board

$20K

1 hrs/wk

MICHAEL MCDONALD

SPECIAL COUNSEL

Board

$11K

1 hrs/wk

JOHN C COLPEAN

DIRECTOR, CHAIRMAN

Board

12 hrs/wk

ERIK A ANDERSON

DIRECTOR - MEMBER ELECTED

Board

1 hrs/wk

MAGARET SPERRY THRU 100824

DIRECTOR - MEMBER ELECTED

Board

1 hrs/wk

GERMAINE L MARKS

DIRECTOR-MEMBER ELECTED

Board

1 hrs/wk

AMANDA BARBERA EFF 100924

DIRECTOR - MEMBER ELECTED

Board

1 hrs/wk

JOHN E DEITELBAUM

DIRECTOR-MEMBER ELECTED

Board

1 hrs/wk

G THOMAS SULLIVAN

SECRETARY

Board

10 hrs/wk

PAMELA E OLSEN

TREASURER

Board

10 hrs/wk

JAMES F DONNELLAN

DIRECTOR-MEMBER ELECTED

Board

1 hrs/wk

Independent contractors

LEGAL & GENERAL INVEST MGMT AMERICA INC

INVESTMENT MGMT.

$1.2M

FAEGRE DRINKER BIDDLE & REATH LLC

LEGAL SERVICES

$1.2M

NISA INVESTMENT ADVISORS LLC

INVESTMENT ADVISORS

$859K

WILLIS TOWERS WATSON US LLC

ACTUARIES

$757K

COMPUTER SCIENCES CORP

3RD PTY. ADMIN.

$655K

Details

EIN453635388
NTEE codeS41
Subsection06
Ruling date2011-12
Formed2011
Employees0
Volunteers0
GUARANTY ASSOCIATION BENEFITS COMPANY — Mission, Financials & Grants Received | Grantivo