Public Charity

MASSACHUSETTS LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION

MASSACHUSETTS LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION, of SPRINGFIELD, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $40.4M in revenue, $990K in expenses, $58.3M in total assets.

EIN: 222994116 SPRINGFIELD, MA Insurance Providers NTEE: Y20 Latest filing: 2025
Total Revenue$40.4M
Total Expenses$990K
Total Assets$58.3M
Grant Records0
Filing Years2021–2025

Mission

TO PAY CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES LICENSED TO TRANSACT LIFE AND HEALTH INSURANCE IN THE STATE OF MASSACHUSETTS.

Where $100 goes at Massachusetts Life & Health Insurance Guaranty Association

How Massachusetts Life & Health Insurance Guaranty Association divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$99 Programs the work itself
$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $99 for programs

$99
To protect resident policy owners, certificate holders, insureds, beneficiaries, annuitants, payees and assignees of life and health insurance policies and annuity and supplemental contracts against failure in the…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHAIR John Deitelbaum
ASSISTANT SECRETARY Kerri E Cutry
SECRETARY/TREASURER Richard P Bowman Esquire
VICE CHAIR Sarah S James
EXECUTIVE DIRECTOR William B Fisher Esquire

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $40.4M $990K $58.3M
2024 $120.7M $133.0M $138.7M
2023 $15.0M $461K $18.4M
2022 $38K $402K $3.8M
2021 $750K $355K $4.1M

Between 2021 and 2025, reported annual revenue grew from $750K to $40.4M (+5292%), with total assets most recently reported at $58.3M.

Interactive year-over-year charts and full filing details available with membership.

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