Public Charity

OKLAHOMA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

Based in OKLAHOMA CITY, OK, OKLAHOMA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION operates as a Public Charity. The organization reported $17.1M in revenue, $3.8M in expenses, $23.5M in total assets for fiscal year 2024.

EIN: 731157305 OKLAHOMA CITY, OK Latest filing: 2024
Total Revenue$17.1M
Total Expenses$3.8M
Total Assets$23.5M
Grant Records0
Filing Years2019–2024

Mission

TO PROTECT POLICY HOLDERS, BENEFICIARIES, PAYEES, AND ASSIGNEES OF INSURANCE POLICIES AGAINST THE NONPERFORMANCE OF A MEMBER INSURER'S CONTRACTUAL OBLIGATIONS DUE TO IMPAIRMENT OR INSOLVENCY.

Where $100 goes at Oklahoma Life and Health Insurance Guaranty Association

How Oklahoma Life and Health Insurance Guaranty Association divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$97 Programs the work itself
$3 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 $97 for programs

$97
To protect policy holders, beneficiaries, payees, and assignees of life insurance policies, health insurance policies, annuity contracts and supplemental contracts subject to certain limitations against failure in the…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Andrew G Hill
DIRECTOR Brent Haggard
SECRETARY/TREASURER Brian Mitchell
VICE CHAIRMAN Chris T Kenney
DIRECTOR Daranell Jordan
CHAIRMAN Gary R Peterson

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $17.1M $3.8M $23.5M
2023 $977K $953K $10.2M
2022 $3.2M $705K $10.1M
2020 $118K $763K $4.5M
2019 $1.6M $1.9M $5.1M

Between 2019 and 2024, reported annual revenue grew from $1.6M to $17.1M (+974%), with total assets most recently reported at $23.5M.

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

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