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Virginia Life Accident & Sickness Insurance Guaranty Association

Insurance Guaranty Assoc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$10.3M (2023)

Expenses
$1.77M (2023)

Total Assets
$11.2M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,302,133
Expenses
$1,774,120
Net Income
$8,528,013
Net Assets
$11,169,796
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,020,137
97.3%
Investment Income $281,996
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,169,796
Total Liabilities $0
Net Assets $11,169,796
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Voya Retirement Insurance (Chairman) $0 $0 $0
Genworth Life Annuity Ins Co (Secretary) $0 $0 $0
Shenandoah Life Insurance Company (Treasurer) $0 $0 $0
Anthem Health Plans Of Va (Director) $0 $0 $0
Brighthouse Life Insurance Co (Director) $0 $0 $0
Coventry Health Care Of Va Inc (Director) $0 $0 $0
Kaiser Foundation Health Plan (Director) $0 $0 $0
Lincoln National Life Insurance Co (Director) $0 $0 $0
Metropolitan Life Insurance Co (Director) $0 $0 $0
New York Life Insurance Co (Director) $0 $0 $0
Settlers Life Insurance Company (Director) $0 $0 $0
Teachers Insurance Annuity Assoc (Director) $0 $0 $0
United Healthcare Insurance Co (Director) $0 $0 $0
Dennis S Herchel (Exec. Direct) $0 $0 $0
Mary Y Sisson (Chief Accoun) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,548,889
Expenses
$9,595,130
Net Income
-$8,046,241
Net Assets
$2,641,783
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,534,830
99.1%
Investment Income $14,059
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,641,783
Total Liabilities $0
Net Assets $2,641,783
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anthem Health Plans Of Va (Chairman) $0 $0 $0
Genworth Life Annuity Ins Co (Secretary) $0 $0 $0
Shenandoah Life Insurance Company (Treasurer) $0 $0 $0
Lincoln National Life Insurance Co (Director) $0 $0 $0
Teachers Insurance Annuity Assoc (Director) $0 $0 $0
Metropolitan Life Insurance Co (Director) $0 $0 $0
United Healthcare Insurance Co (Director) $0 $0 $0
Settlers Life Insurance Company (Director) $0 $0 $0
Voya Retirement Insurance (Director) $0 $0 $0
New York Life Insurance Co (Director) $0 $0 $0
Brighthouse Life Insurance Co (Director) $0 $0 $0
Kaiser Foundation Health Plan (Director) $0 $0 $0
Coventry Health Care Of Va Inc (Director) $0 $0 $0
Dennis S Herchel (Exec. Direct) $0 $0 $0
Mary Y Sisson (Chief Accoun) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,945,534
Expenses
$4,556,689
Net Income
$5,388,845
Net Assets
$10,688,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,943,657
100.0%
Investment Income $1,877
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,714,403
Total Liabilities $26,379
Net Assets $10,688,024
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anthem Health Plans Of Va (Chairman) $0 $0 $0
Voya Retirement Insurance (Secretary) $0 $0 $0
Shenandoah Life Insurance Company (Treasurer) $0 $0 $0
Teachers Insurance Annuity Assoc (Director) $0 $0 $0
Metropolitan Life Insurance Co (Director) $0 $0 $0
Coventry Health Care Of Va Inc (Director) $0 $0 $0
New York Life Insurance Co (Director) $0 $0 $0
United Healthcare Insurance Co (Director) $0 $0 $0
Kaiser Foundation Health Plan (Director) $0 $0 $0
Settlers Life Insurance Co (Director) $0 $0 $0
Genworth Life Annuity Ins Co (Director) $0 $0 $0
Lincoln National Life Insurance Co (Director) $0 $0 $0
Brighthouse Life Insurance Co (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Mary Y Sisson (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,352,194
Expenses
$14,558,330
Net Income
-$13,206,136
Net Assets
$5,299,179
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,305,941
96.6%
Investment Income $46,253
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,299,179
Total Liabilities $0
Net Assets $5,299,179
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anthem Health (Chairman) $0 $0 $0
Voya Retirement (Secretary) $0 $0 $0
Shenandoah Life Insurance Company (Treasurer) $0 $0 $0
Teachers Insurance (Director) $0 $0 $0
Metropolitan Life (Director) $0 $0 $0
Coventry Health (Director) $0 $0 $0
New York Life (Director) $0 $0 $0
United Healthcare (Director) $0 $0 $0
Kaiser Foundation Health Plan (Director) $0 $0 $0
Settlers Life (Director) $0 $0 $0
Genworth Life (Director) $0 $0 $0
Lincoln National (Director) $0 $0 $0
Brighthouse Life (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Mary Y Sisson (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,658,063
Expenses
$29,154,782
Net Income
-$14,496,719
Net Assets
$18,505,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,463,672
98.7%
Investment Income $194,391
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $18,505,315
Total Liabilities $0
Net Assets $18,505,315
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anthem Health (Chairman) $0 $0 $0
Voya Retirement (Secretary) $0 $0 $0
Shenandoah Life (Treasurer) $0 $0 $0
Teachers Insurance (Director) $0 $0 $0
Metropolitan Life (Director) $0 $0 $0
Coventry Health (Director) $0 $0 $0
New York Life (Director) $0 $0 $0
United Healthcare (Director) $0 $0 $0
Kaiser Foundation Health Plan (Director) $0 $0 $0
Settlers Life (Director) $0 $0 $0
Genworth Life (Director) $0 $0 $0
Lincoln National (Director) $0 $0 $0
Brighthouse Life (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Mary Y Sisson (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,084,125
Expenses
$37,947,105
Net Income
$5,137,020
Net Assets
$33,002,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,231,140
98.0%
Investment Income $852,985
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $33,002,034
Total Liabilities $0
Net Assets $33,002,034
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kathleen M Kronau (Treasurer) $0 $0 $0
Beth P Lindsay (Secretary) $0 $0 $0
Francis A Sutherland Jr (Director) $0 $0 $0
Kevin G Smith (Director) $0 $0 $0
S Owen Hunt (Chairman) $0 $0 $0
Daniel G Barry (Director) $0 $0 $0
Alison Kelly (Director) $0 $0 $0
Gregg Martino (Director) $0 $0 $0
Joseph F Muratore (Director) $0 $0 $0
Randi Reichel (Director) $0 $0 $0
Christopher P Rogers (Director) $0 $0 $0
Kimberly A Shaul (Director) $0 $0 $0
David Ward (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Mary Y Sisson (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$112,782,764
Expenses
$86,886,606
Net Income
$25,896,158
Net Assets
$27,865,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $112,774,316
100.0%
Investment Income $8,448
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,865,014
Total Liabilities $0
Net Assets $27,865,014
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael W Lowe (Chairman) $0 $0 $0
Kathleen M Kronau (Treasurer) $0 $0 $0
Beth P Lindsay (Secretary) $0 $0 $0
Francis A Sutherland Jr (Director) $0 $0 $0
Kevin G Smith (Director) $0 $0 $0
S Owen Hunt (Director) $0 $0 $0
Daniel G Barry (Director) $0 $0 $0
Alison Kelly (Director) $0 $0 $0
Randi Reichel (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Charles E Fagan Ii (Former Ch) $0 $0 $0
Mary Y Sisson (Chief Acco) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$554,265
Expenses
$951,668
Net Income
-$397,403
Net Assets
$1,968,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $553,550
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $715
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,968,856
Total Liabilities $0
Net Assets $1,968,856
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael W Lowe (Chairman) $0 $0 $0
Kathleen M Kronau (Treasurer) $0 $0 $0
Beth P Lindsay (Secretary) $0 $0 $0
Francis A Sutherland Jr (Director) $0 $0 $0
Kevin G Smith (Director) $0 $0 $0
S Owen Hunt (Director) $0 $0 $0
Daniel G Barry (Director) $0 $0 $0
Joseph F Muratore (Director) $0 $0 $0
David D Ward (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Charles E Fagan Ii (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,644,495
Expenses
$1,166,884
Net Income
$477,611
Net Assets
$2,366,259
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,643,071
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,424
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,366,259
Total Liabilities $0
Net Assets $2,366,259
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael W Lowe (Chairman) $0 $0 $0
Kathleen Kronau (Treasurer) $0 $0 $0
Beth P Lindsay (Secretary) $0 $0 $0
Francis A Sutherland Jr (Director) $0 $0 $0
Kevin G Smith (Director) $0 $0 $0
S Owen Hunt (Director) $0 $0 $0
Daniel G Barry (Director) $0 $0 $0
Jeseph Muratore (Director) $0 $0 $0
David D Ward (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Charles E Fagan Ii (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,744,156
Expenses
$2,701,415
Net Income
$1,042,741
Net Assets
$1,888,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,742,370
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,786
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,888,648
Total Liabilities $0
Net Assets $1,888,648
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael W Lowe (Chairman) $0 $0 $0
S Owen Hunt (Treasurer) $0 $0 $0
Beth P Lindsay (Secretary) $0 $0 $0
Francis A Sutherland Jr (Director) $0 $0 $0
Kevin G Smith (Director) $0 $0 $0
Kathleen M Kronau (Director) $0 $0 $0
Daniel G Barry (Director) $0 $0 $0
Richard P Bowman (Director) $0 $0 $0
Michael B Hickey (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Charles E Fagan Ii (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,021,297
Expenses
$6,422,754
Net Income
-$1,401,457
Net Assets
$845,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,019,494
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,803
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $845,907
Total Liabilities $0
Net Assets $845,907
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael W Lowe (Chairman) $0 $0 $0
S Owen Hunt (Treasurer) $0 $0 $0
Beth P Lindsay (Secretary) $0 $0 $0
Francis A Sutherland Jr (Director) $0 $0 $0
Kevin G Smith (Director) $0 $0 $0
Kathleen M Kronau (Director) $0 $0 $0
Daniel G Barry (Director) $0 $0 $0
Richard P Bowman (Director) $0 $0 $0
Michael B Hickey (Director) $0 $0 $0
Margaret M Parker (Exec Dire) $0 $0 $0
Charles E Fagan (Chief Acc) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,026,080
Expenses
$2,153,623
Net Income
-$127,543
Net Assets
$2,247,364
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,025,880
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $200
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,271,177
Total Liabilities $23,813
Net Assets $2,247,364

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,921,314
Expenses
$2,396,494
Net Income
$1,524,820
Net Assets
$2,374,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,918,868
99.9%
Investment Income $46
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,400
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,374,907
Total Liabilities $0
Net Assets $2,374,907

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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