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← UTAH LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION

Form 990 for tax year 2022

Filed by UTAH LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION.

Totals

Total revenue
$1,258
Total expenses
$320,831
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,258
Other revenue
$0
Total assets, end of year
$1,951,601
Total liabilities, end of year
$517,167
Net assets or fund balances, end of year
$1,434,434
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,258 · excluded $1,258

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $155,800

  • 11c · Fees: accounting

    total $15,525

  • 11g · Fees: other

    total $12,788

  • 13 · Office expenses

    total $2,141

  • 14 · Information technology

    total $5,253

  • 16 · Occupancy

    total $7,930

  • 17 · Travel

    total $5,411

  • 19 · Conferences, conventions and meetings

    total $3,395

  • 23 · Insurance

    total $9,483

  • 24a · Other expenses: NOLHGA DUES

    total $60,668

  • 24b · Other expenses: NOLHGA ASSESSMENTS - NET

    total $30,768

  • 24c · Other expenses: NOLHGA DATA SURVEY

    total $11,125

  • 24d · Other expenses: ASSUMPTION REINSURANCE

    total $544

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,687 · end of year $178,022

  • 2 · Savings and temporary cash investments

    beginning of year $2,149,799 · end of year $1,768,839

  • 15 · Other assets

    end of year $4,740

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,143 · end of year $11,091

  • 25 · Other liabilities

    beginning of year $501,336 · end of year $506,076

  • 27 · Net assets without donor restrictions

    beginning of year $1,754,007 · end of year $1,434,434

Mission and programs · 2022

Mission

ASSOCIATION ESTABLISHED BY THE STATE OF UTAH TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF IMPAIRED OR INSOLVENT INSURERS. (REFERENCE 31A-28-103 OF UTAH CODE ANNOTATED)

  • THE ASSOCIATION PROVIDED CERTAIN PROTECTIONS TO POLICY HOLDERS OF IMPAIRED OR INSOLVENT INSURERS IN ACCORDANCE WITH SECTION 31A-28-103 UTAH CODE ANNOTATED.

As filed on the 2022 return.

Listed in Part VII

  • Ted D Lewis

    EXECUTIVE DI

    Total calculated
    $153,300
    From this org
    $153,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $153,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $153,300
  • Andrea M Hales

    PUBLIC REP.

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Aaron M Pacini

    PUBLIC REP.

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Stephen Foxley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarah S James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William J Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard C Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jack Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristin McCullagh

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1
  • Amy Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • J David Pearce

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • D Chris Purcell

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202321299349304612

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