ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOC

As filed

Subsection

06

Classification

2000

Street

2009 EAGLE RIDGE DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE ALABAMA INSURANCY GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA.THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $46,768,765

  Expenses

  $17,668,008

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $6,101,619

  Expenses

  $5,805,962

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $365,091

  Expenses

  $1,983,466

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $948,305

  Expenses

  $2,327,528

  Assets (EOY)

  $22,083,517

• 2020 · 990

  Revenue

  $524,583

  Expenses

  $2,022,404

  Assets (EOY)

  $24,585,899

• 2019 · 990

  Revenue

  $1,067,253

  Expenses

  $2,016,771

  Assets (EOY)

  $27,247,487

• 2018 · 990

  Revenue

  $1,125,920

  Expenses

  $2,010,215

  Assets (EOY)

  $29,284,364

• 2017 · 990

  Revenue

  $1,038,622

  Expenses

  $3,732,838

  Assets (EOY)

  $31,520,110

• 2016 · 990

  Revenue

  $525,265

  Expenses

  $1,894,118

  Assets (EOY)

  $34,168,515

• 2015 · 990

  Revenue

  $7,773,083

  Expenses

  $1,965,259

  Assets (EOY)

  $35,541,022

• 2014 · 990

  Revenue

  $5,319,338

  Expenses

  $2,190,524

  Assets (EOY)

  $29,825,282

• 2013 · 990

  Revenue

  $534,876

  Expenses

  $2,196,619

  Assets (EOY)

  $26,842,211

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $7,992,797

  Assets (EOY)

  $28,569,547

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files