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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Guaranty Association Benefits Company

Guaranty Association Benefits Company

Fiscal year ending 2024. Filed on July 17, 2025.

Faegre Drinker 1500 K St NW 1100
Washington, District of Columbia 20005

Guaranty Association Benefits Company (EIN: 45-3635388) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Guaranty Association Benefits Company, a 501(c)(6) business league, reported compensation for 4 employees. Among the employees shown here, the average compensation is $241,505. The highest compensated employee at Guaranty Association Benefits Company is Lynda G Loomis with fiscal year 2024 compensation of $471,350.

Revenue, expenses, and employee compensation

Revenue

$57,727,856

Expenses

$46,019,214

Employee compensation

$504,290
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lynda G Loomis
Vice President, Operations
$471,350
$471,350 No related compNo other comp
Michael McDonald
Special Counsel
$11,659
$11,127 No related comp$532
Pamela E Olsen
Treasurer
$0
G Thomas Sullivan
Secretary
$0

Benchmark Employee Compensation

Non-Employee Board Members

Katherine L Wade
President and Director
$21,281
$20,309 No related comp$972
Germaine L Marks
Director-Member Elected
No compensation reported
James F Donnellan
Director-Member Elected
No compensation reported
John E Deitelbaum
Director-Member Elected
No compensation reported
Amanda Barbera Eff 100924
Director - Member Elected
No compensation reported
John C Colpean
Chair and Director
No compensation reported
Erik A Anderson
Director - Member Elected
No compensation reported
Magaret Sperry Thru 100824
Director - Member Elected
No compensation reported

Contractors

Legal & General Invest Mgmt America Inc.
Investment Management
$1,249,372
Faegre Drinker Biddle & Reath LLP
Legal
$1,202,990
Nisa Investment Advisors LLC
Investment Advisors
$858,892
Willis Towers Watson US LLC
Actuaries
$756,700
Computer Sciences Corp.
3Rd Pty. Admin
$654,999

Mission Statement

THE ORGANIZATION OPERATES TO PROTECT, IN ACCORDANCE WITH A COURT-APPROVED LIQUIDATION PLAN, INDIVIDUALS RELYING UPON ANNUITIES ISSUED BY INSOLVENT EXECUTIVE LIFE INSURANCE COMPANY OF NEW YORK, IN FURTHERANCE OF THE COMMON INTERESTS OF THE STATE GUARANTY ASSOCIATIONS AND THEIR MEMBERS.

Revisions to this organization profile

July 17, 2025:
2024 Guaranty Association Benefits Company 990 filed
July 25, 2024:
2023 Guaranty Association Benefits Company 990 filed
July 13, 2023:
2022 Guaranty Association Benefits Company 990 filed

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