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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 2016. Filed on July 28, 2017.

C/o Faegrebd 1050 K St NW Suite 40
Washington, District of Columbia 20001

Guaranty Association Benefits Company (EIN: 45-3635388) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 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 $199,022. The highest compensated employee at Guaranty Association Benefits Company is Lynda G Loomis with fiscal year 2016 compensation of $396,664.

Revenue, expenses, and employee compensation

Revenue

$66,604,812

Expenses

$69,080,152

Employee compensation

$597,066
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lynda G Loomis
Vice President, Operations
$396,664
$396,664 No related compNo other comp
Fred A Buck
Former Vice President Operations(Thru4/16)
$125,000
$125,000 No related compNo other comp
Peter G Gallanis
President and Director
$75,402
$64,853 No related comp$10,549
Michael Marchman
Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Deborah A Bello
Director-Member Elected
John J Falkenbach
Director,Chairman, Secretary
Merle T Pederson
Dir-Mem Elected (Thru 10/16)
Nancy S Davenport
Director - Member Elected
Pamela E Olsen
Director-Member Elected
Thomas F English
Director-Member Elected

Contractors

Legal General Invest Mgmt Americ
Investment Management
$1,682,969
Nisa Investment Advisors LLC
Investment Advisors
$1,040,455
Towers Watson Pennsylvania Inc
Actuarial
$993,557
Faegre Baker Daniels LLP
Legal
$852,480
Lynda G Loomis
VP of Operations
$396,664

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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