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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 2021. Filed on July 19, 2022.

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 2021 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 $218,127. The highest compensated employee at Guaranty Association Benefits Company is Lynda G Loomis with fiscal year 2021 compensation of $345,308.

Revenue, expenses, and employee compensation

Revenue

$54,247,522

Expenses

$45,122,339

Employee compensation

$436,254
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lynda G Loomis
Vice President, Operations
$345,308
$345,308 No related compNo other comp
Peter G Gallanis
President and Director
$90,946
$85,375 No related comp$5,571
John C Colpean
Treasurer THRU 12/31/21, Chairman
$0
Pamela E Olsen
Treasurer Appointed 12/31/21
$0

Benchmark Employee Compensation

Non-Employee Board Members

Erik A Anderson
Director - Member Elected 10/25/21
G Thomas Sullivan
Director, Secretary Elect. 10/27/21
Germaine L Marks
Director - Member Elected
James F Donnellan
Director-Member Elected
John E Deitelbaum
Director-Member Elected
John J Falkenbach
Director-Member Elect. THRU 10/24/21
Magaret Sperry
Director - Member Elected 10/25/21
Thomas F English
Director-Member Elect. THRU 10/24/21

Contractors

Legal & General Invest Mgmt America Inc.
Investment Management
$1,856,315
Nisa Investment Advisors LLC
Investment Advisors
$1,134,377
Faegre Drinker Biddle Reath LLP
Legal
$576,863
Computer Sciences Corp.
3Rd Pty. Admin
$536,183
Lynda G Loomis
VP of Operations
$345,308

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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