Massachusetts Life And Health Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 870,798 | 1,684,144 | −813,346 | 26.6 | 6% |
| 2012 | 3,359,107 | 1,656,742 | 1,702,365 | 39.4 | 6% |
| 2013 | 11,046,806 | 13,735,273 | −2,688,467 | 2.4 | 1% |
| 2014 | 210,727 | 315,291 | −104,564 | 100.6 | 33% |
| 2015 | 448,609 | 299,982 | 148,627 | 111.7 | 36% |
| 2016 | 408,729 | 313,261 | 95,468 | 110.6 | 35% |
| 2017 | 3,324,414 | 2,890,119 | 434,295 | 13.8 | 4% |
| 2018 | 609,165 | 310,183 | 298,982 | 140.0 | 33% |
| 2019 | 671,207 | 356,532 | 314,675 | 132.4 | 29% |
| 2020 | 58,536 | 390,422 | −331,886 | 110.7 | 0% |
| 2021 | 749,754 | 354,614 | 395,140 | 135.3 | 0% |
| 2022 | 38,283 | 401,527 | −363,244 | 108.6 | 0% |
| 2023 | 15,001,926 | 460,952 | 14,540,974 | 473.8 | 26% |
In its most recent public year (2023), this organization brought in $14,540,974 more than it spent. Its reserves stood at about 473.8 months of spending, up from 26.6 in 2011. Staff pay was 26% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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