GUARANTY ASSOCIATION BENEFITS COMPANY
c/o FAEGRE drinker 1050 K ST NW400, WASHINGTON, DC 20001 www.gabenefitsco.com

Total Revenue
$63,951,811
Total Expenses
$57,478,583
Net Assets
$106,885,228

Organizations Filed Purposes: 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.

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 ("ELNY"), in furtherance of the common interests of the state guaranty associations and their members. The Organization's obligations commenced on August 8, 2013, when the order of liquidation against ELNY became effective. The organization met its obligations in 2019 by providing annuity benefit payments in the amounts set forth above.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Lynda G LoomisVICE PRESIDENT OPERATIONS23$348,512
Peter G GallanisDIRECTOR, president10$76,028
John C ColpeanTREASURER10$0
G Thomas SullivanDIRector-MEMber elected5$0
John E DeitelbaumDIRector-MEMber elected1$0
James F DonnellanDIRECTOR-MEMBER ELECTED1$0
John J FalkenbachDIRECTOR,chairman, secretary12$0
Thomas F EnglishDIRECTOR-MEMBER ELECted1$0
Deborah A BelloDIRECTOR-MEMBER ELECTED1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202022129349301257_public.xml

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