THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES.
Executive compensation
Form 990 · Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
| Position | Total |
|---|---|
Executive Director Median to 75th percentile | $124k $132k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 11 unpaid individuals.
Down 4%
from 2023
From $130k in 2023 to $124k in 2024.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 4% from 2023 to 2024, while revenue fell 10%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION reported revenue and expenses across 2 filing years.
Common questions about MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
What does the Chief Executive Officer of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION earn?
In 2024, the Chief Executive Officer of MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION received $124,019 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION falls between the median and the 75th percentile.
What are MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION's revenue and expenses?
In 2024, MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION reported $555k in total revenue and $384k in total expenses on its IRS Form 990.
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