Guaranty Association Benefits Company
Guaranty Association Benefits Company's network
8 peoplei8 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| John C Colpean Chair | Director, Chairman | 2022 | 4 yrs |
| Amanda Barbera EFF 100924 | Director - Member Elected | 2024 | 2 yrs |
| Erik A Anderson | Director - Member Elected | 2021 | 5 yrs |
| Germaine L Marks | Director-Member Elected | 2020 | 6 yrs |
| James F Donnellan | Director-Member Elected | 2018 | 8 yrs |
| John E Deitelbaum | Director-Member Elected | 2018 | 8 yrs |
| Katherine L Wade | Director, President | 2024 | 2 yrs |
| Magaret Sperry Thru 100824 | Director - Member Elected | 2024 | 2 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| G Thomas Sullivan | Company secretary | since 2022 |
| John C Colpean | Treasurer Thru 12/31/21, Chairman | since 2018 |
| Lynda G Loomis | Vice President Operations | since 2018 |
| Michael McDonald | Special Counsel | 2024 |
| Michael Marchman | TREASURER through 12/30/18 | 2018 |
| Pamela E Olsen | Treasurer Appointed 12/31/21 | since 2021 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Lynda G Loomis | Vice President Operations | 23 | $463k | ||
| Katharine L Wade | Director, President | 1 | $16k | $1k | |
| Michael McDonald | Special Counsel | 1 | $8k | $2k | |
| James F Donnellan | Director-Member Elected | 1 | $0 | ||
| John E Deitelbaum | Director-Member Elected | 1 | $0 | ||
| Germaine L Marks | Director-Member Elected | 1 | $0 | ||
| John C Colpean | Director, Chairman | 12 | $0 | ||
| Erik A Anderson | Director - Member Elected | 1 | $0 | ||
| Amanda Barbera | Director - Member Elected | 1 | $0 | ||
| G Thomas Sullivan | Secretary | 10 | $0 | ||
| Pamela E Olsen | Treasurer | 10 | $0 |
About
- Legal name
- Guaranty Association Benefits Company
- EIN
- 453635388
- Address
- Po Box 4366, Clinton, IA, 52733-4366
- State
- Iowa
- Mission
- 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. (as filed on the Form 990)
- Activity (NTEE)
- S41 Community improvement and capacity building
- IRS classification
- 501(c)06 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 9 (IRS master file code)
- Formed
- 2011
- Principal officer
- Lynda Loomis (as named on the Form 990)
- IRS ruling date
- 1 December 2011
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Longest observed on the filings
≥8years on the filingsJames F Donnellan
≥8years on the filingsJohn E Deitelbaum
≥6years on the filingsGermaine L Marks
≥5years on the filingsErik A Anderson
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $1.15bn
- Total liabilities
- $976.6m
- Net assets or fund balances
- $175.7m
- Contributions and grants received
- $0
- Program service revenue
- $0
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $57.7m | $46m | $11.7m |
As filed on the IRS Form 990. US dollars.