Guaranty Association Benefits Company
Washington, DC · EIN 45-3635388 · Community improvement · Rank 9,017 by total revenue
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.
Money, Form 990 for tax year 2025
- Total revenue
- $54,747,905
- Total expenses
- $36,556,211
- Total assets
- $1,152,263,247
- Salary base (all salaries and wages)
- $490,331
- Salaries, other pay and benefits
- $490,331
- Employees
- not reported
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (11)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Lynda G Loomis | VICE PRESIDENT OPERATIONS | Officer | 23 | $462,954 |
| Katharine L Wade | DIRECTOR, PRESIDENT | Board, Officer | 1 | $17,314 |
| Michael McDonald | SPECIAL COUNSEL | Officer | 1 | $10,063 |
| John C Colpean | DIRECTOR, CHAIRMAN | Board, Officer | 12 | None reported |
| G Thomas Sullivan | SECRETARY | Officer | 10 | None reported |
| Pamela E Olsen | TREASURER | Officer | 10 | None reported |
| James F Donnellan | DIRECTOR-MEMBER ELECTED | Board | 1 | None reported |
| John E Deitelbaum | DIRECTOR-MEMBER ELECTED | Board | 1 | None reported |
| Germaine L Marks | DIRECTOR-MEMBER ELECTED | Board | 1 | None reported |
| Erik A Anderson | DIRECTOR - MEMBER ELECTED | Board | 1 | None reported |
| Amanda Barbera | DIRECTOR - MEMBER ELECTED | Board | 1 | None reported |
Top 10 paid people listed
These 3 people received $490,331, which is 100.0% of the $490,331 salary base.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Lynda G Loomis | VICE PRESIDENT OPERATIONS | Officer | 23 | $462,954 | $0 | $0 | $462,954 |
| Katharine L Wade | DIRECTOR, PRESIDENT | Board, Officer | 1 | $15,887 | $0 | $1,427 | $17,314 |
| Michael McDonald | SPECIAL COUNSEL | Officer | 1 | $7,821 | $0 | $2,242 | $10,063 |
Sources
- IRS e-file return 202611959349302406 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 45-3635388
- Organization website (as filed): www.gabenefitsco.com