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MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

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Public IRS 990 nonprofit record

MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

EIN 41-1333903 · Professional Athletic Leagues (N80)

What they do

THE ASSOCIATIONS 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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$156.85spent for every $100 of revenueSpending was higher than revenue this year.
$1.11in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $6,634,689 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $120,086 for PAMELA OLSEN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$11,671,412
Expenses$18,306,101
Annual shortfall $6,634,689 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$11,671,412
Expenses$18,306,101
Assets$20,258,904
Income$11,671,412
Accounting fees$27,450
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PAMELA OLSENEXECUTIVE DIRECTOR · 32 hrs/week $120,086

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

PAMELA OLSENEXECUTIVE DIRECTOR

ANGELA HOLLANDIRECTOR

ASHLEY BEAUDRYCHAIR

CARLY COLEDIRECTOR

JOY HIGADIRECTOR

KERI OBRIENVICE CHAIR

LAURA HANSONDIRECTOR

PAULA MINELLADIRECTOR

SARA HREHASECRETARY/TREASURER & DIRE

SARAH JAMESDIRECTOR

About this charity

Recognized since
January 1978
Location
225 S 6TH ST STE 2900, MINNEAPOLIS, MN 55402-4609
County
Hennepin
In care of
% COMMISSIONER OF INSURANCE
Primary officer
PAMELA OLSEN, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Professional Athletic Leagues (N80)
IRS tax category
Professional Athletic Leagues

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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