Anic Protected Cell of Ltc Re

Nonprofit profile at a glance

EIN
820630879
IRS 990 coverage
2017–2025
Forms available
Form 990 2025
Location
Washington, DC, USA
Phone
2025892810
Rating confidence
Limited
Sector
Business and Industry

Reported finances

Revenue
$7,801,774
Expenses
$18,011,202
Assets
$306,803,258
Liabilities
$304,213,146

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • ERIC RANGEN (PRESIDENT)

People named in this filing

  • ERIC RANGEN (PRESIDENT)
  • KATHARINE WADE (SECRETARY)
  • RUSSELL SMITH (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ltc re is a protected cell captive insurance company formed by the national organization of life and health guaranty associations, whose members are life and health insurance state guaranty associations affected by the insolvency of penn treaty network america insurance company and/or its wholly owned subsidiary, american network insurance company. The members reinsure their obligations to ltc re to service the covered policyholders.the guaranty associations provide the insurance industry and its consumers with a safety net in the event a life and health insurance company becomes insolvent and unable to pay claims.

What it reported doing in 2025

The guaranty associations provide the insurance industry and its consumers with a safety net in the event a life and health insurance company becomes insolvent and unable to pay claims

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 38
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -130.9%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 17.03; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.99; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -48.5% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 14 people listed
  • Highest-paid contractors: 2 contractors listed · $1.2M reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2017 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.