JOHN HANCOCK LIFE INS CO EMPLOYEE WELFARE TRUST

EIN: 043105469 Mutual Benefit

BOSTON, MA

Total Revenue
$87,376,529
Total Expenses
$94,544,616
Total Assets
$116,365,972
Net Assets
$-81,290,488
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
GEORGE MCCARTHY
Phone
6175720733
Tax Period
2023-01-01 to 2023-12-31

JOHN HANCOCK LIFE INS CO EMPLOYEE WELFARE TRUST, founded in 1991, is a mid-sized nonprofit in the Mutual Benefit sector that reported $87.4M in total revenue in fiscal year 2023.

Mission

THIS IS A VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION TRUST (VEBA). THE VEBA WAS ESTABLISHED TO FUND AND ADMINISTER THE SELF INSURED BENEFITS OF CERTAIN JOHN HANCOCK LIFE INS CO EMPLOYEES, DEPENDENTS AND RETIREES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $84,005,765
Investment Income $3,370,764
Other Revenue $0
TOTAL REVENUE $87,376,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $94,544,616
Other Expenses $8,007,513
TOTAL EXPENSES $94,544,616

Year-over-Year Comparison

2023 2022 Change
Revenue $87,376,529 $83,538,760 +0.0%
Expenses $94,544,616 $20,952,737 +3.5%
Net Income $-7,168,087 $62,586,023 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $87,376,529 $94,544,616 $116,365,972 $-7,168,087
2022 $83,538,760 $20,952,737 $119,835,629 $62,586,023
2021 $79,995,836 $66,186,551 $154,555,695 $13,809,285
2020 $79,327,345 $100,110,989 $174,367,129 $-20,783,644
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