Connecticut Mutual Life Insurance Co Voluntary Employee Health

EIN: 061128889

Springfield, MA

Total Revenue
$17
Total Expenses
$278,475
Total Assets
$75,702
Net Assets
$75,702
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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
1984
Legal Domicile
MA
Phone
8605622120
Tax Period
2021-01-01 to 2021-12-31

Connecticut Mutual Life Insurance Co Voluntary Employee Health, founded in 1984, is a micro nonprofit that reported $17 in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 1637988% operating deficit.

Mission

The CM VEBA Trust was established to hold the Plan assets to provide for payment of life insurance benefits covering certain employees of MassMutual Life Insurance Company who were employed or previously employed by Connecticut Mutual Life Insurance Company at the time of the MM/CM merger.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $17
Other Revenue $0
TOTAL REVENUE $17

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $278,475
Other Expenses $0
TOTAL EXPENSES $278,475

Year-over-Year Comparison

2021 2020 Change
Revenue $17 $1,270 -1.0%
Expenses $278,475 $288,088 0.0%
Net Income $-278,458 $-286,818 0.0%
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
1
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 THE MASSMUTUAL TRUST COMPANY, FSB N/A
$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
2021 $17 $278,475 $75,702 $-278,458
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