NEW YORK LIFE INSURANCE COMPANY EMPLOYEES' HEALTH AND LIFE BENEFIT TRUST (EIN 137035849) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

KAREN BAIN

Phone

2019422264

Tax Period

2023-01-01 to 2023-12-31

NEW YORK LIFE INSURANCE COMPANY EMPLOYEES' HEALTH AND LIFE BENEFIT TRUST, founded in 1993, is a mid-sized nonprofit that reported $60.4M in total revenue in fiscal year 2023. Revenue surged 1085% from the prior year, signaling strong growth momentum. Net assets of $494.8M represent 98 months of operating reserves.

Mission

ORGANIZATION IS A VEBA TRUST THAT RECEIVES CONTRIBUTIONS FROM NEW YORK LIFE INSURANCE COMPANY TO PREFUND LIFE AND HEALTH BENEFITS FOR RETIRED EMPLOYEES OF NEW YORK LIFE INSURANCE COMPANY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,959,802

Investment Income $13,459,310

Other Revenue $0

TOTAL REVENUE $60,419,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,587,393

TOTAL EXPENSES $64,215,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,419,112	$5,098,020	+10.9%
Expenses	$64,215,031	$9,447,688	+5.8%
Net Income	$-3,795,919	$-4,349,668	-0.1%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG SABAL	SMD & DEPUTY CHIEF INVEST. OFFICER	0.50	Director	$0	$0	$0
ANTHONY MALLOY	EVP & CHIEF INVEST OFFICER	0.50	Director	$0	$0	$0
SCOTT LENZ	SVP, DEPUTY GC & CHIEF TAX	0.50	Director	$0	$0	$0
WESLEY LODEN	VP & ACTUARY	0.50	Director	$0	$0	$0
JOANNE RODGERS	SVP & CHIEF HUMAN RESOURCES OFFICER	0.50	Director	$0	$0	$0
KEVIN BOPP	SENIOR VICE PRESIDENT	0.50	Director	$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	$60,419,112	$64,215,031	$494,773,147	$-3,795,919
2022	$5,098,020	$9,447,688	$438,308,471	$-4,349,668
2021	$12,422,614	$14,812,045	$532,585,343	$-2,389,431
2020	$13,436,456	$12,916,341	$463,245,416	$520,115

NEW YORK LIFE INSURANCE COMPANY EMPLOYEES' HEALTH AND LIFE BENEFIT TRUST