NEW YORK LIFE INSURANCE COMPANY AGENTS' HEALTH AND LIFE BENEFIT TRUST (EIN 137035850) - 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

2024-01-01 to 2024-12-31

NEW YORK LIFE INSURANCE COMPANY AGENTS' HEALTH AND LIFE BENEFIT TRUST, founded in 1993, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.8M, a strong 22% operating margin.

Mission

ORGANIZATION IS A VEBA TRUST THAT RECEIVES CONTRIBUTIONS FROM NEW YORK LIFE INSURANCE COMPANY TO PREFUND LIFE AND HEALTH BENEFITS FOR RETIRED AGENTS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,502,094

Investment Income $10,220,438

Other Revenue $2,762,863

TOTAL REVENUE $17,485,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,117,598

TOTAL EXPENSES $13,700,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,485,395	$57,941,038	-0.7%
Expenses	$13,700,873	$61,159,680	-0.8%
Net Income	$3,784,522	$-3,218,642	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG SABAL	SMD & DEPUTY CHIEF INVEST.	0.50	Director	$0	$0	$0
ANTHONY MALLOY	EVP & CHIEF INVEST OFFICER	0.50	Director	$0	$0	$0
KEVIN BOPP	SENIOR VICE PRESIDENT	0.50	Director	$0	$0	$0
JOANNE RODGERS	SVP & CHIEF HUMAN RESOURCE	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

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	$17,485,395	$13,700,873	$487,301,914	$3,784,522
2023	$57,941,038	$61,159,680	$427,319,651	$-3,218,642
2022	$9,191,769	$14,134,984	$385,098,881	$-4,943,215
2021	$14,060,231	$16,758,677	$463,766,550	$-2,698,446
2020	$16,369,629	$18,715,870	$376,250,306	$-2,346,241

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