SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK VEBA TRUST (EIN 201093992) - 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

2003

Legal Domicile

Phone

5187455203

Tax Period

2024-01-01 to 2024-12-31

SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK VEBA TRUST, founded in 2003, is a micro nonprofit in the Mutual Benefit sector that reported $52K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $118K exceeded revenue, resulting in a 125% operating deficit.

Mission

PROVIDE RETIREE LIFE INSURANCE AND DISABILITY BENEFITS FOR EMPLOYEES AND RETIREES OF SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK.

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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 $0

Investment Income $52,211

Other Revenue $0

TOTAL REVENUE $52,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,717

Other Expenses $0

TOTAL EXPENSES $117,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,211	$100,397	-0.5%
Expenses	$117,717	$88,797	+0.3%
Net Income	$-65,506	$11,600	-6.6%

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

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
NBT BANK NA SHEILA E GRANT	Trustee	0.00		$0	$0	$2,500

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
2025	No data	No data	No data	No data
2024	$52,211	$117,717	$2,672,249	$-65,506
2023	$100,397	$88,797	$2,408,951	$11,600
2022	$39,187	$104,448	$2,113,613	$-65,261
2021	$51,010	$26,810	$2,621,482	$24,200
2020	$179,725	$141,077	$2,263,115	$38,648
2019	$71,917	$157,957	$2,135,866	$-86,040

SECURITY MUTUAL LIFE INSURANCE COMPANY OF NEW YORK VEBA TRUST