MBL LIFE VEBA CO BANK OF AMERICA NA (EIN 223646417) - 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

1999

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

8888663275

Tax Period

2023-01-01 to 2023-12-31

MBL LIFE VEBA CO BANK OF AMERICA NA, founded in 1999, is a small nonprofit in the Education sector that reported $796K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 324% operating deficit.

Mission

PROVIDES LIFE INSURANCE & HEALTH BENEFITS TO ELIGIBLE BENEFICIARIES

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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 $311,219

Investment Income $23,305

Other Revenue $461,903

TOTAL REVENUE $796,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,282

Fundraising Expenses $0

Program Expenses $2,803,245

Other Expenses $537,921

TOTAL EXPENSES $3,376,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$796,427	$1,278,791	-0.4%
Expenses	$3,376,448	$3,295,785	+0.0%
Net Income	$-2,580,021	$-2,016,994	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BANK OF AMERICA	TRUSTEE	N/A		$35,282	$0	$35,282

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	$796,427	$3,376,448	$7,328,559	$-2,580,021
2022	$1,278,791	$3,295,785	$7,955,094	$-2,016,994
2021	$1,857,256	$5,150,349	$9,489,600	$-3,293,093
2020	$1,398,148	$2,118,738	$10,330,026	$-720,590
2019	$586,456	$2,039,723	$10,532,860	$-1,453,267

MBL LIFE VEBA CO BANK OF AMERICA NA