LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION

EIN: 521904610

ARLINGTON, VA

Total Revenue
$564,406
Total Expenses
$686,793
Total Assets
$339,380
Net Assets
$-905,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DC
Principal Officer
KEVIN M MAYEUX
Phone
7037708100
Tax Period
2023-01-01 to 2023-12-31

LIFE AND HEALTH INSURANCE FOUNDATION FOR EDUCATION, founded in 1994, is a small nonprofit that reported $564K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $687K exceeded revenue, resulting in a 22% operating deficit.

Mission

LIFE HAPPENS IS A NONPROFIT ORGANIZATION DEDICATED TO HELPING CONSUMERS TAKE PERSONAL FINANCIAL RESPONSIBILITY THROUGH THE OWNERSHIP OF LIFE INSURANCE AND RELATED PRODUCTS. THE ORGANIZATION DOES NOT ENDORSE ANY PRODUCT, COMPANY, OR INSURANCE ADVISOR. SINCE ITS INCEPTION IN 1994, LIFE HAPPENS HAS PROVIDED THE HIGHEST QUALITY, INDEPENDENT AND OBJECTIVE INFORMATION FOR PEOPLE SEEKING HELP WITH THEIR INSURANCE BUYING DECISIONS. THE ORGANIZATION IS ON THE LEADING EDGE OF TECHNOLOGY INNOVATION TO SUPPORT THE INSURANCE INDUSTRY BY PROVIDING MARKETING AND SOCIAL-MEDIA TOOLS AND RESOURCES THROUGH ITS PROPRIETARY LIFE HAPPENS PRO DIGITAL PLATFORM. IN ADDITION, IT CONVENES THE INDUSTRY EACH SEPTEMBER FOR LIFE INSURANCE AWARENESS MONTH, WHICH IT CREATED IN 2004. LIFE HAPPENS IS SUPPORTED BY MORE THAN 140 OF THE NATION'S LEADING INSURANCE COMPANY AND FINANCIAL SERVICES ORGANIZATIONS. TO LEARN MORE, VISIT WWW.LIFEHAPPENS.ORG.

Program Service Accomplishments

Program 1

MEDIA AND PUBLIC RELATIONS - THE FOUNDATION AND ITS MEDIA RELATIONS TEAM WORKED ON KEEPING THE PUBLIC INFORMED ON THE VALUE OF INSURANCE. ITS USAGE OF AWARENESS MONTHS AND SPOKES PEOPLE HAVE GREATLY...

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MEDIA AND PUBLIC RELATIONS - THE FOUNDATION AND ITS MEDIA RELATIONS TEAM WORKED ON KEEPING THE PUBLIC INFORMED ON THE VALUE OF INSURANCE. ITS USAGE OF AWARENESS MONTHS AND SPOKES PEOPLE HAVE GREATLY INCREASED THE COVERAGE OF THE FOUNDATION'S PROGRAMS AND EDUCATIONAL PIECES RECEIVE.

Program 2

THE FOUNDATION'S ADVERTISING OUTREACH IS AN EFFORT TO EDUCATE CONSUMERS AND ENERGIZE THE FIELD. WE ADVERTISE ON CONSUMER WEBSITES WITH DIGITAL ADVERTISEMENTS FEATURING STORIES FROM THE AWARENESS...

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THE FOUNDATION'S ADVERTISING OUTREACH IS AN EFFORT TO EDUCATE CONSUMERS AND ENERGIZE THE FIELD. WE ADVERTISE ON CONSUMER WEBSITES WITH DIGITAL ADVERTISEMENTS FEATURING STORIES FROM THE AWARENESS MONTH CAMPAIGN, REAL LIFE STORIES OR LIFE LESSONS PROGRAMS. THESE ADS APPEARED ON THE FOLLOWING WEBSITES: HULU, YOUTUBE, AOL, AND MANY OTHER ONLINE SITES AND SOCIAL MEDIA PLATFORMS.

Program 3

DIGITAL PLATFORM - THE FOUNDATION'S NEWLY LAUNCHED PLATFORM WHICH PROVIDES ALL THE FOUNDATION'S RESOURCES IN A DIGITAL FORMAT TO BE USED BY INSURANCE COMPANIES AND AGENTS IN EDUCATING CONSUMERS ABOUT...

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DIGITAL PLATFORM - THE FOUNDATION'S NEWLY LAUNCHED PLATFORM WHICH PROVIDES ALL THE FOUNDATION'S RESOURCES IN A DIGITAL FORMAT TO BE USED BY INSURANCE COMPANIES AND AGENTS IN EDUCATING CONSUMERS ABOUT LIFE INSURANCE AND ITS RELATED PRODUCTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $403,333
Program Service Revenue $161,073
Investment Income $0
Other Revenue $0
TOTAL REVENUE $564,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,156
Fundraising Expenses $0
Other Expenses $304,637
TOTAL EXPENSES $686,793

Year-over-Year Comparison

2023 2022 Change
Revenue $564,406 $2,255,724 -0.7%
Expenses $686,793 $3,690,250 -0.8%
Net Income $-122,387 $-1,434,526 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
12
Volunteers
5

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
4
$1,042,760
Total Directors
6
$1,065
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARB PIETRANGELO VICE CHAIR 2.50
Director
$0 $0 $0
MARK HANNA CLU CHFC AIF DIRECTOR 2.50
Director
$0 $0 $0
MICHAEL WEINTRAUB TREASURER 2.50
Director
$0 $0 $0
R JAN PINNEY DIRECTOR 2.50
Director
$0 $0 $0
PAUL DOUGHERTY TRUSTEE 2.50
Director
$0 $0 $0
LARRY HOLZBERG TRUSTEE 3.00
Director
$0 $0 $1,065
MARGARET LEYES CHIEF CREATIVE OFFICER 35.00
Officer
$193,768 $24,719 $218,487
ERNI DAVIS CFO 10.00
Officer
$0 $23,005 $231,791
KEVIN M MAYEUX CEO 10.00
Officer
$0 $30,118 $592,482
BRIAN STEINER EXECUTIVE DIRECTOR 10.00
Officer
$0 $0 $0
JOSHUA DUNHAM CHIEF RELATIONSHIP OFFICER 40.00
Highest
$221,308 $0 $221,308
RICHARD PRATTE HEAD OF PRODUCT 40.00
Highest
$140,591 $0 $140,591
JEREMY VAUGHT DIRECTOR OF ENGINEERING 40.00
Highest
$119,306 $0 $119,306
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 $564,406 $686,793 $339,380 $-122,387
2022 $2,255,724 $3,690,250 $2,862,476 $-1,434,526
2021 $3,872,608 $3,650,720 $4,929,760 $221,888
2020 $3,782,190 $3,438,692 $4,499,570 $343,498
2019 $3,145,972 $3,886,417 $3,835,976 $-740,445
2018 $4,109,445 $4,007,154 $4,776,799 $102,291
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