John Hancock Mutual Life Insurance Company Empl Welfare Trust
EIN: 43105469 · Boston, MA · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $95.4M |
| Total Expenses | $94.5M |
| Net Assets | $-81,290,488 |
Is John Hancock Mutual Life Insurance Company Empl Welfare Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About John Hancock Mutual Life Insurance Company Empl Welfare Trust
John Hancock Mutual Life Insurance Company Empl Welfare Trust (EIN: 43105469) is a nonprofit organization based in Boston, MA, classified under NTEE code Y43. The organization reported total revenue of $95.4M and total assets of $105.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John Hancock Mutual Life Insurance Company Empl Welfare Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John Hancock Mutual Life Insurance Company Empl Welfare Trust is a major nonprofit that has been operating for 12 years, with 16 years of IRS 990 filings on record (2008–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87.4M |
| Total Expenses | $94.5M |
| Surplus / Deficit | $-7,168,087 |
| Total Assets | $116.4M |
| Total Liabilities | $197.7M |
| Net Assets | $-81,290,488 |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 169.9% |
| Months of Reserves | 14.8 months |
Financial Health Grade: C
In 2023, John Hancock Mutual Life Insurance Company Empl Welfare Trust reported a deficit of $7.2M with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 169.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +351.2% | -2.9% |
| 2022 | +4.4% | -68.3% | -22.5% |
| 2021 | +0.8% | -33.9% | -11.4% |
| 2020 | +9.5% | -4.6% | -1.3% |
| 2019 | -12.2% | +129.9% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for John Hancock Mutual Life Insurance Company Empl Welfare Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates John Hancock Mutual Life Insurance Company Empl Welfare Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 169.9%.
Frequently Asked Questions about John Hancock Mutual Life Insurance Company Empl Welfare Trust
Is John Hancock Mutual Life Insurance Company Empl Welfare Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, John Hancock Mutual Life Insurance Company Empl Welfare Trust (EIN: 43105469) insufficient data. 0 red flags identified, 0 strengths noted.
How does John Hancock Mutual Life Insurance Company Empl Welfare Trust spend its money?
Detailed spending breakdown data is not yet available for John Hancock Mutual Life Insurance Company Empl Welfare Trust. Check back for updated IRS 990 analysis.
Are donations to John Hancock Mutual Life Insurance Company Empl Welfare Trust tax-deductible?
John Hancock Mutual Life Insurance Company Empl Welfare Trust is registered as a tax-exempt nonprofit (EIN: 43105469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is John Hancock Mutual Life Insurance Company Empl Welfare Trust located?
John Hancock Mutual Life Insurance Company Empl Welfare Trust is headquartered in Boston, Massachusetts and files with the IRS under EIN 43105469. It is classified under NTEE code Y43.
How many years of IRS 990 filings does John Hancock Mutual Life Insurance Company Empl Welfare Trust have?
John Hancock Mutual Life Insurance Company Empl Welfare Trust has 16 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $95.4M in total revenue.
Filing History
IRS 990 filing history for John Hancock Mutual Life Insurance Company Empl Welfare Trust showing financial trends over 16 years of public records:
Total assets increased by 2.2% over the same period, from $113.9M to $116.4M. Total functional expenses rose by 9214.7%, from $1.0M to $94.5M. In its most recent filing year (2023), John Hancock Mutual Life Insurance Company Empl Welfare Trust reported a deficit of $7.2M, with expenses exceeding revenue. The organization holds $197.7M in liabilities against $116.4M in assets (debt-to-asset ratio: 169.9%), resulting in net assets of $-81,290,488.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87.4M | $94.5M | $116.4M | $197.7M | — | — |
| 2022 | $83.5M | $21.0M | $119.8M | $198.6M | — | View 990 |
| 2021 | $80.0M | $66.2M | $154.6M | $264.3M | — | View 990 |
| 2020 | $79.3M | $100.1M | $174.4M | $292.2M | — | View 990 |
| 2019 | $72.4M | $105.0M | $176.6M | $280.7M | — | View 990 |
| 2018 | $82.5M | $45.7M | $185.7M | $268.5M | — | View 990 |
| 2017 | $83.4M | $91.5M | $128.2M | $229.2M | — | View 990 |
| 2016 | $62.9M | $39.2M | $184.5M | $282.2M | — | View 990 |
| 2015 | $109.5M | $51.5M | $180.8M | $308.0M | — | View 990 |
| 2014 | $29.0M | $51.9M | $180.6M | $322.6M | — | View 990 |
| 2013 | $53.4M | $-4,849,713 | $168.3M | $302.3M | — | View 990 |
| 2012 | $33.4M | $13.1M | $143.0M | $335.2M | — | — |
| 2011 | $37.2M | $30.5M | $139.9M | $352.4M | — | — |
| 2010 | $46.1M | $46.5M | $135.4M | $354.6M | — | View 990 |
| 2009 | $53.7M | $14.5M | $121.5M | $340.3M | — | View 990 |
| 2008 | $-31,376,000 | $1.0M | $113.9M | $151.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87.4M, expenses of $94.5M, and assets of $116.4M (revenue +4.6% year-over-year).
- 2022: Revenue of $83.5M, expenses of $21.0M, and assets of $119.8M (revenue +4.4% year-over-year).
- 2021: Revenue of $80.0M, expenses of $66.2M, and assets of $154.6M (revenue +0.8% year-over-year).
- 2020: Revenue of $79.3M, expenses of $100.1M, and assets of $174.4M (revenue +9.5% year-over-year).
- 2019: Revenue of $72.4M, expenses of $105.0M, and assets of $176.6M (revenue -12.2% year-over-year).
- 2018: Revenue of $82.5M, expenses of $45.7M, and assets of $185.7M (revenue -1.1% year-over-year).
- 2017: Revenue of $83.4M, expenses of $91.5M, and assets of $128.2M (revenue +32.5% year-over-year).
- 2016: Revenue of $62.9M, expenses of $39.2M, and assets of $184.5M (revenue -42.5% year-over-year).
- 2015: Revenue of $109.5M, expenses of $51.5M, and assets of $180.8M (revenue +278.2% year-over-year).
- 2014: Revenue of $29.0M, expenses of $51.9M, and assets of $180.6M (revenue -45.8% year-over-year).
- 2013: Revenue of $53.4M, expenses of $-4,849,713, and assets of $168.3M (revenue +60.1% year-over-year).
- 2012: Revenue of $33.4M, expenses of $13.1M, and assets of $143.0M (revenue -10.3% year-over-year).
- 2011: Revenue of $37.2M, expenses of $30.5M, and assets of $139.9M (revenue -19.4% year-over-year).
- 2010: Revenue of $46.1M, expenses of $46.5M, and assets of $135.4M (revenue -14.1% year-over-year).
- 2009: Revenue of $53.7M, expenses of $14.5M, and assets of $121.5M.
- 2008: Revenue of $-31,376,000, expenses of $1.0M, and assets of $113.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John Hancock Mutual Life Insurance Company Empl Welfare Trust:
Data Sources and Methodology
This transparency report for John Hancock Mutual Life Insurance Company Empl Welfare Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.