New York Life And Health Company Agents Benefit Tr
New York Life And Health Company Agents Benefit Tr maintains substantial assets with fluctuating revenue and expenses, reporting zero liabilities and officer compensation.
EIN: 137035850 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $61.2M |
| Program Spending | 90% |
| Net Assets | $427.3M |
| Transparency Score | 85/100 |
Is New York Life And Health Company Agents Benefit Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Life And Health Company Agents Benefit Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Life And Health Company Agents Benefit Tr
New York Life And Health Company Agents Benefit Tr (EIN: 137035850) is a nonprofit organization based in New York, NY. The organization reported total revenue of $17.5M and total assets of $487.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Life And Health Company Agents Benefit Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Life And Health Company Agents Benefit Tr is a large nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57.9M |
| Total Expenses | $61.2M |
| Surplus / Deficit | $-3,218,642 |
| Total Assets | $427.3M |
| Net Assets | $427.3M |
| Operating Margin | -5.6% |
| Months of Reserves | 83.8 months |
Financial Health Grade: B
In 2023, New York Life And Health Company Agents Benefit Tr reported a deficit of $3.2M with expenses exceeding revenue, holds 83.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), New York Life And Health Company Agents Benefit Tr's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +530.4% | +332.7% | +11.0% |
| 2022 | -34.6% | -15.7% | -17.0% |
| 2021 | -14.1% | -10.5% | +23.3% |
| 2020 | +12.7% | +46.6% | +10.6% |
| 2019 | -36.9% | -39.0% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Life And Health Company Agents Benefit Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New York Life And Health Company Agents Benefit Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or key employees directly from the trust's funds as reported on the IRS Form 990. This suggests either a volunteer leadership structure or that compensation is handled through an external entity, which is not uncommon for trusts.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Life And Health Company Agents Benefit Tr's IRS 990 filings:
- Lack of detailed administrative spending breakdown beyond officer compensation
- NTEE Code is unknown, limiting clear understanding of its specific charitable category
Strengths
The following positive indicators were identified for New York Life And Health Company Agents Benefit Tr:
- Consistently maintains substantial assets (e.g., $427,319,651 in 2023)
- Reports zero liabilities across all available filings, indicating strong financial solvency
- Consistent operational history with 14 filings
- Reports 0% officer compensation, suggesting lean executive overhead or external support
Frequently Asked Questions about New York Life And Health Company Agents Benefit Tr
Is New York Life And Health Company Agents Benefit Tr a legitimate charity?
New York Life And Health Company Agents Benefit Tr (EIN: 137035850) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does New York Life And Health Company Agents Benefit Tr spend its money?
New York Life And Health Company Agents Benefit Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to New York Life And Health Company Agents Benefit Tr tax-deductible?
New York Life And Health Company Agents Benefit Tr is registered as a tax-exempt nonprofit (EIN: 137035850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New York Life And Health Company Agents Benefit Tr located?
New York Life And Health Company Agents Benefit Tr is headquartered in New York, New York and files with the IRS under EIN 137035850.
How many years of IRS 990 filings does New York Life And Health Company Agents Benefit Tr have?
New York Life And Health Company Agents Benefit Tr has 14 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 $17.5M in total revenue.
What is the primary purpose of the 'Benefit Tr' and how does it disburse funds?
As a 'Benefit Tr', its primary purpose is likely to manage and disburse benefits to eligible New York Life And Health Company agents. The specific mechanisms for fund disbursement would be detailed in the trust's governing documents, which are not publicly available in the 990 data.
Why does the organization consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that either the trust is managed by unpaid volunteers, or executive services are provided by an external entity (e.g., New York Life And Health Company itself) and not directly compensated by the trust, or compensation is structured in a way that it doesn't appear as officer compensation on the 990.
What accounts for the significant year-over-year fluctuations in revenue and expenses?
Fluctuations in revenue (e.g., $9.19M in 2022 to $57.94M in 2023) and expenses (e.g., $14.13M in 2022 to $61.16M in 2023) could be due to varying investment returns, changes in the number or size of benefit claims processed, or other operational factors inherent to managing a benefit trust.
How does the organization manage to maintain zero liabilities consistently?
Consistently reporting zero liabilities indicates robust financial management, suggesting that the trust operates on a pay-as-you-go basis or has sufficient reserves to cover all obligations without incurring debt. This is a strong indicator of financial health.
Filing History
IRS 990 filing history for New York Life And Health Company Agents Benefit Tr showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New York Life And Health Company Agents Benefit Tr's revenue has grown by 444.4%, moving from $10.6M to $57.9M. Total assets increased by 116.1% over the same period, from $197.8M to $427.3M. Total functional expenses rose by 585.4%, from $8.9M to $61.2M. In its most recent filing year (2023), New York Life And Health Company Agents Benefit Tr reported a deficit of $3.2M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57.9M | $61.2M | $427.3M | $0 | — | — |
| 2022 | $9.2M | $14.1M | $385.1M | $0 | — | View 990 |
| 2021 | $14.1M | $16.8M | $463.8M | $0 | — | View 990 |
| 2020 | $16.4M | $18.7M | $376.3M | $0 | — | View 990 |
| 2019 | $14.5M | $12.8M | $340.3M | $0 | — | View 990 |
| 2018 | $23.0M | $20.9M | $286.9M | $0 | — | View 990 |
| 2017 | $11.6M | $11.5M | $304.5M | $0 | — | View 990 |
| 2016 | $39.1M | $10.0M | $264.6M | $0 | — | View 990 |
| 2015 | $10.0M | $10.2M | $254.0M | $0 | — | View 990 |
| 2014 | $6.4M | $11.9M | $257.2M | $0 | — | View 990 |
| 2013 | $7.9M | $8.8M | $245.8M | $0 | — | View 990 |
| 2012 | $5.7M | $8.2M | $207.6M | $0 | — | View 990 |
| 2011 | $8.3M | $12.1M | $192.0M | $0 | — | View 990 |
| 2010 | $10.6M | $8.9M | $197.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57.9M, expenses of $61.2M, and assets of $427.3M (revenue +530.4% year-over-year).
- 2022: Revenue of $9.2M, expenses of $14.1M, and assets of $385.1M (revenue -34.6% year-over-year).
- 2021: Revenue of $14.1M, expenses of $16.8M, and assets of $463.8M (revenue -14.1% year-over-year).
- 2020: Revenue of $16.4M, expenses of $18.7M, and assets of $376.3M (revenue +12.7% year-over-year).
- 2019: Revenue of $14.5M, expenses of $12.8M, and assets of $340.3M (revenue -36.9% year-over-year).
- 2018: Revenue of $23.0M, expenses of $20.9M, and assets of $286.9M (revenue +98.7% year-over-year).
- 2017: Revenue of $11.6M, expenses of $11.5M, and assets of $304.5M (revenue -70.3% year-over-year).
- 2016: Revenue of $39.1M, expenses of $10.0M, and assets of $264.6M (revenue +292.5% year-over-year).
- 2015: Revenue of $10.0M, expenses of $10.2M, and assets of $254.0M (revenue +56.7% year-over-year).
- 2014: Revenue of $6.4M, expenses of $11.9M, and assets of $257.2M (revenue -19.6% year-over-year).
- 2013: Revenue of $7.9M, expenses of $8.8M, and assets of $245.8M (revenue +38.4% year-over-year).
- 2012: Revenue of $5.7M, expenses of $8.2M, and assets of $207.6M (revenue -30.8% year-over-year).
- 2011: Revenue of $8.3M, expenses of $12.1M, and assets of $192.0M (revenue -22.5% year-over-year).
- 2010: Revenue of $10.6M, expenses of $8.9M, and assets of $197.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Life And Health Company Agents Benefit Tr:
Data Sources and Methodology
This transparency report for New York Life And Health Company Agents Benefit Tr 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.