New York Life And Health & Life Benefit Tr
New York Life And Health & Life Benefit Tr shows volatile revenue and expenses but maintains strong assets and zero liabilities.
EIN: 137035849 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.2M |
| Total Expenses | $64.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $494 |
| Net Assets | $494.8M |
| Transparency Score | 75/100 |
Is New York Life And Health & Life 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 & Life Benefit Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Life And Health & Life Benefit Tr
New York Life And Health & Life Benefit Tr (EIN: 137035849) is a nonprofit organization based in New York, NY. The organization reported total revenue of $17.2M and total assets of $569.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Life And Health & Life 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 & Life 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 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60.4M |
| Total Expenses | $64.2M |
| Surplus / Deficit | $-3,795,919 |
| Total Assets | $494.8M |
| Net Assets | $494.8M |
| Operating Margin | -6.3% |
| Months of Reserves | 92.5 months |
Financial Health Grade: B
In 2023, New York Life And Health & Life Benefit Tr reported a deficit of $3.8M with expenses exceeding revenue, holds 92.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), New York Life And Health & Life Benefit Tr's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1085.1% | +579.7% | +12.9% |
| 2022 | -59.0% | -36.2% | -17.7% |
| 2021 | -7.5% | +14.7% | +15.0% |
| 2020 | -7.1% | +6.8% | +11.9% |
| 2019 | -45.5% | -47.0% | +19.0% |
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 & Life Benefit Tr with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New York Life And Health & Life Benefit Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $3.8M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an entity with assets exceeding $494 million.
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 & Life Benefit Tr's IRS 990 filings:
- Unusually high volatility in revenue and expenses year-over-year without clear explanation in summary data.
- Consistent 0% officer compensation for an organization of this size, which may obscure how leadership is compensated or sustained.
- NTEE code is unknown, making it difficult to categorize and compare its performance against peers.
Strengths
The following positive indicators were identified for New York Life And Health & Life Benefit Tr:
- Consistently reports zero liabilities, indicating strong financial health and low debt risk.
- Maintains a substantial asset base, exceeding $494 million in 2023, providing significant financial stability.
- Consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory transparency.
Frequently Asked Questions about New York Life And Health & Life Benefit Tr
Is New York Life And Health & Life Benefit Tr a legitimate charity?
New York Life And Health & Life Benefit Tr (EIN: 137035849) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does New York Life And Health & Life Benefit Tr spend its money?
New York Life And Health & Life Benefit Tr directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Life And Health & Life Benefit Tr tax-deductible?
New York Life And Health & Life Benefit Tr is registered as a tax-exempt nonprofit (EIN: 137035849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Life And Health & Life Benefit Tr CEO make?
New York Life And Health & Life Benefit Tr's highest-compensated officer earns $494 annually. The organization reported $17.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Life And Health & Life Benefit Tr's spending goes to programs?
New York Life And Health & Life Benefit Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Life And Health & Life Benefit Tr located?
New York Life And Health & Life Benefit Tr is headquartered in New York, New York and files with the IRS under EIN 137035849.
How many years of IRS 990 filings does New York Life And Health & Life Benefit Tr have?
New York Life And Health & Life 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 $17.2M in total revenue.
What is the specific mission of New York Life And Health & Life Benefit Tr?
The provided data does not specify the organization's mission, only its name suggests a focus on life and health benefits. Further investigation into its 990 filings or website would be necessary to understand its exact purpose.
Why is officer compensation consistently 0%?
A consistent 0% officer compensation is highly unusual for an organization of this size and asset base. This could indicate that officers are compensated by a related entity, are volunteers, or that the compensation is reported under a different category not captured in the 'Officer Comp' summary.
What caused the significant revenue and expense fluctuations, particularly the surge in 2023?
The data shows a dramatic increase in revenue from $5,098,020 in 2022 to $60,419,112 in 2023, accompanied by a similar rise in expenses. This could be due to a large one-time grant, a significant change in investment income, or a major expansion of programs. Further detail from the 990 would be needed to understand the cause.
How does the organization manage to maintain zero liabilities with such large assets?
Consistently reporting zero liabilities while holding hundreds of millions in assets suggests a very conservative financial strategy, potentially relying solely on accumulated reserves and current revenue without incurring debt. This is a strong indicator of financial stability.
Filing History
IRS 990 filing history for New York Life And Health & Life 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 & Life Benefit Tr's revenue has grown by 435.6%, moving from $11.3M to $60.4M. Total assets increased by 119.8% over the same period, from $225.1M to $494.8M. Total functional expenses rose by 672.7%, from $8.3M to $64.2M. In its most recent filing year (2023), New York Life And Health & Life Benefit Tr reported a deficit of $3.8M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60.4M | $64.2M | $494.8M | $0 | — | — |
| 2022 | $5.1M | $9.4M | $438.3M | $0 | — | View 990 |
| 2021 | $12.4M | $14.8M | $532.6M | $0 | — | View 990 |
| 2020 | $13.4M | $12.9M | $463.2M | $0 | — | View 990 |
| 2019 | $14.5M | $12.1M | $413.8M | $0 | — | View 990 |
| 2018 | $26.6M | $22.8M | $347.9M | $0 | — | View 990 |
| 2017 | $7.8M | $8.2M | $367.5M | $0 | — | View 990 |
| 2016 | $38.2M | $6.9M | $319.2M | $0 | — | View 990 |
| 2015 | $10.8M | $9.7M | $301.7M | $0 | — | View 990 |
| 2014 | $6.7M | $8.6M | $303K | $0 | — | View 990 |
| 2013 | $7.0M | $8.7M | $285.7M | $0 | — | View 990 |
| 2012 | $7.1M | $8.0M | $240.9M | $0 | — | View 990 |
| 2011 | $14.5M | $15.5M | $221.8M | $0 | — | View 990 |
| 2010 | $11.3M | $8.3M | $225.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60.4M, expenses of $64.2M, and assets of $494.8M (revenue +1085.1% year-over-year).
- 2022: Revenue of $5.1M, expenses of $9.4M, and assets of $438.3M (revenue -59.0% year-over-year).
- 2021: Revenue of $12.4M, expenses of $14.8M, and assets of $532.6M (revenue -7.5% year-over-year).
- 2020: Revenue of $13.4M, expenses of $12.9M, and assets of $463.2M (revenue -7.1% year-over-year).
- 2019: Revenue of $14.5M, expenses of $12.1M, and assets of $413.8M (revenue -45.5% year-over-year).
- 2018: Revenue of $26.6M, expenses of $22.8M, and assets of $347.9M (revenue +241.0% year-over-year).
- 2017: Revenue of $7.8M, expenses of $8.2M, and assets of $367.5M (revenue -79.6% year-over-year).
- 2016: Revenue of $38.2M, expenses of $6.9M, and assets of $319.2M (revenue +254.2% year-over-year).
- 2015: Revenue of $10.8M, expenses of $9.7M, and assets of $301.7M (revenue +60.0% year-over-year).
- 2014: Revenue of $6.7M, expenses of $8.6M, and assets of $303K (revenue -4.1% year-over-year).
- 2013: Revenue of $7.0M, expenses of $8.7M, and assets of $285.7M (revenue -1.0% year-over-year).
- 2012: Revenue of $7.1M, expenses of $8.0M, and assets of $240.9M (revenue -50.9% year-over-year).
- 2011: Revenue of $14.5M, expenses of $15.5M, and assets of $221.8M (revenue +28.3% year-over-year).
- 2010: Revenue of $11.3M, expenses of $8.3M, and assets of $225.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Life And Health & Life Benefit Tr:
Data Sources and Methodology
This transparency report for New York Life And Health & Life 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.