The Life And Health Insurance Company Guaranty Corporation Of Ne
Guaranty Corporation consistently maintains zero liabilities and reports no officer compensation.
EIN: 133528849 · Kew Garden Hl, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.1M |
| Total Expenses | $453K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $6.0M |
| Transparency Score | 85/100 |
Is The Life And Health Insurance Company Guaranty Corporation Of Ne Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Life And Health Insurance Company Guaranty Corporation Of Ne directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Life And Health Insurance Company Guaranty Corporation Of Ne
The Life And Health Insurance Company Guaranty Corporation Of Ne (EIN: 133528849) is a nonprofit organization based in Kew Garden Hl, NY. The organization reported total revenue of $28.1M and total assets of $31.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Life And Health Insurance Company Guaranty Corporation Of Ne's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Life And Health Insurance Company Guaranty Corporation Of Ne is a large nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $897K |
| Total Expenses | $453K |
| Surplus / Deficit | +$444K |
| Total Assets | $6.0M |
| Net Assets | $6.0M |
| Operating Margin | 49.5% |
| Months of Reserves | 159.0 months |
Financial Health Grade: A
In 2023, The Life And Health Insurance Company Guaranty Corporation Of Ne reported a surplus of $444K with revenue exceeding expenses, holds 159.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Life And Health Insurance Company Guaranty Corporation Of Ne's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +230.1% | +80.4% | +8.0% |
| 2022 | +40.8% | +10.1% | +0.4% |
| 2021 | -21.1% | -4.3% | -0.6% |
| 2020 | -20.6% | +4.7% | +0.1% |
| 2019 | +17.7% | +2.0% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
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 The Life And Health Insurance Company Guaranty Corporation Of Ne 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, The Life And Health Insurance Company Guaranty Corporation Of Ne 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 surplus of $444K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either an entirely volunteer-led executive team or compensation structured in a way that is not reported as officer compensation on the 990, which is unusual for an organization with assets over $5 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 The Life And Health Insurance Company Guaranty Corporation Of Ne's IRS 990 filings:
- Discrepancy between 'Latest Revenue' and most recent filing's revenue, requiring clarification.
- Consistent 0% officer compensation, which is unusual for an organization with significant assets and operations, potentially obscuring executive remuneration.
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for The Life And Health Insurance Company Guaranty Corporation Of Ne:
- Consistently reports $0 in liabilities across all filings, indicating strong financial solvency.
- Maintains positive assets in all reported periods, demonstrating financial stability.
- Appears to have a very low administrative overhead, given the 0% officer compensation and generally low expenses relative to assets in most years.
Frequently Asked Questions about The Life And Health Insurance Company Guaranty Corporation Of Ne
Is The Life And Health Insurance Company Guaranty Corporation Of Ne a legitimate charity?
The Life And Health Insurance Company Guaranty Corporation Of Ne (EIN: 133528849) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $28.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Life And Health Insurance Company Guaranty Corporation Of Ne spend its money?
The Life And Health Insurance Company Guaranty Corporation Of Ne directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Life And Health Insurance Company Guaranty Corporation Of Ne tax-deductible?
The Life And Health Insurance Company Guaranty Corporation Of Ne is registered as a tax-exempt nonprofit (EIN: 133528849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Life And Health Insurance Company Guaranty Corporation Of Ne CEO make?
The Life And Health Insurance Company Guaranty Corporation Of Ne's highest-compensated officer earns $5 annually. The organization reported $28.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Life And Health Insurance Company Guaranty Corporation Of Ne located?
The Life And Health Insurance Company Guaranty Corporation Of Ne is headquartered in Kew Garden Hl, New York and files with the IRS under EIN 133528849.
How many years of IRS 990 filings does The Life And Health Insurance Company Guaranty Corporation Of Ne have?
The Life And Health Insurance Company Guaranty Corporation Of Ne has 13 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 $28.1M in total revenue.
How does The Life And Health Insurance Company Guaranty Corporation Of Ne fund its operations if officer compensation is consistently 0%?
The consistent reporting of 0% officer compensation suggests that either the executive leadership is entirely volunteer-based, or their compensation is categorized differently within the IRS 990, such as through contractor fees or other administrative expenses, rather than direct officer compensation. This warrants further review of their detailed expense breakdowns.
What caused the significant revenue and expense spike in 2014 ($109M revenue, $113M expenses) compared to other years?
The substantial increase in revenue and expenses in 2014 likely indicates a major event or activity, such as a large claim payout, a significant assessment from member companies, or a one-time financial transaction related to its guaranty fund purpose. This is a critical outlier in its financial history.
What is the nature of the 'Latest Revenue' figure ($28,094,451) given the most recent filing shows $897,134?
The discrepancy between the 'Latest Revenue' and the most recent filing's revenue suggests that the 'Latest Revenue' might be an aggregate figure, a different type of revenue not captured in the annual filing summary, or from a different reporting period not explicitly listed in the provided filing history. Clarification is needed to understand the organization's current operational scale.
Given its purpose as a guaranty corporation, how does the organization manage its assets and potential liabilities related to insurance company failures?
The organization consistently reports $0 in liabilities, even with assets over $5 million. This suggests a robust financial management strategy where potential future obligations are either not recognized as liabilities on the balance sheet or are covered by specific fund structures not detailed in this summary. Its primary function is to protect policyholders, so understanding its reserve management is key.
Filing History
IRS 990 filing history for The Life And Health Insurance Company Guaranty Corporation Of Ne showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Life And Health Insurance Company Guaranty Corporation Of Ne's revenue has grown by 368.7%, moving from $191K to $897K. Total assets increased by 3424.1% over the same period, from $170K to $6.0M. Total functional expenses fell by 42.9%, from $794K to $453K. In its most recent filing year (2023), The Life And Health Insurance Company Guaranty Corporation Of Ne reported a surplus of $444K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $897K | $453K | $6.0M | $0 | — | — |
| 2022 | $272K | $251K | $5.6M | $0 | — | View 990 |
| 2021 | $193K | $228K | $5.5M | $0 | — | View 990 |
| 2020 | $244K | $238K | $5.6M | $0 | — | — |
| 2019 | $308K | $228K | $5.6M | $0 | — | View 990 |
| 2018 | $262K | $223K | $5.5M | $0 | — | View 990 |
| 2017 | $243K | $233K | $5.4M | $0 | — | View 990 |
| 2016 | $209K | $228K | $5.4M | $0 | — | View 990 |
| 2015 | $228K | $248K | $5.5M | $0 | — | View 990 |
| 2014 | $109.2M | $113.7M | $5.5M | $0 | — | View 990 |
| 2013 | $393.6M | $387.6M | $10.0M | $0 | — | View 990 |
| 2012 | $5.2M | $1.4M | $4.0M | $0 | — | View 990 |
| 2011 | $191K | $794K | $170K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $897K, expenses of $453K, and assets of $6.0M (revenue +230.1% year-over-year).
- 2022: Revenue of $272K, expenses of $251K, and assets of $5.6M (revenue +40.8% year-over-year).
- 2021: Revenue of $193K, expenses of $228K, and assets of $5.5M (revenue -21.1% year-over-year).
- 2020: Revenue of $244K, expenses of $238K, and assets of $5.6M (revenue -20.6% year-over-year).
- 2019: Revenue of $308K, expenses of $228K, and assets of $5.6M (revenue +17.7% year-over-year).
- 2018: Revenue of $262K, expenses of $223K, and assets of $5.5M (revenue +7.8% year-over-year).
- 2017: Revenue of $243K, expenses of $233K, and assets of $5.4M (revenue +15.9% year-over-year).
- 2016: Revenue of $209K, expenses of $228K, and assets of $5.4M (revenue -8.0% year-over-year).
- 2015: Revenue of $228K, expenses of $248K, and assets of $5.5M (revenue -99.8% year-over-year).
- 2014: Revenue of $109.2M, expenses of $113.7M, and assets of $5.5M (revenue -72.3% year-over-year).
- 2013: Revenue of $393.6M, expenses of $387.6M, and assets of $10.0M (revenue +7452.1% year-over-year).
- 2012: Revenue of $5.2M, expenses of $1.4M, and assets of $4.0M (revenue +2623.0% year-over-year).
- 2011: Revenue of $191K, expenses of $794K, and assets of $170K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Life And Health Insurance Company Guaranty Corporation Of Ne:
Data Sources and Methodology
This transparency report for The Life And Health Insurance Company Guaranty Corporation Of Ne 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.