The Life and Health Insurance Company Guaranty Corporation of Ne
501(c)(6)
Strong reserves Growing revenue
The Life and Health Insurance Company Guaranty Corporation of Ne is a 501(c)(6) organization based in Kew Garden Hl, New York, with $28,094,451 in FY2024 revenue.
14106 71st Ave, Kew Garden Hl, NY, 11367 EIN 13-3528849
Revenue (FY2024)
$28.1M
▲ 3031.6% vs prior year
Expenses (FY2024)
$2.6M
Net assets
$31.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Life and Health Insurance Company Guaranty Corporation of Ne— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating148 mo reserves · +91% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Life and Health Insurance Company Guaranty Corporation of Ne: 148 mo reserves · +91% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Life and Health Insurance Company Guaranty Corporation of Ne: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Life and Health Insurance Company Guaranty Corporation of Ne: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The purpose of the corporation is to provide new york state residents with protection from failure in the performance of contractual obligations due to the impairment or insolvency of life and health insurance companies authorized to do business in new york state.
What they do
From 2012 through 2015, collected and provided over $500 million in benefit support payments on behalf of the policyholders of executive life insurance company of new york.
From 1995 to 1999, provided nearly $100 million of claims and liquidity support to mutual benefit life assurance company
Contact & location
- Address
- 14106 71st Ave, Kew Garden Hl, NY, 11367
- City
- Kew Garden Hl
- State
- New York
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $393.6M (FY2013) to $28.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $31.5M
Operating margin
90.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$31.5M
Total liabilities
$0
Net assets
$31.5M
Salaries & benefits
$0
0% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $28,094,451▲3032% | $2,562,983▲466% | $31,531,514▲426% | $31,531,514▲426% | 990 |
| 2023 | $897,134▲230% | $452,910▲80.4% | $6,000,046▲8.0% | $6,000,046▲8.0% | 990 |
| 2022 | $271,743▲40.8% | $251,057▲10.1% | $5,555,822▲0.4% | $5,555,822▲0.4% | 990 |
| 2021 | $192,989▼21.1% | $228,080▼4.3% | $5,535,136▼0.6% | $5,535,136▼0.6% | 990 |
| 2020 | $244,485▼20.6% | $238,239▲4.7% | $5,570,227▲0.1% | $5,570,227▲0.1% | 990 |
| 2019 | $307,890▲17.7% | $227,567▲2.0% | $5,563,981▲1.5% | $5,563,981▲1.5% | 990 |
| 2018 | $261,578▲7.8% | $223,154▼4.4% | $5,483,658▲0.7% | $5,483,658▲0.7% | 990 |
| 2017 | $242,704▲15.9% | $233,397▲2.4% | $5,445,234▲0.2% | $5,445,234▲0.2% | 990 |
| 2016 | $209,468▼8.0% | $227,916▼8.2% | $5,435,927▼0.3% | $5,435,927▼0.3% | 990 |
| 2015 | $227,756▼99.8% | $248,313▼99.8% | $5,454,375▼0.4% | $5,454,375▼0.4% | 990 |
| 2014 | $109,169,527▼72.3% | $113,717,934▼70.7% | $5,474,932▼45.4% | $5,474,932▼45.4% | 990 |
| 2013 | $393,594,308 | $387,573,492▲71701% | $10,023,339▲1197% | $10,023,339▲1197% | 990 |
| 2010 | — | $539,792 | $772,589 | $772,589 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adrienne Harris | Chairman, Ex Officio | 0.1 | — |
| Alison Kelly | Treasurer and Director | 2 | — |
| David Sloane | Director | 0.1 | — |
| Debra M Lightner | Director | 0.1 | — |
| Ellie Nieves | Director | 0.1 | — |
| James Donellan | Vice-chairman and Director | 2 | — |
| Jessica Cox | Director | 0.1 | — |
| John Cerrone | Director | 0.1 | — |
| Kenneth M Ross | Secretary and Director | 2 | — |
| Kevin M Ericson | Director | 0.1 | — |
| Richard Bowman | Director | 0.1 | — |
| Ronald Ragin | Director | 0.1 | — |
| Rosa Iturbides | Director | 0.1 | — |
| Ted Kennedy | Director | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Alan Shortell | Administrative | $190,180 |
Frequently asked questions
- Is The Life and Health Insurance Company Guaranty Corporation of Ne a legitimate nonprofit?
- Yes. The Life and Health Insurance Company Guaranty Corporation of Ne is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 13-3528849, based in Kew Garden Hl, New York.
- What is The Life and Health Insurance Company Guaranty Corporation of Ne's EIN?
- The Life and Health Insurance Company Guaranty Corporation of Ne's Employer Identification Number (EIN) is 13-3528849.
- How much revenue does The Life and Health Insurance Company Guaranty Corporation of Ne report?
- The Life and Health Insurance Company Guaranty Corporation of Ne reported $28,094,451 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does The Life and Health Insurance Company Guaranty Corporation of Ne's highest-paid employee make?
- The highest reported compensation on The Life and Health Insurance Company Guaranty Corporation of Ne's latest Form 990 is $0, paid to Adrienne Harris (Chairman, Ex Officio).
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Data for The Life and Health Insurance Company Guaranty Corporation of Ne (EIN 13-3528849) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.