NonprofitsThe Life And Health Insurance Company Guaranty Corporation Of Ne

The Life And Health Insurance Company Guaranty Corporation Of Ne

KEW GARDEN HL, NY

Total revenue

$28.1M

Total expenses

$2.6M

Net assets

$31.5M

Grants received

EIN

133528849

Tax year

2024

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.

Programs

2 programs

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

Financials

FY 2024

Revenue

Contributions & grants$3.1M
Program service revenue$24.6M
Investment income$339K
Other revenue
Total revenue$28.1M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$689K
Total expenses$2.6M
Total assets$31.5M
Net assets$31.5M

People

14 listed

NameRoleCompensation

Richard Bowman

Director

Board

0.1 hrs/wk

John Cerrone

Director

Board

0.1 hrs/wk

Jessica Cox

Director

Board

0.1 hrs/wk

James Donellan

Vice-Chairman and Director

Board

2 hrs/wk

Kevin M Ericson

Director

Board

0.1 hrs/wk

Rosa Iturbides

Director

Board

0.1 hrs/wk

Alison Kelly

Treasurer and Director

Board

2 hrs/wk

Ted Kennedy

Director

Board

0.1 hrs/wk

Debra M Lightner

Director

Board

0.1 hrs/wk

Ellie Nieves

Director

Board

0.1 hrs/wk

Kenneth M Ross

Secretary and Director

Board

2 hrs/wk

Ronald Ragin

Director

Board

0.1 hrs/wk

David Sloane

Director

Board

0.1 hrs/wk

Adrienne Harris

Chairman, Ex Officio

Board

0.1 hrs/wk

Independent contractors

Alan Shortell

Administrative

$190K

Details

EIN133528849
Subsection06
Ruling date0000-00
Formed1985
Employees0
Volunteers0
THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE — Mission, Financials & Grants Received | Grantivo