Nonprofit · EIN 13-3528849
THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE
Tax-exempt · FREEHOLD, NJ 07728
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,324,749 | $4,937,322 | -$612,573 | $30,918,941 | $0 | $30,918,941 |
| December 31, 2024 | 990 | $28,094,451 | $2,562,983 | $25,531,468 | $31,531,514 | $0 | $31,531,514 |
| December 31, 2023 | 990 | $897,134 | $452,910 | $444,224 | $6,000,046 | $0 | $6,000,046 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $300,487
- Program service revenue
- $2,812,512
- Investment income
- $1,211,750
- Tax-exempt bond proceeds
- $1,211,750
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,772,055
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $24,294
- Accounting fees
- $31,375
Balance sheet and other
- Total assets, start of year
- $31,531,514
- Total assets, end of year
- $30,918,941
- Total liabilities, end of year
- $0
- Net assets, end of year
- $30,918,941
- Gross receipts
- $4,324,749
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1985
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Bowman New York Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| John Cerrone Nationwide Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| Jessica Cox Highmark Western and Northeastern New York | Director Trustee or director | 0.1 | $0 |
| James Donellan | Vice-Chairman and Director Trustee or director, Officer | 2 | $0 |
| Kevin M Ericson UnitedHealthcare Insurance Company | Director Trustee or director | 0.1 | $0 |
| David Ward Equitable Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| Alison Kelly Mutual of America Life Insurance Company | Treasurer and Director Trustee or director, Officer | 2 | $0 |
| Ted Kennedy United States Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| Debra M Lightner EmblemHealth | Director Trustee or director | 0.1 | $0 |
| Ellie Nieves Guardian Life Insurance Company of America | Director Trustee or director | 0.1 | $0 |
| Kenneth M Ross John Hancock Life Insurance Company of NY | Secretary and Director Trustee or director, Officer | 2 | $0 |
| Ronald Ragin TIAA | Director Trustee or director | 0.1 | $0 |
| David Sloane Genworth Life Insurance Company of New York | Director Trustee or director | 0.1 | $0 |
| Kaitlin Asrow | Chairman, Ex Officio Officer | 0.1 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Bowman New York Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| John Cerrone Nationwide Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| Jessica Cox Highmark Western and Northeastern New York | Director Trustee or director | 0.1 | $0 |
| James Donellan | Vice-Chairman and Director Trustee or director, Officer | 2 | $0 |
| Kevin M Ericson UnitedHealthcare Insurance Company | Director Trustee or director | 0.1 | $0 |
| Rosa Iturbides Equitable Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| Alison Kelly Mutual of America Life Insurance Company | Treasurer and Director Trustee or director, Officer | 2 | $0 |
| Ted Kennedy Corebridge Financial | Director Trustee or director | 0.1 | $0 |
| Debra M Lightner EmblemHealth | Director Trustee or director | 0.1 | $0 |
| Ellie Nieves Guardian Life Insurance Company of America | Director Trustee or director | 0.1 | $0 |
| Kenneth M Ross John Hancock Life Insurance Company of NY | Secretary and Director Trustee or director, Officer | 2 | $0 |
| Ronald Ragin TIAA | Director Trustee or director | 0.1 | $0 |
| David Sloane Genworth Life Insurance Company of New York | Director Trustee or director | 0.1 | $0 |
| Adrienne Harris | Chairman, Ex Officio Officer | 0.1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Bowman New York Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| John Cerrone Nationwide Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| James Donellan | Vice-Chairman and Director Trustee or director, Officer | 2 | $0 |
| Michael J Edbauer Highmark Western and Northeastern New York | Director Trustee or director | 0.1 | $0 |
| Kevin M Ericson UnitedHealthcare Insurance Company | Director Trustee or director | 0.1 | $0 |
| Rosa Iturbides Equitable Life Insurance Company | Director Trustee or director | 0.1 | $0 |
| Alison Kelly Mutual of America Life Insurance Company | Treasurer and Director Trustee or director, Officer | 2 | $0 |
| Ted Kennedy Corebridge Financial | Director Trustee or director | 0.1 | $0 |
| Debra M Lightner EmblemHealth | Director Trustee or director | 0.1 | $0 |
| Ellie Nieves Guardian Life Insurance Company of America | Director Trustee or director | 0.1 | $0 |
| Kenneth M Ross John Hancock Life Insurance Company of NY | Secretary and Director Trustee or director, Officer | 2 | $0 |
| Ronald Ragin TIAA | Director Trustee or director | 0.1 | $0 |
| David Sloane Genworth Life Insurance Company of New York | Director Trustee or director | 0.1 | $0 |
| Adrienne Harris | Chairman, Ex Officio Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 20 IROQUOIS DR, FREEHOLD, NJ 07728-7877
- In care of
- % MYRON SCHLANGER
- Principal officer (990 for 2025)
- James F Donnellan, Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166
- Signed the 990
- Maria Mager, Consultant
- Phone
- (848) 702-4677
- Website
- www.nylifega.org
Mission
To provide New York State residents with protection from failure in the performance of certain contractual obligations due to the impairment or insolvency of life and heath insurance companies authorized to do business in New York State.
Program accomplishments
- The Corporation assumed the ownership of all long-term care insurance contracts issued by American Independent Network Insurance Company of New York ("AINIC") upon its dissolution. At December 31, 2025, the Corporation was responsible for approximately $36 million of potential benefits payable under the AINIC contracts. To cover the initial cost of these obligations, the Corporation assessed its member companies a total of $25 million, of which $24.1 million was collected in 2024 and $884 thousand was collected in 2025.Expenses $4,937,322 · revenue $1,932,312
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3528849
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,918,941
- Income (IRS master file)
- $4,324,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,324,749 | $4,937,322 | $30,918,941 | XML |
| 990 | December 2024 | $28,094,451 | $2,562,983 | $31,531,514 | XML |
| 990 | December 2023 | $897,134 | $452,910 | $6,000,046 | XML |
| 990 | December 2022 | $271,743 | $251,057 | $5,555,822 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3528849).
Questions about THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE
- What is the EIN of THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE?
- The employer identification number (EIN) of THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE is 13-3528849.
- Is THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6).
- Which annual return does THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE?
- The 990 for the year ended December 31, 2025 names James F Donnellan.
- Who are the officers and directors of THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,324,749, expenses of $4,937,322 and total assets of $30,918,941 at year end.
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