Bell Atlantic Retiree Life Insurance Plan Trust
Bell Atlantic Retiree Life Insurance Plan Trust experiences significant asset depletion as expenses consistently outpace revenue.
EIN: 133718642 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $265.2M |
| Total Expenses | $524.7M |
| Program Spending | 100% |
| Net Assets | $194.0M |
| Transparency Score | 70/100 |
Is Bell Atlantic Retiree Life Insurance Plan Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bell Atlantic Retiree Life Insurance Plan Trust directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bell Atlantic Retiree Life Insurance Plan Trust
Bell Atlantic Retiree Life Insurance Plan Trust (EIN: 133718642) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $265.2M and total assets of $194.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bell Atlantic Retiree Life Insurance Plan Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bell Atlantic Retiree Life Insurance Plan Trust is a major nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2010–2018). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $265.2M |
| Total Expenses | $524.7M |
| Surplus / Deficit | $-259,443,000 |
| Total Assets | $194.0M |
| Net Assets | $194.0M |
| Operating Margin | -97.8% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2018, Bell Atlantic Retiree Life Insurance Plan Trust reported a deficit of $259.4M with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2010–2018), Bell Atlantic Retiree Life Insurance Plan Trust's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +670.5% | +89.2% | -61.6% |
| 2017 | -2.1% | -5.5% | -30.9% |
| 2016 | -71.1% | +60.6% | -25.1% |
| 2015 | +1.1% | +3476.6% | -14.6% |
| 2014 | -3.7% | -87.9% | -36.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Bell Atlantic Retiree Life Insurance Plan Trust with a Mission Score of 70 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Bell Atlantic Retiree Life Insurance Plan Trust allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $259.4M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are compensated directly by this specific trust, which is a positive for cost efficiency.
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 Bell Atlantic Retiree Life Insurance Plan Trust's IRS 990 filings:
- Consistent net deficits where expenses significantly exceed revenue, leading to rapid asset depletion (e.g., 2018: Revenue $265M, Expenses $524M).
- Significant and continuous decline in total assets over the past several years, from over $1.8 billion in 2013 to $193 million in 2018.
Strengths
The following positive indicators were identified for Bell Atlantic Retiree Life Insurance Plan Trust:
- Zero reported officer compensation across all filings, indicating efficient management of administrative costs within the trust's specific structure.
- No reported liabilities in the most recent filing (2018), suggesting a clean financial position regarding outstanding debts.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Bell Atlantic Retiree Life Insurance Plan Trust
Is Bell Atlantic Retiree Life Insurance Plan Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Bell Atlantic Retiree Life Insurance Plan Trust (EIN: 133718642) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Bell Atlantic Retiree Life Insurance Plan Trust spend its money?
Bell Atlantic Retiree Life Insurance Plan Trust directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bell Atlantic Retiree Life Insurance Plan Trust tax-deductible?
Bell Atlantic Retiree Life Insurance Plan Trust is registered as a tax-exempt nonprofit (EIN: 133718642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bell Atlantic Retiree Life Insurance Plan Trust located?
Bell Atlantic Retiree Life Insurance Plan Trust is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 133718642.
How many years of IRS 990 filings does Bell Atlantic Retiree Life Insurance Plan Trust have?
Bell Atlantic Retiree Life Insurance Plan Trust has 9 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 $265.2M in total revenue.
Is Bell Atlantic Retiree Life Insurance Plan Trust a good charity?
The Bell Atlantic Retiree Life Insurance Plan Trust is not a traditional charity but rather a trust established to manage and disburse life insurance benefits to retirees. Its 'goodness' should be evaluated based on its effectiveness in fulfilling its fiduciary duties to beneficiaries, rather than typical charitable impact metrics. The consistent zero officer compensation and lack of liabilities in the latest filing are positive indicators of its operational integrity.
Why are expenses so much higher than revenue in some years?
For a trust like this, expenses primarily represent the disbursement of life insurance benefits to retirees. The revenue often comes from investment returns or contributions, and it's common for trusts to draw down principal (assets) to cover benefit payments, especially as the beneficiary pool ages or as per the trust's design. For example, in 2018, expenses were $524,676,622 while revenue was $265,233,622, indicating a significant draw from assets.
What caused the significant decrease in assets from 2013 to 2018?
The substantial decrease in assets from $1,809,151,483 in 2013 to $193,988,517 in 2018 is likely due to the ongoing disbursement of life insurance benefits to retirees, which are recorded as expenses. The trust appears to be in a phase of liquidating its assets to meet its long-term obligations, as evidenced by expenses frequently exceeding revenue.
Filing History
IRS 990 filing history for Bell Atlantic Retiree Life Insurance Plan Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), Bell Atlantic Retiree Life Insurance Plan Trust's revenue has grown by 212.6%, moving from $84.8M to $265.2M. Total assets decreased by 86% over the same period, from $1.4B to $194.0M. Total functional expenses rose by 1265.7%, from $38.4M to $524.7M. In its most recent filing year (2018), Bell Atlantic Retiree Life Insurance Plan Trust reported a deficit of $259.4M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $265.2M | $524.7M | $194.0M | $0 | — | View 990 |
| 2017 | $34.4M | $277.4M | $505.5M | $38.3M | — | View 990 |
| 2016 | $35.1M | $293.4M | $732.0M | $29.4M | — | View 990 |
| 2015 | $121.6M | $182.8M | $977.7M | $0 | — | View 990 |
| 2014 | $120.3M | $5.1M | $1.1B | $3 | — | View 990 |
| 2013 | $124.9M | $42.1M | $1.8B | $0 | — | View 990 |
| 2012 | $105.3M | $41.5M | $1.5B | $0 | — | View 990 |
| 2011 | $153.7M | $97.3M | $1.4B | $0 | — | View 990 |
| 2010 | $84.8M | $38.4M | $1.4B | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $265.2M, expenses of $524.7M, and assets of $194.0M (revenue +670.5% year-over-year).
- 2017: Revenue of $34.4M, expenses of $277.4M, and assets of $505.5M (revenue -2.1% year-over-year).
- 2016: Revenue of $35.1M, expenses of $293.4M, and assets of $732.0M (revenue -71.1% year-over-year).
- 2015: Revenue of $121.6M, expenses of $182.8M, and assets of $977.7M (revenue +1.1% year-over-year).
- 2014: Revenue of $120.3M, expenses of $5.1M, and assets of $1.1B (revenue -3.7% year-over-year).
- 2013: Revenue of $124.9M, expenses of $42.1M, and assets of $1.8B (revenue +18.6% year-over-year).
- 2012: Revenue of $105.3M, expenses of $41.5M, and assets of $1.5B (revenue -31.5% year-over-year).
- 2011: Revenue of $153.7M, expenses of $97.3M, and assets of $1.4B (revenue +81.2% year-over-year).
- 2010: Revenue of $84.8M, expenses of $38.4M, and assets of $1.4B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bell Atlantic Retiree Life Insurance Plan Trust:
Data Sources and Methodology
This transparency report for Bell Atlantic Retiree Life Insurance Plan Trust 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.