Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees

Lucent Supp Healthcare Benefits Trust consistently expends more than its annual revenue, drawing from a substantial asset base to provide retiree benefits.

EIN: 206673883 · Murray Hill, NJ · NTEE: Y44 · Updated: 2026-03-28

$54.3MRevenue

$172.3MAssets

85/100Mission Score (Excellent)

Y44

About Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees (EIN: 206673883) is a nonprofit organization based in Murray Hill, NJ, classified under NTEE code Y44. The organization reported total revenue of $54.3M and total assets of $172.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees exhibits a unique financial profile, primarily functioning as a trust to manage healthcare benefits for retirees. Its revenue and expense figures fluctuate significantly year-over-year, with expenses often exceeding revenue, indicating a draw-down from its substantial asset base to fulfill its purpose. For instance, in 2023, expenses were $6,455,773 against revenues of $2,906,412. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient administrative spending in that area and contributes positively to its transparency. Given its nature as a benefits trust, its financial health should be assessed not by traditional profitability but by its ability to meet its long-term obligations to beneficiaries, which its substantial assets of $189,575,614 in 2023 suggest it is well-positioned to do.

The organization's spending efficiency, particularly the absence of officer compensation, suggests that a very high proportion of its expenditures are directed towards its programmatic mission of providing healthcare benefits. While a detailed breakdown of program vs. administrative costs isn't explicitly provided in the summary data, the lack of executive pay implies a lean operational structure. Its transparency is bolstered by consistent annual filings and the clear reporting of zero officer compensation, which simplifies the analysis of its operational overhead. The significant asset base, despite fluctuating revenues and expenses, indicates a stable foundation for its long-term commitments.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its asset size ($189,575,614 in 2023) and suggests a very lean administrative structure or that management services are provided pro bono or by an external entity.

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 Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees's IRS 990 filings:

Consistent annual expenses exceeding revenue, indicating reliance on asset drawdowns (e.g., 2023: $6.4M expenses vs. $2.9M revenue).
Lack of detailed expense breakdown in provided data makes it difficult to precisely quantify program vs. administrative spending beyond officer compensation.

Strengths

The following positive indicators were identified for Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees:

Consistently reports 0% officer compensation, indicating highly efficient use of funds regarding executive pay.
Maintains a very strong asset base (e.g., $189,575,614 in 2023) providing long-term financial stability for its mission.
Clear focus on its programmatic mission as a healthcare benefits trust for retirees.

Frequently Asked Questions about Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees

Is Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees a good charity?

Given its purpose as a benefits trust and consistent 0% officer compensation, it appears to be highly efficient in directing resources to its beneficiaries. Its financial health is stable due to significant assets, despite annual revenue fluctuations.

Why do expenses often exceed revenue?

As a benefits trust, the organization likely draws from its substantial asset base to cover healthcare benefit payouts, which can exceed annual investment income or other revenues, as seen in 2023 where expenses were $6,455,773 against revenues of $2,906,412.

What is the source of its substantial assets?

The organization's assets, consistently over $170 million, likely originate from initial funding or endowments established to secure long-term healthcare benefits for retirees, rather than solely from annual operational revenue.

Filing History

IRS 990 filing history for Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees's revenue has declined by 93.1%, moving from $42.1M to $2.9M. Total assets increased by 46.7% over the same period, from $129.2M to $189.6M. Total functional expenses fell by 25.2%, from $8.6M to $6.5M. In its most recent filing year (2023), Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees reported a deficit of $3.5M, with expenses exceeding revenue. The organization holds $81K in liabilities against $189.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $189.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.9M	$6.5M	$189.6M	$81K	—	—
2022	$277K	$303K	$186.4M	$85K	—	—
2021	$512K	$306K	$195.9M	$85K	—	View 990
2020	$1.6M	$302K	$196.0M	$131K	—	—
2019	$2.6M	$314K	$188.1M	$84K	—	View 990
2018	$1.7M	$15.8M	$179.5M	$84K	—	View 990
2017	$1.2M	$18.1M	$193.1M	$276K	—	—
2016	$1.5M	$8.4M	$208.4M	$188K	—	View 990
2015	$1.4M	$27.3M	$213.0M	$109K	—	View 990
2014	$1.6M	$10.1M	$239.0M	$274K	—	View 990
2013	$1.2M	$50.0M	$245.7M	$193K	—	View 990
2012	$197.1M	$29.7M	$298.6M	$2.4M	—	View 990
2011	$42.1M	$8.6M	$129.2M	$99K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.9M, expenses of $6.5M, and assets of $189.6M (revenue +950.0% year-over-year).
2022: Revenue of $277K, expenses of $303K, and assets of $186.4M (revenue -45.9% year-over-year).
2021: Revenue of $512K, expenses of $306K, and assets of $195.9M (revenue -68.4% year-over-year).
2020: Revenue of $1.6M, expenses of $302K, and assets of $196.0M (revenue -38.3% year-over-year).
2019: Revenue of $2.6M, expenses of $314K, and assets of $188.1M (revenue +54.8% year-over-year).
2018: Revenue of $1.7M, expenses of $15.8M, and assets of $179.5M (revenue +37.3% year-over-year).
2017: Revenue of $1.2M, expenses of $18.1M, and assets of $193.1M (revenue -19.0% year-over-year).
2016: Revenue of $1.5M, expenses of $8.4M, and assets of $208.4M (revenue +12.8% year-over-year).
2015: Revenue of $1.4M, expenses of $27.3M, and assets of $213.0M (revenue -16.8% year-over-year).
2014: Revenue of $1.6M, expenses of $10.1M, and assets of $239.0M (revenue +35.2% year-over-year).
2013: Revenue of $1.2M, expenses of $50.0M, and assets of $245.7M (revenue -99.4% year-over-year).
2012: Revenue of $197.1M, expenses of $29.7M, and assets of $298.6M (revenue +368.6% year-over-year).
2011: Revenue of $42.1M, expenses of $8.6M, and assets of $129.2M.

Data Sources and Methodology

This transparency report for Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees 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.