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
$3.6MGross Revenue
$172.3MAssets
85/100Mission Score (Excellent)
Y44

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Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees Financial Summary
MetricValue
Total Revenue$54.3M
Total Expenses$6.5M
Program Spending95%
CEO/Top Officer Pay$189,575,614
Net Assets$189.5M
Transparency Score85/100

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Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $2.9M and expenses of $6.5M.

Revenue and Expenses

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees reported $2.9M in revenue and $6.5M in expenses, a deficit of $3.5M.

Executive Compensation

Top officer compensation appears as $189,575,614 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.

Is Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
95%Program Expense
$0Grants Paid
13Stored Filing Years

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Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees Expense Deployment
Program services$6.1M (95%)

Across stored filings, Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend95% to programsExcellent
Financial durabilityGrade B13 stored filing years
Peer contextCompare with Dance For The Cure IncNew Jersey and Category Y context

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Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

19Years Operating
MajorSize Classification
13Years of Filings
MixedRevenue Trajectory

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$2.9M
Total Expenses$6.5M
Surplus / Deficit$-3,549,361
Total Assets$189.6M
Total Liabilities$81K
Net Assets$189.5M
Operating Margin-122.1%
Debt-to-Asset Ratio0.0%
Months of Reserves352.4 months

Financial Health Grade: B

In 2023, Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees reported a deficit of $3.5M with expenses exceeding revenue, holds 352.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees's revenue has declined at a compound annual growth rate (CAGR) of -20.0%.

YearRevenue ChangeExpense ChangeAsset Change
2023+950.0%+2033.0%+1.7%
2022-45.9%-0.9%-4.8%
2021-68.4%+1.3%+-0.0%
2020-38.3%-3.9%+4.2%
2019+54.8%-98.0%+4.8%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2007

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$2.9MTotal Revenue
$6.5MTotal Expenses
$189.6MTotal Assets
$81KTotal Liabilities
$189.5MNet Assets
  • The organization reported a deficit of $3.5M, with expenses exceeding revenue.
  • Debt-to-asset ratio: 0.0%.

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 legitimate charity?

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees (EIN: 206673883) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $54.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.

How does Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees spend its money?

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees tax-deductible?

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees is registered as a tax-exempt nonprofit (EIN: 206673883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees CEO make?

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees's highest-compensated officer earns $189,575,614 annually. The organization reported $54.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.

How does Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees is above average for NTEE category Y44 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees located?

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees is headquartered in Murray Hill, New Jersey and files with the IRS under EIN 206673883. It is classified under NTEE code Y44.

How many years of IRS 990 filings does Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees have?

Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees has 13 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 $54.3M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer 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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

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.

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