Prudential Retiree Health Benefits Tr
Prudential Retiree Health Benefits Tr maintains substantial assets with zero liabilities and no officer compensation.
EIN: 206075354 · Newark, NJ · NTEE: Y44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96.1M |
| Total Expenses | $139.6M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $966.2M |
| Transparency Score | 75/100 |
Is Prudential Retiree Health Benefits Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prudential Retiree Health Benefits Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prudential Retiree Health Benefits Tr
Prudential Retiree Health Benefits Tr (EIN: 206075354) is a nonprofit organization based in Newark, NJ, classified under NTEE code Y44. The organization reported total revenue of $96.1M and total assets of $975.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prudential Retiree Health Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prudential Retiree Health Benefits Tr is a major nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150.8M |
| Total Expenses | $139.6M |
| Surplus / Deficit | +$11.1M |
| Total Assets | $966.2M |
| Net Assets | $966.2M |
| Operating Margin | 7.4% |
| Months of Reserves | 83.1 months |
Financial Health Grade: A
In 2023, Prudential Retiree Health Benefits Tr reported a surplus of $11.1M with revenue exceeding expenses, holds 83.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Prudential Retiree Health Benefits Tr's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +122.1% | -63.4% | +1.2% |
| 2022 | -60.2% | +375.8% | -24.7% |
| 2021 | +11.1% | +121.0% | +7.7% |
| 2020 | -29.3% | +405.7% | +11.1% |
| 2019 | +257.4% | -82.6% | +24.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Prudential Retiree Health Benefits Tr with a Mission Score of 75 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Prudential Retiree Health Benefits Tr 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:
- The organization reported a surplus of $11.1M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the trust does not pay its officers, which is highly unusual for an organization of its size with nearly $1 billion in assets.
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 Prudential Retiree Health Benefits Tr's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses without clear explanation in summary data.
- Lack of detailed program service accomplishments in summary data for a trust of this size.
Strengths
The following positive indicators were identified for Prudential Retiree Health Benefits Tr:
- Consistently reports zero liabilities, indicating strong financial stability.
- Consistently reports zero officer compensation, suggesting very low executive overhead.
- Maintains substantial assets, with nearly $1 billion in the latest period, providing a strong financial base.
- High program spending ratio (estimated 95%) due to minimal administrative and fundraising costs.
Frequently Asked Questions about Prudential Retiree Health Benefits Tr
Is Prudential Retiree Health Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Prudential Retiree Health Benefits Tr (EIN: 206075354) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Prudential Retiree Health Benefits Tr spend its money?
Prudential Retiree Health Benefits Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prudential Retiree Health Benefits Tr tax-deductible?
Prudential Retiree Health Benefits Tr is registered as a tax-exempt nonprofit (EIN: 206075354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Prudential Retiree Health Benefits Tr CEO make?
Prudential Retiree Health Benefits Tr's highest-compensated officer earns $1 annually. The organization reported $96.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Prudential Retiree Health Benefits Tr compare to similar nonprofits?
With a transparency score of 75/100 (Good), Prudential Retiree Health Benefits Tr 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 Prudential Retiree Health Benefits Tr located?
Prudential Retiree Health Benefits Tr is headquartered in Newark, New Jersey and files with the IRS under EIN 206075354. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Prudential Retiree Health Benefits Tr have?
Prudential Retiree Health Benefits Tr has 14 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 $96.1M in total revenue.
What are the specific 'program service accomplishments' for a trust like Prudential Retireee Health Benefits Tr?
Given the nature of a trust, program service accomplishments likely involve the management and distribution of funds for retiree health benefits, rather than direct service provision. The 990 data alone doesn't detail the specific beneficiaries or the mechanism of benefit distribution.
How does the organization manage significant fluctuations in revenue and expenses year-over-year?
The large swings in revenue and expenses (e.g., $381M expenses in 2022 vs. $7M in 2019) suggest that the trust's financial activities are heavily influenced by investment gains/losses, market conditions, and the timing of distributions or benefit payments, which are typical for large trusts.
Who oversees the trust's operations if there is no officer compensation?
The absence of officer compensation suggests that the trust may be managed by an external entity (e.g., a corporate trustee) or by individuals compensated through other means not reported as officer compensation on the 990, or on a pro-bono basis. Further investigation into the trust's governance documents would be needed.
Filing History
IRS 990 filing history for Prudential Retiree Health Benefits Tr showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Prudential Retiree Health Benefits Tr's revenue has grown by 303.7%, moving from $37.3M to $150.8M. Total assets increased by 92.9% over the same period, from $501.0M to $966.2M. Total functional expenses rose by 273.9%, from $37.3M to $139.6M. In its most recent filing year (2023), Prudential Retiree Health Benefits Tr reported a surplus of $11.1M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150.8M | $139.6M | $966.2M | $0 | — | — |
| 2022 | $67.9M | $381.6M | $955.1M | $0 | — | View 990 |
| 2021 | $170.6M | $80.2M | $1.3B | $0 | — | View 990 |
| 2020 | $153.6M | $36.3M | $1.2B | $0 | — | View 990 |
| 2019 | $217.2M | $7.2M | $1.1B | $0 | — | — |
| 2018 | $60.8M | $41.4M | $851.1M | $0 | — | View 990 |
| 2017 | $51.2M | $119.0M | $919.7M | $0 | — | View 990 |
| 2016 | $65.4M | $62.8M | $866.6M | $0 | — | View 990 |
| 2015 | $43.4M | $736K | $851.0M | $0 | — | View 990 |
| 2014 | $37.2M | $722K | $826.4M | $0 | — | View 990 |
| 2013 | $41.2M | $9.9M | $730.1M | $0 | — | View 990 |
| 2012 | $45.7M | $59.9M | $546.4M | $0 | — | View 990 |
| 2011 | $46.0M | $31.8M | $498.9M | $0 | — | View 990 |
| 2010 | $37.3M | $37.3M | $501.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150.8M, expenses of $139.6M, and assets of $966.2M (revenue +122.1% year-over-year).
- 2022: Revenue of $67.9M, expenses of $381.6M, and assets of $955.1M (revenue -60.2% year-over-year).
- 2021: Revenue of $170.6M, expenses of $80.2M, and assets of $1.3B (revenue +11.1% year-over-year).
- 2020: Revenue of $153.6M, expenses of $36.3M, and assets of $1.2B (revenue -29.3% year-over-year).
- 2019: Revenue of $217.2M, expenses of $7.2M, and assets of $1.1B (revenue +257.4% year-over-year).
- 2018: Revenue of $60.8M, expenses of $41.4M, and assets of $851.1M (revenue +18.8% year-over-year).
- 2017: Revenue of $51.2M, expenses of $119.0M, and assets of $919.7M (revenue -21.8% year-over-year).
- 2016: Revenue of $65.4M, expenses of $62.8M, and assets of $866.6M (revenue +50.6% year-over-year).
- 2015: Revenue of $43.4M, expenses of $736K, and assets of $851.0M (revenue +16.8% year-over-year).
- 2014: Revenue of $37.2M, expenses of $722K, and assets of $826.4M (revenue -9.7% year-over-year).
- 2013: Revenue of $41.2M, expenses of $9.9M, and assets of $730.1M (revenue -9.8% year-over-year).
- 2012: Revenue of $45.7M, expenses of $59.9M, and assets of $546.4M (revenue -0.8% year-over-year).
- 2011: Revenue of $46.0M, expenses of $31.8M, and assets of $498.9M (revenue +23.3% year-over-year).
- 2010: Revenue of $37.3M, expenses of $37.3M, and assets of $501.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prudential Retiree Health Benefits Tr:
Data Sources and Methodology
This transparency report for Prudential Retiree Health Benefits Tr 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.