Prudential Retiree Life Benefits Tr
Prudential Retiree Life Benefits Tr experiences volatile revenue and consistent expenses, with no reported liabilities or officer compensation.
EIN: 206075363 · Newark, NJ · NTEE: Y44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.0M |
| Total Expenses | $16.0M |
| Program Spending | 90% |
| Net Assets | $105.5M |
| Transparency Score | 70/100 |
Is Prudential Retiree Life 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 Life Benefits Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prudential Retiree Life Benefits Tr
Prudential Retiree Life Benefits Tr (EIN: 206075363) is a nonprofit organization based in Newark, NJ, classified under NTEE code Y44. The organization reported total revenue of $30.0M and total assets of $96.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prudential Retiree Life Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prudential Retiree Life Benefits Tr is a large 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 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $16.0M |
| Surplus / Deficit | $-10,505,591 |
| Total Assets | $105.5M |
| Net Assets | $105.5M |
| Operating Margin | -191.5% |
| Months of Reserves | 79.2 months |
Financial Health Grade: B
In 2023, Prudential Retiree Life Benefits Tr reported a deficit of $10.5M with expenses exceeding revenue, holds 79.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Prudential Retiree Life Benefits Tr's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -126.8% | +3.7% | -32.5% |
| 2021 | -35.1% | +12.1% | -6.2% |
| 2020 | +150.7% | +87.9% | +6.4% |
| 2019 | -71.7% | +58.4% | +14.9% |
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 Life Benefits Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Prudential Retiree Life Benefits Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $10.5M, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executives are directly compensated through the trust, which is highly unusual for a typical nonprofit and suggests administrative services may be provided by an external entity or parent organization.
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 Life Benefits Tr's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2022
- Expenses frequently exceed revenue, indicating reliance on prior assets or external funding
- Lack of detailed program spending breakdown typical of public charities
Strengths
The following positive indicators were identified for Prudential Retiree Life Benefits Tr:
- Consistent reporting of zero liabilities, indicating financial stability in terms of debt
- No reported officer compensation, suggesting low overhead in that specific area
- Clear focus on its NTEE-defined purpose (retiree benefits)
Frequently Asked Questions about Prudential Retiree Life Benefits Tr
Is Prudential Retiree Life Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Prudential Retiree Life Benefits Tr (EIN: 206075363) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Prudential Retiree Life Benefits Tr spend its money?
Prudential Retiree Life Benefits Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prudential Retiree Life Benefits Tr tax-deductible?
Prudential Retiree Life Benefits Tr is registered as a tax-exempt nonprofit (EIN: 206075363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Prudential Retiree Life Benefits Tr compare to similar nonprofits?
With a transparency score of 70/100 (Good), Prudential Retiree Life 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 Life Benefits Tr located?
Prudential Retiree Life Benefits Tr is headquartered in Newark, New Jersey and files with the IRS under EIN 206075363. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Prudential Retiree Life Benefits Tr have?
Prudential Retiree Life 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 $30.0M in total revenue.
What is the primary purpose of Prudential Retiree Life Benefits Tr?
Based on its NTEE code (Y44) and financial activity, the trust's primary purpose is likely to administer and manage life insurance benefits for retirees, rather than operating as a traditional public charity with broad programmatic goals.
Why does the organization report negative revenue in some years?
Negative revenue, such as the $-2,888,269 reported in 2022, could indicate investment losses, significant refunds, or adjustments in the valuation of assets or liabilities within the trust's specific accounting framework.
Who oversees the administration of this trust if no officer compensation is reported?
The absence of reported officer compensation suggests that administrative functions might be handled by a parent company (Prudential) or an external service provider, with their compensation not directly flowing through this specific trust's 990 filing.
Filing History
IRS 990 filing history for Prudential Retiree Life Benefits Tr showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Prudential Retiree Life Benefits Tr's revenue has grown by 32.5%, moving from $4.1M to $5.5M. Total assets increased by 3.4% over the same period, from $102.1M to $105.5M. Total functional expenses rose by 81.6%, from $8.8M to $16.0M. In its most recent filing year (2023), Prudential Retiree Life Benefits Tr reported a deficit of $10.5M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $16.0M | $105.5M | $0 | — | — |
| 2022 | $-2,888,269 | $14.3M | $110.4M | $0 | — | View 990 |
| 2021 | $10.8M | $13.8M | $163.5M | $0 | — | View 990 |
| 2020 | $16.6M | $12.3M | $174.4M | $0 | — | View 990 |
| 2019 | $6.6M | $6.5M | $163.9M | $0 | — | — |
| 2018 | $23.4M | $4.1M | $142.7M | $0 | — | View 990 |
| 2017 | $4.2M | $0 | $151.5M | $0 | — | View 990 |
| 2016 | $3.6M | $6.4M | $126.2M | $0 | — | View 990 |
| 2015 | $4.6M | $6.4M | $122.0M | $0 | — | View 990 |
| 2014 | $6.3M | $2.8M | $124.7M | $0 | — | View 990 |
| 2013 | $17.5M | $26.8M | $110.4M | $0 | — | View 990 |
| 2012 | $9.6M | $9.9M | $103.6M | $0 | — | View 990 |
| 2011 | $3.6M | $8.8M | $96.2M | $0 | — | View 990 |
| 2010 | $4.1M | $8.8M | $102.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $16.0M, and assets of $105.5M.
- 2022: Revenue of $-2,888,269, expenses of $14.3M, and assets of $110.4M (revenue -126.8% year-over-year).
- 2021: Revenue of $10.8M, expenses of $13.8M, and assets of $163.5M (revenue -35.1% year-over-year).
- 2020: Revenue of $16.6M, expenses of $12.3M, and assets of $174.4M (revenue +150.7% year-over-year).
- 2019: Revenue of $6.6M, expenses of $6.5M, and assets of $163.9M (revenue -71.7% year-over-year).
- 2018: Revenue of $23.4M, expenses of $4.1M, and assets of $142.7M (revenue +460.8% year-over-year).
- 2017: Revenue of $4.2M, expenses of $0, and assets of $151.5M (revenue +16.9% year-over-year).
- 2016: Revenue of $3.6M, expenses of $6.4M, and assets of $126.2M (revenue -21.6% year-over-year).
- 2015: Revenue of $4.6M, expenses of $6.4M, and assets of $122.0M (revenue -27.3% year-over-year).
- 2014: Revenue of $6.3M, expenses of $2.8M, and assets of $124.7M (revenue -64.2% year-over-year).
- 2013: Revenue of $17.5M, expenses of $26.8M, and assets of $110.4M (revenue +82.0% year-over-year).
- 2012: Revenue of $9.6M, expenses of $9.9M, and assets of $103.6M (revenue +169.6% year-over-year).
- 2011: Revenue of $3.6M, expenses of $8.8M, and assets of $96.2M (revenue -14.0% year-over-year).
- 2010: Revenue of $4.1M, expenses of $8.8M, and assets of $102.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prudential Retiree Life Benefits Tr:
Data Sources and Methodology
This transparency report for Prudential Retiree Life 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.