Roche Retiree Welfare Benefits Trust
Roche Retiree Trust: Stable Assets, High Expenses, and Unclear Mission
EIN: 223078723 · Little Falls, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $62.1M |
| Total Expenses | $56.5M |
| CEO/Top Officer Pay | $0 |
| Net Assets | $356.5M |
| Transparency Score | 20/100 |
Is Roche Retiree Welfare Benefits Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Roche Retiree Welfare Benefits Trust
Roche Retiree Welfare Benefits Trust (EIN: 223078723) is a nonprofit organization based in Little Falls, NJ. The organization reported total revenue of $62.1M and total assets of $381.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roche Retiree Welfare Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roche Retiree Welfare Benefits Trust is a major nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64.3M |
| Total Expenses | $56.5M |
| Surplus / Deficit | +$7.8M |
| Total Assets | $356.5M |
| Net Assets | $356.5M |
| Operating Margin | 12.1% |
| Months of Reserves | 75.6 months |
Financial Health Grade: A
In 2023, Roche Retiree Welfare Benefits Trust reported a surplus of $7.8M with revenue exceeding expenses, holds 75.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Roche Retiree Welfare Benefits Trust's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.8% | +4.4% | +17.2% |
| 2022 | +149.6% | -4.4% | -19.5% |
| 2021 | +29.3% | -11.8% | +1.4% |
| 2020 | -32.7% | +26.5% | +2.6% |
| 2019 | -47.7% | -11.8% | +18.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Roche Retiree Welfare Benefits Trust with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Roche Retiree Welfare Benefits Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.8M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an entity managing assets of this magnitude ($356,477,519 in 2023) and suggests that compensation may be embedded within other expense categories or handled 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 Roche Retiree Welfare Benefits Trust's IRS 990 filings:
- Consistent reporting of $0 for compensation despite significant asset management and expenses, raising questions about how administrative functions are compensated.
- Lack of detailed breakdown for 'other expenses' which consistently exceed $50 million annually, making it difficult to assess the efficiency and appropriateness of spending.
- The trust's mission is broadly defined, and there's no clear indication of specific programs or direct benefits provided beyond the general 'retiree welfare benefits' purpose.
- Despite substantial assets, the trust consistently reports net losses (e.g., $56,549,501 in expenses vs. $64,317,927 in revenue in 2023, but expenses often exceed revenue in other years like 2021 and 2020), indicating that it is primarily a pass-through or expense-heavy entity rather than one generating significant net income for its stated purpose.
Strengths
The following positive indicators were identified for Roche Retiree Welfare Benefits Trust:
- Maintains a substantial asset base (over $300 million consistently), suggesting financial stability.
- No reported lobbying expenses, indicating a focus away from political influence.
- Consistent financial reporting over several years, providing a historical view of its operations.
Frequently Asked Questions about Roche Retiree Welfare Benefits Trust
Is Roche Retiree Welfare Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Roche Retiree Welfare Benefits Trust (EIN: 223078723) significant concerns. Mission Score: 20/100. 4 red flags identified, 3 strengths noted.
How does Roche Retiree Welfare Benefits Trust spend its money?
Detailed spending breakdown data is not yet available for Roche Retiree Welfare Benefits Trust. Check back for updated IRS 990 analysis.
Are donations to Roche Retiree Welfare Benefits Trust tax-deductible?
Roche Retiree Welfare Benefits Trust is registered as a tax-exempt nonprofit (EIN: 223078723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Roche Retiree Welfare Benefits Trust CEO make?
Roche Retiree Welfare Benefits Trust's highest-compensated officer earns $0 annually. The organization reported $62.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Roche Retiree Welfare Benefits Trust located?
Roche Retiree Welfare Benefits Trust is headquartered in Little Falls, New Jersey and files with the IRS under EIN 223078723.
How many years of IRS 990 filings does Roche Retiree Welfare Benefits Trust have?
Roche Retiree Welfare Benefits Trust 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 $62.1M in total revenue.
What does Roche Retiree Welfare Benefits Trust do?
Roche Retiree Welfare Benefits Trust is a nonprofit organization in the Unknown sector, located in Little Falls, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Roche Retiree Welfare Benefits Trust have?
Roche Retiree Welfare Benefits Trust reported total revenue of $62,130,036. Based on 13 IRS 990 filings on record.
What are Roche Retiree Welfare Benefits Trust's total assets?
Roche Retiree Welfare Benefits Trust holds total assets of $381,508,721 as reported in IRS 990 filings.
Where is Roche Retiree Welfare Benefits Trust located?
Roche Retiree Welfare Benefits Trust is based in Little Falls, New Jersey.
What is Roche Retiree Welfare Benefits Trust's EIN?
Roche Retiree Welfare Benefits Trust's Employer Identification Number (EIN) is 223078723. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Roche Retiree Welfare Benefits Trust?
Roche Retiree Welfare Benefits Trust is classified under NTEE code Unknown (Unknown).
Is Roche Retiree Welfare Benefits Trust a registered 501(c)(3)?
Roche Retiree Welfare Benefits Trust appears in IRS records (EIN: 223078723). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Roche Retiree Welfare Benefits Trust file IRS Form 990?
Yes, Roche Retiree Welfare Benefits Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Roche Retiree Welfare Benefits Trust's revenue in 2023?
In the 202312 filing period, Roche Retiree Welfare Benefits Trust reported total revenue of $64,317,927, total expenses of $56,549,501, and net assets of $356,477,519.
Is Roche Retiree Welfare Benefits Trust's revenue growing or declining?
Roche Retiree Welfare Benefits Trust's revenue is declining. Revenue went from $71,296,992 (202212) to $64,317,927 (202312), a -9.8% change. Based on 13 filings on record.
What is Roche Retiree Welfare Benefits Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Roche Retiree Welfare Benefits Trust covers tax period 202312. It shows revenue of $64,317,927, expenses of $56,549,501, total assets of $356,477,519, and liabilities of N/A.
Is Roche Retiree Welfare Benefits Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Roche Retiree Welfare Benefits Trust has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 3 strengths noted.
What are the red flags for Roche Retiree Welfare Benefits Trust?
The following concerns were identified: Consistent reporting of $0 for compensation despite significant asset management and expenses, raising questions about how administrative functions are compensated.. Lack of detailed breakdown for 'other expenses' which consistently exceed $50 million annually, making it difficult to assess the efficiency and appropriateness of spending.. The trust's mission is broadly defined, and there's no clear indication of specific programs or direct benefits provided beyond the general 'retiree welfare benefits' purpose.. Despite substantial assets, the trust consistently reports net losses (e.g., $56,549,501 in expenses vs. $64,317,927 in revenue in 2023, but expenses often exceed revenue in other years like 2021 and 2020), indicating that it is primarily a pass-through or expense-heavy entity rather than one generating significant net income for its stated purpose.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Roche Retiree Welfare Benefits Trust's strengths?
Positive indicators for Roche Retiree Welfare Benefits Trust include: Maintains a substantial asset base (over $300 million consistently), suggesting financial stability.. No reported lobbying expenses, indicating a focus away from political influence.. Consistent financial reporting over several years, providing a historical view of its operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Roche Retiree Welfare Benefits Trust compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an entity managing assets of this magnitude ($356,477,519 in 2023) and suggests that compensation may be embedded within other expense categories or handled by an external entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for compensation and the large 'other expenses,' how are the administrative and management functions of the trust actually funded and compensated?
The data suggests that compensation for managing the trust's substantial assets and operations is either absorbed by a parent entity (Roche) or embedded within the 'other expenses' category, which consistently exceeds $50 million annually, rather than being reported as direct executive compensation.
What specific 'retiree welfare benefits' are being provided by the trust, and how are these benefits distributed or accessed by beneficiaries, given the lack of program spending details?
The provided data does not detail specific programs or direct benefit distributions. The trust appears to function more as a fund manager for a broader welfare scheme, with its 'expenses' likely representing payouts or transfers to another entity responsible for direct benefit provision, rather than direct program spending by the trust itself.
Filing History
IRS 990 filing history for Roche Retiree Welfare Benefits Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Roche Retiree Welfare Benefits Trust's revenue has grown by 734%, moving from $7.7M to $64.3M. Total assets increased by 3.7% over the same period, from $343.7M to $356.5M. Total functional expenses rose by 10.2%, from $51.3M to $56.5M. In its most recent filing year (2023), Roche Retiree Welfare Benefits Trust reported a surplus of $7.8M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64.3M | $56.5M | $356.5M | $0 | — | — |
| 2022 | $71.3M | $54.1M | $304.1M | $0 | — | — |
| 2021 | $28.6M | $56.6M | $377.7M | $0 | — | View 990 |
| 2020 | $22.1M | $64.2M | $372.4M | $0 | — | — |
| 2019 | $32.8M | $50.8M | $363.0M | $0 | — | View 990 |
| 2018 | $62.8M | $57.5M | $306.9M | $0 | — | View 990 |
| 2017 | $21.5M | $55.8M | $322.8M | $0 | — | View 990 |
| 2016 | $22.6M | $52.6M | $307.6M | $0 | — | View 990 |
| 2015 | $21.8M | $58.3M | $311.3M | $0 | — | View 990 |
| 2014 | $12.1M | $51.2M | $352.5M | $0 | — | View 990 |
| 2013 | $17.1M | $52.8M | $350.1M | $0 | — | View 990 |
| 2012 | $6.5M | $44.9M | $351.6M | $0 | — | View 990 |
| 2011 | $7.7M | $51.3M | $343.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64.3M, expenses of $56.5M, and assets of $356.5M (revenue -9.8% year-over-year).
- 2022: Revenue of $71.3M, expenses of $54.1M, and assets of $304.1M (revenue +149.6% year-over-year).
- 2021: Revenue of $28.6M, expenses of $56.6M, and assets of $377.7M (revenue +29.3% year-over-year).
- 2020: Revenue of $22.1M, expenses of $64.2M, and assets of $372.4M (revenue -32.7% year-over-year).
- 2019: Revenue of $32.8M, expenses of $50.8M, and assets of $363.0M (revenue -47.7% year-over-year).
- 2018: Revenue of $62.8M, expenses of $57.5M, and assets of $306.9M (revenue +192.8% year-over-year).
- 2017: Revenue of $21.5M, expenses of $55.8M, and assets of $322.8M (revenue -4.9% year-over-year).
- 2016: Revenue of $22.6M, expenses of $52.6M, and assets of $307.6M (revenue +3.4% year-over-year).
- 2015: Revenue of $21.8M, expenses of $58.3M, and assets of $311.3M (revenue +80.5% year-over-year).
- 2014: Revenue of $12.1M, expenses of $51.2M, and assets of $352.5M (revenue -29.3% year-over-year).
- 2013: Revenue of $17.1M, expenses of $52.8M, and assets of $350.1M (revenue +161.7% year-over-year).
- 2012: Revenue of $6.5M, expenses of $44.9M, and assets of $351.6M (revenue -15.3% year-over-year).
- 2011: Revenue of $7.7M, expenses of $51.3M, and assets of $343.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roche Retiree Welfare Benefits Trust:
Data Sources and Methodology
This transparency report for Roche Retiree Welfare Benefits 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.