AGERE SYSTEMS INC POST RETIREMENT Life Insurance Benefit Trust (EIN 066528674) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

STEVEN BROWN

Phone

4084338000

Tax Period

2024-01-01 to 2024-12-31

AGERE SYSTEMS INC POST RETIREMENT Life Insurance Benefit Trust, founded in 2002, is a small nonprofit in the Mutual Benefit sector that reported $586K in total revenue in fiscal year 2024. Revenue surged 999% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 473% operating deficit.

Mission

TO PROVIDE LIFE INSURANCE BENEFITS TO ELIGIBLE RETIRED EMPLOYEES OF AGERE SYSTEMS LLC

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $586,233

Other Revenue $0

TOTAL REVENUE $586,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,358,916

Other Expenses $2,367,926

TOTAL EXPENSES $3,358,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,233	$53,342	+10.0%
Expenses	$3,358,916	$3,238,149	+0.0%
Net Income	$-2,772,683	$-3,184,807	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INSTITUTIONAL TRUSTEE	0.00		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$586,233	$3,358,916	$72,635,676	$-2,772,683
2023	$53,342	$3,238,149	$72,375,434	$-3,184,807
2022	$526,651	$-1,960,120	$70,907,482	$2,486,771
2021	$938,720	$2,610,540	$84,328,865	$-1,671,820
2020	$1,084,429	$2,950,119	$88,994,875	$-1,865,690
2020	$1,084,429	$2,950,119	$88,994,875	$-1,865,690
2019	$1,272,972	$2,850,126	$84,683,713	$-1,577,154
2019	$1,272,972	$2,850,126	$84,683,713	$-1,577,154
2018	$18,098,255	$1,435,026	$82,974,510	$16,663,229

AGERE SYSTEMS INC POST RETIREMENT Life Insurance Benefit Trust