LUCENT SUPPLEMENTAL HEALTHCARE BENEFITS PLAN FOR FORMERLY REPRESENTED RETIREES (EIN 206673883) - 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

2005

Legal Domicile

Principal Officer

ARTO SIRVIO

Phone

9085176606

Tax Period

2024-01-01 to 2024-12-31

LUCENT SUPPLEMENTAL HEALTHCARE BENEFITS PLAN FOR FORMERLY REPRESENTED RETIREES, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $25.5M exceeded revenue, resulting in a 615% operating deficit.

Mission

PROVIDE MEDICAL AND DENTAL BENEFITS.

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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 $3,562,263

Other Revenue $0

TOTAL REVENUE $3,562,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $299,199

TOTAL EXPENSES $25,479,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,562,263	$2,906,412	+0.2%
Expenses	$25,479,227	$6,455,773	+2.9%
Net Income	$-21,916,964	$-3,549,361	+5.2%

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

Independent Members

Employees

N/A

Volunteers

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

$453,747

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON SCOTT ZILLIG	TRUSTEE	1.00	Director	$0	$50,256	$260,802
BRIAN R SAWYER	TRUSTEE	1.00	Director	$0	$59,812	$192,945
SHANNON MATARAZZO	TRUSTEE (THRU 09/2024)	1.00	Director	$0	$0	$0
DREW OBREIN	TRUSTEE (THRU 09/2024)	1.00	Director	$0	$0	$0
JOSEPH ABRAMCZYK	TRUSTEE (THRU 09/2024)	1.00	Director	$0	$0	$0
ARTO SIRVIO	TRUSTEE (EFF 09/2024)	1.00	Director	$0	$0	$0
DIANA WU	TRUSTEE (EFF 09/2024)	1.00	Director	$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	$3,562,263	$25,479,227	$172,253,223	$-21,916,964
2023	$2,906,412	$6,455,773	$189,575,614	$-3,549,361
2022	$276,798	$302,664	$186,447,706	$-25,866
2021	$512,015	$305,508	$195,854,614	$206,507
2020	$1,619,132	$301,644	$195,952,481	$1,317,488
2019	$2,624,612	$313,844	$188,063,495	$2,310,768
2018	$1,695,901	$15,823,427	$179,451,076	$-14,127,526

LUCENT SUPPLEMENTAL HEALTHCARE BENEFITS PLAN FOR FORMERLY REPRESENTED RETIREES