Cambridge, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Massachusetts Institute of Technology Welfare Benefit Plans Trust, founded in 1992, is a mid-sized nonprofit in the Mutual Benefit sector that reported $55.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $64.2M exceeded revenue, resulting in a 16% operating deficit.
TO PROVIDE HEALTH AND LIFE INSURANCE BENEFITS TO COVERED ELIGIBLE RETIREES OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND THEIR DEPENDENTS, AS WELL AS INDIVIDUALS RECEIVING LONG-TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS.
MEDICAL AND LIFE INSURANCE BENEFITS FOR ELIGIBLE RETIREES, ALONG WITH MEDICAL BENEFITS FOR THOSE RECEIVING LONG TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS, WERE PROVIDED TO APPROXIMATELY 7,446...
MEDICAL AND LIFE INSURANCE BENEFITS FOR ELIGIBLE RETIREES, ALONG WITH MEDICAL BENEFITS FOR THOSE RECEIVING LONG TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS, WERE PROVIDED TO APPROXIMATELY 7,446 INDIVIDUALS COVERED UNDER THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) WELFARE BENEFIT PLANS TRUST.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $55,434,000 | $66,489,000 | -0.2% |
| Expenses | $64,245,000 | $54,982,000 | +0.2% |
| Net Income | $-8,811,000 | $11,507,000 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Glen Shor | Trustee | 1.0 |
Director
|
$0 | $76,638 | $1,027,167 |
| Seth Alexander | Trustee | 1.0 |
Director
|
$0 | $617,315 | $4,462,390 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $55,434,000 | $64,245,000 | $1,155,540,000 | $-8,811,000 |
| 2024 | $66,489,000 | $54,982,000 | $1,010,214,000 | $11,507,000 |
| 2023 | $75,943,000 | $50,984,000 | $937,723,000 | $24,959,000 |
| 2022 | $184,682,000 | $42,698,000 | $957,104,000 | $141,984,000 |
| 2021 | $66,324,000 | $39,007,000 | $1,112,555,000 | $27,317,000 |
| 2020 | $31,984,000 | $35,085,000 | $762,611,000 | $-3,101,000 |
| 2019 | $23,696,000 | $36,126,000 | $712,213,000 | $-12,430,000 |
| 2018 | $38,585,000 | $31,222,000 | $695,458,000 | $7,363,000 |
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