Massachusetts Institute of Technology Welfare Benefit Plans Trust

EIN: 043177556 501(c)(3) Mutual Benefit

Cambridge, MA

Total Revenue
$55,434,000
Total Expenses
$64,245,000
Total Assets
$1,155,540,000
Net Assets
$1,105,307,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Phone
6172532734
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

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.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,931,000
Investment Income $25,503,000
Other Revenue $0
TOTAL REVENUE $55,434,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,791,000
Other Expenses $5,437,000
TOTAL EXPENSES $64,245,000

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
2
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
0
$0
Total Directors
2
$5,489,557
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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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