LOCKHEED MARTIN CORP BENEFIT TRUST FOR COLLECTIVELY BARGAINED EMPLOYEES VEBA II (EIN 133507980) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

MICHAEL SCHAFFER

Phone

3015717155

Tax Period

2023-01-01 to 2023-12-31

LOCKHEED MARTIN CORP BENEFIT TRUST FOR COLLECTIVELY BARGAINED EMPLOYEES VEBA II, founded in 1989, is a mid-sized nonprofit that reported $85.4M in total revenue in fiscal year 2023. The organization ran a surplus of $27.8M, a strong 33% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE WELFARE BENEFIT TRUST IS TO PROVIDE A SOURCE OF FUNDING FOR MEDICAL BENEFIT COVERAGE TO MEMBERS WHO ARE COLLECTIVELY BARGAINED RETIRED EMPLOYEES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,594,935

Investment Income $74,815,914

Other Revenue $25,985

TOTAL REVENUE $85,436,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $287,277

TOTAL EXPENSES $57,611,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,436,834	$-76,145,633	-2.1%
Expenses	$57,611,171	$59,437,515	0.0%
Net Income	$27,825,663	$-135,583,148	-1.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

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	TRUSTEE	1.00		$26,318	$0	$26,318

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	No data	No data	No data	No data
2023	$85,436,834	$57,611,171	$688,894,714	$27,825,663
2022	$-76,145,633	$59,437,515	$622,767,478	$-135,583,148
2021	$85,280,013	$58,029,958	$814,478,745	$27,250,055
2020	$43,685,396	$62,473,255	$779,841,220	$-18,787,859

LOCKHEED MARTIN CORP BENEFIT TRUST FOR COLLECTIVELY BARGAINED EMPLOYEES VEBA II