ELI LILLY & COMPANY MASTER TRUST F… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

JANE A KIRKHAM

Phone

3172762000

Tax Period

2023-01-01 to 2023-12-31

ELI LILLY & COMPANY MASTER TRUST FOR EMPLOYEE BENEFITS, founded in 1983, is a major nonprofit in the Mutual Benefit sector that reported $418.3M in total revenue in fiscal year 2023. Revenue surged 3928% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181.7M, a strong 43% operating margin.

Mission

THE ELI LILLY & COMPANY MASTER TRUST FOR EMPLOYEE BENEFITS IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) TRUST. THE PURPOSE OF THE MASTER TRUST IS TO PROVIDE FOR THE CONTINUED FUNDING OF MEDICAL AND DENTAL BENEFIT PAYMENTS TO ACTIVE EMPLOYEES, THEIR DEPENDENTS AND BENEFICIARIES, AS AUTHORIZED AND DEFINED BY EACH OF THE HEALTH PLANS.

Program Service Accomplishments

Program 1

THE MASTER TRUST PROVIDES FUNDING FOR MEDICAL AND DENTAL BENEFITS FOR ELIGIBLE EMPLOYEES OF ELI LILLY & CO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $410,258,000

Investment Income $7,994,260

Other Revenue $0

TOTAL REVENUE $418,252,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $337,779

TOTAL EXPENSES $236,585,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,252,260	$10,382,941	+39.3%
Expenses	$236,585,178	$7,697,794	+29.7%
Net Income	$181,667,082	$2,685,147	+66.7%

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

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	TRUSTEE	1.00		$148,213	$0	$148,213

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	$418,252,260	$236,585,178	$299,620,260	$181,667,082
2022	$10,382,941	$7,697,794	$13,112,209	$2,685,147
2021	$10,244,421	$12,198,640	$11,794,153	$-1,954,219
2020	$10,346,064	$11,171,392	$14,129,838	$-825,328
2019	$50,979,408	$53,087,207	$14,603,590	$-2,107,799
2018	$51,043,962	$52,330,287	$16,292,982	$-1,286,325

ELI LILLY & COMPANY MASTER TRUST FOR EMPLOYEE BENEFITS