ELI LILLY & CO MASTER TRUST FOR PO… - 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 & CO MASTER TRUST FOR POST-RETIREMENT MEDICAL BENEFITS, founded in 1983, is a mid-sized nonprofit that reported $53.3M in total revenue in fiscal year 2023. Expenses of $68.8M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ELI LILLY & COMPANY MASTER TRUST FOR POST-RETIREMENT MEDICAL BENEFITS IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) TRUST. THE PURPOSE OF THE MASTER TRUST IS TO PROVIDE FOR THE CONTINUED FUNDING OF HEALTH AND OTHER BENEFIT PAYMENTS TO RETIRED EMPLOYEES, THEIR DEPENDENTS AND BENEFICIARIES AS AUTHORIZED AND DEFINED BY THE PLAN.

Program Service Accomplishments

Program 1

THE MASTER TRUST PROVIDES FUNDING FOR MEDICAL AND DENTAL BENEFITS FOR ELIGIBLE RETIRED 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 $32,522,086

Investment Income $20,734,303

Other Revenue $0

TOTAL REVENUE $53,256,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,083,342

TOTAL EXPENSES $68,755,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,256,389	$-192,704,056	-1.3%
Expenses	$68,755,075	$71,381,855	0.0%
Net Income	$-15,498,686	$-264,085,911	-0.9%

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		$23,331	$0	$23,331

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	$53,256,389	$68,755,075	$1,541,646,017	$-15,498,686
2022	$-192,704,056	$71,381,855	$1,485,079,860	$-264,085,911
2021	$197,070,246	$74,526,745	$2,184,772,359	$122,543,501
2020	$389,584,114	$63,960,734	$2,215,090,169	$325,623,380
2019	$161,062,215	$75,595,631	$1,840,534,637	$85,466,584
2018	$1,116,320,074	$36,320,098	$1,593,054,585	$1,079,999,976

ELI LILLY & CO MASTER TRUST FOR POST-RETIREMENT MEDICAL BENEFITS