NORTHWESTERN UNIVERSITY MASTER WEL… - 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

1981

Legal Domicile

Principal Officer

THE NORTHERN TRUST COMPAN

Phone

8474918588

Tax Period

2024-01-01 to 2024-12-31

NORTHWESTERN UNIVERSITY MASTER WELFARE BENEFIT TRUST, founded in 1981, is a major nonprofit that reported $145.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE MEDICAL BENEFITS TO THE PARTICIPATING MEMBERS OF THE VEBA.

Program Service Accomplishments

Program 1

Expenses: $147,053,571 Revenue: $145,244,109

THE UNIVERSITY HAS CREATED THIS 501(C)(9) TAX-EXEMPT TRUST OF A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). THE FUNDAMENTAL PURPOSE OF THE ASSOCIATION IS TO PROVIDE HEALTH AND WELFARE...

THE UNIVERSITY HAS CREATED THIS 501(C)(9) TAX-EXEMPT TRUST OF A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). THE FUNDAMENTAL PURPOSE OF THE ASSOCIATION IS TO PROVIDE HEALTH AND WELFARE INSURANCE BENEFITS TO THOSE PRESENT, SEPARATED AND RETIRED EMPLOYEES OF THE UNIVERSITY WHO ARE ELIGIBLE TO PARTICIPATE IN THE PLAN AND TO THE ELIGIBLE DEPENDENTS OF SUCH EMPLOYEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $144,853,208

Investment Income $390,901

Other Revenue $0

TOTAL REVENUE $145,244,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,245

Fundraising Expenses $0

Program Expenses $147,053,571

Other Expenses $7,304,521

TOTAL EXPENSES $147,053,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,244,109	$151,439,535	0.0%
Expenses	$147,053,571	$153,265,512	0.0%
Net Income	$-1,809,462	$-1,825,977	0.0%

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		$30,245	$0	$30,245

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	$145,244,109	$147,053,571	No data	$-1,809,462
2023	$151,439,535	$153,265,512	$1,809,462	$-1,825,977
2022	$127,161,870	$143,563,303	$3,635,439	$-16,401,433
2021	$119,024,149	$128,565,219	$20,036,872	$-9,541,070
2020	$128,656,754	$116,207,471	$29,577,942	$12,449,283

NORTHWESTERN UNIVERSITY MASTER WELFARE BENEFIT TRUST