Merck & Co Inc Union VEBA Trust (EIN 521811276) - 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

1992

Legal Domicile

Principal Officer

Melissa Leonard

Phone

7325944000

Tax Period

2023-01-01 to 2023-12-31

Merck & Co Inc Union VEBA Trust, founded in 1992, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The Merck Co., Inc. Union VEBA Trust funds certain retiree medical benefits in accordance with the terms of the Merck Retiree Medical Plan for certain former union employees and their eligible dependents.

🔒

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 $1,676,804

Investment Income $7,438

Other Revenue $0

TOTAL REVENUE $1,684,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438

Fundraising Expenses $0

Other Expenses $161,674

TOTAL EXPENSES $1,684,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,684,242	$1,497,580	+0.1%
Expenses	$1,684,660	$4,267,648	-0.6%
Net Income	$-418	$-2,770,068	-1.0%

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	005.00		$438	$0	$438

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	$1,684,242	$1,684,660	$25,000	$-418
2022	$1,497,580	$4,267,648	$25,418	$-2,770,068
2021	$1,397,857	$12,246,535	$2,795,486	$-10,848,678
2020	$1,445,487	$11,449,258	$13,644,164	$-10,003,771
2019	$2,209,690	$13,337,396	$23,647,935	$-11,127,706
2018	$2,463,333	$14,439,075	$34,776,272	$-11,975,742

Merck & Co Inc Union VEBA Trust