Local 8-86 Merck Employees Veba Trust
501(c)(9)
Only null% goes to programs Strong reserves
Local 8-86 Merck Employees Veba Trust is a 501(c)(9) organization based in Horsham, Pennsylvania, registered in 1996, with $49,449,493 in FY2024 revenue. CharityIndex grades it C+.
601 Dresher Road, Horsham, PA, 19044 EIN 23-2811893 Since 1996
Revenue (FY2024)
$49.4M
▲ 15.1% vs prior year
Expenses (FY2024)
$48.5M
Net assets
$81.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Local 8-86 Merck Employees Veba Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Local 8-86 Merck Employees Veba Trust: 20 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Local 8-86 Merck Employees Veba Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Local 8-86 Merck Employees Veba Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 601 Dresher Road, Horsham, PA, 19044
- City
- Horsham
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $35.3M (FY2014) to $49.4M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.3MNet assets $81.6M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$86.9M
Total liabilities
$5.3M
Net assets
$81.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $49,449,493▲15.1% | $48,452,382▲14.8% | $81,560,305▲3.0% | $86,899,458▲4.7% | 990 |
| 2023 | $42,944,127▼8.7% | $42,215,722▲8.2% | $79,187,713▲8.4% | $83,037,260▲7.6% | 990 |
| 2022 | $47,049,129▲0.5% | $39,001,813▲9.0% | $73,078,437▲12.9% | $77,202,828▲11.4% | 990 |
| 2021 | $46,837,370▲9.0% | $35,793,144▲4.1% | $64,742,575▲6.5% | $69,303,250▲5.9% | 990 |
| 2020 | $42,985,362▲9.5% | $34,374,782▼0.3% | $60,791,254▲22.0% | $65,449,031▲19.8% | 990 |
| 2019 | $39,258,394▲4.0% | $34,476,744▲2.9% | $49,835,130▲12.7% | $54,628,503▲11.5% | 990 |
| 2018 | $37,738,297▲9.1% | $33,495,857▲0.5% | $44,233,228▲11.8% | $49,010,137▲9.2% | 990 |
| 2017 | $34,575,758▲0.4% | $33,320,693▲5.7% | $39,566,673▲3.7% | $44,863,835▲0.4% | 990 |
| 2016 | $34,431,699▼2.3% | $31,518,199▲0.6% | $38,151,244▲15.8% | $44,686,617▲19.6% | 990 |
| 2014 | $35,252,743 | $31,329,053 | $32,957,513 | $37,353,145 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Local 8-86 Merck Employees Veba Trust a legitimate nonprofit?
- Yes. Local 8-86 Merck Employees Veba Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-2811893, based in Horsham, Pennsylvania.
- What is Local 8-86 Merck Employees Veba Trust's EIN?
- Local 8-86 Merck Employees Veba Trust's Employer Identification Number (EIN) is 23-2811893.
- How much revenue does Local 8-86 Merck Employees Veba Trust report?
- Local 8-86 Merck Employees Veba Trust reported $49,449,493 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Local 8-86 Merck Employees Veba Trust have?
- CharityIndex grades Local 8-86 Merck Employees Veba Trust C+, based on financial health (reserves and operating margin).
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Data for Local 8-86 Merck Employees Veba Trust (EIN 23-2811893) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.