Northrop Grumman Veba Master Trust I
Quincy, MA 02171 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $1,343,837,543 | $1,377,708,990 | $248,593,716 |
| FY2023 | $1,322,069,327 | $1,290,040,045 | $284,986,652 |
| FY2022 | $1,219,541,017 | $1,232,951,184 | $251,123,562 |
| FY2021 | $1,213,531,994 | $1,185,780,945 | $265,532,792 |
| FY2020 | $1,093,194,105 | $1,085,983,807 | $237,590,119 |
| FY2019 | $1,110,354,782 | $1,120,866,143 | $230,042,473 |
| FY2018 | $936,419,677 | $917,420,302 | $239,970,021 |
| FY2017 | $885,831,630 | $884,445,062 | $221,387,933 |
| FY2016 | $841,077,145 | $826,731,724 | $219,846,111 |
| FY2015 | $828,966,969 | $861,230,398 | $203,763,873 |
| FY2014 | $840,648,135 | $868,822,968 | $236,303,983 |
| FY2013 | $889,552,377 | $926,156,002 | $264,605,887 |
| FY2012 | $971,941,867 | $985,819,979 | $300,739,812 |
| FY2011 | $1,090,499,297 | $1,133,970,486 | $314,935,278 |
Form 990 filings
The returns filed by Northrop Grumman Veba Master Trust I (EIN 95-3386394), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $1,324,643,252 | 99% |
| Other revenue | $19,194,291 | 1% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Net assets covered about 2.2 months of expenses at the end of the reporting year. That puts it in the 8th percentile among 122 Mutual & Membership Benefit organizations in MA.
- Total revenue was the highest among 125 Mutual & Membership Benefit organizations in MA.
- Total revenue rose from $1,090,499,297 in FY2011 to $1,343,837,543 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2019, FY2022, FY2024).
- Net assets declined from $314,935,278 to $248,593,716 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I ("VEBA I") PROVIDES HEALTH CARE AND LIFE INSURANCE TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AS SET FORTH IN THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I.
IRS status
| Ruling year | 1988 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y20Z — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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