Civic Intelligence

Local 8-86 Merck Employees Veba Trust

EIN 23-2811893 • 501(c)9 • Horsham, PA

Profile

WELFARE BENEFIT PLAN

601 Dresher RoadHorsham, PA 19044-2203

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.06x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

63rd percentile

0.11x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Net Margin

42nd percentile

2.0%

Higher net margin than 42% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $100M-$250M nonprofits • Source year 2025

Asset Growth

41st percentile

4.7%

Faster asset growth than 41% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$86,899,458

Up $3,862,198 (+4.7%) from 2024

Liabilities

Up

$5,339,153

Up $1,489,606 (+39%) from 2024

Net Assets

Up

$81,560,305

Up $2,372,592 (+3.0%) from 2024

Revenue

Up

$49,449,493

Up $6,505,366 (+15%) from 2024

Expenses

Up

$48,452,382

Up $6,236,660 (+15%) from 2024

Net Income

Up

$997,111

Up $268,706 (+37%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $24,036,693Liabilities 2011: $3,034,814Net Assets 2011: $21,001,8792011Assets 2012: $25,108,831Liabilities 2012: $3,886,494Net Assets 2012: $21,222,3372012Assets 2013: $29,247,124Liabilities 2013: $3,996,131Net Assets 2013: $25,250,9932013Assets 2014: $33,476,770Liabilities 2014: $4,055,109Net Assets 2014: $29,421,6612014Assets 2015: $37,353,145Liabilities 2015: $4,395,632Net Assets 2015: $32,957,5132015Assets 2017: $44,686,617Liabilities 2017: $6,535,373Net Assets 2017: $38,151,2442017Assets 2018: $44,863,835Liabilities 2018: $5,297,162Net Assets 2018: $39,566,6732018Assets 2019: $49,010,137Liabilities 2019: $4,776,909Net Assets 2019: $44,233,2282019Assets 2020: $54,628,503Liabilities 2020: $4,793,373Net Assets 2020: $49,835,1302020Assets 2021: $65,449,031Liabilities 2021: $4,657,777Net Assets 2021: $60,791,2542021Assets 2022: $69,303,250Liabilities 2022: $4,560,675Net Assets 2022: $64,742,5752022Assets 2023: $77,202,828Liabilities 2023: $4,124,391Net Assets 2023: $73,078,4372023Assets 2024: $83,037,260Liabilities 2024: $3,849,547Net Assets 2024: $79,187,7132024Assets 2025: $86,899,458Liabilities 2025: $5,339,153Net Assets 2025: $81,560,3052025

Highlighted filing

2025

Assets$86,899,458
Liabilities$5,339,153
Net Assets$81,560,305

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $28,367,014Expenses 2011: $26,081,898Net Income 2011: $2,285,1162011Revenue 2012: $29,649,326Expenses 2012: $29,839,406Net Income 2012: -$190,0802012Revenue 2013: $32,785,067Expenses 2013: $28,847,845Net Income 2013: $3,937,2222013Revenue 2014: $34,112,626Expenses 2014: $30,388,012Net Income 2014: $3,724,6142014Revenue 2015: $35,252,743Expenses 2015: $31,329,053Net Income 2015: $3,923,6902015Revenue 2017: $34,431,699Expenses 2017: $31,518,199Net Income 2017: $2,913,5002017Revenue 2018: $34,575,758Expenses 2018: $33,320,693Net Income 2018: $1,255,0652018Revenue 2019: $37,738,297Expenses 2019: $33,495,857Net Income 2019: $4,242,4402019Revenue 2020: $39,258,394Expenses 2020: $34,476,744Net Income 2020: $4,781,6502020Revenue 2021: $42,985,362Expenses 2021: $34,374,782Net Income 2021: $8,610,5802021Revenue 2022: $46,837,370Expenses 2022: $35,793,144Net Income 2022: $11,044,2262022Revenue 2023: $47,049,129Expenses 2023: $39,001,813Net Income 2023: $8,047,3162023Revenue 2024: $42,944,127Expenses 2024: $42,215,722Net Income 2024: $728,4052024Revenue 2025: $49,449,493Expenses 2025: $48,452,382Net Income 2025: $997,1112025

Highlighted filing

2025

Revenue$49,449,493
Expenses$48,452,382
Net Income$997,111

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$86.9$5.34$81.6$49.4$48.5$1.00
2024Detailed filing. Detailed filing data is available for this year.$83.0$3.85$79.2$42.9$42.2$0.73
2023Detailed filing. Detailed filing data is available for this year.$77.2$4.12$73.1$47.0$39.0$8.05
2022Detailed filing. Detailed filing data is available for this year.$69.3$4.56$64.7$46.8$35.8$11.0
2021Detailed filing. Detailed filing data is available for this year.$65.4$4.66$60.8$43.0$34.4$8.61
2020Detailed filing. Detailed filing data is available for this year.$54.6$4.79$49.8$39.3$34.5$4.78
2019Detailed filing. Detailed filing data is available for this year.$49.0$4.78$44.2$37.7$33.5$4.24
2018Detailed filing. Detailed filing data is available for this year.$44.9$5.30$39.6$34.6$33.3$1.26
2017Detailed filing. Detailed filing data is available for this year.$44.7$6.54$38.2$34.4$31.5$2.91
2015Detailed filing. Detailed filing data is available for this year.$37.4$4.40$33.0$35.3$31.3$3.92
2014Summary only. Only limited summary data is available for this year.$33.5$4.06$29.4$34.1$30.4$3.72
2013Summary only. Only limited summary data is available for this year.$29.2$4.00$25.3$32.8$28.8$3.94
2012Summary only. Only limited summary data is available for this year.$25.1$3.89$21.2$29.6$29.8$0.19
2011Summary only. Only limited summary data is available for this year.$24.0$3.03$21.0$28.4$26.1$2.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 5, 2026
Return Version
2024v5.2
Gross Receipts
$101,140,105
Mission and Program Overview

Mission

WELFARE BENEFIT PLAN

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$79,187,713$81,560,305▲ $2,372,592
Investments in Publicly Traded Securities$45,513,236$56,706,406▲ $11,193,170
Savings and Temporary Cash Investments$32,952,403$26,249,471▼ $6,702,932
Accounts Receivable$3,297,574$2,917,810▼ $379,764
Cash and Non-Interest-Bearing Accounts$266,527$47,979▼ $218,548
Prepaid Expenses and Deferred Charges$66,691$11,906▼ $54,785
Total Assets$83,037,260$86,899,458▲ $3,862,198
Other Assets Total$940,829$965,886▲ $25,057
Liabilities
Accounts Payable and Accrued Expenses$3,849,547$5,339,153▲ $1,489,606
Total Liabilities$3,849,547$5,339,153▲ $1,489,606
Net Assets / Fund Balance
Total Net Assets Fund Balance$79,187,713$81,560,305▲ $2,372,592
Total Liabilities and Net Assets / Fund Balance$83,037,260$86,899,458▲ $3,862,198

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$965,886--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rae ConsultingAdministration601 DRESHER RD SUITE 201, Horsham, PA 19044-2203$248,973
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$45,515,371
Investment Income
$3,934,122
Other Revenue
$0
Change in Net Assets
$997,111

Audited Revenue Reconciliation

Revenue per Audited Statements
$49,210,289
Revenue Not Reported on Financial Statements
$239,204
Revenue Not Reported on Form 990
$1,375,481
Total Revenue per Audited Statements
$50,585,770
Total Revenue per Form 990
$49,449,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$749,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$0--$47,702,825
Fees for Services Management$0$0$0$248,973
Fees for Service Investment Mgmnt Fees$0$0$0$239,204
Fees for Services Legal$0$0$0$179,033
Conferences and Meetings$0$0$0$32,607
Office Expenses$0$0$0$22,368
Fees for Services Accounting$0$0$0$10,000
Other Expenses$0$0$0$6,870
Insurance$0$0$0$6,177
Fees for Services Other$0$0$0$2,800
Total Functional Expenses$0$0$0$48,452,382

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$48,452,382
Expenses per Audited Statements$47,028,888
Total Expenses per Audited Statements$47,028,888
Expenses Not Reported on Financial Statements$1,423,494
Other Expense Adjustments$1,184,290
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Local 8-86 Merck Employees Veba Trust
EIN
23-2811893
Phone
2157730900
Address
601 DRESHER ROAD, HORSHAM, PA 19044-2203
Doing Business As
Usw Local 10-00086 Merck Employees H&w Fund

Signing Officer

Name
Kevin Mccafferty
Title
Trustee
Phone
2157730900
Signed
2026-03-05
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Fischer Dorwart Pc
Address
16 W VASSAR ROAD, AUDUBON, NJ 08106
Preparer
Stephen MDorwart
Phone
8563100990
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 is reviewed with the trustees at a regularly scheduled meeting prior to filing.

Pt VI, Line 12C

THE FUNDS BOARD OF TRUSTEES, ON AN ONGOING BASIS THROUGH DISCUSSION AND ACTION AT REGULARLY SCHEDULED MEETINGS, MONITOR AND ENFORCE THE REQUIREMENTS OF THE CONFLICT OF INTEREST POLICY AS WELL AS THE PARALLEL FIDUCIARY OBLIGATIONS UNDER ERISA SECTION 404(a)(1).

Pt VI, Line 19

Policies are made available upon request through the local union office.

Financial Statement Notes

Pt XII, Line 4B

Change in benefit obligations

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc2COBRA
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15711660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236180
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
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IRS990/PYBenefitsPaidToMembersAmt041590386
IRS990/PYInvestmentIncomeAmt0-556401
IRS990/PYOtherExpensesAmt0625336
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt081560305
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt0239204
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Advance Medical Deposit
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN BENEFIT OBLIGATIONS
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IRS990ScheduleD/TotalExpensesPerForm990Amt048452382
IRS990ScheduleD/TotalRevenuePerForm990Amt049449493
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED WITH THE TRUSTEES AT A REGULARLY SCHEDULED MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUNDS BOARD OF TRUSTEES, ON AN ONGOING BASIS THROUGH DISCUSSION AND ACTION AT REGULARLY SCHEDULED MEETINGS, MONITOR AND ENFORCE THE REQUIREMENTS OF THE CONFLICT OF INTEREST POLICY AS WELL AS THE PARALLEL FIDUCIARY OBLIGATIONS UNDER ERISA SECTION 404(a)(1).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICIES ARE MADE AVAILABLE UPON REQUEST THROUGH THE LOCAL UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt086899458
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IRS990/TotalAssetsGrp/EOYAmt086899458
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt048452382
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03849547
IRS990/TotalLiabilitiesEOYAmt05339153
IRS990/TotalLiabilitiesGrp/BOYAmt03849547
IRS990/TotalLiabilitiesGrp/EOYAmt05339153
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt079187713
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IRS990/TotalProgramServiceRevenueAmt045515371
IRS990/TotalRevenueGrp/ExclusionAmt03934122
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045515371
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt049449493
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt086899458
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 DRESHER RD SUITE 201
IRS990/USAddress/CityNm0HORSHAM
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019044
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN MCCAFFERTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02157730900
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL 8-86 MERCK EMPLOYEES VEBA TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0232811893
ReturnHeader/Filer/PhoneNum02157730900
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 DRESHER ROAD
ReturnHeader/Filer/USAddress/CityNm0HORSHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0190442203
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232247478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FISCHER DORWART PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016 W VASSAR ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUDUBON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008106
ReturnHeader/PreparerPersonGrp/PhoneNum08563100990
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen MDorwart
ReturnHeader/ReturnTs02026-03-23T14:05:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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