Mission
THE PRIMARY EXEMPT PURPOSE OF THE WELFARE BENEFIT TRUST IS TO PROVIDE A SOURCE OF FUNDING FOR MEDICAL BENEFIT COVERAGE TO MEMBERS WHO ARE COLLECTIVELY BARGAINED RETIRED EMPLOYEES AND THEIR COVERED DEPENDENTS.
Based in BETHESDA, MD, LOCKHEED MARTIN CORP BENEFIT TRUST FOR COLLECTIVELY BARGAINED EMPLOYEES VEBA II operates as a Public Charity. The organization reported $64.4M in revenue, $54.5M in expenses, $713.8M in total assets for fiscal year 2024.
THE PRIMARY EXEMPT PURPOSE OF THE WELFARE BENEFIT TRUST IS TO PROVIDE A SOURCE OF FUNDING FOR MEDICAL BENEFIT COVERAGE TO MEMBERS WHO ARE COLLECTIVELY BARGAINED RETIRED EMPLOYEES AND THEIR COVERED DEPENDENTS.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $64.4M | $54.5M | $713.8M |
| 2023 | $85.4M | $57.6M | $688.9M |
| 2022 | $-76.1M | $59.4M | $622.8M |
| 2020 | $43.7M | $62.5M | $779.8M |
Between 2020 and 2024, reported annual revenue grew from $43.7M to $64.4M (+48%), with total assets most recently reported at $713.8M.
Interactive year-over-year charts and full filing details available with membership.