NFP500

#246 of 500 · Member & Benefit Funds

Board Of Education Of Montgomery County Employee Benefit Trust Fund

EIN 52-6033249 · MD · NTEE n/a · Form 990, fiscal 2024

A voluntary employees' beneficiary association (VEBA) based in Rockville, Maryland, that funds the Montgomery County Public Schools (MCPS) Employee Benefit Plan. It provides health and welfare benefits, including medical, dental, vision, prescription drug and life insurance coverage, to eligible current employees, retirees and their dependents. As an employee-benefit trust, it does not conduct public charitable programs.

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Financials, fiscal 2024

Revenue
$631.5M
Expenses
$665.9M
Total assets
$26.5M
Net assets
-$35.0M
Operating margin
-5.4%
1-year growth
11.8%
5-year growth (CAGR)
7.1%
Reserve (years of spending)
-0.6
Contributions share
n/a
Programme spending
99.7%
Fundraising cost
n/a
Executive pay share
0.00%
Employees
33,119
Revenue per employee
$19K
Grants paid
n/a
Years filing
60

NFP Health Score: 53 / 100

Financial 10 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history

YearRevenue
2020$479.1M
2021$504.9M
2022$526.1M
2023$565.0M
2024$631.5M