Please remember we can't see how you're connecting your multimeter or even the voltage is showed. We can better help if you show us and let us actually see what you're testing, rather than simply telling us you did the test and your conclusion was it looked ok to you. We can't see anything that way.
For a specific test, with 5V power supplied to the VIN pin and GND pin, please measure the voltage between 3.3V and GND. The idea is to check whether the 3.3V regulator is turning on and working properly to create the 3.3V power from your 5V input.
For more background info about how the power works, check the
T4 bootloader page and scroll down to Power Up Sequence. Together with the map of test points on the Teensy 4.0 page, maybe this can give you ideas of other places to measure.
Again, if you want better help here, please try to show us what you actually measured. Over and over on this forum we've had problems that turned out to be just a misunderstanding... and if you just give us your opinion without letting us see what really happened there no way we can help if the problem is related to how you're connecting the wires or doing the measurements.