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Electrical Workers Insurance Fund

501(c)
Other · MADISON HTS, MI · EIN 38-1393235
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About

The fund was established by collective-bargaining between IBEW local 58 and SMC NECA to provide health insurance to member electricians and their families. Over 5,800 participants and 6,700 beneficiaries & dependents benefit.

Donations are NOT tax-deductible
Category
Other
Employees
14
Volunteers
—

Financial Snapshot

FY ending 2024-09-30
Revenue
$81.5M
Expenses
$80.3M
Assets
$130.2M
Liabilities
$1.4M

Financial history

$87.6M$43.8M$0
161718192021222324
RevenueExpenses
Latest FY2024: $81.5M · Peak FY2017: $87.6M · Avg: $72.6M

Foreign activity (Schedule F)

Total spent abroad$241K
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EUROPE(BERMUDA-UNITED KINGDOM)——
ELECTRICAL WORKERS INSURANCE FUND
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Address

PO BOX 71337
Madison HTS, MI, 48071-033

Governance

Voting board members6
Independent members0
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Public records
ProPublica Nonprofit Explorer ↗
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