NonprofitsElectrical Workers Insurance Fund

Electrical Workers Insurance Fund

MADISON HTS, MI

Total revenue

$81.5M

Total expenses

$80.3M

Net assets

$128.8M

Grants received

EIN

381393235

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$76.3M
Investment income$4.1M
Other revenue$1.1M
Total revenue$81.5M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising
Other expenses$656K
Total expenses$80.3M
Total assets$130.2M
Net assets$128.8M

People

13 listed

NameRoleCompensation

WILLIAM DARISH

TRUSTEE

Board

$1

1 hrs/wk

JAMES SOOSIK

TRUSTEE

Board

1 hrs/wk

JOSEPH DIEDERICHS

TRUSTEE

Board

1 hrs/wk

JOHN FULGENZI

TRUSTEE

Board

1 hrs/wk

STEVEN WELLEIN

TRUSTEE-PAST

Board

1 hrs/wk

THOMAS MITTELBRUN III

TRUSTEE-PAST

Board

1 hrs/wk

JASON HEAD

TRUSTEE

Board

1 hrs/wk

JAMES PELTIER

TRUSTEE-PAST

Board

1 hrs/wk

KIMBERLY L'HEUREUX

TRUSTEE

Board

1 hrs/wk

E CRAIG YOUNG

BENEFITS DIR

Staff

$382K

40 hrs/wk

MICHELE DAVIS

ASST BENEFIT

Staff

$147K

40 hrs/wk

SARAH PADGETT

ASST BENEFIT

Staff

$145K

40 hrs/wk

JESSICA CYPRUS

ACCOUNTANT

Staff

$103K

40 hrs/wk

Independent contractors

PROFESSIONAL BENEFITS SERVICES INC

CLAIMS PROCESSO

$5.3M

DELTA DENTAL OF MICHIGAN

CLAIM PROCESSIN

$210K

PNC BANK INSTITUTIONAL INVESTMENTS

INVESTMENT MGT

$154K

PART D ADVISORS

MEDICARE CONSUL

$124K

Details

EIN381393235
Subsection09
Ruling date1954-06
Formed1951
Employees14
ELECTRICAL WORKERS INSURANCE FUND — Mission, Financials & Grants Received | Grantivo