Louisiana Electrical Health Fund
- Assets
- $3.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Goodlettsville, TN
- Founding
- 04/1972
- Data as of
- 12/2023
- EIN
- 23-7174513
Organization Overview
Louisiana Electrical Health Fund is located in Goodlettsville, TN. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Louisiana Electrical Health Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Electrical Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Louisiana Electrical Health Fund generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF HEALTH AND TEMPORARY DISABILITY BENEFITS TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Flynn Trustee | Trustee | 2 | $0 |
John Johnson Trustee | Trustee | 2 | $0 |
Darryl Lavespere Co-Chairman | OfficerTrustee | 2 | $0 |
Steven G Martin Chairman | OfficerTrustee | 2 | $0 |
Matthew Rachal Trustee | Trustee | 2 | $0 |
James Rayner Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,823,115 |
| Investment income | $119,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,969,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,210,113 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,546 |
| Fees for services: Management | $72,000 |
| Fees for services: Legal | $1,858 |
| Fees for services: Accounting | $14,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,835 |
| Advertising and promotion | $0 |
| Office expenses | $2,453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $76,557 |
| All other expenses | $1,634 |
| Total functional expenses | $1,546,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,264 |
| Savings and temporary cash investments | $2,174,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,884 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,079,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,818,093 |
| Accounts payable and accrued expenses | $19,039 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $575,445 |
| Total liabilities | $594,484 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,223,609 |
| Total liabilities and net assets/fund balances | $3,818,093 |