Electrical Workers Health & Welfare Fund

Organization Overview

Electrical Workers Health & Welfare Fund is located in Duluth, MN. The organization was established in 2016. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Electrical Workers Health & Welfare Fund employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Workers Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Electrical Workers Health & Welfare Fund generated $24.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $18.5m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH AND WELFARE BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEDICAL, PRESCRIPTION DRUG, DENTAL, DISABILITY, VISION AND VACATION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Hendrickson
Trustee
$0
Harris B Mahan
Trustee
$0
Rick Osbakken
Trustee
$0
David Orman
Trustee
$0
Carey Young
Trustee
$0
Dave Domagala
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bluecross Blueshield Of Minnesota
Claims Administration And Network Access
$267,295
Wilson-mcshane Corporation
Third Party Administrator
$254,104
View All Vendors

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$23,045,307
Investment income $645,868
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $782,237
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,491,701

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