Shreveport Electrical Health & Welfare Fund
- Assets
- $8.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Goodlettsville, TN
- Founding
- 11/1967
- Data as of
- 03/2023
- EIN
- 72-6033767
Organization Overview
Shreveport Electrical Health & Welfare Fund is located in Goodlettsville, TN. The organization was established in 1967. 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 03/2023, Shreveport Electrical Health & Welfare Fund employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shreveport Electrical 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 03/2023, Shreveport Electrical Health & Welfare Fund generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.6m during the year ending 03/2023. While expenses have increased by 4.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF HEALTH BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DISABILITY, AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Feazel Co-Chairman | OfficerTrustee | 2 | $0 |
Jonathan Jones Alternate Tr | Trustee | 2 | $0 |
Tony Lafisca Trustee | Trustee | 2 | $0 |
Steve Martin Alternate Tr | Trustee | 2 | $0 |
Brent Moreland Co-Chairman | OfficerTrustee | 2 | $0 |
Richard Roberts Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluecross Blueshield Of Illinois Ppo | 3/30/23 | $237,109 |
Labor First Llc Ppo | 3/30/23 | $263,350 |
Hcc Life Insurance Company Stop Loss | 3/30/23 | $205,590 |
Southern Benefit Administrators Inc Administration | 3/30/23 | $151,597 |
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 | $6,671,788 |
| Investment income | $3,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,827,668 |
| 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 | $4,652,981 |
| 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 | $4,594 |
| Fees for services: Management | $128,000 |
| Fees for services: Legal | $15,151 |
| Fees for services: Accounting | $16,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,706 |
| Advertising and promotion | $0 |
| Office expenses | $4,646 |
| 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 | $4,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $245,151 |
| All other expenses | $7,138 |
| Total functional expenses | $5,617,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,482 |
| Savings and temporary cash investments | $7,127,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $730,608 |
| 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 | $26,355 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,621,034 |
| Accounts payable and accrued expenses | $141,297 |
| 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 | $0 |
| Total liabilities | $141,297 |
| 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 | $8,479,737 |
| Total liabilities and net assets/fund balances | $8,621,034 |