Electrical Workers Health & Welfare Fund Of Northern Nevada
- Assets
- $14.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 88-6004496
Organization Overview
Electrical Workers Health & Welfare Fund Of Northern Nevada is located in Reno, NV. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Workers Health & Welfare Fund Of Northern Nevada 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 Of Northern Nevada generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $10.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, DISABILITY, DENTAL, AND VISION BENEFITS AND PAY FOR MEDICAL STOP LOSS, LIFE, AND AD&D INSURANCE PREMIUMS FOR APPROXIMATELY 865 ELIGIBLE PARTICIPANTS (NOT INCLUDING DEPENDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Mcdermott Chairman | OfficerTrustee | 0.5 | $0 |
Jacob Haas Co-Chairman | Trustee | 0.5 | $0 |
Tom Pourchot Trustee | Trustee | 0.5 | $0 |
Joel Byrne Trustee | Trustee | 0.5 | $0 |
Shane Glenn Trustee | Trustee | 0.5 | $0 |
Asa Barton Alternate | Trustee | 0.5 | $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 | $4,591,830 |
| Investment income | $510,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,204,553 |
| 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 | $7,519,820 |
| 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 | $0 |
| Fees for services: Management | $386,606 |
| Fees for services: Legal | $28,268 |
| Fees for services: Accounting | $23,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,222 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $0 |
| Office expenses | $35,195 |
| 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 | $3,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,270 |
| All other expenses | $41,283 |
| Total functional expenses | $10,029,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,816 |
| Savings and temporary cash investments | $596,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $748,313 |
| 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 | $3,921 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,497,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,434,571 |
| Accounts payable and accrued expenses | $111,131 |
| 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 | $111,131 |
| 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 | $14,323,440 |
| Total liabilities and net assets/fund balances | $14,434,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joint Benefit Trust Dublin, CA | $57,691,300 | $62,000,712 |
Southern California Edison Co Veba Non Represented Trust Rosemead, CA | $96,435,783 | $52,296,325 |
Electrical Workers Health & Welfare Trust Fund For San<francisco San Francisco, CA | $101,740,447 | $49,849,455 |
Teamsters Security Fund For Southern Nevada Local 14 Las Vegas, NV | $34,705,927 | $47,693,145 |
Operating Engineers Vacation- Holiday Savings Trust Pasadena, CA | $43,044,158 | $45,362,353 |
Teamster Sanitation Industry Tr Fund glendale, CA | $1,112,159 | $44,721,078 |
San Diego Electrical Health & Welfare Trust San Diego, CA | $35,021,593 | $39,529,238 |
United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund Murray, UT | $47,809,606 | $24,428,053 |
Operating Engineers Security Fund West Covina, CA | $104,572,934 | $56,458,139 |
Ckpu-Kp Education & Training Trust Fund Oakland, CA | $33,714,091 | $35,135,589 |
Electrical Workers Health & Welfare Trust Fund Pleasanton, CA | $71,350,255 | $47,574,922 |
Electrical Workers Health & Welfare Trust Fund Las Vegas, NV | $30,594,533 | $39,541,632 |