Electrical Insurance Trustees

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 361033970 ✦ Alsip, IL ✦ Designated as a 501(c)(9)

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Overview

What is Electrical Insurance Trustees?

Electrical Insurance Trustees, based in Chicago, IL, is a company dedicated to offering medical, death, disability, and unemployment benefits to eligible individuals and their dependents. The organization's primary objective is to extend medical coverage to plan participants. With a mission-driven approach, Electrical Insurance Trustees strives to ensure the health and wellbeing of its beneficiaries.


Official website here: www.fundoffice.org

What are the reviews and ratings of this charity?

Electrical Insurance Trustees is not currently rated by Charity Navigator. This absence of a rating doesn't indicate a positive or negative assessment but rather reflects that the organization hasn't been evaluated due to its status as a non-501(c)(3) entity. Charity Navigator's evaluation process focusses on organizations with specific IRS registration criteria which this organization does not meet.

The nonprofit's status means it lacks available data typically used for the ratings, such as Forms 990, total revenue and expenses, and the salary of key persons. This limits the ability of potential donors to assess the organization's financial health and efficiency through Charity Navigator's usual measures.

No user reviews are available from GreatNonprofits, so public perceptions or detailed insights from clients and stakeholders about the organization's performance or impact are not accessible. Thus, it’s challenging to derive a comprehensive understanding of Electrical Insurance Trustees' operational effectiveness and community contributions from this source.


This AI summary has been generated from information found on Charity Navigator.

Is Electrical Insurance Trustees legitimate?

Electrical Insurance Trustees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Insurance Trustees submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $382,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,648,757

For more financial information, click here


Official website here: www.fundoffice.org

What is the mission statement of Electrical Insurance Trustees?

Electrical Insurance Trustees is committed to extending medical benefits to the eligible participants of their plan. Based in Chicago, Illinois, this organization focuses on delivering essential healthcare services to those enrolled. Their primary objective revolves around ensuring access to medical coverage for their members. By providing medical benefits, they aim to enhance the overall well-being of their participants, enabling them to live healthier lives. Their mission encompasses medical, death, disability, and unemployment benefits, offering a comprehensive safety net for those they serve.


Official website here: www.fundoffice.org

Who is the CEO of Electrical Insurance Trustees?

Mr Kenneth Bauwens is the Trustee of Electrical Insurance Trustees.


Official website here: www.fundoffice.org

What is the revenue of Electrical Insurance Trustees?

Electrical Insurance Trustees's revenue in 2022 was $275,509,877.


Official website here: www.fundoffice.org

Who are the executives of Electrical Insurance Trustees and what are their salaries?

The average compensation at Electrical Insurance Trustees during 2022 was $84,656. There are 24 employees at Electrical Insurance Trustees.


Here are 15 key members and their salaries:


Donald Finn (Trustee)
  • Compensation: $0
  • Related: $213,953
  • Other: $73,460
John P Dalton (Trustee)
  • Compensation: $0
  • Related: $20,642
  • Other: $0
Kevin Connolly (Trustee)
  • Compensation: $0
  • Related: $149,139
  • Other: $71,569
Brian Brown (Trustee)
  • Compensation: $0
  • Related: $148,636
  • Other: $73,460
Michael B Plummer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Bauwens (Trustee/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael R Walsdorf (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Block (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Witz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Weir (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Madix (Executive Director)
  • Compensation: $354,600
  • Related: $0
  • Other: $187,573
Daniel Sheffield (Director Of Information Sy)
  • Compensation: $152,490
  • Related: $0
  • Other: $112,334
Lori Seljan (Director Of Accounting)
  • Compensation: $130,561
  • Related: $0
  • Other: $90,712
Tracy Sohst (Director Of Participant Se)
  • Compensation: $107,248
  • Related: $0
  • Other: $57,521
Tanya Baird (Director Of Pension)
  • Compensation: $102,299
  • Related: $0
  • Other: $50,409


Official website here: www.fundoffice.org

Where can I find the form 990 for Electrical Insurance Trustees?

Electrical Insurance Trustees's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fundoffice.org

Learn more at the official website: www.fundoffice.org

Mission Statement of Electrical Insurance Trustees

Electrical Insurance Trustees, a mission-driven organization, is dedicated to extending essential medical benefits to its eligible participants. By offering medical, death, disability, and unemployment coverage, this company plays a significant role in securing the wellbeing of its members and their dependents. In simpler terms, Electrical Insurance Trustees works tirelessly to ensure its plan participants have access to vital medical benefits when they need it most.

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Impact




October, 2024

Electrical Insurance Trustees plays a crucial role in supporting the health and wellbeing of eligible participants and their dependents by providing essential medical benefits. Located in Alsip, IL, the organization ensures that individuals have access to necessary healthcare services, which can significantly alleviate financial burdens associated with medical expenses. By offering additional benefits such as death, disability, and unemployment assistance, they create a safety net that enhances the overall quality of life for participants. This comprehensive approach not only fosters individual health but also promotes community stability by assisting families during challenging times. The organization's commitment to mutual benefit reinforces the importance of shared support among participants, ultimately contributing to a healthier workforce and community.




This information is meant to be a general summary of Electrical Insurance Trustees. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$275,509,877 (2022)
Expenses
$269,554,938 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,756,435
  • Program Service Revenue: $268,350,924
  • Gross Receipts: $566,174,084

Assets and Liabilities:

  • Total Assets: $729,046,741
  • Total Liabilities: $28,985,560
  • Net Assets: $700,061,181

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$238,136,949

PRESCRIPTION DRUG REBATES

Revenue

$16,135,764

PARTICIPANT CONTRIBUTIONS

Revenue

$8,419,982

REIMBURSED SHARED EXPENSES

Revenue

$3,328,951

MEDICARE PART D SUBSIDY

Revenue

$2,329,278

Organization Details

Founding Year

1930

Principal Officer

Mr Kenneth Bauwens

Main Address

6195 W 115TH STREET, ALSIP, IL, 60803

NTEE Category

Code: Y40 - Mutual benefit

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