Maryland Electrical Industry Health Fund

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

EIN: 526038269 ✦ Rosedale, MD ✦ Designated as a 501(c)(9)

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Overview

What is Maryland Electrical Industry Health Fund?

The Maryland Electrical Industry Health Fund is a nonprofit organization based in Rosedale, Maryland, with a US address at 9411 Philadelphia Road S. This entity focuses on providing health and welfare benefits to its participating members. With a workforce of 73 employees, the Fund's primary mission is to deliver medical, dental, prescription drug, and death benefits to its members. This organization exists to ensure the wellbeing of its participants and beneficiaries by offering essential health-related services.

Is Maryland Electrical Industry Health Fund legitimate?

Maryland Electrical Industry Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Maryland Electrical Industry Health Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Maryland Electrical Industry Health Fund?

The Maryland Electrical Industry Health Fund is committed to extending health and welfare benefits to its participants. Its mission is to provide comprehensive health and related benefits to participants and their beneficiaries. The fund's primary goal is to pay for medical, dental, prescription drug, and death benefits for its members. By offering these essential benefits, the organization aims to improve the overall well-being and quality of life for those who are part of the fund. The health fund's dedication to providing these crucial benefits fosters a sense of security and peace of mind for its members.

Who is the CEO of Maryland Electrical Industry Health Fund?

Michael J Mchale is the Trustee of Maryland Electrical Industry Health Fund.

What is the revenue of Maryland Electrical Industry Health Fund?

Maryland Electrical Industry Health Fund's revenue in 2022 was $33,839,234.

Who are the executives of Maryland Electrical Industry Health Fund and what are their salaries?

There are 73 employees at Maryland Electrical Industry Health Fund.


Here are 12 key members and their salaries:


Michael J Mchale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles S Curreri (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael G Azzarello (Trustee Until 6/10/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
James H Cornelius (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia A Churchman (Trustee Until 8/31/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
William F Yull Iv (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald N Michael Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Rice (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Harris Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome T Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Ashe (Trustee Eff. 9/1/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carmen F Voso (Trustee Eff. 6/10/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Maryland Electrical Industry Health Fund?

Maryland Electrical Industry Health Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Maryland Electrical Industry Health Fund

The Maryland Electrical Industry Health Fund, a vital non-profit organization, is dedicated to providing health and welfare benefits to its participating members. In simple terms, its mission is to ensure the wellbeing of its members by offering a range of health-related benefits. The Fund exists with the primary purpose of paying for medical, dental, prescription drug, and even death benefits for its members. Through its commitment to health and welfare, it aims to enhance the quality of life for those it serves.

The Maryland Electrical Industry Health Fund stands as a beacon of hope for its members, offering them peace of mind in the face of potential health challenges. By providing these essential benefits, the Fund enables its members to focus on their wellbeing, rather than worrying about the financial burden of healthcare costs. The organization's unwavering dedication to its members' health and wellbeing is a testament to its mission of care and compassion.

Maryland Electrical Industry Health Fund's mission extends beyond just providing health benefits. It is committed to ensuring that the health and wellbeing of its beneficiaries are at the forefront of its priorities. The Fund's mission is to make a positive impact on the lives of its members, offering them the resources they need to live healthy and fulfilling lives. Its unwavering commitment to providing comprehensive health benefits makes it an essential resource for those in the electrical industry in Maryland.

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Impact




October, 2024

The Maryland Electrical Industry Health Fund plays a crucial role in providing health and welfare benefits to its participants. By covering medical, dental, prescription drug, and death benefits, it alleviates the financial burden associated with healthcare costs for its members. This support not only enhances the overall well-being of participants but also contributes to a healthier workforce within the electrical industry. By ensuring access to essential health services, the Fund fosters a sense of security and stability, allowing individuals and their families to focus on their work and community engagement without the constant worry of healthcare expenses.




This information is meant to be a general summary of Maryland Electrical Industry Health Fund. 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
$33,839,234 (2022)
Expenses
$28,336,527 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $649,395
  • Program Service Revenue: $33,077,902
  • Gross Receipts: $44,243,413

Assets and Liabilities:

  • Total Assets: $43,132,397
  • Total Liabilities: $407,970
  • Net Assets: $42,724,427

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$29,705,026

EMPLOYEE CONTRIBUTIONS

Revenue

$3,372,876

Organization Details

Founding Year

1961

Principal Officer

Michael J Mchale

Main Address

9411 PHILADELPHIA ROAD S, ROSEDALE, MD, 21237

NTEE Category

Code: Y40 - Mutual benefit

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