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Filing year 2023

ELECTRICAL WORKERS' INSURANCE FUND

Madison Heights, Michigan·EIN 38-1393235·501(c)(9)
Total revenue
$81.5M
Total assets
$130.2M
Total expenses
$80.3M
Reported officers
13
Mission

THE FUND WAS ESTABLISHED BY COLLECTIVE-BARGAINING BETWEEN IBEW LOCAL 58 AND SMC NECA TO PROVIDE HEALTH INSURANCE TO MEMBER ELECTRICIANS AND THEIR FAMILIES. OVER 5,800 PARTICIPANTS AND 6,700 BENEFICIARIES & DEPENDENTS BENEFIT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Benefits Dir
Key Employee
Above 90th percentile
$436k
$474k
Base
$382k
Bonus
Other
Benefits
$17k
Asst Benefit
Highest Compensated Employee
Median to 75th percentile
$201k
$218k
Base
$135k
Bonus
$12k
Other
Benefits
$17k
Asst Benefit
Highest Compensated Employee
Median to 75th percentile
$199k
$216k
Base
$133k
Bonus
$12k
Other
Benefits
$17k
Accountant
Highest Compensated Employee
25th percentile to median
$157k
$171k
Base
$98k
Bonus
$5k
Other
Benefits
$17k
Trustee
Board Member
75th to 90th percentile
$58k
$63k
Trustee-past
Board Member
75th to 90th percentile
$54k
$59k
Trustee
Board Member
75th to 90th percentile
$54k
$59k
Trustee
Board Member
Median to 75th percentile
$43k
$47k
Trustee-past
Board Member
25th percentile to median
$13k
$14k
Trustee
Board Member
10th to 25th percentile
$2k
$2k
Trustee
Board Member
Below 10th percentile
$1
$1

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Up 8%
from 2022

From $403k in 2022 to $436k in 2023.

$403k
2022
$436k
2023
In today's dollarsEst.
Up 2% in real terms$464k to $474k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 8% from 2022 to 2023, while revenue rose 14%.

$403k in 2022 to $436k in 2023.
  • Highest Compensated Employee pay rose 5% from 2022 to 2023.
  • Board Member pay fell 2% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ELECTRICAL WORKERS' INSURANCE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$71.6M
$74.9M
2022
$81.5M
$80.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ELECTRICAL WORKERS' INSURANCE FUND

What does the Key Employee of ELECTRICAL WORKERS' INSURANCE FUND earn?

In 2023, the Key Employee of ELECTRICAL WORKERS' INSURANCE FUND received $436,176 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at ELECTRICAL WORKERS' INSURANCE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Key Employee at ELECTRICAL WORKERS' INSURANCE FUND falls in the top 10%.

What are ELECTRICAL WORKERS' INSURANCE FUND's revenue and expenses?

In 2023, ELECTRICAL WORKERS' INSURANCE FUND reported $81.5M in total revenue and $80.3M in total expenses on its IRS Form 990.

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