Skip to main content
Filing year 2023

ELECTRICAL WORKERS' INSURANCE FUND

Madison Heights, Michigan·EIN 38-1393235·9
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 · Schedule J · 11 reported individuals · Filing year 2023

Benefits Dir
key employee
$436k
$474k
Base
$382k
Bonus
Other
Benefits
$17k
Asst Benefit
highest compensated employee
$201k
$218k
Base
$135k
Bonus
$12k
Other
Benefits
$17k
Asst Benefit
highest compensated employee
$199k
$216k
Base
$133k
Bonus
$12k
Other
Benefits
$17k
Accountant
highest compensated employee
$157k
$171k
Base
$98k
Bonus
$5k
Other
Benefits
$17k
Trustee
board member
$58k
$63k
Trustee-past
board member
$54k
$59k
Trustee
board member
$54k
$59k
Trustee
board member
$43k
$47k
Trustee-past
board member
$13k
$14k
Trustee
board member
$2k
$2k
Trustee
board member
$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.

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.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.