NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN

EIN: 236209407

NEWTOWN SQUARE, PA

Total Revenue
$1,075,863,831
Total Expenses
$1,002,295,705
Total Assets
$3,148,601,461
Net Assets
$3,020,551,437
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
PA
Principal Officer
ROBERT O BETTS JR
Phone
8005234702
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN, founded in 1952, is a large national nonprofit that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.0B left a modest 7% surplus.

Mission

THE PURPOSE OF THIS PLAN IS TO PROVIDE HEALTH AND WELFARE BENEFITS AND THE MEANS FOR FINANCING THE EXPENSES OF THE TRUSTEES IN THE OPERATION AND ADMINISTRATION OF THIS TRUST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,004,560,069
Investment Income $70,464,621
Other Revenue $839,141
TOTAL REVENUE $1,075,863,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,995,352
Fundraising Expenses $0
Other Expenses $43,673,394
TOTAL EXPENSES $1,002,295,705

Year-over-Year Comparison

2023 2022 Change
Revenue $1,075,863,831 $925,680,318 +0.2%
Expenses $1,002,295,705 $927,321,496 +0.1%
Net Income $73,568,126 $-1,641,178 -45.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$195,867
Total Directors
11
$1,992,258
Key Employees
1
$250,134
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY J MCGANN TRUSTEE/CO-CHAIRMAN 8.00
Director
$0 $208,411 $617,841
RICK AMAROSA TRUSTEE/CHAIRMAN 8.00
Director
$0 $0 $0
VINCENT SCHIAVONE TRUSTEE 2.00
Director
$0 $0 $0
R ALLEN SPEARS TRUSTEE 4.00
Director
$0 $0 $0
STEVEN BRUNO TRUSTEE 2.00
Director
$0 $166,248 $458,139
NEWTON BLANCHARD IV TRUSTEE 2.00
Director
$0 $166,248 $458,139
SUZANNE TART TRUSTEE 2.00
Director
$0 $0 $0
TERENCE CARR TRUSTEE 2.00
Director
$0 $166,248 $458,139
JACK UPCHURCH TRUSTEE 2.00
Director
$0 $0 $0
JATHAN VAN WINKLE TRUSTEE 2.00
Director
$0 $0 $0
CANDICE WIMMER TRUSTEE 2.00
Director
$0 $0 $0
ROBERT O BETTS JR EXECUTIVE DIRECTOR 22.00
Officer
$167,566 $28,301 $195,867
JOHN A MCGOWAN DIRECTOR OF HEALTH CLAIMS 40.00
Key Emp
$197,846 $52,288 $250,134
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,075,863,831 $1,002,295,705 $3,148,601,461 $73,568,126
2022 $925,680,318 $927,321,496 $2,821,003,990 $-1,641,178
2021 $1,053,293,357 $878,293,413 $3,162,621,306 $174,999,944
2020 $991,680,952 $786,603,072 $2,969,377,027 $205,077,880
2019 $1,134,890,435 $787,452,042 $2,531,338,193 $347,438,393
2018 $899,922,540 $738,184,103 $2,111,867,538 $161,738,437
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