ELECTRICAL WELFARE TRUST FUND

EIN: 526038507

LANHAM, MD

Total Revenue
$165,022,235
Total Expenses
$156,498,399
Total Assets
$282,005,725
Net Assets
$279,472,970
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
MD
Principal Officer
DAVE SINGLETON
Phone
3017311050
Tax Period
2023-01-01 to 2023-12-31

ELECTRICAL WELFARE TRUST FUND, founded in 1949, is a major nonprofit that reported $165.0M in total revenue in fiscal year 2023. Expenses of $156.5M left a modest 5% surplus.

Mission

TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS AS AGREED UPON BY THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION - WASHINGTON, DC CHAPTER AND IBEW LOCAL UNION NO. 26.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $156,562,521
Investment Income $8,434,062
Other Revenue $25,652
TOTAL REVENUE $165,022,235

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,402,351
Fundraising Expenses $0
Program Expenses $150,243,321
Other Expenses $1,852,727
TOTAL EXPENSES $156,498,399

Year-over-Year Comparison

2023 2022 Change
Revenue $165,022,235 $163,909,999 +0.0%
Expenses $156,498,399 $134,212,146 +0.2%
Net Income $8,523,836 $29,697,853 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
6
Independent Members
N/A
Employees
41
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
$255,926
Total Directors
6
$729,815
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DABBS TRUSTEE 0.3
Director
$0 $45,810 $270,156
MICHAEL MCCARRON FUND Administrator 40.0
Officer
$216,964 $38,962 $255,926
THOMAS MYERS TRUSTEE 0.3
Director
$0 $44,918 $239,529
Richard Murphy Trustee 0.3
Director
$0 $44,353 $220,130
CRYSTAL MILLIGAN CLAIMS DEPT MANAGER 40.0
Highest
$171,644 $38,962 $210,606
ROBIN BALINT Retirement/Admin Dept Manager 40.0
Highest
$151,414 $38,962 $190,376
SHARON RIVETT Claims Processor 40.0
Highest
$118,822 $42,555 $161,377
Dawn Oakes Claims Processor 40.0
Highest
$118,201 $41,954 $160,155
James Chambers IT SPECIALIST 40.0
Highest
$113,596 $42,196 $155,792
BRIAN MOOREFIELD TRUSTEE 0.3
Director
$0 $0 $0
David Singleton TRUSTEE 0.3
Director
$0 $0 $0
Paul Mella Trustee 0.3
Director
$0 $0 $0
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 $165,022,235 $156,498,399 $282,005,725 $8,523,836
2022 $163,909,999 $134,212,146 $265,625,786 $29,697,853
2021 $156,907,024 $137,316,103 $253,835,800 $19,590,921
2020 $138,682,238 $116,095,938 $231,343,514 $22,586,300
2019 $145,069,732 $110,511,720 $203,486,322 $34,558,012
2018 $129,577,295 $107,790,910 $160,963,686 $21,786,385
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ELECTRICAL WELFARE TRUST FUND with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.