Electrical Employers Self Insurance Safety Plan
501(c)(9)
Strong reserves Growing revenue
Electrical Employers Self Insurance Safety Plan is a 501(c)(9) organization based in Flushing, New York, registered in 1984, with $106,909,150 in FY2024 revenue.
158-11 Harry Van Arsdale Jr Ave, Flushing, NY, 11365 EIN 51-0151311 Since 1984
Revenue (FY2024)
$106.9M
▲ 10.9% vs prior year
Expenses (FY2024)
$87.7M
Net assets
$288.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Electrical Employers Self Insurance Safety Plan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating40 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Electrical Employers Self Insurance Safety Plan: 40 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Electrical Employers Self Insurance Safety Plan: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Electrical Employers Self Insurance Safety Plan: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The plan collects and invests funds received from electrical contractors for the purpose of providing statutory and collectively bargained workers' compensation and disability benefits to members of local union no. 3 of the international brotherhood of electrical workers afl- cio ("local 3")
Contact & location
Financial trends
Revenue grew from $101.0M (FY2013) to $106.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $57.7MNet assets $288.7M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$346.4M
Total liabilities
$57.7M
Net assets
$288.7M
Salaries & benefits
$0
0% of expenses
Board members
18
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $106,909,150▲10.9% | $87,681,380▼4.2% | $288,683,307▲11.1% | $346,395,891▲8.7% | 990 |
| 2023 | $96,402,737▲0.8% | $91,569,708▼42.6% | $259,847,809▲9.2% | $318,681,579▲5.9% | 990 |
| 2022 | $95,594,996▲12.0% | $159,476,254▲52.1% | $237,985,363▼31.3% | $300,793,770▼14.4% | 990 |
| 2021 | $85,315,230▼19.1% | $104,835,260▲3.6% | $346,537,393▼1.6% | $351,418,450▼1.1% | 990 |
| 2020 | $105,421,274▲5.4% | $101,152,418▼0.3% | $352,032,372▼0.2% | $355,326,121▼1.4% | 990 |
| 2019 | $100,030,665▼32.3% | $101,479,497▲5.8% | $352,771,895▲7.7% | $360,442,171▲7.7% | 990 |
| 2018 | $147,811,762▲51.9% | $95,911,547▲9.7% | $327,613,076▲12.1% | $334,821,687▲8.8% | 990 |
| 2017 | $97,290,569▲5.8% | $87,410,168▲6.4% | $292,275,526▲8.5% | $307,628,746▲5.9% | 990 |
| 2016 | $91,971,401▲13.3% | $82,119,049▼2.3% | $269,485,927▲6.4% | $290,501,737▲5.4% | 990 |
| 2015 | $81,155,364▼21.4% | $84,092,178▲4.8% | $253,388,417▼2.4% | $275,602,351▲4.0% | 990 |
| 2014 | $103,249,034▲2.2% | $80,271,909▼3.0% | $259,582,182▲13.9% | $265,063,650▲14.0% | 990 |
| 2013 | $101,012,619 | $82,786,606▲7.6% | $227,941,446▲8.0% | $232,488,853▲4.4% | 990 |
| 2012 | — | $76,907,716▲12.8% | $211,019,775▼3.5% | $222,680,511▼0.6% | 990 |
| 2011 | — | $68,177,309▲22.1% | $218,695,437▲805% | $224,032,222▼7.7% | 990 |
| 2010 | — | $55,859,807 | $24,178,562 | $242,783,837 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alex Samilenko | Trustee | 1 | — |
| Ben D'alessandro | Trustee | 1 | — |
| Carl Fry | Trustee | 1 | — |
| Christine Abru | Trustee | 1 | — |
| Dave Parker | Trustee | 1 | — |
| Dennis Mcginn | Director | 1 | — |
| Hal Sokoloff | Trustee | 1 | — |
| Herb Rocchi | Trustee | 1 | — |
| Jody Garofolo | Trustee | 1 | — |
| Joseph Barbaro | Secretary | 1 | — |
| Kristine Denapoli | Treasurer | 1 | — |
| Martin Rostowsky | Trustee | 1 | — |
| Parag Kapadia | Trustee | 1 | — |
| Paul Kleinberg | Trustee | 1 | — |
| Richard Lomler | Trustee | 1 | — |
| Robert Saville | Trustee | 1 | — |
| Stephen Gianotti | Vice Chairman | 1 | — |
| Susan Pascale | Trustee | 1 | — |
Frequently asked questions
- Is Electrical Employers Self Insurance Safety Plan a legitimate nonprofit?
- Yes. Electrical Employers Self Insurance Safety Plan is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 51-0151311, based in Flushing, New York.
- What is Electrical Employers Self Insurance Safety Plan's EIN?
- Electrical Employers Self Insurance Safety Plan's Employer Identification Number (EIN) is 51-0151311.
- How much revenue does Electrical Employers Self Insurance Safety Plan report?
- Electrical Employers Self Insurance Safety Plan reported $106,909,150 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Electrical Employers Self Insurance Safety Plan's highest-paid employee make?
- The highest reported compensation on Electrical Employers Self Insurance Safety Plan's latest Form 990 is $0, paid to Alex Samilenko (Trustee).
More nonprofits in Flushing
Explore more
Data for Electrical Employers Self Insurance Safety Plan (EIN 51-0151311) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.