Electrical Welfare Trust Fund
501(c)(9)
98% goes to programs Strong reserves Growing revenue
Electrical Welfare Trust Fund is a 501(c)(9) organization based in Lanham, Maryland, registered in 1961, with $195,649,514 in FY2024 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
10003 Derekwood Ln Ste 130, Lanham, MD, 20706 EIN 52-6038507 Since 1961
Revenue (FY2024)
$195.6M
▲ 18.6% vs prior year
Expenses (FY2024)
$173.6M
Net assets
$297.3M
Employees
23
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs
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. For Electrical Welfare Trust Fund: 98% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +11% 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 Welfare Trust Fund: 21 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Welfare Trust Fund: 5 of 6 checks met earns a A 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 Welfare Trust Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
Financial trends
Revenue grew from $77.9M (FY2013) to $195.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.1MNet assets $297.3M
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$300.4M
Total liabilities
$3.1M
Net assets
$297.3M
Salaries & benefits
$3.2M
2% of expenses
Board members
6
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $195,649,514▲18.6% | $173,628,539▲10.9% | $297,317,427▲6.4% | $300,421,776▲6.5% | 990 |
| 2023 | $165,022,235▲0.7% | $156,498,399▲16.6% | $279,472,970▲6.5% | $282,005,725▲6.2% | 990 |
| 2022 | $163,909,999▲4.5% | $134,212,146▼2.3% | $262,507,203▲3.7% | $265,625,786▲4.6% | 990 |
| 2021 | $156,907,024▲13.1% | $137,316,103▲18.3% | $253,047,957▲9.8% | $253,835,800▲9.7% | 990 |
| 2020 | $138,682,238▼4.4% | $116,095,938▲5.1% | $230,556,829▲13.7% | $231,343,514▲13.7% | 990 |
| 2019 | $145,069,732▲12.0% | $110,511,720▲2.5% | $202,785,096▲26.3% | $203,486,322▲26.4% | 990 |
| 2018 | $129,577,295▲6.4% | $107,790,910▲11.9% | $160,510,425▲13.6% | $160,963,686▲13.4% | 990 |
| 2017 | $121,738,102▲17.6% | $96,351,035▲8.8% | $141,237,587▲22.8% | $141,893,602▲22.7% | 990 |
| 2016 | $103,511,392▲24.1% | $88,567,818▲0.2% | $114,993,545▲12.1% | $115,602,867▲12.2% | 990 |
| 2015 | $83,380,227▲5.4% | $88,382,921▲5.6% | $102,589,330▼4.8% | $102,996,415▼5.7% | 990 |
| 2014 | $79,072,092▲1.5% | $83,661,410▲4.5% | $107,809,192▼2.3% | $109,229,638▼1.4% | 990 |
| 2013 | $77,916,573 | $80,032,728▲10.4% | $110,395,538▼3.9% | $110,755,983▼3.9% | 990 |
| 2012 | — | $72,518,683▲6.1% | $114,900,773▲6.3% | $115,233,312▲6.2% | 990 |
| 2011 | — | $68,343,197▲1.5% | $108,106,284▲4.5% | $108,464,509▲3.2% | 990 |
| 2010 | — | $67,362,313 | $103,468,377 | $105,150,085 | 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)
Highest-paid: Michael Mccarron — $223,503 (0.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Mccarron | Fund Administrator | 40 | $223,503 |
| Crystal Milligan | Health & Welfare Dept Manager | 40 | $176,887 |
| Robin Balint | Retirement/admin Dept Manager | 40 | $156,084 |
| James Chambers | It Specialist | 40 | $118,913 |
| Dawn Oakes | Health & Welfare Specialist | 40 | $117,372 |
| Michelle Coakley | Team Leader Acounting | 40 | $109,884 |
| Brian Moorefield | Trustee | 0.3 | — |
| David Singleton | Trustee | 0.3 | — |
| Francis Diguiseppe | Trustee | 0.3 | — |
| Joseph Dabbs | Trustee | 0.3 | — |
| Richard Murphy | Trustee | 0.3 | — |
| Thomas Myers | Trustee | 0.3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bridgeway Benefit Technologies LLC | It Consulting | $549,229 |
| Janus Associates Inc | Consulting | $545,811 |
| Virta Medical PC | Medical Consulting | $525,750 |
| Chartwell Investment Partners | Consulting | $306,342 |
| Continental Technologies Inc | It Security | $293,640 |
Frequently asked questions
- Is Electrical Welfare Trust Fund a legitimate nonprofit?
- Yes. Electrical Welfare Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 52-6038507, based in Lanham, Maryland.
- What is Electrical Welfare Trust Fund's EIN?
- Electrical Welfare Trust Fund's Employer Identification Number (EIN) is 52-6038507.
- How much revenue does Electrical Welfare Trust Fund report?
- Electrical Welfare Trust Fund reported $195,649,514 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Electrical Welfare Trust Fund's spending goes to programs?
- Electrical Welfare Trust Fund spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Electrical Welfare Trust Fund have?
- CharityIndex grades Electrical Welfare Trust Fund A, based on program efficiency and fundraising cost.
- How much does Electrical Welfare Trust Fund's highest-paid employee make?
- The highest reported compensation on Electrical Welfare Trust Fund's latest Form 990 is $223,503, paid to Michael Mccarron (Fund Administrator).
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Data for Electrical Welfare Trust Fund (EIN 52-6038507) 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.