Electrical Workers Insurance Benefit Fund Local 481
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Electrical Workers Insurance Benefit Fund Local 481 is a 501(c)(9) organization based in Indianapolis, Indiana, registered in 1974, with $62,363,827 in FY2024 revenue. CharityIndex grades it A.
1828 N Meridian St Ste 103, Indianapolis, IN, 46202 EIN 35-0851694 Since 1974
Revenue (FY2024)
$62.4M
▲ 16.4% vs prior year
Expenses (FY2024)
$49.6M
Net assets
$213.5M
Employees
90
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Workers Insurance Benefit Fund Local 481— 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 rating52 mo reserves · +20% 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 Workers Insurance Benefit Fund Local 481: 52 mo reserves · +20% 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 Workers Insurance Benefit Fund Local 481: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Workers Insurance Benefit Fund Local 481: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Provide health benefits
Contact & location
- Address
- 1828 N Meridian St Ste 103, Indianapolis, IN, 46202
- City
- Indianapolis
- State
- Indiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $27.9M (FY2013) to $62.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $425KNet assets $213.5M
Operating margin
20.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$214.0M
Total liabilities
$425K
Net assets
$213.5M
Salaries & benefits
$695K
1% of expenses
Board members
6
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,363,827▲16.4% | $49,606,433▲29.4% | $213,537,837▲14.3% | $213,963,110▲14.3% | 990 |
| 2023 | $53,581,724▲22.7% | $38,321,008▼1.7% | $186,875,080▲18.2% | $187,230,122▲18.1% | 990 |
| 2022 | $43,680,458▼10.9% | $38,970,881▲7.8% | $158,119,870▼8.9% | $158,526,300▼8.9% | 990 |
| 2021 | $49,044,150▼0.9% | $36,164,140▲6.8% | $173,639,054▲15.5% | $174,050,857▲15.4% | 990 |
| 2020 | $49,482,566▲18.7% | $33,873,746▼6.8% | $150,300,831▲19.8% | $150,845,073▲19.7% | 990 |
| 2019 | $41,696,842▲31.7% | $36,329,730▼10.6% | $125,457,875▲19.5% | $125,996,485▲19.7% | 990 |
| 2018 | $31,663,503▼3.0% | $40,652,180▲22.2% | $104,952,876▼11.7% | $105,303,565▼11.6% | 990 |
| 2017 | $32,641,702▲5.4% | $33,278,706▲2.6% | $118,802,311▲6.1% | $119,151,672▲6.3% | 990 |
| 2016 | $30,959,098▲13.4% | $32,439,878▲10.4% | $111,936,851▲0.4% | $112,085,646▲0.3% | 990 |
| 2015 | $27,297,855▲9.9% | $29,392,516▲5.8% | $111,531,321▲989% | $111,801,621▼4.1% | 990 |
| 2014 | $24,834,784▼11.0% | $27,790,853▲3.8% | -$12,543,491▼2002% | $116,607,777▲1.5% | 990 |
| 2013 | $27,916,361 | $26,762,540▼1.3% | -$596,743▲98.1% | $114,849,602▲7.2% | 990 |
| 2012 | — | $27,117,016▲7.3% | -$30,978,887▼12.4% | $107,140,495▲5.9% | 990 |
| 2011 | — | $25,263,746▲1.7% | -$27,563,575▼269% | $101,163,621▲1.8% | 990 |
| 2010 | — | $24,832,551 | -$7,477,054 | $99,338,508 | 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: David Ray — $155,400 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Ray | Plan Administrator | 12 | $155,400 |
| Whitney King | Assistant Plan Administrat | 16 | $130,219 |
| Andrew Williams | Trustee | 1 | — |
| Blake Andrews | Alternate Trustee | 1 | — |
| Carl Williams | Trustee | 1 | — |
| Chris Grider | Trustee | 1 | — |
| Jeff Wheeler | Trustee | 1 | — |
| Jim Tsareff | Trustee | 1 | — |
| Larry Van Tries | Alternate Trustee | 1 | — |
| Tim Whicker | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sierra Health and Life Insurance Co Inc | Health Provider | $1,699,623 |
| Anthem Insurance Companies Inc | Ppo Network Provider | $1,347,812 |
| Stroke Detection Plus Inc | Health Provider | $398,740 |
| Ullico | Stop Loss Provider | $353,721 |
| Hello Heart | Health Provider | $237,258 |
Frequently asked questions
- Is Electrical Workers Insurance Benefit Fund Local 481 a legitimate nonprofit?
- Yes. Electrical Workers Insurance Benefit Fund Local 481 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 35-0851694, based in Indianapolis, Indiana.
- What is Electrical Workers Insurance Benefit Fund Local 481's EIN?
- Electrical Workers Insurance Benefit Fund Local 481's Employer Identification Number (EIN) is 35-0851694.
- How much revenue does Electrical Workers Insurance Benefit Fund Local 481 report?
- Electrical Workers Insurance Benefit Fund Local 481 reported $62,363,827 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Electrical Workers Insurance Benefit Fund Local 481 have?
- CharityIndex grades Electrical Workers Insurance Benefit Fund Local 481 A, based on financial health (reserves and operating margin).
- How much does Electrical Workers Insurance Benefit Fund Local 481's highest-paid employee make?
- The highest reported compensation on Electrical Workers Insurance Benefit Fund Local 481's latest Form 990 is $155,400, paid to David Ray (Plan Administrator).
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Data for Electrical Workers Insurance Benefit Fund Local 481 (EIN 35-0851694) 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.