National Elevator Industry Health Benefit Plan
501(c)(9)
Only null% goes to programs Strong reserves
National Elevator Industry Health Benefit Plan is a 501(c)(9) organization based in Newtown Sq, Pennsylvania, registered in 1955, with $1,167,161,646 in FY2024 revenue. CharityIndex grades it B.
19 Campus Blvd Ste 200, Newtown Sq, PA, 19073 EIN 23-6209407 Since 1955
Revenue (FY2024)
$1.2B
▲ 8.5% vs prior year
Expenses (FY2024)
$1.0B
Net assets
$3.3B
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 National Elevator Industry Health Benefit 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 rating38 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 National Elevator Industry Health Benefit Plan: 38 mo reserves · +11% 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 National Elevator Industry Health Benefit Plan: 3 of 6 checks met earns a C+ 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 National Elevator Industry Health Benefit Plan: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 19 Campus Blvd Ste 200, Newtown Sq, PA, 19073
- City
- Newtown Sq
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $578.0M (FY2013) to $1.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $81.1MNet assets $3.3B
Operating margin
10.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4B
Total liabilities
$81.1M
Net assets
$3.3B
Salaries & benefits
$9.6M
1% of expenses
Board members
10
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,167,161,646▲8.5% | $1,042,220,586▲4.0% | $3,327,936,382▲10.2% | $3,408,987,705▲8.3% | 990 |
| 2023 | $1,075,863,831▲16.2% | $1,002,295,705▲8.1% | $3,020,551,437▲10.9% | $3,148,601,461▲11.6% | 990 |
| 2022 | $925,680,318▼12.1% | $927,321,496▲5.6% | $2,723,173,661▼11.9% | $2,821,003,990▼10.8% | 990 |
| 2021 | $1,053,293,357▲6.2% | $878,293,413▲11.7% | $3,090,690,464▲11.0% | $3,162,621,306▲6.5% | 990 |
| 2020 | $991,680,952▼12.6% | $786,603,072▼0.1% | $2,784,292,024▲18.0% | $2,969,377,027▲17.3% | 990 |
| 2019 | $1,134,890,435▲26.1% | $787,452,042▲6.7% | $2,358,966,333▲23.2% | $2,531,338,193▲19.9% | 990 |
| 2018 | $899,922,540▼0.3% | $738,184,103▲6.6% | $1,914,139,430▲4.3% | $2,111,867,538▲3.7% | 990 |
| 2017 | $902,415,639▲12.5% | $692,309,674▲11.7% | $1,834,941,850▲23.1% | $2,035,860,080▲23.5% | 990 |
| 2016 | $802,100,360▲14.2% | $619,922,187▲6.3% | $1,490,311,167▲18.5% | $1,648,931,115▲16.5% | 990 |
| 2015 | $702,167,501▲6.4% | $582,983,356▲6.1% | $1,257,944,284▲6.2% | $1,415,616,700▲7.9% | 990 |
| 2014 | $659,754,019▲14.1% | $549,372,619▲8.1% | $1,184,417,690▲11.0% | $1,311,485,530▲7.8% | 990 |
| 2013 | $577,987,086 | $508,375,541▲8.4% | $1,066,695,715▲12.2% | $1,216,472,693▲11.7% | 990 |
| 2012 | — | $468,856,790▲1.1% | $951,035,432▲16.9% | $1,088,585,936▲26.9% | 990 |
| 2011 | — | $463,764,290▲0.7% | $813,519,876▲6.2% | $857,537,128▼0.8% | 990 |
| 2010 | — | $460,607,730 | $766,038,301 | $864,105,199 | 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: John A Mcgowan — $205,356 (0.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John A Mcgowan | Director of Health Claims | 40 | $205,356 |
| Robert O Betts Jr | Executive Director | 22 | $173,466 |
| Patricia M Nelson | Claims Administration | 40 | $129,821 |
| Candice Wimmer | Trustee | 2 | — |
| Jathan Van Winkle | Trustee | 2 | — |
| Jerry Cluff | Trustee | 2 | — |
| Larry J Mcgann | Trustee/chairman | 8 | — |
| Newton Blanchard IV | Trustee | 2 | — |
| R Allen Spears | Trustee | 4 | — |
| Rick Amarosa | Trustee/co-chairman | 8 | — |
| Steven Bruno | Trustee | 2 | — |
| Suzanne Tart | Trustee | 2 | — |
| Terence Carr | Trustee | 2 | — |
| Vincent Schiavone | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Health Care Service Corporation | Network Administration | $14,669,596 |
| Express Scripts | Network Administration | $7,043,062 |
| Kepro | Case Mgmt & Admin | $4,363,214 |
| Lyra Health | Case Mgmt & Admin | $3,334,561 |
| Virta Medical PC | Case Mgmt & Admin | $2,335,441 |
Frequently asked questions
- Is National Elevator Industry Health Benefit Plan a legitimate nonprofit?
- Yes. National Elevator Industry Health Benefit Plan is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-6209407, based in Newtown Sq, Pennsylvania.
- What is National Elevator Industry Health Benefit Plan's EIN?
- National Elevator Industry Health Benefit Plan's Employer Identification Number (EIN) is 23-6209407.
- How much revenue does National Elevator Industry Health Benefit Plan report?
- National Elevator Industry Health Benefit Plan reported $1,167,161,646 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does National Elevator Industry Health Benefit Plan have?
- CharityIndex grades National Elevator Industry Health Benefit Plan B, based on financial health (reserves and operating margin).
- How much does National Elevator Industry Health Benefit Plan's highest-paid employee make?
- The highest reported compensation on National Elevator Industry Health Benefit Plan's latest Form 990 is $205,356, paid to John A Mcgowan (Director of Health Claims).
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Data for National Elevator Industry Health Benefit Plan (EIN 23-6209407) 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.