NFP500

#139 of 500 · Member & Benefit Funds

National Elevator Industry Health Benefit Plan

EIN 23-6209407 · PA · NTEE n/a · Form 990, fiscal 2023

A multiemployer Taft-Hartley health and welfare fund based in Newtown Square, Pennsylvania. It provides medical, prescription drug, dental, vision, and hearing benefits to eligible members of the International Union of Elevator Constructors (IUEC) and their dependents. A joint board of employer and union trustees administers the plan.

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Financials, fiscal 2023

Revenue
$1.08B
Expenses
$1.00B
Total assets
$3.15B
Net assets
$3.02B
Operating margin
6.8%
1-year growth
16.2%
5-year growth (CAGR)
-1.3%
Reserve (years of spending)
36.2
Contributions share
n/a
Programme spending
93.4%
Fundraising cost
n/a
Executive pay share
0.04%
Employees
n/a
Revenue per employee
n/a
Grants paid
n/a
Years filing
68

NFP Health Score: 76 / 100

Financial 55 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history

YearRevenue
2019$1.13B
2020$991.7M
2021$1.05B
2022$925.7M
2023$1.08B