#222 of 500 · Member & Benefit Funds

Neca Ibew Family Medical Care Tr Fund

EIN 75-3198514 · MD · NTEE Y43 · Form 990, fiscal 2023

A jointly administered (Taft-Hartley) labor-management health and welfare trust based in the Washington, D.C. metro area (Rockville/Bethesda, Maryland). Established in 2006 by the National Electrical Contractors Association (NECA) and the International Brotherhood of Electrical Workers (IBEW), it provides medical, prescription drug, dental, vision, disability, life, and related benefits to eligible union members, their dependents, and beneficiaries whose employers contribute under collective bargaining agreements.

Financials, fiscal 2023

Revenue

$712.9M

Expenses

$625.9M

Total assets

$962.5M

Net assets

$935.3M

Operating margin

12.2%

1-year growth

9.9%

5-year growth (CAGR)

6.4%

Reserve (years of spending)

17.9

Contributions share

n/a

Programme spending

97.8%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

57

Revenue per employee

$12.5M

Grants paid

n/a

Years filing

17

NFP Health Score: 80 / 100

Financial 64 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide union members and their families with high-quality healthcare so they can continue working and living with peace of mind.

Revenue history