Mission
THE FUND WAS ESTABLISHED BY COLLECTIVE-BARGAINING BETWEEN IBEW LOCAL 58 AND SMC NECA TO PROVIDE HEALTH INSURANCE TO MEMBER ELECTRICIANS AND THEIR FAMILIES. OVER 5,900 PARTICIPANTS AND 6,700 BENEFICIARIES & DEPENDENTS BENEFIT.
Public Charity
ELECTRICAL WORKERS' INSURANCE FUND
ELECTRICAL WORKERS' INSURANCE FUND, of MADISON HEIGHTS, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $92.8M in revenue, $88.6M in expenses, $135.6M in total assets.
EIN: 381393235
MADISON HEIGHTS, MI
Latest filing: 2025
Total Revenue$92.8M
Total Expenses$88.6M
Total Assets$135.6M
Grant Records0
Filing Years2021–2025
Where $100 goes at Electrical Workers' Insurance Fund
How Electrical Workers' Insurance Fund divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
The fund provides health benefits to over 12,600 participants, dependents and beneficiaries
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
BENEFITS DIR
E Craig Young
TRUSTEE
James Soosik
TRUSTEE
Jason Head
ACCOUNTANT
Jessica Cyprus
TRUSTEE
John Fulgenzi
TRUSTEE
Joseph Diederichs
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $92.8M | $88.6M | $135.6M |
| 2024 | $81.5M | $80.3M | $130.2M |
| 2023 | $71.6M | $74.9M | $117.2M |
| 2022 | $68.2M | $80.5M | $116.7M |
| 2021 | $72.6M | $74.1M | $149.9M |
Between 2021 and 2025, reported annual revenue grew from $72.6M to $92.8M (+28%), with total assets most recently reported at $135.6M.
Interactive year-over-year charts and full filing details available with membership.