Cause IQ organization profile

National Elevator Industry Health Benefit Plan

Form 990s | Financials | Vendors | Personnel | Peers

National Elevator Industry Health Benefit Plan is a health or welfare fund based in Newtown Square, PA that was founded in 1952. As of 2018 they had $902 million in revenue and $2.0 billion in assets.

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. This is essentially the only program service of the organization and all of ...

Newtown Square, PA
Y30: Pension and Retirement Funds

Form 990s for National Elevator Industry Health Benefit Plan

Fiscal year endingDate received by IRSFormPDF link
2017-12Feb 21, 2019990 PDF
2016-12Jan 18, 2018990 PDF
2015-12Apr 7, 2017990O PDF
2014-12Jan 27, 2016990O PDF
2013-12Dec 29, 2014990O PDF
...and three more Form 990 PDFs

Financials for National Elevator Industry Health Benefit Plan


Federated campaigns$0
Membership dues$0
Fundraising event contributions$0
Related organizations$0
Government grants (contributions)$0
Normal grants, contributions, etc.$0
Non-cash contributions$0
Program services$852,669,962
Investment income and dividends$26,369,957
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$22,941,661
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$434,059
Total revenues$902,415,639


Grants to govts. and orgs. in USA$0
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$0
Benefits paid to or for members$647,766,778
Compensation of current officers, etc.$160,606
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$4,268,949
Pension/retirement accruals and contributions$393,400
Other employee benefits$2,167,188
Payroll taxes$360,219
Management fees$0
Legal fees$721,650
Accounting fees$275,558
Lobbying fees$0
Pro. fundraising fees$0
Investment mgmt fees$4,727,064
Other fee-for-service$26,777,393
Advertising and promotion$0
Office expenses$1,132,104
Information tech. expenses$814,374
Royalty expenses$0
Public official travel and entertainment$0
Conferences, meetings, etc.$254,825
Payments to affiliates$0
Depreciation, amortization, etc.$98,481
All other expenses$1,607,144
Total expenses$692,309,674


Cash (non-interest-bearing)$0
Savings, short-term investments, etc.$10,654,461
Pledges and grants receivable$0
Accounts receivable$86,736,351
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$0
Prepaid expenses and deferred charges$726,170
Buildings, equipment, etc. post-depreciation$302,050
Investments, publicly traded securities$1,039,996,743
Investments, other securities$767,382,252
Investments, program-related$0
Intangible assets$0
Other assets$130,062,053
Total assets$2,035,860,080


Accounts payable and accrued expenses$8,168,567
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$192,749,663
Total liabilities$200,918,230

Net asset restrictions

Unrestricted net assets$0
Temporarily restricted net assets$0
Permanently restricted net assets$0

Performance indicators

Total margin23%
Working capital$89,948,415
Current assets$98,116,982
Current liabilities$8,168,567
Days cash on hand5.0 days
Acid test liquidity ratio11.92

Vendors for National Elevator Industry Health Benefit Plan

VendorServicesAmount paidDate
Daniel A Winters and Company CPAsTax accounting2018-11-13
██████Fundraising software2018-07-15
███████ ███ ████Fundraising software; Payment processing2018-07-15
█████████Content management system software2018-07-15
██████ ██████ ████████ ███Case Management and Administration$1,017,7232017-12-01
████████Util Disease Case Management$1,633,1662017-12-01
███████ ███████Network Administration$1,235,9412017-12-01
██████ ████ ███████ ███████████Network Administration$19,833,3742017-12-01
...and one more vendors

Personnel at National Elevator Industry Health Benefit Plan

NameTitleCompensationMost recent data
Robert O BettsExecutive Director$130,041Dec. 31, 2017
████ ████████Director of Finance-July 22, 2016
███ ███████Director of Information Technology-July 22, 2016
████ █ ███████Director of Health Claims$160,000Dec. 31, 2017
█████ ██████████Director of Pension and Eligibility Operations-July 22, 2016
█████ ██████Trustee and Chairman$0Jan. 29, 2019

Peer health and welfare funds

1Pennsylvania Employees Benefit Trust Fund501(c)(9)$1.0 billionHarrisburg, PA
2Railroad Employees National Health and Welfare Plan Trust501(c)(9)$1.7 billionArlington, VA
3Kaiser Foundation Health Plan Retiree Health and Welfare Plan501(c)(9)$1.0 billionBoston, MA
4California's Valued Trust501(c)(9)$825 millionFresno, CA
5CHS Community Health Systems Veba Trust501(c)(9)$1.0 billionFranklin, TN
6Costco Wholesale Corporation Voluntary Employee Benefit Trust501(c)(9)$953 millionIssaquah, WA
7General Electric Insurance Plan Trust501(c)(9)$1.8 billionStamford, CT
8Kroger Health and Welfare Benefit TR for Collectively-Bargai501(c)(9)$1.1 billionCincinnati, OH
9Central States SE & SW Areas Health & Welfare F501(c)(9)$3.5 billionRosemont, IL
10Northrop Grumman Corporation Veba Master Trust I501(c)(9)$885 millionQuincy, MA
11Ibm Medical Benefits Trust501(c)(9)$1.2 billionBrooklyn, NY
12Wal-Mart Stores Associates' Health and Welfare Trust501(c)(9)$4.3 billionBentonville, AR
13Jpmorgan Chase Veba Trust for Active Employees501(c)(9)$1.8 billionNew York, NY
14American Postal Workers Union Health Plan (APWU)501(c)(9)$1.3 billionGlen Burnie, MD
15At&t Veba Trust501(c)(9)$3.8 billionDallas, TX
16Wells Fargo & Co Employee Benefit Trust501(c)(9)$2.5 billionSan Francisco, CA
17Bankamerica Group Benefits Program Trust501(c)(9)$2.3 billionDallas, TX
18The Boeing Company Veba Master Trust501(c)(9)$2.3 billionBrooklyn, NY
19Uaw Retiree Medical Benefits Trust501(c)(9)$4.2 billionDetroit, MI
20Steelworkers Health & Welfare Fund501(c)(9)$661 millionPittsburgh, PA
21KPMG LLP Health Plans TR501(c)(9)$250 millionPittsburgh, PA
22American Electric Power System Employees Benefit Trust501(c)(9)$251 millionPittsburgh, PA
23United States Steel Corporation Represented Retirees Benefit Trust501(c)(9)$493 millionPittsburgh, PA
24Geico Corporation Welfare Plans Trust501(c)(9)$283 millionPittsburgh, PA
25United States Steel Corporation Active Employee Insurance Benefits Trust501(c)(9)$274 millionPittsburgh, PA

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