Ibew Local 82 Health & Welfare C/o American Benefit Corp
Nonprofit profile at a glance
- EIN
- 316084151
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- ONA, WV, USA
- Phone
- 8007786118
- Rating confidence
- Limited
Reported finances
- Revenue
- $23,028,630
- Expenses
- $19,298,744
- Assets
- $41,276,135
- Liabilities
- $448,439
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide health, prescription and death benefits to covered members, retirees and dependents.
What it reported doing in 2024
Provided self funded health insurance benefits, as well as fully insured life and disability benefits and supplemental medicare coverage to eligible participants, dependents, and retirees of international brotherhood of electrical workers local 82.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.2%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 2.14; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.3% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $2K · 13 people listed
- Highest-paid contractors: 3 contractors listed · $758K reported
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.