The Erisa Industry Committee
Nonprofit profile at a glance
- EIN
- 521077961
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2027891400
- Rating confidence
- Limited
Reported finances
- Revenue
- $5,603,107
- Expenses
- $4,576,283
- Assets
- $5,290,325
- Liabilities
- $2,353,352
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- JAMES GELFAND (PRESIDENT & CEO)
Highest reported compensation
- JAMES GELFAND (PRESIDENT & CEO): $608,000 total reported compensation
- MELISSA BARTLETT (SVP, HEALTH POLICY): $400,537 total reported compensation
- ANDREW BANDUCCI (SVP, RETIREMENT & COMP. POLICY): $385,573 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The erisa industry committee (eric) was formed to promote and advance the common interest and welfare of large employers who establish and maintain employee benefit plans (representing solely the perspective of large plan sponsors). It is the only (continued on schedule o)national association that advocates exclusively for large employer plan sponsors on health, retirement, paid leave, and compensation public policies at the federal, state, and local levels.
What it reported doing in 2024
Eric provides the bridge between those who craft the rules and those who must comply with them as the one organization that exclusively represents the health, retirement, paid leave, and compensation public policy priorities of large employers before federal, state, and local governments. Eric fights against employer taxes, mandates, and compliance burdens, while advocating for policies that allow employers to offer benefits effectively, efficiently, and uniformly to their employees across the country. Eric advocates for its member companies in litigation as well to fight against state and local mandates on employer benefit plans that are regulated by federal erisa law.(continued on schedule o)driven by and for large employers, eric represents the plan sponsor perspective; the specific goals of our corporate members are the sole focus of eric's actions.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 84
- Accountability: 100
- Sustainability: 51
- 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; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.3%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.16; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 43.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.9% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $608K · 31 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $772K reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.