Electrical Insurance Trustees FY2020 filing

Not tax-deductible

Alsip, ILMutual-benefit / member-servingSince 1930Mutual / membership EIN 36-1033970Revenue $269.4M in FY2020

On file with the IRSfundoffice.org6195 W 115th St, 60803-5153 · Alsip, ILTax-exempt since Sep 1966

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Provide medical benefits to plan participants.

$600K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $34.1M a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$600K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $647.8M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21.1M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 10 voting members
Looks good: 6 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$269.4M
Spent
$241.3M
Net assets
$712.9M
By yearFY2020–FY2025
Revenue
$269.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$269.4M
FY2021$263.1M
FY2022$275.5M
FY2023$369.1M
FY2024$361.1M
FY2025$370.7M
Expenses
$241.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$241.3M
FY2021$273.0M
FY2022$269.6M
FY2023$280.2M
FY2024$299.3M
FY2025$341.3M
Net assets
$712.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$712.9M
FY2021$748.0M
FY2022$700.1M
FY2023$751.5M
FY2024$831.3M
FY2025$890.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990; $600K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$344,358Pt VII · Sec A
Director of Information Sy
$134,911Pt VII · Sec A
Director of Accounting
$121,031Pt VII · Sec A
$0Pt VII · Sec A
Trustee - New
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee/Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sean Madix——$354,607$354,600$381,519$344,358
Erin Keane$286,296$277,929$131,154———
Daniel Sheffield—$165,086$165,956$152,490$151,152$134,911
Lori Seljan$148,569$141,141$141,006$130,561$135,908$121,031
Shih-Chi Chou$140,059—————
Tracy Sohst$128,197$117,810$110,790$107,248$110,608—
Kelly Hunt$115,337$106,129————
Robert Moyer$111,555—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Electrical Insurance Trustees executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers medical benefits to plan participants.

Questions for Electrical Insurance Trustees

Tap to ask. Electrical Insurance Trustees sees how many people are interested.

Your first name shows with your question. Electrical Insurance Trustees answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2019
01

Provide medical, death, disability and unemployment benefits to eligible participants and dependents in accordance with provisions of the plan.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$269.4M
Ln 12
Fees for servicesLn 2g$251.7M
Investment incomeLn 3$17.8M
Money outPt IX
$241.3M
Ln 25
Owns and owesPt X
$712.9M
net assets · Ln 32
Cash and savingsLn 1–2$59.5M
Total assetsLn 16$734.0M
LiabilitiesLn 26$21.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$251.7M
Investment incomeLn 3$17.8M
Gains on assetsLn 7$1.7M
Total revenueLn 12$269.4M
Assets in detailPt X, end of year
CashLn 1−$148K
SavingsLn 2$59.7M
Cash and savings togetherLn 1–2$59.5M
InvestmentsLn 11–13$647.8M
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$734.0M
LiabilitiesLn 26$21.1M
Net assetsLn 32$712.9M
OperationsPt I, VI
EmployeesI 524
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$73.6M$59.5M
InvestmentsLn 11–13$610.8M$647.8M
Land, buildings, equipmentLn 10c$1.8M$2.2M
Total assetsLn 16$711.7M$734.0M
LiabilitiesLn 26$27.9M$21.1M
Net assetsLn 32$683.8M$712.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$232.5M
Pay of current officers, directors and key staffLn 5$373K
Other salaries and wagesLn 7$1.5M
Pension plan contributionsLn 8$678K
Other employee benefitsLn 9$431K
Payroll taxesLn 10$123K
Legal feesLn 11b$242K
Accounting feesLn 11c$534K
Investment management feesLn 11f$1.2M
Other fees for servicesLn 11g$1.0M
Office expensesLn 13$702K
Information technologyLn 14$284K
OccupancyLn 16$672K
TravelLn 17$11K
Conferences, conventions and meetingsLn 19$36K
Depreciation, depletion and amortizationLn 22$474K
InsuranceLn 23$444K
Other expenses (24a–d)Ln 24$178K
Total functional expensesLn 25$241.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $370.7M$341.3M$29.5M$890.0M 990 PDF
FY2024 $361.1M$299.3M$61.8M$831.3M 990 PDF
FY2023 $369.1M$280.2M$88.9M$751.5M 990 PDF
FY2022 $275.5M$269.6M$6.0M$700.1M 990 PDF
FY2021 $263.1M$273.0M−$9.9M$748.0M 990 PDF
FY2020 Viewing $269.4M$241.3M$28.1M$712.9M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $269,435,955 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $252,499,484$251,670,742
I-10 Investment incomePrior year $25,359,751$17,765,213
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $277,859,235$269,435,955
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $222,773,633$232,479,580
I-15 Salaries and benefitsPrior year $2,698,279$3,057,166
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,689,900$5,807,345
I-18 Total expensesPrior year $231,161,812$241,344,091
I-19 Revenue less expensesPrior year $46,697,423$28,091,864
Part VI · Governance 6 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $269,435,955 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $251,670,742$251,670,742
VIII-3 Investment incomeExcluded from tax $16,112,565$16,112,565
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,652,648$1,652,648
VIII-12 Total revenueRelated to mission $251,670,742 · Unrelated business $0 · Excluded from tax $17,765,213$269,435,955
Part IX · Statement of functional expenses $241,344,091 across 18 lines filed
IX-4 Benefits paid to or for members$232,479,580
IX-5 Pay of current officers, directors and key staff$373,289
IX-7 Other salaries and wages$1,451,166
IX-8 Pension plan contributions$678,000
IX-9 Other employee benefits$431,262
IX-10 Payroll taxes$123,449
IX-11b Legal fees$242,181
IX-11c Accounting fees$534,251
IX-11f Investment management fees$1,226,373
IX-11g Other fees for services$1,004,944
IX-13 Office expenses$701,654
IX-14 Information technology$283,771
IX-16 Occupancy$671,737
IX-17 Travel$10,682
IX-19 Conferences, conventions and meetings$36,368
IX-22 Depreciation, depletion and amortization$473,677
IX-23 Insurance$443,507
IX-24 Other expenses (24a–d)$178,200
IX-25 Total functional expenses$241,344,091
Part X · Balance sheet $734,017,335 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year −$100,153−$147,775
X-2 Savings and temporary cash investmentsStart of year $73,739,945$59,657,252
X-4 Accounts receivableStart of year $25,292,898$24,316,422
X-9 Prepaid expenses and deferred chargesStart of year $149,997$215,193
X-10c Land, buildings and equipment, netStart of year $1,814,748$2,158,423
X-12 Other securitiesStart of year $610,761,572$647,817,820
X-16 Total assetsStart of year $711,659,007$734,017,335
X-17 Accounts payable and accrued expensesStart of year $3,982,590$3,537,998
X-19 Deferred revenueStart of year $642,097$610,903
X-25 Other liabilitiesStart of year $23,267,851$16,938,516
X-26 Total liabilitiesStart of year $27,892,538$21,087,417
X-32 Total net assets or fund balancesStart of year $683,766,469$712,929,918
X-33 Total liabilities and net assetsStart of year $711,659,007$734,017,335
Part XI · Reconciliation of net assets $712,929,918 net assets at year end
XI-1 Total revenue$269,435,955
XI-2 Total expenses$241,344,091
XI-3 Revenue less expenses$28,091,864
XI-4 Net assets at start of year$683,766,469
XI-5 Net unrealized gains (losses) on investments$1,071,585
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$712,929,918

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.