#136 of 500 · Member & Benefit Funds
Line Construction Benefit Fund
A self-funded, self-administered Taft-Hartley health and welfare fund established in 1963. It provides medical, prescription drug, dental, vision, and behavioral health benefits to members of the International Brotherhood of Electrical Workers (IBEW) and National Electrical Contractors Association (NECA) working in the outside electrical construction industry, along with their families, across the United States. A joint labor-management board of trustees governs the fund.
Open the interactive profileFinancials, fiscal 2023
- Revenue
- $1.10B
- Expenses
- $1.00B
- Total assets
- $1.71B
- Net assets
- $1.70B
- Operating margin
- 8.8%
- 1-year growth
- 0.6%
- 5-year growth (CAGR)
- 10.2%
- Reserve (years of spending)
- 20.3
- Contributions share
- n/a
- Programme spending
- 97.7%
- Fundraising cost
- n/a
- Executive pay share
- 0.06%
- Employees
- 94
- Revenue per employee
- $11.7M
- Grants paid
- n/a
- Years filing
- 59
NFP Health Score: 78 / 100
Financial 60 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.
Mission
Providing you and your family with access to quality health and welfare benefits with best in class service.
Revenue history
| Year | Revenue |
|---|---|
| 2019 | $745.0M |
| 2020 | $883.3M |
| 2021 | $1.01B |
| 2022 | $1.09B |
| 2023 | $1.10B |