NFP500

#173 of 500 · Member & Benefit Funds

Steelworkers Health & Welfare Fund

EIN 23-1317409 · PA · NTEE n/a · Form 990, fiscal 2023

A multiemployer Taft-Hartley trust based in Pittsburgh, Pennsylvania, governed by a board of trustees appointed by the United Steelworkers (USW). Funded by employer contributions under collective bargaining agreements, it provides cost-effective medical, prescription, dental, vision, life, disability and wellness benefits to tens of thousands of USW members, retirees and their families across many employers and industries nationwide.

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Financials, fiscal 2023

Revenue
$885.0M
Expenses
$850.0M
Total assets
$105.8M
Net assets
$105.8M
Operating margin
4.0%
1-year growth
6.8%
5-year growth (CAGR)
2.0%
Reserve (years of spending)
1.5
Contributions share
n/a
Programme spending
99.7%
Fundraising cost
n/a
Executive pay share
0.02%
Employees
5
Revenue per employee
$177.0M
Grants paid
n/a
Years filing
74

NFP Health Score: 68 / 100

Financial 40 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history

YearRevenue
2019$818.7M
2020$804.6M
2021$820.6M
2022$828.9M
2023$885.0M