Seiu Healthcare Nw Health Benefits Trust

Organization Overview

Seiu Healthcare Nw Health Benefits Trust is located in Seattle, WA. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seiu Healthcare Nw Health Benefits Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2021, Seiu Healthcare Nw Health Benefits Trust generated $290.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $256.1m during the year ending 06/2021. While expenses have increased by 11.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST WAS ESTABLISHED AS A RESULT OF COLLECTIVE BARGAINING BETWEEN THE SERVICE EMPLOYEES INTERNATIONAL UNION, LOCAL 775 (SEIU 775) AND VARIOUS EMPLOYERS OR EMPLOYER REPRESENTATIVES SIGNATORY THERETO TO PROVIDE HEALTH, VISION AND DENTAL BENEFITS COVERING QUALIFIED EMPLOYEES REPORTED UNDER THE COLLECTIVE BARGAINING AGREEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST WAS ESTABLISHED AS A RESULT OF COLLECTIVE BARGAINING BETWEEN SEIU 775 AND VARIOUS EMPLOYERS OR EMPLOYER REPRESENTATIVES SIGNATORY THERETO TO PROVIDE HEALTH, VISION AND DENTAL BENEFITS COVERING QUALIFIED EMPLOYEES REPORTED UNDER THE COLLECTIVE BARGAINING AGREEMENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kaiser Of Washington
Claims Adjudication
$17,326,254
Seiu Benefits Group
Plan Administration
$2,433,101
Magnacare
Contract Administrator
$2,846,933
Kaiser Of Washington Options Inc
Claims Adjudication
$5,592,535
Seiu Training Partnership
Plan Administration
$5,155,728
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,008,678
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,008,678
Total Program Service Revenue$281,785,177
Investment income $8,008,972
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $290,802,827

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