Northwest Laborers-Employers Health & Security Trust Fund

Organization Overview

Northwest Laborers-Employers Health & Security Trust Fund is located in Bothell, WA. The organization was established in 0000. 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. As of 03/2022, Northwest Laborers-Employers Health & Security Trust Fund employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Laborers-Employers Health & Security Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 03/2022, Northwest Laborers-Employers Health & Security Trust Fund generated $131.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $116.3m during the year ending 03/2022. While expenses have increased by 4.0% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH AND WELFARE BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH AND SECURITY BENEFITS TO QUALIFIED PARTICIPANTS IN THE PLAN.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew Ledbetter
Chairman
$0
Stacy Martin
Secretary
$0
Jermaine Smiley
Secretary (outgoing)
$0
Dale Cannon
Union Trustee
$0
Shannon Stull
Union Trustee
$0
Kayne Segura
Union Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Zenith American Solutions
Administration
$3,724,412
Premera Blue Cross
Claims Processing
$2,769,117
Delta Dental
Claims Processing
$346,554
Stoll Law Group
Legal & Professional
$154,665
Manning & Napier Advisors Llc
Investment Advisor
$150,061
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
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$0
Total Program Service Revenue$115,838,280
Investment income $3,370,931
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,506,355
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $131,850,528

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