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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Ledbetter Chairman | OfficerTrustee | 1 | $0 |
Stacy Martin Secretary | OfficerTrustee | 1 | $0 |
Jermaine Smiley Secretary (outgoing) | OfficerTrustee | 1 | $0 |
Dale Cannon Union Trustee | Trustee | 1 | $0 |
Shannon Stull Union Trustee | Trustee | 1 | $0 |
Kayne Segura Union Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Zenith American Solutions Administration | 3/30/22 | $3,724,412 |
Premera Blue Cross Claims Processing | 3/30/22 | $2,769,117 |
Delta Dental Claims Processing | 3/30/22 | $346,554 |
Stoll Law Group Legal & Professional | 3/30/22 | $154,665 |
Manning & Napier Advisors Llc Investment Advisor | 3/30/22 | $150,061 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $107,714,448 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $4,965,075 |
Fees for services: Legal | $212,704 |
Fees for services: Accounting | $141,712 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $276,533 |
Fees for services: Other | $2,593,183 |
Advertising and promotion | $0 |
Office expenses | $355,171 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,049 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $47,627 |
All other expenses | $0 |
Total functional expenses | $116,323,336 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,210,275 |
Savings and temporary cash investments | $3,799,612 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,078,192 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $121,914,737 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $143,002,816 |
Accounts payable and accrued expenses | $342,366 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $49,621,676 |
Total liabilities | $49,964,042 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $93,038,774 |
Total liabilities and net assets/fund balances | $143,002,816 |
Organization Name | Assets | Revenue |
---|---|---|
Washington Teamster Welfare Trust Seattle, WA | $331,766,638 | $341,645,240 |
Sound Health & Wellness Trust Bothell, WA | $181,681,087 | $269,875,972 |
Carpenters Health & Security Trust Of Western Washington Seattle, WA | $419,009,389 | $219,883,529 |
Seiu Healthcare Nw Health Benefits Trust Seattle, WA | $374,711,079 | $290,802,827 |
Oregon Teamster Employers Trust Portland, OR | $186,860,594 | $221,871,166 |
Asea-Afscme Local 52 Health Benefits Trust Spokane, WA | $292,530,544 | $187,703,443 |
Locals 302 And 612 Of The Internatl Union Of Operating Engineers Const Seattle, WA | $306,252,486 | $142,097,763 |
Harrison Electrical Workers Trust Fund Portland, OR | $391,095,863 | $175,936,301 |
Ufcw Local 555 Employers Health Trust Tualatin, OR | $151,793,952 | $133,117,759 |
Public Education Health Trust Anchorage, AK | $55,144,732 | $143,518,522 |
Puget Sound Electrical Workers Healthcare Trust Fund Seattle, WA | $90,774,829 | $127,353,041 |
Business Health Tr Mukilteo, WA | $13,505,686 | $119,029,722 |