Washington-Idaho Operating Engineers & Employers Health & Sec
- Assets
- $29.8m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 91-1350182
Organization Overview
Washington-Idaho Operating Engineers & Employers Health & Sec is located in Mercer Island, WA. The organization was established in 1989. 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. Washington-Idaho Operating Engineers & Employers Health & Sec is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Washington-Idaho Operating Engineers & Employers Health & Sec generated $18.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $15.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH, PRESCRIPTION DRUG, AND DENTAL BENEFITS FOR PARTICPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES HEALTH, PRESCRIPTION DRUG, AND DENTAL BENEFITS FOR PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Koegen Chairman | OfficerTrustee | 1 | $0 |
Jamie Tibbits Secretary | OfficerTrustee | 1 | $0 |
Mike Bosse Trustee | Trustee | 1 | $0 |
James Garrett Trustee | Trustee | 1 | $0 |
Robert Seghetti Trustee | Trustee | 1 | $0 |
Daren Konopaski Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Welfare & Pension Administrators Administrative Services | 12/30/21 | $547,808 |
Premera Blue Cross Ppo Network | 12/30/21 | $317,093 |
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 | $18,438,180 |
| Investment income | $454,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,910,782 |
| 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 | $14,540,085 |
| 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 | $154,449 |
| Fees for services: Legal | $43,991 |
| Fees for services: Accounting | $57,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $464,104 |
| Advertising and promotion | $0 |
| Office expenses | $74,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $567 |
| 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 | $22,145 |
| All other expenses | $0 |
| Total functional expenses | $15,368,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,428,844 |
| Savings and temporary cash investments | $3,678 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,091,281 |
| 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 | $13,689 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,269,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,806,902 |
| Accounts payable and accrued expenses | $180,446 |
| 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 | $3,877,300 |
| Total liabilities | $4,057,746 |
| 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 | $25,749,156 |
| Total liabilities and net assets/fund balances | $29,806,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Clerks Trust Fka United Food And Commercial Workers Welfare Tru Spokane, WA | $47,661,813 | $45,602,470 |
Omnitrade Health Tr Mukilteo, WA | $1,606,758 | $33,386,840 |
Idaho Power Company Voluntary Employees Beneficiary Association Boise, ID | $41,463,808 | $26,523,416 |
Retirees Welfare Trust Seattle, WA | $113,632,369 | $46,106,899 |
Oregon Laborers-Employers Health And Welfare Trust Fund Portland, OR | $48,314,268 | $38,454,767 |
Alaska Teamster-Employer Welfare Trust Anchorage, AK | $18,961,655 | $35,497,250 |
Agc-International Union Of Operating Engineers Seattle, WA | $75,938,944 | $31,529,799 |
Teamsters 206 Employers Trust Portland, OR | $49,828,794 | $33,002,069 |
Oregon-Washington Carpenters Employers Health And Welfare Fund Seattle, WA | $0 | $86,042,069 |
Sheet Metal Workers 100 Welfare Fund Portland, OR | $59,368,211 | $34,276,972 |
Washington Farm Bureau Health Care Tr Spokane, WA | $5,135,091 | $28,908,709 |
South Bay Hotel Employees Restaurant Employees Welfare Fund Seattle, WA | $47,078,146 | $31,588,354 |