Machinists Health And Welfare Trust Fund is located in Seattle, WA. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Machinists Health And Welfare 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 07/2021, Machinists Health And Welfare Trust Fund generated $28.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $23.4m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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 AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE PLAN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Art Boulton Chairman | OfficerTrustee | 1 | $0 |
Mike Minor Secretary | OfficerTrustee | 1 | $0 |
Dale Schiffler Trustee | Trustee | 1 | $0 |
Page Palmer Trustee | Trustee | 1 | $0 |
Bonnie Moeller Trustee | Trustee | 1 | $0 |
Paul Miller Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Regence Blueshield Claims Administration | 7/30/21 | $1,152,371 |
Welfare & Pension Administration Service Third Party Administration | 7/30/21 | $306,367 |
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 | $26,792,212 |
Investment income | $890,902 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $662,693 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $28,345,807 |
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 | $21,594,776 |
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 | $1,397,650 |
Fees for services: Legal | $44,977 |
Fees for services: Accounting | $45,736 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $84,677 |
Fees for services: Other | $200,054 |
Advertising and promotion | $0 |
Office expenses | $9,945 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,840 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $26,409 |
All other expenses | $7,610 |
Total functional expenses | $23,413,674 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $127,001 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,954,309 |
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 | $7,798 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $49,553,978 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $52,643,086 |
Accounts payable and accrued expenses | $55,497 |
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 | $5,851,326 |
Total liabilities | $5,906,823 |
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 | $46,736,263 |
Total liabilities and net assets/fund balances | $52,643,086 |
Organization Name | Assets | Revenue |
---|---|---|
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Greater Fairbanks Community Hospital Foundation Inc Fairbanks, AK | $517,877,782 | $49,411,110 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |