Machinists Health And Welfare Trust Fund

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Art Boulton
Chairman
$0
Mike Minor
Secretary
$0
Dale Schiffler
Trustee
$0
Page Palmer
Trustee
$0
Bonnie Moeller
Trustee
$0
Paul Miller
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Regence Blueshield
Claims Administration
$1,152,371
Welfare & Pension Administration Service
Third Party Administration
$306,367
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$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

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