Alaska Laborers Construction Industry Health & Security Fund

Organization Overview

Alaska Laborers Construction Industry Health & Security Fund is located in Seattle, WA. The organization was established in 1954. 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. Alaska Laborers Construction Industry Health & Security Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2021, Alaska Laborers Construction Industry Health & Security Fund generated $20.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $19.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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 & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE PLAN

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLAN PROVIDES HEALTH & WELFARE BENEFITS TO ELIGIBLE MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Augustine Merrick II
Trustee, Chairman
$0
Steve Geraghty
Trustee, Secretary
$0
Dave Duclos
Trustee
$0
Brandon Calcaterra
Trustee
$0
Jaysen Mathiesen
Trustee
$0
Jeff Miller
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Optum Healthcare Solutions
Health Solutions
$181,657
Welfare And Pension Admin Services Inc
Third-party Admin
$618,568
Aetna
Claims Admin
$333,380
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$19,452,326
Investment income $67,953
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $776,659
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,313,426

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