Puget Sound Electrical Workers Healthcare Trust Fund

Organization Overview

Puget Sound Electrical Workers Healthcare Trust Fund is located in Seattle, WA. The organization was established in 1958. 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 07/2023, Puget Sound Electrical Workers Healthcare Trust Fund employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puget Sound Electrical Workers Healthcare 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 07/2023, Puget Sound Electrical Workers Healthcare Trust Fund generated $128.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $143.7m during the year ending 07/2023. While expenses have increased by 8.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HEALTH AND VACATION BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HEALTH AND VACATION BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS AS SPECIFIED BY THE PLAN.


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Board, Officers & Key Employees

Name (title)Compensation
Janet Lewis
Chairman
$0
Sean Bagsby
Trustee
$0
Gillian Burlingham
Trustee
$0
Barry Sherman
Secretary
$0
Michael Broberg
Trustee
$0
Marv Nelson
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Welfare & Pension Administration Service
Third Party Administration
$3,418,956
Premera Blue Cross
Claims Administration
$1,759,846
Elixir Solutions
Pharmacy Benefit Management
$250,126
Zelis Claims Integrity
Managed Care Claims Administration
$245,460
Comagine Health
Utilization Review & Case Management
$233,853
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$126,419,880
Investment income $1,898,438
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$141,273
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $128,577,306

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