Retirees Welfare Trust

Organization Overview

Retirees Welfare Trust is located in Seattle, WA. The organization was established in 1966. 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. Retirees Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Retirees Welfare Trust generated $50.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $37.4m during the year ending 12/2022. While expenses have increased by 4.2% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH BENEFITS FOR RETIRED EMPLOYEES WHO MEET THE ELIGIBILITY RULES IN EFFECT WHEN THEY RETIRE AND/OR QUALIFIED MEMBERS OF THEIR FAMILY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST PROVIDES HEALTH BENEFITS FOR RETIRED PARTICIPANTS AND THEIR SPOUSES AND DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Tessier
Chairman
$0
Brian Person
Secretary
$0
Anthony Decosmo
Trustee
$0
Randy Zeiler
Trustee
$0
Leonard Crouch
Trustee
$0
Ted Bunstine
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Northwest Administrators Inc
Administrative Services
$3,149,788
Premera Blue Cross
Ppo Network
$422,586
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$49,135,409
Investment income $1,693,565
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,375
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $50,830,349

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Idaho Power Company Voluntary Employees Beneficiary Association
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$35,044,026
Oregon Laborers-Employers Health And Welfare Trust Fund
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$41,570,039
Retirees Welfare Trust
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$50,830,349
Agc-International Union Of Operating Engineers
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Sheet Metal Workers 100 Welfare Fund
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Oregon Homecare Workers Benefit Tr
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Alaska Teamster-Employer Welfare Trust
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