Alaska Pipe Trades-367 U A Health & Security Trust
- Assets
- $16.3m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Bothell, WA
- Founding
- 09/1962
- Data as of
- 12/2023
- EIN
- 92-0035263
Organization Overview
Alaska Pipe Trades-367 U A Health & Security Trust is located in Bothell, WA. The organization was established in 1962. 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. Alaska Pipe Trades-367 U A Health & Security Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Alaska Pipe Trades-367 U A Health & Security Trust generated $10.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND SECURITY BENEFITS TO QUALIFIED PARTICIPANTS OF THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND SECURITY BENEFITS TO QUALIFIED PARTICIPANTS OF THE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Plikat Chairman | OfficerTrustee | 1 | $0 |
Kevin Carey Secretary | OfficerTrustee | 1 | $0 |
Everett Collins III Union Trustee | Trustee | 1 | $0 |
Pete Nolfi Union Trustee | Trustee | 1 | $0 |
Bradley Austin Union Trustee | Trustee | 1 | $0 |
Bill Goodale Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Inc Third Party Administrator | 12/30/23 | $208,815 |
Aetna Inc Claims Processing | 12/30/23 | $120,588 |
Parker Smith Feek Inc Consulting Fees | 12/30/23 | $101,001 |
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 | $10,303,130 |
| Investment income | $363,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,692,035 |
| 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 | $9,477,475 |
| 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 | $195,282 |
| Fees for services: Legal | $37,467 |
| Fees for services: Accounting | $31,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,683 |
| Fees for services: Other | $235,436 |
| Advertising and promotion | $0 |
| Office expenses | $62,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,474 |
| All other expenses | $0 |
| Total functional expenses | $10,115,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $764,110 |
| Savings and temporary cash investments | $2,165,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,232,288 |
| 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 | $17,147 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,105,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,284,946 |
| Accounts payable and accrued expenses | $57,067 |
| Grants payable | $0 |
| Deferred revenue | $791 |
| 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 | $2,960,000 |
| Total liabilities | $3,017,858 |
| 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 | $13,267,088 |
| Total liabilities and net assets/fund balances | $16,284,946 |