Alaska Pipe Trades-367 U A Health & Security Trust
- Assets
- $18.9m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Bothell, WA
- Founding
- 09/1962
- Data as of
- 12/2021
- 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 12/2021, Alaska Pipe Trades-367 U A Health & Security Trust generated $9.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $9.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 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
2021
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 |
Jim Rafter Secretary (outgoing) | OfficerTrustee | 1 | $0 |
Everett Collins III Union Trustee | Trustee | 1 | $0 |
Gene Bay Union Trustee | Trustee | 1 | $0 |
Brian Miller Management Trustee (outgoing) | Trustee | 1 | $0 |
Kevin Carey Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Inc Third Party Administrator | 12/30/21 | $210,123 |
Aetna Inc Claims Processing | 12/30/21 | $109,432 |
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 | $9,246,290 |
| Investment income | $184,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,664,207 |
| 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 | $8,375,865 |
| 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 | $193,130 |
| Fees for services: Legal | $34,327 |
| Fees for services: Accounting | $18,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,132 |
| Fees for services: Other | $213,791 |
| Advertising and promotion | $0 |
| Office expenses | $53,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $695 |
| 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 | $12,233 |
| All other expenses | $0 |
| Total functional expenses | $8,955,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,735,706 |
| Savings and temporary cash investments | $2,668,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,342,858 |
| 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 | $22,843 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,180,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,949,881 |
| Accounts payable and accrued expenses | $55,643 |
| Grants payable | $0 |
| Deferred revenue | $4,310 |
| 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 | $3,580,000 |
| Total liabilities | $3,639,953 |
| 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 | $15,309,928 |
| Total liabilities and net assets/fund balances | $18,949,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |
Montana Retail Employees Health And Welfare Trust Spokane, WA | $13,835,872 | $12,488,989 |
I B E W Health-Welfare Trust Of Southwest Washington Labor Center Spokane, WA | $27,788,424 | $13,148,275 |
Graduate Teaching Fellows Fed Local 3544 Health & Welfare Agreement Eugene, OR | $956,358 | $10,612,842 |
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr Portland, OR | $25,943,906 | $10,731,049 |