Bledsoe Health Tr
- Assets
- $151.8m
- Revenue
- $51.2m
- Investments
- $25.3m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/1960
- Data as of
- 05/2023
- EIN
- 93-0478837
Organization Overview
Bledsoe Health Tr is located in Seattle, WA. The organization was established in 1960. 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. Bledsoe Health Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Bledsoe Health Tr generated $51.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $41.0m during the year ending 05/2023. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S MISSION IS TO PROVIDE HEALTH BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS AND THEIR COVERED DEPENDENTS. THE PLAN ALSO PROVIDES HEALTH BENEFITS TO SELF-PAY PARTICIPANTS AND RETIREES FOR WHICH A CONTRIBUTION IS RECEIVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodger M Glos Trustee | Trustee | 1 | $0 |
Daniel Silverman Trustee | Trustee | 1 | $0 |
Kellye T Wise Trustee | Trustee | 1 | $0 |
Tony Hadley Trustee | Trustee | 1 | $0 |
Paul Marks Alternate Trustee | Trustee | 1 | $0 |
Jerry King Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regence Bluecross Blueshield Of Ore Claims Admin | 5/30/23 | $2,132,888 |
Express Scripts Inc Claims Admin | 5/30/23 | $421,267 |
Northwest Administrators Inc Third-party Admin | 5/30/23 | $523,940 |
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 | $47,260,897 |
| Investment income | $4,990,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,038,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,212,014 |
| 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 | $39,893,231 |
| 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 | $510,105 |
| Fees for services: Legal | $71,750 |
| Fees for services: Accounting | $63,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,413 |
| Fees for services: Other | $180,983 |
| Advertising and promotion | $0 |
| Office expenses | $126,523 |
| Information technology | $13,835 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,398 |
| 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 | $37,972 |
| All other expenses | $0 |
| Total functional expenses | $40,958,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,690 |
| Savings and temporary cash investments | $1,374,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,995,766 |
| 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 | $1,035,044 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $120,011,883 |
| Investments—other securities | $25,309,979 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,777,312 |
| Accounts payable and accrued expenses | $358,547 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,353,500 |
| Total liabilities | $10,712,047 |
| 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 | $141,065,265 |
| Total liabilities and net assets/fund balances | $151,777,312 |