Eba-Pge-Ibew Local Union 125 Health & Welfare Trust
- Assets
- $8.9m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Tukwila, WA
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 93-1204757
Organization Overview
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust is located in Tukwila, WA. The organization was established in 1997. 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. Eba-Pge-Ibew Local Union 125 Health & 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 12/2021, Eba-Pge-Ibew Local Union 125 Health & Welfare Trust generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $16.7m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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.
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 WELFARE BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Eri Chairman Trustee | OfficerTrustee | 1 | $0 |
Mark Propp Co-Chair Trustee, Co | OfficerTrustee | 1 | $0 |
Sarah Dammen Trustee | Trustee | 1 | $0 |
Travis Eri Trustee | Trustee | 1 | $0 |
Tamara Neitzke Trustee | Trustee | 1 | $0 |
Hank Williams Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Segal Company Benefit Consult | 12/30/21 | $130,800 |
Benesys Tpa | 12/30/21 | $132,495 |
Regence Bluecross Blueshield Of Or Claims Payment | 12/30/21 | $408,529 |
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 | $17,830,075 |
| Investment income | $123,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,022,514 |
| 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 | $15,708,709 |
| 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 | $0 |
| Fees for services: Legal | $97,395 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,201 |
| Fees for services: Other | $759,195 |
| Advertising and promotion | $0 |
| Office expenses | $50,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,196 |
| All other expenses | $0 |
| Total functional expenses | $16,695,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,820,403 |
| Savings and temporary cash investments | $207,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $10,273 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,597,247 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $282,483 |
| Total assets | $8,917,739 |
| Accounts payable and accrued expenses | $70,222 |
| 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 | $1,637,303 |
| Total liabilities | $1,707,525 |
| 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 | $7,210,214 |
| Total liabilities and net assets/fund balances | $8,917,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Greater Fairbanks Community Hospital Foundation Inc Fairbanks, AK | $517,877,782 | $49,411,110 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
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 |