Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of Wa

Organization Overview

Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of Wa is located in Spokane, WA. The organization was established in 1992. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of WA is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 09/2023, Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of WA generated $173.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $107.0m during the year ending 09/2023. While expenses have increased by 8.4% 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALIFIED HEALTH AND WELFARE BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS TRUST HOLDS THE ASSETS OF THE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION HEALTH CARE REIMBURSEMENT PLAN FOR PUBLIC EMPLOYEES IN THE NORTHWEST (THE PLAN) FOR EMPLOYEES OF COUNTY, CITY, TOWN, SPECIAL PURPOSE DISTRICT OR SIMILAR ENTITY IN WASHINGTON, OREGON OR IDAHO, WHOSE PURPOSE IS TO PROVIDE PUBLIC SERVICES TO ITS CITIZENS AND IS AUTHORIZED TO DO SO BY STATE STATUTE. THE PLAN PROVIDES A METHOD OF FUNDING QUALIFIED HEALTH AND WELFARE BENEFITS TO ITS PARTICIPANTS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Doug Detling
Chair
$0
Teresa Benner
Vice Chair - Thru May 2023
$0
Kristy Wolf
Treasurer
$0
Sylvia Hubbard
Secretary
$0
Debbie Lund
Trustee - Beginning May 2023
$0
Heather Buchanan
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Arthur J Gallagher & Co
Consulting, Marketing And Client Svc,cus
$4,816,207
Goldman Sachs Asset Management
Investment Consulting Services
$211,798
Washington Trust Bank
Investment And Custodial Fees
$197,540
One Bridge Benefits Inc
Software Administrator, Eligibility And
$2,036,935
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$151,943,983
Investment income $20,398,945
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $717,152
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $173,076,595

Peer Organizations

Organization NameAssets
Association Of Washington Cities Employees Benefit Trust
Olympia, WA
$273,341,258
Idaho School District Council Self-Funded Benefit Trust
Boise, ID
$167,553,722
School District 1 Health & Welfare Trust Fund
Tualatin, OR
$106,682,288
Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of Wa
Spokane, WA
$173,076,595
Snohomish County Pud Voluntary Employees Beneficiary Association
Everett, WA
$24,504,904
Iaff Local 726 Health And Welfare Trust
Mukilteo, WA
$12,024,480
Voluntary Employees Beneficiary Association Post-Employment Health
Spokane, WA
$20,553,250
City Of Santa Clara Voluntary Employees Beneficiary Assoc Postre
Spokane, WA
$2,194,589
Washington State Council Of Fire Fighters Employee Benefit Tr
Mukilteo, WA
$29,923,871
Apea-Aft Health And Welfare Trust
Anchorage, AK
$6,328,945
City Of Coeur Dalene Employee Benefits Tr
Coeur Dalene, ID
$5,865,717
Gig Harbor Firefighters Union Health & Welfare Tr
Gig Harbor, WA
$4,851,773
Oea Choice Welfare Trust
Tigard, OR
$4,342,619
Seattle Police Offers Guild Benefit Tr
Seattle, WA
$1,785,567
Irvine Police Association Benefit Trust
Mukilteo, WA
$5,115,069
Oxnard Peace Officers Association Retiree Medical Trust
Mukilteo, WA
$3,027,977
City Of Auburn Veba Trust
Auburn, WA
$1,906,710
City Of Kirkland Veba Trust
Kirkland, WA
$1,812,390
City Of Everett Veba Tr
Everett, WA
$1,797,459
Pasadena Police Retired Medical Tr
Mukilteo, WA
$1,159,651
Admin Committee Of Chelan County Public Utlty Dist Retirees Bnft Pl
Wenatchee, WA
$455,469
Washington State Rural Hospital Insurance Trust
Mukilteo, WA
$112
Santa Monica Firefighters Health Benefit Trust
Mukilteo, WA
$1,080,655
Rural Alaska Fuel Services Inc
Anchorage, AK
$190,147
Healthinvest Hra Veba Trst For Public Emp In State Of Ca Nv & Az
Spokane, WA
$592,502

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