Spokane Fire Firghters Benefit Trust
- Assets
- $30.9m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 46-1402215
Organization Overview
Spokane Fire Firghters Benefit Trust is located in Seattle, WA. The organization was established in 2015. 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. Spokane Fire Firghters Benefit 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, Spokane Fire Firghters Benefit Trust generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $8.9m during the year ending 12/2021. While expenses have increased by 2.3% 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
THE TRUST FUND WAS ORGANIZED TO ENABLE MEMBERS OF THE LOCAL NO. 29 TO USE THEIR COLLECTIVE PURCHASING POWER AND COLLECTIVE BARGAINING RIGHTS TO SECURE COMPETITIVELY PRICED INSURANCE PRODUCTS AND/OR MEDICAL BENEFITS.THE TRUST PROVIDES AN ENTITY TO WHICH CONTRIBUTIONS FROM CONTRIBUTING EMPLOYERS OR PARTICIPATING EMPLOYEE ORGANIZATIONS, AND CONTRIBUTIONS FROM PARTICIPATING MEMBERS, CAN BE PAID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND OTHER BENEFITS FOR ELIGIBLE EMPLOYEES AND COVERED DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Haff Chairman | OfficerTrustee | 1 | $0 |
Mike Forbes Secretary | OfficerTrustee | 1 | $0 |
Randy Marler Trustee | OfficerTrustee | 1 | $0 |
Shane Skipworth Trustee | Trustee | 1 | $0 |
Lee Venning Trustee | Trustee | 1 | $0 |
Michael Rossi Alternative Trustee (outgoing) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Welfare & Pension Administration Service Third Party Administration Services | 12/30/21 | $159,963 |
Premera Blue Cross Claims Processing | 12/30/21 | $134,118 |
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 | $10,888,531 |
| Investment income | $585,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,769,570 |
| 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 | $8,213,256 |
| 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 | $275,236 |
| Fees for services: Legal | $24,502 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,934 |
| Fees for services: Other | $207,522 |
| Advertising and promotion | $0 |
| Office expenses | $33,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,526 |
| 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 | $8,150 |
| All other expenses | $0 |
| Total functional expenses | $8,901,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,290 |
| Savings and temporary cash investments | $3,653,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,732 |
| 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 | $861 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,489,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,098,713 |
| Total assets | $30,941,151 |
| Accounts payable and accrued expenses | $28,411 |
| Grants payable | $0 |
| Deferred revenue | $756,008 |
| 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 | $547,228 |
| Total liabilities | $1,331,647 |
| 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 | $29,609,504 |
| Total liabilities and net assets/fund balances | $30,941,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Automotive Industry Association Health Trust Mukilteo, WA | $1,691,162 | $19,762,426 |
Plumbing & Pipefitting Industry Health & Welfare Fund Local Union Portland, OR | $32,096,746 | $20,904,376 |
Western States Local Union Trust Fund Of The Office Employees Inter Portland, OR | $17,918,695 | $19,537,932 |
Northwest Marine Trade Association Health Trust Bellevue, WA | $1,604,208 | $18,588,448 |
Alaska Laborers Construction Industry Health & Security Fund Seattle, WA | $30,372,862 | $20,313,426 |
Boise Fire & Police Tr Mukilteo, WA | $26,253,264 | $19,793,161 |
Cement Masons And Plasterers Health And Welfare Trust Seattle, WA | $34,182,132 | $22,523,981 |
State Of Indiana Health Reimbursement Arrangement Hra Spokane, WA | $344,630,068 | $23,046,860 |
Washington Alliance For Healthcare Insurance Trust Mukilteo, WA | $2,793,878 | $15,858,943 |
Pipe Trades Trust Spokane, WA | $23,491,063 | $18,062,513 |
Associated Employers Tr - Commercial Construction Spokane, WA | $980,681 | $16,528,039 |
Idaho Agc Self-Funded Benefit Tr Boise, ID | $6,885,647 | $14,916,501 |