Northwest Laborers-Employers Health & Security Trust Fund
- Assets
- $150.4m
- Revenue
- $138.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Bothell, WA
- Founding
- 00/0000
- Data as of
- 03/2023
- EIN
- 91-1283260
Organization Overview
Northwest Laborers-Employers Health & Security Trust Fund is located in Bothell, WA. The organization was established in 0000. 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. As of 03/2023, Northwest Laborers-Employers Health & Security Trust Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Laborers-Employers Health & Security Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2023, Northwest Laborers-Employers Health & Security Trust Fund generated $138.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $130.9m during the year ending 03/2023. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND SECURITY BENEFITS TO QUALIFIED PARTICIPANTS IN THE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Ledbetter Chairman | OfficerTrustee | 1 | $0 |
Stacy Martin Secretary | OfficerTrustee | 1 | $0 |
Dale Cannon Union Trustee | Trustee | 1 | $0 |
Shannon Stull Union Trustee | Trustee | 1 | $0 |
Kayne Segura Union Trustee (outgoing) | Trustee | 1 | $0 |
Mark Horton Employer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Premera Blue Cross Claims Processing | 3/30/23 | $2,956,625 |
Zenith American Solutions Administration | 3/30/23 | $3,602,060 |
Delta Dental Claims Processing | 3/30/23 | $377,287 |
Anastasi Moore & Martin Pllc Accounting Services | 3/30/23 | $166,980 |
Stoll Law Group Legal & Professional | 3/30/23 | $170,826 |
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 | $126,712,680 |
| Investment income | $3,224,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,275,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,657,182 |
| 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 | $121,895,188 |
| 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 | $5,195,423 |
| Fees for services: Legal | $238,617 |
| Fees for services: Accounting | $131,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $256,514 |
| Fees for services: Other | $2,771,775 |
| Advertising and promotion | $0 |
| Office expenses | $367,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,056 |
| 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 | $38,269 |
| All other expenses | $0 |
| Total functional expenses | $130,911,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,001,458 |
| Savings and temporary cash investments | $3,868,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,762,558 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $125,812,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,445,644 |
| Accounts payable and accrued expenses | $221,355 |
| 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 | $58,163,071 |
| Total liabilities | $58,384,426 |
| 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 | $92,061,218 |
| Total liabilities and net assets/fund balances | $150,445,644 |