Asea-Afscme Local 52 Health Benefits Trust
- Assets
- $227.5m
- Revenue
- $166.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 11/2002
- Data as of
- 06/2020
- EIN
- 92-0174160
Organization Overview
Asea-Afscme Local 52 Health Benefits Trust is located in Spokane, WA. The organization was established in 2002. 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.
For the year ending 06/2020, Asea-Afscme Local 52 Health Benefits Trust generated $166.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $153.5m during the year ending 06/2020. While expenses have increased by 0.2% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH BENEFITS TO QUALIFIED PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYEE WELFARE BENEFIT PLAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Staker Chairman | OfficerTrustee | 1 | $0 |
Jake Lauten Secretary | OfficerTrustee | 1 | $0 |
Brittany Staker Trustee | Trustee | 1 | $0 |
Charisse Millett Trustee | Trustee | 1 | $0 |
Chelsea Sieh Trustee | Trustee | 1 | $0 |
Richard Sewell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Inc Administration | 6/29/20 | $2,710,222 |
Aetna Healthcare Management | 6/29/20 | $2,051,867 |
Beacon Occupational Health & Safety Serv Health And Safety | 6/29/20 | $1,676,760 |
Reliastar Life Insurance Company Insurance | 6/29/20 | $1,278,050 |
Pronounced Health Solutions Inc Healthcare Management | 6/29/20 | $1,275,639 |
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 | $163,247,710 |
| Investment income | $2,063,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,481,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,793,041 |
| 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 | $150,137,817 |
| 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 | $289,020 |
| Fees for services: Legal | $92,787 |
| Fees for services: Accounting | $23,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $956,681 |
| Fees for services: Other | $214,062 |
| Advertising and promotion | $0 |
| Office expenses | $1,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $25,110 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $57,731 |
| All other expenses | $305,974 |
| Total functional expenses | $153,493,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,516,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,900,193 |
| 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 | $207,072,303 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,489,356 |
| Accounts payable and accrued expenses | $1,740,766 |
| 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 | $20,710,779 |
| Total liabilities | $22,451,545 |
| Net assets without donor restrictions | $205,037,811 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $227,489,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Teamster Welfare Trust Seattle, WA | $240,485,750 | $320,820,101 |
Sound Health & Wellness Trust Bothell, WA | $290,642,174 | $306,298,087 |
Seiu Healthcare Nw Health Benefits Trust Seattle, WA | $263,161,300 | $258,351,358 |
Oregon Teamster Employers Trust Portland, OR | $119,583,907 | $209,308,406 |
Carpenters Health & Security Trust Of Western Washington Seattle, WA | $278,848,484 | $165,632,564 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $166,518,028 | $176,922,910 |
Asea-Afscme Local 52 Health Benefits Trust Spokane, WA | $227,489,356 | $166,793,041 |
Locals 302 And 612 Of The Internatl Union Of Operating Engineers Const Seattle, WA | $282,589,426 | $164,477,646 |
Ufcw Local 555 Employers Health Trust Tualatin, OR | $238,470,001 | $154,912,385 |
Public Education Health Trust Anchorage, AK | $39,404,207 | $142,224,857 |
Harrison Electrical Workers Trust Fund Portland, OR | $292,814,250 | $147,632,483 |
Puget Sound Electrical Workers Healthcare Trust Fund Seattle, WA | $83,160,928 | $116,534,101 |