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
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 |
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 |
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 |
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 |