SEIU Healthcare NW Health Benefits Trust Plan

EIN: 201842198 Mutual Benefit

Seattle, WA

Total Revenue
$504,106,267
Total Expenses
$444,832,930
Total Assets
$588,168,947
Net Assets
$460,827,084
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WA
Principal Officer
MERISSA CLYDE
Phone
2062547120
Tax Period
2024-07-01 to 2025-06-30

SEIU Healthcare NW Health Benefits Trust Plan, founded in 2004, is a major nonprofit in the Mutual Benefit sector that reported $504.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $444.8M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $484,667,235
Investment Income $18,561,024
Other Revenue $878,008
TOTAL REVENUE $504,106,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $20,390,538
TOTAL EXPENSES $444,832,930

Year-over-Year Comparison

2024 2023 Change
Revenue $504,106,267 $375,427,616 +0.3%
Expenses $444,832,930 $341,402,459 +0.3%
Net Income $59,273,337 $34,025,157 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Glickman TRUSTEE 1.0
Director
$0 $0 $0
Shaine Truscott TRUSTEE 1.0
Director
$0 $0 $0
Sterling Harders Chair 1.0
Officer Director
$0 $0 $0
Tangie Webb TRUSTEE 1.0
Director
$0 $0 $0
Eric Erickson TRUSTEE 1.0
Director
$0 $0 $0
Mark Robinson SECRETARY 1.0
Officer Director
$0 $0 $0
Steven Hill TRUSTEE 1.0
Director
$0 $0 $0
AILEEN PICK TRUSTEE 1.0
Director
$0 $0 $0
DANIELLE RICE TRUSTEE 1.0
Director
$0 $0 $0
TONIK JOSEPH TRUSTEE 1.0
Director
$0 $0 $0
DAVID ISEMINGER Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $504,106,267 $444,832,930 $588,168,947 $59,273,337
2024 No data No data No data No data
2023 $310,570,082 $338,005,751 $425,803,449 $-27,435,669
2022 $313,981,321 $273,584,346 $366,303,429 $40,396,975
2021 $290,802,827 $256,106,641 $374,711,079 $34,696,186
2020 $279,209,141 $229,322,768 $317,269,793 $49,886,373
2019 $258,351,358 $211,267,262 $263,161,300 $47,084,096
2018 $239,391,455 $191,039,265 $206,933,030 $48,352,190
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