SEATTLE POLICE OFFICERS GUILD BENEFIT TRUST

EIN: 207055468 Mutual Benefit

SEATTLE, WA

Total Revenue
$2,060,659
Total Expenses
$3,726,345
Total Assets
$6,019,733
Net Assets
$5,848,451
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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
2006
Legal Domicile
WA
Principal Officer
WALT HAYDEN
Phone
2067671150
Tax Period
2024-01-01 to 2024-12-31

SEATTLE POLICE OFFICERS GUILD BENEFIT TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 81% operating deficit.

Mission

TO PROVIDE LONG TERM DISABILITY, LEGAL SERVICE, LIFE INSURANCE, AND RETIREE MEDICAL BENEFITS TO ELIGIBLE MEMBERS OF THE SEATTLE POLICE OFFICERS GUILD AND THE SEATTLE POLICE MANAGEMENT ASSOCIATION.

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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 $1,242,714
Investment Income $779,945
Other Revenue $38,000
TOTAL REVENUE $2,060,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,053,397
TOTAL EXPENSES $3,726,345

Year-over-Year Comparison

2024 2023 Change
Revenue $2,060,659 $1,785,567 +0.2%
Expenses $3,726,345 $3,027,296 +0.2%
Net Income $-1,665,686 $-1,241,729 +0.3%
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
12
Independent Members
6
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
$37,171
Total Directors
12
$153,712
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE SOLAN TRUSTEE 4.0
Director
$0 $0 $69,062
BEN HUGHEY TRUSTEE 2.0
Director
$0 $0 $47,479
WALTER HAYDEN Chairperson 25.0
Officer Director
$0 $0 $37,171
THOMAS MCLAUGHLIN TRUSTEE 2.0
Director
$0 $0 $0
RYAN GALLAGHER TRUSTEE 2.0
Director
$0 $0 $0
CARL ZYLAK Treasurer 2.0
Officer Director
$0 $0 $0
JAMES BRITT TRUSTEE 2.0
Director
$0 $0 $0
ELIZABETH SCOTT TRUSTEE 5.0
Director
$0 $0 $0
JEN SAMSON TRUSTEE 2.0
Director
$0 $0 $0
DANE HAGEN Trustee 2.0
Director
$0 $0 $0
CLIFF BORJESON TRUSTEE 2.0
Director
$0 $0 $0
STEVE CORBIN TRUSTEE 2.0
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
2024 $2,060,659 $3,726,345 $6,019,733 $-1,665,686
2023 $1,785,567 $3,027,296 $7,643,626 $-1,241,729
2022 $1,732,858 $2,988,161 $8,544,614 $-1,255,303
2021 $2,336,811 $3,047,207 $11,969,970 $-710,396
2020 $1,808,105 $2,590,096 $12,539,407 $-781,991
2019 $3,671,605 $1,960,584 $12,053,984 $1,711,021
2018 $1,859,716 $1,702,512 $8,929,599 $157,204
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