SERVICE EMPLOYEES HEALTH AND WELFARE TRUST

EIN: 237122650

SEATTLE, WA

Total Revenue
$48,685,676
Total Expenses
$47,711,416
Total Assets
$45,375,494
Net Assets
$31,972,409
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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
1970
Legal Domicile
WA
Principal Officer
SERGIO SALINAS
Phone
2063294900
Tax Period
2024-05-01 to 2025-04-30

SERVICE EMPLOYEES HEALTH AND WELFARE TRUST, founded in 1970, is a mid-sized nonprofit that reported $48.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THIS MULTIEMPLOYER PLAN.

Program Service Accomplishments

Program 1

Provided HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THIS MULTIEMPLOYER PLAN.

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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 $47,030,313
Investment Income $1,639,796
Other Revenue $15,567
TOTAL REVENUE $48,685,676

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,715,143
TOTAL EXPENSES $47,711,416

Year-over-Year Comparison

2024 2023 Change
Revenue $48,685,676 $43,499,403 +0.1%
Expenses $47,711,416 $45,103,956 +0.1%
Net Income $974,260 $-1,604,553 -1.6%
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
5
Independent Members
2
Employees
N/A
Volunteers
8

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SERGIO SALINAS CHAIRMAN 1.0
Officer Director
$0 $0 $0
CHARLIE JONES SECRETARY 1.0
Officer Director
$0 $0 $0
JIM RAGSDALE TRUSTEE 1.0
Director
$0 $0 $0
ELIZABETH CRANSTON Alternate TRUSTEE 1.0
Director
$0 $0 $0
GREG RAMIREZ TRUSTEE 1.0
Director
$0 $0 $0
ZENIA JAVALERA TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL MENDONCA Alternate TRUSTEE 1.0
Director
$0 $0 $0
ELSA OGBE Alternate TRUSTEE 1.0
Director
$0 $0 $0
SEE SCH O FOR COMPENSATION PAID BY RELATED ORGANIZATIONS 0.0
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 $48,685,676 $47,711,416 $45,375,494 $974,260
2024 $43,499,403 $45,103,956 $41,770,335 $-1,604,553
2023 $43,649,270 $46,759,859 $46,931,676 $-3,110,589
2022 $43,804,686 $39,176,353 $47,657,399 $4,628,333
2021 $44,739,292 $43,065,832 $45,675,678 $1,673,460
2020 $42,987,761 $38,516,599 $41,811,603 $4,471,162
2019 $37,110,096 $33,566,895 $37,163,803 $3,543,201
2018 $33,034,278 $26,910,910 $29,933,144 $6,123,368
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