GIG HARBOR, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GIG HARBOR FIREFIGHTERS UNION HEALTH & WELFARE TRUST, founded in 2012, is a community nonprofit in the Mutual Benefit sector that reported $4.8M in total revenue in fiscal year 2023. The organization ran a surplus of $897K, a strong 19% operating margin.
TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS INCLUDING ACTIVE AND RETIRED EMPLOYEES OF GIG HARBOR FIRE AND MEDIC ONE AND THEIR DEPENDENTS. PLAN ASSETS ARE HELD IN A TRUST. THE PLAN IS SUBJECT TO THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA), AS AMENDED.
PROVIDED AN ENTITY THROUGH WHICH ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS WERE FUNDED PURSUANT TO THE TERMS OF THE APPLICABLE COLLECTIVE BARGAINING AGREEMENTS AND SUCH TRUST HELD ALL THE ASSETS OF...
PROVIDED AN ENTITY THROUGH WHICH ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS WERE FUNDED PURSUANT TO THE TERMS OF THE APPLICABLE COLLECTIVE BARGAINING AGREEMENTS AND SUCH TRUST HELD ALL THE ASSETS OF THESE VARIOUS EMPLOYEE WELFARE BENEFIT PLANS, USED FOR EXCLUSIVE BENEFIT OF PARTICIPANTS AND BENEFICIARIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,818,753 | $4,851,773 | 0.0% |
| Expenses | $3,921,512 | $3,766,511 | +0.0% |
| Net Income | $897,241 | $1,085,262 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL DUMAS | CHAIRMAN (OUTGOING) | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON DOWER | CHAIRMAN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY CARR | SECRETARY/TREASURER | 3.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS MARTIN | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JACOB FLICK | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS TRUCKEY | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JOEL SCHWARZ | GENERAL MANAGER/CONSULTANT | 15.00 |
Officer
|
$40,552 | $0 | $40,552 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,818,753 | $3,921,512 | $11,536,967 | $897,241 |
| 2023 | $4,851,773 | $3,766,511 | $9,881,243 | $1,085,262 |
| 2022 | $4,314,596 | $4,128,635 | $8,874,069 | $185,961 |
| 2021 | $3,802,450 | $2,914,249 | $8,971,672 | $888,201 |
| 2020 | $3,347,810 | $2,239,242 | $8,101,865 | $1,108,568 |
| 2019 | $3,514,872 | $1,965,293 | $7,021,853 | $1,549,579 |
| 2018 | $2,987,256 | $2,134,480 | $5,514,482 | $852,776 |
| 2018 | $2,863,866 | $2,098,847 | $5,481,188 | $765,019 |
| 2018 | $2,987,256 | $2,134,480 | $5,514,482 | $852,776 |
| 2017 | $2,815,321 | $2,263,843 | $4,790,369 | $551,478 |
Compare GIG HARBOR FIREFIGHTERS UNION HEALTH & WELFARE TRUST with other nonprofits in Washington and across the country.