WASHINGTON STATE COUNCIL OF FIRE F… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

GREG MARKLEY

Phone

5624635000

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON STATE COUNCIL OF FIRE FIGHTERS EMPLOYEE BENEFIT TRUST, founded in 1999, is a mid-sized nonprofit in the Mutual Benefit sector that reported $59.5M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46.1M, a strong 78% operating margin.

Mission

IT IS THE MISSION OF THE WSCFF EMPLOYEE BENEFIT TRUST TO PROVIDE THE BEST POSSIBLE PLAN BENEFITS TO ITS PARTICIPATING MEMBERS AND TO ENHANCE THE PLAN AS GREATER BENEFIT OPTIONS BECOME AVAILABLE IN THE DYNAMIC HEALTH CARE INDUSTRY.

Program Service Accomplishments

Program 1

THE TRUST PROVIDED REIMBURSEMENT OF QUALIFIED HEALTH INSURANCE PREMIUMS AND MEDICAL EXPENSES TO RETIREES PURSUANT TO COLLECTIVE BARGAINING AND SUCCESSOR AGREEMENTS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,690,959

Investment Income $17,581,008

Other Revenue $190,903

TOTAL REVENUE $59,462,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,420

Fundraising Expenses $0

Other Expenses $1,952,684

TOTAL EXPENSES $13,319,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,462,870	$46,826,180	+0.3%
Expenses	$13,319,131	$10,749,402	+0.2%
Net Income	$46,143,739	$36,076,778	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

$63,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MARKLEY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DENNIS LAWSON	SECRETARY/TREASURER	14.00	Officer Director	$0	$0	$0
MICHAEL CAMERON	TRUSTEE (AS OF 06/25)	4.00	Director	$0	$0	$0
MICHAEL DETOY	TRUSTEE	5.00	Director	$0	$0	$0
BILL DODD	TRUSTEE	1.00	Director	$0	$0	$0
MIKE FRAINIER	TRUSTEE	1.00	Director	$0	$0	$0
TAYLOR HOBI	TRUSTEE (AS OF 07/24)	1.00	Director	$0	$0	$0
MATTHEW MARTENS	TRUSTEE (THRU 07/24)	1.00	Director	$0	$0	$0
JUDSON MCCAULEY	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG SOUCY	TRUSTEE	3.00	Director	$0	$0	$0
JEFF WAINWRIGHT	TRUSTEE	2.00	Director	$0	$0	$0
RICKY WALSH	TRUSTEE	1.00	Director	$0	$0	$0
CATON WHITE	TRUSTEE (AS OF 01/25)	1.00	Director	$0	$0	$0
GREGORY WILSON	TRUSTEE / CONSULTANT	20.00	Director	$63,300	$0	$63,300

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	$59,462,870	$13,319,131	$422,883,996	$46,143,739
2024	$46,826,180	$10,749,402	$350,935,392	$36,076,778
2023	$29,923,871	$7,473,681	$215,859,597	$22,450,190
2022	$23,878,667	$5,682,126	$183,839,294	$18,196,541
2021	$25,956,972	$4,677,390	$204,384,851	$21,279,582
2020	$18,821,428	$3,433,666	$149,338,416	$15,387,762
2019	$15,646,718	$3,121,259	$132,462,964	$12,525,459
2018	$15,429,206	$2,243,939	$115,361,484	$13,185,267

WASHINGTON STATE COUNCIL OF FIRE FIGHTERS EMPLOYEE BENEFIT TRUST