Seattle Fire Fighters HealthCare T… - 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

2001

Legal Domicile

Principal Officer

Dallas Baker

Phone

4257717359

Tax Period

2023-01-01 to 2023-12-31

Mission

To provide an entity to which contributions from participating employers and contributions from participating employees can be paid and through which the Trustees can create and administer one or more employee welfare benefit plans for the participating employees and their beneficiaries.

Program Service Accomplishments

Program 1

To provide high-quality qualified health and welfare benefit plans for active and retired fire fighters, pursuant to collective bargaining 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$32,364,696	-1.0%
Expenses	N/A	$24,894,775	-1.0%
Net Income	N/A	$7,469,921	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dallas Baker	Chair	2.00	Officer Director	$0	$0	$0
Anthony Savelli	Vice Chair	2.00	Officer Director	$0	$0	$0
Ben Mellon	Trustee	1.00	Director	$0	$0	$0
Kenny Stuart	Trustee	1.00	Director	$0	$0	$0
Matt Jung	Trustee	1.00	Director	$0	$0	$0
Steven Lowe	Trustee	1.00	Director	$0	$0	$0
Mike Rogers	Trustee	1.00	Director	$0	$0	$0
Tim O'Mahony	Retiree Liaison Trustee	1.00	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	No data	No data	No data	No data
2023	No data	No data	$55,995,652	No data
2023	$36,064,189	$23,711,752	$71,510,678	$12,352,437
2022	No data	No data	$55,664,442	No data
2022	$32,364,696	$24,894,775	$55,995,652	$7,469,921
2021	$31,479,032	$22,766,287	$55,664,442	$8,712,745
2021	$31,035,050	$24,082,991	$54,961,297	$6,952,059
2020	$29,680,603	$21,837,399	$48,245,968	$7,843,204
2019	$27,189,996	$21,549,432	$38,885,786	$5,640,564
2018	$25,144,858	$19,687,879	$31,259,179	$5,456,979

Seattle Fire Fighters HealthCare Trust