PUGET SOUND BENEFITS TRUST (EIN 916028312) - Form 990 Financial Analysis & Trantor Score

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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

1960

Legal Domicile

Principal Officer

ADAM KECK

Phone

2064417574

Tax Period

2023-01-01 to 2023-12-31

PUGET SOUND BENEFITS TRUST, founded in 1960, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS

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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 $5,456,307

Investment Income $179,977

Other Revenue $4,547

TOTAL REVENUE $5,640,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $508,605

TOTAL EXPENSES $5,974,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,640,831	$5,141,872	+0.1%
Expenses	$5,974,993	$5,448,338	+0.1%
Net Income	$-334,162	$-306,466	+0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE MODE	UNION TRUSTEE - CHAIR	1.00	Officer Director	$0	$0	$0
ADAM KECK	EMPLOYER TRUSTEE - SECRETA	1.00	Officer Director	$0	$0	$0
ERIN ADAMSON	UNION TRUSTEE	1.00	Director	$0	$0	$0
FRANK BENISH	EMPLOYER 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	$5,640,831	$5,974,993	$6,817,186	$-334,162
2022	$5,141,872	$5,448,338	$6,721,128	$-306,466
2021	$4,825,446	$5,500,653	$7,988,882	$-675,207
2020	$4,885,014	$5,079,428	$8,574,203	$-194,414
2019	$5,230,812	$5,097,279	$9,720,821	$133,533
2018	$4,819,979	$4,180,151	$7,847,025	$639,828

PUGET SOUND BENEFITS TRUST