PUGET SOUND ELECTRICAL WORKERS HEALTHCARE TRUST FUND (EIN 916029124) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

GILLIAN BURLINGHAM

Phone

2064417574

Tax Period

2023-08-01 to 2024-07-31

PUGET SOUND ELECTRICAL WORKERS HEALTHCARE TRUST FUND, founded in 1954, is a major nonprofit that reported $123.3M in total revenue in fiscal year 2023. Expenses of $136.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE HEALTH AND VACATION BENEFITS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $118,578,739

Investment Income $4,720,869

Other Revenue $29,449

TOTAL REVENUE $123,329,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,022,275

TOTAL EXPENSES $136,364,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,329,057	$128,577,306	0.0%
Expenses	$136,364,520	$143,671,960	-0.1%
Net Income	$-13,035,463	$-15,094,654	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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
JANET LEWIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SEAN BAGSBY	TRUSTEE	1.00	Director	$0	$0	$0
GILLIAN BURLINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
BARRY SHERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BROBERG	TRUSTEE	1.00	Director	$0	$0	$0
MARV NELSON	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	$123,329,057	$136,364,520	$64,609,122	$-13,035,463
2023	$128,577,306	$143,671,960	$82,017,887	$-15,094,654
2022	$128,060,108	$122,564,902	$87,862,147	$5,495,206
2021	$127,353,041	$131,979,609	$90,774,829	$-4,626,568
2020	$116,534,101	$115,099,038	$83,160,928	$1,435,063
2019	$117,474,947	$118,152,385	$77,338,717	$-677,438
2018	$105,993,921	$108,023,113	$69,424,310	$-2,029,192

PUGET SOUND ELECTRICAL WORKERS HEALTHCARE TRUST FUND