NORTHWEST IRONWORKERS HEALTH AND SECURITY TRUST

EIN: 916068079

MERCER ISLAND, WA

Total Revenue
$55,437,662
Total Expenses
$56,832,563
Total Assets
$85,740,766
Net Assets
$25,985,023
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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
1966
Legal Domicile
WA
Principal Officer
JEFF ILENSTINE
Phone
2064417574
Tax Period
2024-07-01 to 2025-06-30

NORTHWEST IRONWORKERS HEALTH AND SECURITY TRUST, founded in 1966, is a mid-sized nonprofit that reported $55.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE AN ENTITY TO WHICH CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS CAN BE PAID AND THROUGH WHICH THE TRUSTEES CAN CREATE AND ADMINISTER ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS FOR THE PARTICIPATING EMPLOYEES ON WHOSE BEHALF THE CONTRIBUTIONS HAVE BEEN PAID, AND THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

TO PROVIDE AN ENTITY TO WHICH CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS CAN BE PAID AND THROUGH WHICH THE TRUSTEES CAN CREATE AND ADMINISTER ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS FOR THE...

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TO PROVIDE AN ENTITY TO WHICH CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS CAN BE PAID AND THROUGH WHICH THE TRUSTEES CAN CREATE AND ADMINISTER ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS FOR THE PARTICIPATING EMPLOYEES ON WHOSE BEHALF THE CONTRIBUTIONS HAVE BEEN PAID, AND THEIR BENEFICIARIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $52,192,167
Investment Income $3,199,203
Other Revenue $46,292
TOTAL REVENUE $55,437,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,781,546
TOTAL EXPENSES $56,832,563

Year-over-Year Comparison

2024 2023 Change
Revenue $55,437,662 $51,661,615 +0.1%
Expenses $56,832,563 $54,830,151 +0.0%
Net Income $-1,394,901 $-3,168,536 -0.6%
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

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Governance

Voting Members
16
Independent Members
N/A
Employees
33
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
2
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF ILENSTINE CHAIRMAN (EMPLOYER TRUSTEE) 1.00
Officer Director
$0 $0 $0
CHRIS MCCLAIN SECRETARY (UNION TRUSTEE) 1.00
Officer Director
$0 $0 $0
KEN CARR EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT DECKER EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ALLAN HARDING EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
DAN CURTISS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MARC PAULSEN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN PATTERSON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
DICK DEVRIES EMPLOYER TRUSTEE (OUTGOING) 1.00
Director
$0 $0 $0
JASON FUSSELL UNION TRUSTEE 1.00
Director
$0 $0 $0
GREG GALES UNION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT KORTH UNION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY LADD UNION TRUSTEE 1.00
Director
$0 $0 $0
JAMES RYCKMAN UNION TRUSTEE 1.00
Director
$0 $0 $0
RODNEY G SPRINKLE UNION TRUSTEE 1.00
Director
$0 $0 $0
DEREK PATCHES UNION 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
2025 $55,437,662 $56,832,563 $85,740,766 $-1,394,901
2024 No data No data No data No data
2023 $58,642,826 $52,769,273 $75,387,005 $5,873,553
2022 $58,307,642 $51,554,041 $65,147,164 $6,753,601
2021 $56,682,209 $60,872,016 $63,843,277 $-4,189,807
2020 $52,045,025 $46,329,443 $55,581,290 $5,715,582
2019 $53,107,450 $45,706,035 $49,284,881 $7,401,415
2018 $46,285,343 $54,029,568 $46,999,375 $-7,744,225
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